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Latest Results from /startups

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Sam Altman's Worldcoin project raises $115m

Sam Altman's Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.

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Klarna halves losses, expects a return to profit

Klarna is on track to return to profit before the end of 2023, as the company’s first quarter results show the fintech has halved its losses.

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Monzo founder Blomfield joins Y Combinator

Monzo founder Tom Blomfield has joined startup accelerator and venture capital firm Y Combinator as a group partner.

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Plenty launches fintech platform for millennial couples

Plenty, a financial platform that helps couples discuss, manage and invest their money, has raised $2.75 million in pre-seed capital.

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QED raises almost $1 billion for fintech funding

Global fintech venture capital firm QED Investors has closed two new funds with combined capital commitments of $925 million.

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LGBTQ+ banking startup Daylight shuts down

Daylight, a digital banking app built for America's LGBTQ+ community, is shutting down weeks after three former employees filed a lawsuit against the startup.

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Revolut faces reported rejection for a UK banking license

The Bank of England is planning to reject Revolut’s long-standing application for a banking license in the UK, according to the Telegraph.

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GoHenry’s co-founder & COO on keeping course under acquisition and expansion

Louise Hill, co-founder & COO of the children’s financial education app, GoHenry, recently sat down with Finextra to discuss developing financial resilience at a young age and their recent acquisition.

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RegTech startup Amlyze snags $1 million pre-seed investment

Vilnius-based RegTech startup Amlyze, has concluded a $1 million pre-seed investment round led by Practica Capital, with participation from Lithuania's Firstpick accelerator and venture capital fund.

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BofA launches fintech accelerator

Bank of America is launching a fintech accelerator that aims to attract entrepreneurs from underrepresented communities.

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Group payments startup Hands-In raises $550k

Hands-In, a payments startup that lets groups split the cost a basket at online checkouts, has raised $550,000 from a host of industry players.

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FinTech Scotland doubles-down on data to invigorate fintech

Nicola Anderson, CEO of Fintech Scotland, discussed the developments at the organisation and future developments in the Scottish fintech sector.