Stronghold launches $100M venture arm to invest in underrepresented founders and fintech – TechCrunch

Payments infrastructure company Stronghold has launched a venture capital arm to deploy $100 million of its balance sheet capital in startups and funds in three core strategies — underrepresented founders, fintech, and web3, CEO Tammy Camp told TechCrunch in an interview. Stronghold offers a suite of fintech and blockchain APIs and services, including embedded payments,…

Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact – TechCrunch

Contact Financial Holding, Egypt’s non-bank consumer finance provider, has invested $9 million in the country’s ecommerce super-app Wasla, setting the stage for the rollout of new online shopping capabilities, products and regional expansion. Contact has been in the business of consumer finance since 2001, while Wasla was founded in 2018 by former Serag Meneassy and…

MindFi gets $2M seed to create localized mental wellness programs for APAC markets – TechCrunch

Mental wellness startup MindFi operates throughout APAC, but wants to deliver “culturally competent” care in each of its markets. To do that, it develops programs for its app, available as an employee benefit, with local providers that take into account religion, gender stereotypes, racial representation, communication style and values, co-founder and CEO Bjorn Lee told…