Skip to main content

Deck.blue brings a TweetDeck experience to Bluesky users

With over 3 million users and plans to open up more broadly in the months ahead, Bluesky is still establishing itself as an alternative to Twitter/X. However, that hasn’t stopped the developer community from embracing the project and building tools to meet the needs of those fleeing the now Elon Musk-owned social network, formerly known […] © 2024 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/TBbEAPF
Post a Comment

Temasek in talks to back India’s OneCard at $1.5 billion valuation

FPL Technologies, the Indian startup that operates OneCard, is set to double its valuation to about $1.5 billion in a new financing round, just a month after it disclosed its previous funding, according to three sources familiar with the matter.

Singapore’s Temasek, one of the world’s largest investors, is in advanced stages of talks to lead a new financing round of the Pune-headquartered startup, the sources said, requesting anonymity as the deliberation is ongoing and private.

The size of the round is over $100 million, two sources said.

OneCard declined to comment whereas Temasek said it does not comment on market rumors and speculation.

The new round follows a $75 million Series C funding that OneCard disclosed last month. The Series C round, led by QED, valued OneCard at about $750 million.

Founded by banking veterans, OneCard operates a mobile-first credit card. Its cards come without any joining or annual fee and give customers more control and flexibility over how and where they transact. It also offers a range of personalized rewards and loans to customers.

The startup also operates an app called OneScore, which helps users understand and find their credit score. The app is one of largest customer acquisition drivers for OneCard.

There are fewer than 30 million Indians who currently own a credit card even as nearly a billion bank accounts exist in the South Asian market.

Scores of startups including OneCard, Slice, which entered the unicorn club late last year, and Lightspeed Venture Partners and Elevation Capital-backed Uni are attempting to bring credit card features to more customers in India.

OneCard says it has amassed over 250,000 OneCard customers who are spending about $60 million with its cards each month.

Anurag Sinha, the startup’s co-founder and chief executive, said last month that he estimates that about 80 million to 90 million Indians are eligible to have a credit card.



from TechCrunch https://ift.tt/pPmT7v0
Labels:

Comments

Post a Comment

Popular posts from this blog

6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+. You see, insurtech startups often need to take into account the myriad rules and regulations in place when they seek to innovate and embed insurance into products, which might make it difficult to pull it off. And given the current emphasis on achieving cost efficiency to extend runways in the broader startup ecosystem, it appears investors are open to insurtech startups that can build a sustainable business model, regardless of it including embedded insurance. “Insurtech startups that do not offer embedded insurance, and rather provide other innovative solutions will still attract VC funding this year, especially if they can show cost-efficient and sustainabl...
Post a Comment
Read more

Ivella is the latest fintech focused on couples banking, with a twist

Money can make people moody. There are layers of privilege, or lack thereof, that can make even the simplest conversation about bills feel like baggage to deal with. Translate that discomfort to relationships and it can feel like an awkward — and fragmented — dance on who pays which bill when (and how). Ivella , a Santa Monica-based startup, wants to build banking products for couples to take away some of these tensions. Led by CEO and co-founder Kahlil Lalji , the startup is launching with a split account product that just raised $3.5 million in funding from Anthemis, Financial Venture Studio and Soma Capital. Other investors include Y Combinator, DoNotPay CEO Joshua Browder and Gumroad CEO Sahil Lavingia. Lalji, who helped creators with digital content before jumping into the world of fintech, says that the startup was born out of his own frustration at the expectation that couples would just use Venmo unless they were married. The best solution, so far, has been joint accounts...
Post a Comment
Read more

Ethicists fire back at ‘AI Pause’ letter they say ‘ignores the actual harms’

A group of well-known AI ethicists have written a counterpoint to this week’s controversial letter asking for a six-month “pause” on AI development, criticizing it for a focus on hypothetical future threats when real harms are attributable to misuse of the tech today. Thousands of people, including such familiar names as Steve Wozniak and Elon Musk, signed the open letter from the Future of Life institute earlier this week, proposing that development of AI models like GPT-4 should be put on hold in order to avoid “loss of control of our civilization,” among other threats. Timnit Gebru, Emily M. Bender, Angelina McMillan-Major and Margaret Mitchell are all major figures in the domains of AI and ethics, known (in addition to their work) for being pushed out of Google over a paper criticizing the capabilities of AI. They are currently working together at the DAIR Institute, a new research outfit aimed at studying and exposing and preventing AI-associated harms. But they were not to ...
Post a Comment
Read more