What the heck happened at fintech Bench?

Quick Summary:

Welcome to TechCrunch Fintech! It’s good to be back.  This week, we’re looking at the wild ride that was Bench’s shutdown and acquisition; dozens of companies that are hiring in the fintech space; lawsuits against PayPal; an IPO update; and more!

In this deep dive, TechCrunch’s Charles Rollet breaks down the details of what led to Bench’s shutdown and just who swooped in to buy this fintech, which was backed by the likes of Shopify and Bain Capital Ventures.

And, Tage Kene-Okafor wrote about how Africa’s tech ecosystem recently got a boost of attention, with South Africa’s TymeBank and Nigeria’s Moniepoint both raising funds in recent weeks at valuations of over $1 billion, joining the coveted unicorn pantheon.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Technology

Markets: United StatesIndiaNigerNigeriaSouth AfricaUzbekistan

Topics: TechCrunch Fintech Fintech Bench

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 18:05:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 734 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24963171

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