India’s Razorpay launches corporate credit cards, current accounts support in major neo banking push

India’s Razorpay, one of the largest payments processing firms in the country, today announced a range of new services aimed at startups, businesses, merchants and freelancers as the Bangalore-based firm expands the reach of its financial platform in the nation.

The startup, which raised $75 million from Ribbit Capital and others in June this year, today introduced a new kind of corporate credit card and some banking services for startups and SMEs, and a new payment option for individuals to quickly receive money from their clients.

Hype & Vice, A Y Combinator Collegiate Apparel Startup, Raises $1.5M From Founders Fund To Create Women’s Sportswear

College apparel is an integral part of how students express their pride for their universities and unique identities. However, university-branded clothing is not designed or reflective of women’s taste in fashion, as most sizes and designs are based on the average male body size. Cecilia Gonzalez, 25, and Kimberly Robles, 26, have started Hype and Vice (H&V) to create “cute, trendy, and fashionable” university clothing for women to wear on any occasion. The Los Angeles-based startup has successfully raised $1.5 million in a seed round led by Founders Fund’s Delian Asparouhov, with participation from Soma Capital, USC Marshall Venture Fund, and angel investors such as Jessica Livingston (co-founder of Y Combinator).

Eight Sleep Raises $40 Million To Make Slumber A Medical Solution

Eight Sleep wants hitting the pillow to be the equivalent of hitting the doctor’s office. The company, founded in 2014 by husband-wife duo Alexandra Zatarain (VP of Brand & Marketing) and Matteo Franceschetti (CEO) as well as Massimo Adreasi Bassi (CTO), makes high-tech mattresses and sleep products to turn bedtime into recovery time—filled with healthcare insights and analytics–with hope of sleep quality translating to life quality. Forbes is the first to report the company’s $40 million growth funding round, which brings their total funding to $65 million. This round was led by Founders Fund and joined by Khosla Ventures, Y Combinator, Craft Ventures, 8VC, Flexport Founder Ryan Petersen and Eventbrite Cofounder and Chairman Kevin Hartz.

“We’re a sleep-fitness company. The night is a moment for you to recharge and really wake up at your peak,” 38-year-old CEO and cofounder Franceschetti

Brazilian Mobility Startup Kovi Raises $30M Series A From Global Investors

Kovi, a fast-growing 17-month-old Brazilian mobility startup, has raised a $30 million Series A led by Global Founders Capital.

New investor Quona Capital and existing investors MonasheesMaya CapitalAccel partner Kevin EfrusyY Combinator, Broadhaven Ventures, Tinder founder Justin Mateen and ONEVC also participated in the financing, which brings Kovi’s total raised since its inception to $40.6 million.

Founded in 2018 by two former 99 (Brazil’s first tech unicorn) executives, São Paulo-based Kovi rents vehicles to on-demand drivers who work for ride-hailing companies such as Uber, Didi and Lyft. It operates under the premise that more people in Latin America would work for these companies if they could afford to operate the necessary vehicle. Less than half the population in Brazil own a car. Also, cars are significantly more expensive in countries like Brazil than in the U.S. and the difference is even greater when it comes to the average income of the population. Kovi gives drivers who don’t necessarily want, or cannot afford, to own a vehicle “quick access to quality cars” at what it says is “a fair price”