Industry News
Crypto platform Vauld suspends withdrawals, trading and deposits amid financial challenges
Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits on its eponymous platform with immediate effect as it navigates “financial challenges,” it said Monday. The startup — which counts Peter Thiel-backed Valar Ventures, Coinbase Ventures and Pantera Capital among its backers and has raised about $27 million — said it […]
Juragan Material is simplifying Indonesia’s complicated construction supply chain
Indonesia’s construction industry is large and growing quickly, but a lot of supply procurement is still done the old-fashioned way, through phone calls and text messages. Juragan Material wants to make things easier with a B2B marketplace for building materials from curated suppliers. The company announced today it has raised $4 million in seed funding […]
PINA offers wealth management for Indonesia’s growing middle- to upper-class
While many of Indonesia’s investment apps are focused on hooking first-time investors with low fees and starting deposits, PINA is targeting the middle-to-upper classes with wealth management services. The app announced today that it has raised $3 million in seed funding from AC Ventures, Vibe.VC and Y Combinator, with participation from XA Network. The company […]
Despite crypto ban, China’s tech talent rides the global web3 wave
Despite China’s sweeping bans on cryptocurrencies, domestic web3 talent is quietly flourishing, with many venturing beyond the country’s border. From offering crypto derivative products to to making NFT games, Chinese web3 entrepreneurs’ footprint is far-reaching worldwide. We spoke to a dozen Chinese founders and investors to find out how this group is trying to build […]
Without a clear ask, your pitch deck is useless
Having a great “ask” slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.
Equity crowdfunding appears immune to market volatility, on track for its best year yet
With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.
Tracking Klarna’s plunging valuation
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of […]
The 2022 McLaren GT is a fresh take on a classic recipe
There’s a reason the term “daily driver sports car” exists. It’s because typically, purpose-built performance cars suffer from an inherent lack of usability: they’re loud, uncomfortable and they require pristine driving conditions. What’s more, they’re often bereft of the accessories we’ve grown used to, and when they’re included, they’re usually subpar. These might sound like […]
Tech doesn’t get more full circle than this
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends.