'Send now, pay later' startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund
by TechCrunch
TechCrunch— Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has exclusively learned. Additionally, the company is announcing a $75 million expansion of its warehouse facility. Founders Fund and A Capital also participated in the financing, along with […] © 2024 TechCrunch. All rights reserved. For personal use only.
TechCrunch—Campus, a community college startup, receives $23M Series A extension led by Founders Fund. Although many students in the United States enter community colleges intending to transfer to four-year universities, only 16% of those students receive bachelor’s degrees within six years. But Campus, an online alternative to traditional community colleges, has an approach that aims to change that. Many adjunct professors at the nation’s top universities, including UCLA, Princeton […] © 2024 TechCrunch. All rights reserved. For personal use only.
International Business Times UK—'Is That Where We're at Now? Financing Bread and Milk?': Using Klarna's 'Buy Now, Pay Later' for Groceries. A Reddit user expressed shock in a post after finding out he could pay for milk and bread in instalments. Financing for milk and bread? Yes, you read that right—Klarna's "Shop Now Pay Later" app allows you to buy groceries and shop for almost anything from top brands across the globe, such as Nike, Instacart, Prada, Temu, Yeti, and Prada.However, credit for daily essentials could tempt people to get trapped in repayments, interest payments, and penalties, according to the Redditor. The person...
ETtech.com—startup funding: ETtech Deals Digest: Startup funding falls 30% on year to $73 million this week. Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...