Month: January 2023

Showing that there’s real investor enthusiasm for identity management platforms, Saviynt, which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group. Founder Sachin Nayyar, who returned to Saviynt as CEO this week alongside newly-appointed
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As venture capital investments slowed down in 2022, some startups turned to private credit, including debt capital, as a way to supplement their operations in the meantime. However, the policies and procedures paperwork that goes with these deals aren’t always easy to understand. Finley CEO Jeremy Tsui told TechCrunch that private credit is a $1.2
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Dutch social enterprise Fairphone, which makes modular and — the claim is — more sustainable and ethical consumer electronics, has nabbed a chunk of funding to continue scaling a circular-economy-aligned smartphone business. The €49 million (~$53M) “growth capital” investment — from an international consortium of impact investors, led by new shareholders Invest-NL, the ABN AMRO
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I have wanted a robot pet at least since Sony introduced the original Aibo in 1999 — probably earlier, but Aibo made it seem tangible. Since then, there’s been a steady stream of attempts at making robot pets a reality that matches what we often see in futuristic science fiction — including a recent Aibo
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Despite continuing talk about a possible recession, slumping tech stocks and a slowdown in the world of startup investing, the business of funding was positively humming last week. After slowing way down last spring, venture outfits disclosed a stunning $8 billion in new capital commitments in the span of just five days. Consider the following: NEA
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Founded by two insurance industry veterans, Eazy Digital wants to give small insurance companies in Southeast Asia the same advantage as their larger competitors. Its SaaS platform lets insurers digitize many parts of their operations, enabling them to scale up more efficiently. The Bangkok-based startup announced today it has raised $850,000 in an oversubscribed seed
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After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low, according to research firm Counterpoint. It was also the first time that China’s handset sales had slid below 300 million units
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Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week.
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Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Sometimes, due to the nature of the startup game, we over index on “the new.” Companies want to build for the pain point you never
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