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WhatsApp Names New Chief, Meta Invests $900M in CRED
WhatsApp gets a new boss, as Will Cathcart moves to a new role at Meta, while Shah steps down as CEO of Indian fintech giant CRED to replace Cathcart.
Ramp's $750M Raise Boosts Valuation to $44B with AI Focus
Ramp has nearly tripled its valuation over the past year as investors scramble to grab a part of the fast-growing startup.
Kevin Hartz’s A* Raises $450M for AI, Fintech, and Healthcare
The firm takes a generalist approach, backing companies across categories such as AI applications, fintech, healthcare, and security. The average check size for this fund will be between $3 million and $5 million, with the aim to back at least 30 startups.
Parker Fintech Startup Files for Bankruptcy
Parker, a well-funded startup offering corporate credit cards and banking services, has filed for bankruptcy and is widely reported to have shut down.
Skio's $105M Exit: AI Fintech Success Story
Subscription billing fintech Skio sold to its competitor Recharge in what was a healthy exit, according to its founder and former CEO.
Amazon, Meta Challenge Google Pay, PhonePe in India's UPI Market
PhonePe and Google Pay command 80% of India's UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.