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Welcome to TechCrunch Fintech! This week we’re looking at One Zero potentially raising $100 million, expanding Apple Pay to support loan options, and another way Stripe is making cryptocurrency a big priority for its business.
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The big story
One Zero, a fintech startup with the lofty goal of “bringing private banking to the masses,” is on track to raise at least $100 million, TechCrunch has learned.
One Zero, founded by Mobileye CEO Amnon Shashua, hasn’t received as much attention outside its home market of Israel, but the company has raised about $242 million to date. According to PitchBook data, the company was valued at $320 million in 2023 – and our sources say the valuation will be much higher in the next round. While it is unclear who is investing, previous backers include Tencent, OurCrowd, and SBI Ventures.
Analysis of the week
Apple Pay is celebrating its 10th birthday With easier ways to pay later. In addition to supporting loan options from Affirm in the US and Monzo Flex in the UK, the company announced that support for Klarna will begin in those countries, with expanded loan options to come. These changes come on the heels of Apple’s decision to roll back plans for its “buy now, pay later” service, Apple Pay Later.
There are a lot of tech tools for small businesses to choose from in order to make smart decisions, but Uprise is looking to simplify it all. The startup acts as a financial advisor to small and medium-sized businesses (SMBs) by integrating itself into the financial services products they already use and making recommendations to businesses on what they should do.
Indian Stock Trading and Mutual Fund Startup Groww It recently paid $159.4 million in taxes as it moved its domestic base from the US to India. Nearly a dozen Indian startups are relocating their headquarters to better comply with Indian laws and facilitate initial public offerings in the country.
Dollars and cents
Stripe is in talks to acquire stablecoin platform Bridge For $1 billion, according to Forbes, Stripe continues to make cryptocurrencies a big priority for the company. The talks have reportedly reached advanced stages, although nothing has been finalized.
French cyber insurance startup Stoïk The second round of financing raised €25 million (about $27 million at current exchange rates). Stoïk’s cybersecurity insurance product is designed specifically for small and medium-sized businesses, as the company focuses exclusively on selling its products to European countries rather than those in the US.
High interest headlines 🗞
Interface.ai raises $30 million to help banks fulfill customer demands
RBI orders Sachin Bansal’s Navi to stop loans
Concourse builds artificial intelligence to automate financial tasks
Rerail is a new fintech-focused angel fund from Cocoa’s Anthony Danone
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