FinTech news in early stage category

Last batch, YC’s India founders appeared concentrated mostly within the financial services sector, around 30% when you consider that out of 36 Indian startups, 11 were in the fintech world. Out of the 21 startups YC backed in India this cohort, about 40%, or 8 startups, are in the fintech category. Despite a bit of a slowdown in fintech funding for private companies this year compared to the ultra-hot 2021 market, the sector remains much hotter than it was in years past, accounting for nearly 21% of total venture deals as of Q2 2022. YC’s startups are no exception – only time will tell if their approach of focusing in on international companies operating in niche markets will pay off or if consolidation in the sector has already gone too far for new upstarts to see breakout success.

The company rebooted ODF, which helps founders scale their startups through IRL and virtual programming, as well as On Deck Scale, a program for founders behind high-growth businesses to understand how to become better leaders. On Deck, a tech company that connects founders to each other, capital and advice, has conducted another round of layoffs just three months after laying off a quarter of its staff. On Deck, not to be confused with small business lender OnDeck, is a company that provides capital and network support for emerging fund managers and founders. In a message to community members that was obtained by journalist, Booth said the company would issue refunds for current On Deck Climate Tech participants.

Lalji said that Ivella will focus on products to support couples at any stage of their relationship, including joint accounts, credit products and joint investment products, long-term.

Akshay Krishnaiah, the founder and CEO of Line, thinks he can get users onboard for his vision of a more inclusive financial network. The company also said registrations are up 100% month over month, and have grown the service from instant cash to larger checks as rapport is built.

His goal is to raise $10 million for the new fund (of which he has so far brought in $4 million), and already it has a diverse group of LPs.