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Welcome toTechCrunch Fintech ! This week , we ’re look at a new actual demesne startup that ’s making gravid waves with its offering , Klarna and Affirm ’s financials , a neobank focus on immigrants that ’s grow tight , and more !
The big story
There ’s a whole lot of fintech in the material estate macrocosm . And last week , I get under one’s skin the scoop on a new startup calledLandianthatemerged from stealthto take reward of late rule changes touch on to real land commissions . In fact , one of its co - founders is also one of the multitude who successfully litigate the National Association of Realtors ( NAR ) to aid facilitate those changes . purchaser have the option to devote à la carte for Landian ’s offering : $ 49 for each family tour and $ 199 for an whirl homework session or they can commit to paying a flat fee of $ 1,799 for up to five nursing home duty tour and two offer prep sessions . Digital brokerageRedfinhad some thoughts about the flat fee example , which you could record abouthere .
Analysis of the week
Buy now , pay later playersKlarnaandAffirmshared their latest financials last week , and both had pretty impressive results . Affirmblew away analysts ’ expectationsof a loss per share of 51 cents by notching a exit of 14 penny per part . Its revenue was up 48 % year - over - year to $ 659 million U.S. , which was also above analyst ’ estimates . Itsstocksurged on the execution , closing August 30 at $ 44.01 a portion , up significantly from the $ 31.58 it had close just two days prior . Meanwhile , Klarna tell TechCrunch its tax income increased 27 % in the first half of 2024 while set operating expense remained vapid . In other Klarna news , Klarna ’s board is mull over over the remotion of Mikael Walther , “ a confidant of founding spouse Victor Jacobsson , ” agree to theFinancial Times .
Dollars and cents
Comun , a digital depository financial institution focused on serve immigrant in the United States , has raise $ 21.5 million in a Series A funding bout less than nine calendar month after announcing a$4.5 million raise , TechCrunch was the first to report . The company is spring up fast and says its valuation is up 50 % . The startup relinquish its first product in October 2022 using BaaS ( banking - as - a - service ) middleware . But the co - laminitis decided that it made more sensory faculty to own their own base and resolve to build it out . By November 2023 , Comun had launch a unexampled programme with Community Federal Savings Bank as a pardner .
Read morehere .
What else we’re seeing
inventory - trading startupPublichas acquired the brokerage accounts ofCarta ’s secondaries job , TechCrunch support . Carta , best jazz for its cap board direction software , sit on a stockpile of data point . It tried to expand intothe belch hot secondary marketplacebrokerage business , but in January , a startup customer publicly accuse Cartaof using the startup ’s individual jacket table datum to come on its shareholders in social club to broker a sale without the startup ’s knowledge . That allegation run short viral and scared many of Carta ’s customers , who threatened to leave . Clarence Shepard Day Jr. later , Carta announced that it was give up this business . In an emailed command to TechCrunch , Public said the customers of Carta Capital Markets who it acquired have a right to choose out . Meanwhile , Carta says it is n’t out of the secondary business organisation altogether . Morehere .
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The Bolt saga continues . One ofBolt ’s proposed new backers , The London Fund , has been scrubbing its web page . Headhereto get a line why .
And even more Bolt newshere .
High-interest headlines
MoneyThumb assume , Ryan Campbell hold over as CEO , and what to expect
Synctera partner with Marqeta to inaugurate Fleet card
PayPal join group investing $ 15 megabyte in Brazilian startup
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