FinTech news in fintech startup category

The vulnerability in Fortra’s GoAnywhere file-transfer software came to light on February 2 after security journalist Brian Krebs publicly shared details of Fortra’s security advisory because the tech company had put the advisory behind a login prompt.

By focusing on e-commerce, Shergill said Highbeam is able to provide a single financial view of the business, where cash is coming in and going out, and help entrepreneurs decide the right credit option and offer insights on common situations. Highbeam, a New York-based neobank built for people building e-commerce brands on marketplaces like Shopify and Amazon, raised $7 million in seed funding to continue developing banking tools that cater to these entrepreneurs’ needs. The one-year-old fintech startup, started by Samir Shergill and Gautam Gupta, provides banking features, access to transparent credit and cash management insights. Sustainable profit growth has become more important for brands, especially when e-commerce growth exploded during the pandemic and has pulled back some as stores reopened, Shergill said.

The latest to enter the BNPL field attacking the B2B/SME market is Playter a London-based BNPL platform aimed at SMEs. It’s now closed a $55 million funding round from Adit Ventures and Fasanara Capital, with Fin Capital and Act Venture Capital and 1818 Ventures also participating.

Its target investors are similar to those participating in crypto, Auslander said — retail investors, collectible lovers, and people who are fans of events like the Met Gala or the Oscars who not only read editorial coverage of those events but also want to participate in the ownership of related assets.

However, now that consumers have grown comfortable with BNPL as a concept and are increasingly using it as an alternative to credit cards, we’re seeing opportunities for new BNPL products for recurring bills, such as rent or streaming service subscriptions.

UK-based TrueCircle, a computer vision startup founded just last year, has nabbed $5.5 million in pre-seed funding in a bid to bring data-driven AI to the recycling industry to improve recovery rates and quality — with the overarching goal of transforming the economics of waste reuse to shrink demand for virgin materials.