This article appears to be the Fintech Roundup newsletter from TechCrunch. Here are some of the key points mentioned:
- NovoPayment: The fintech company has raised a $19 million Series A round, its first institutional fundraise. NovoPayment offers credit solutions for immigrants in new countries.
- Pillar: Pillar, another fintech startup, has raised a pre-seed round of £13 million ($16.9 million) led by Global Founders Capital and Backed VC. The company aims to provide immigrants with access to credit products when moving to a new country.
- Credit fintech startups: Companies like Yonder, Keebo, Tymit, and Pillar are attempting to address the issue of providing credit solutions for immigrants in new countries.
- Immigration-related fintech challenges: Immigrants often struggle to access credit due to lack of credit history in their new country. Credit bureaus rarely coordinate across countries, making it difficult for immigrants to establish a credit profile.
- Fintech industry growth: The article notes that pre-seed rounds are becoming increasingly common and large, with Pillar’s £13 million raise being a notable example.
Overall, the Fintech Roundup highlights the growing importance of fintech in addressing issues related to immigration, financial inclusion, and credit access.
