A sharp decline in venture capital has reportedly battered Latin America’s startup sector. Two-thirds of startups in that region have cut staff in the last 18 months as VC investments have dropped, Reuters reported Wednesday (Aug. 30). VC funding in the second quarter plunged 65% year over...
European startups are reportedly rethinking expansion amid a venture funding drought. As the Wall Street Journal reported Tuesday (Aug. 22), the struggle to find financing has become the norm for these companies as investors seek safer investments such as bonds. The report, citing data from Pitchbook, says...
The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund, announced Wednesday (Aug. 16) by UK FinTech Growth Partners. The fund, called the Fintech Growth Fund, aims to support growth-stage...
The startup world is facing a historic slump with a venture funding drought threatening hundreds of previously funded businesses. Investors have sharply cut back on funding for tech and early-stage startups in the United States, leading to a 49% decline in tech startup funding in the year...
Airwallex has joined forces with venture investing platform OurCrowd to make it easier to invest in startups. The partnership, announced Wednesday (Aug. 2), lets institutions and individuals invest in startups anywhere, with their local currency and with a single button click. “Until now, when making a startup investment, investors...
We’re a long way from the halcyon days of FinTech funding just a few years ago. Sezzle CEO Charlie Youakim and Vera Equity Co-founder Jon Pomeranz told PYMNTS Karen Webster that in the current environment marked by higher costs of capital and nascent firms that...
Efficient Capital Labs (ECL) has closed a $7 million funding round led by QED Investors. Founded in early 2022, the startup provides business-to-business (B2B) software-as-a-service (SaaS) companies access to upfront capital from its balance sheet, allowing an efficient and cost-effective way to access capital, according to a...
Following a years-long venture capital (VC) bull market that saw FinTech startups raise billions of dollars in funding, the challenging macroeconomic market has led to a sharpened focus on belt-tightening, with firms now under mounting pressure from investors to have a clearer path to profitability....
Times are tough for early-stage startups, suffering a drastic drop in venture capital spending. American investors backed 3,011 startup deals in the second quarter of 2023, a third fewer from the same period in 2022, Bloomberg News reported Thursday (July 6), citing Pitchbook data. Those...