With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises M to bridge the gap

With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap

While digitization has transformed banking for Indian consumers, corporate banking has been left in the slow lane — still relying heavily on clunky infrastructure, paper trails, and spreadsheet-heavy workflows. TransBnk wants to address that gap, and Bessemer Venture Partners has invested in the three-year-old startup in a $25 million round to accelerate its progress. Over…

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Aspiration co-founder to plead guilty to 8M fraud scheme

Aspiration co-founder to plead guilty to $248M fraud scheme

Sustainability-focused fintech Aspiration was flying high a few years ago, attracting famous investors including Orlando Bloom, Leonardo DiCaprio, and Robert Downey Jr. Now, its co-founder will plead guilty to helping perpetuate a $248 million fraud scheme, according to U.S. attorneys. Joseph Sanberg, who was arrested in March, has agreed to plead guilty to two counts…

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