Pan-African contrarian investor P1 Ventures reaches $25M first close for its second fund

Pan-African venture capital firm P1 Ventures has reached the first close of its second fund at $25 million. The venture capital firm secured this capital from some of Africa’s largest industrial conglomerates and private companies, several fund of funds and general partners of global funds based in the U.S....

Read more...

Strategy: Fintech Companies Often Overlook the Basics

In the often crazy world of financial technology, startups and incumbents are in a (rat) race to provide innovative solutions. Hopefully, solutions that address actual gaps and inefficiencies in the traditional banking system. However, in the haste to innovate and disrupt, many fintech companies overlook the fundamental principle of...

Read more...

Despite the ups and downs of the fintech space, people still really care about it

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Disrupt! Last week, our team was at TechCrunch Disrupt 2023, which featured a dedicated fintech stage...

Read more...

After cutting ties with Binance, Checkout.com says crypto companies are about 4% of its total processing volume

Credit cards payment processor Checkout.com views crypto as a meaningful space for merchant relationships but needs to continue to focus on regulatory growth, according to Céline Dufétel, president and COO of the company, who spoke at TechCrunch Disrupt. “We serve crypto exchanges, we don’t actually touch crypto,” Dufétel said. “It’s...

Read more...