Peak XV Partners is in advanced stages of deliberations to lead or fully finance a funding round in Neo Group, an asset management and financial advisory firm, three sources familiar with the matter said. The firm is finalizing an investment of as much as $50 million in Neo Group, which...
Scientific Financial Systems’ flagship product Quotient™ provides an advanced analytical engine that simplifies data manipulation, factor building, backtesting, portfolio construction, and much more. Under the covers, SFS’s Quble technology powers Quotient’s financial algorithmsQuble is a revolutionary Python-based engine meticulously designed for quantitative finance analysis. Quble’s prowess is partially achieved...
Exchange rate volatility has long been a major headache for cross-border businesses. Historically, companies have sought protection by purchasing foreign exchange (FX) insurance or options, but most of these financial products operate like giant “black boxes”, Finofo‘s co-founder and CFO Charles Maranda told TechCrunch in an interview. Maranda’s company aims...
It is tough out there. Funding for fintech is falling across the globe. Effective strategy execution can prove to be a hard task. Especially in challenging environments where unpredictability and rapid change are the norms. Did you know that according to a recent survey by OKRmentors and Quantive, nearly...
After more than a year of recession predictions, some experts have backed off past forecasts and now embrace what's known as a "soft landing" for the economy. Even so, one financial advisor is stressing the importance of preparing for future stock market volatility.A soft landing could include an economic...
As the spend management space continues to get more competitive, the various players seem to be constantly iterating to add new features to their products. Today, fintech startup Brex announced it is moving in an unexpected direction with its travel offering while Mesh Payments said it’s expanding into travel in...
In this week’s edition of The Interchange, we touch on the resilience of BaaS in a sometimes messy fintech space, earnings highlights, and much more. If you want to receive this in your inbox every Sunday, sign up here. It’s hard to believe it but TechCrunch Disrupt — only one...
We didn’t think we’d see the day. Digital mortgage lender Better.com’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholders, the company confirmed today. According to a Securities and Exchange Commission (SEC) filing, Better.com will combine with Aurora, or go public, “on...
Djelics | E+ | Getty ImagesIncome-hungry investors have long flocked to mortgage-backed real estate investment trusts — and why not? Many of them pay a handsome, double-digit dividend. But such vehicles haven't done so well lately.That's because when interest rates rise and yields balloon, their valuations tend to suffer,...
There are more than 275 million cars on the road in the U.S.But in recent years, car ownership has gotten more expensive than ever — due to the Covid-19 pandemic, supply chain issues, stubborn inflation and the Federal Reserve's interest rate hikes."Outside of purchasing your first home, a new...