From TechCrunch
By Manish Singh
December 5, 2023
ZestMoney, a buy now pay later startup whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors including Goldman Sachs, is shutting down following unsuccessful efforts to find a buyer. The Bengaluru-headquartered startup — which also identified PayU, Quona, Zip, Omidyar Network and Ribbit Capital among its backers — employed about […]
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ZestMoney founders resign as Goldman Sachs-backed fintech struggles to raise funds
Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech whose ability to underwrite small ticket loans to first-time internet customers once drew the backing of many high-profile investors including Goldman Sachs. Lizzie Chapman, Priya Sharma and Ashish Anantharaman, the founders of ZestMoney, informed employees about their […]
May 15, 2023
BNPL vendor Splitit moves to go private in exchange for fresh funds
As the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today announced that it has a $60 million “capital commitment” from strategic investors including Thorney Investment Group, Parea Capital and Motive Partners. Bringing the startup’s total […]
Aug 16, 2023
Hero wants to save the day for companies facing a working capital crunch
Hero, a new fintech startup based in Paris, is announcing an €11.3 millionnall-equity funding round led by Valar Ventures ($12.2 million at today’snexchange rate). For the past couple of years, the company has been quietlynbuilding an ambitious banking product for small companies that can essentiallynreplace everything you’d expect from a traditional […]
Jun 20, 2024
Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays
Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. That morning, they found themselves unable to log into their accounts right as tax season was starting. Bench’s entire website was offline except for a notice that Bench had shut down after 13 years of operation. Bench’s
Jan 3, 2025