Tracking Klarna’s plunging valuation

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest...

Amid real estate tech industry layoffs, HomeLight raises $60M and acquires lending startup Accept.inc

Just days after publicly traded real estate tech companies Redfin and Compass laid off a combined 900-plus employees, another proptech — HomeLight — is announcing that it has secured $60 million in capital and $55 million in debt financing. HomeLight’s...

Middesk raises $57M to automate business verification and underwriting

Middesk, a platform designed to automate business verification and underwriting decisions, today announced that it raised $57 million in a Series B round co-led by Insight Partners and Canapi Ventures with participation from Sequoia, Accel, and Gaingels. Co-founder...

Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report, only 11% of Africa’s population have their credit information recorded by private credit bureaus. And for those who...