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As online purchases increase and consumers look for more ways to save due to Covid-19, buy-now-pay-later has accelerated in popularity.
Doug Bland, SVP, global credit, PayPal, says: "With Pay in 4, we're building on our history as the originator in the buy now, pay later...…
South Korea based operator of peer-to-peer payment service Toss raised $173m in new funding led by Sequoia Capital China.
“We are building a financial super app fundamentally innovating across every facet of consumer finance. We believe that this fundraising...…
On Monday, the operator of New Zealand’s stock exchange, NZX, suffered a massive cyberattack for a fifth consecutive trading day. Unlike...
Previously, to qualify as accredited investors, individuals need to have a net worth of at least $1m excluding the value of their primary...
San Francisco based digital banking startup that incorporates cash prizes raised $4.3m in Seed funding led by Accomplice, Bling Capital,...
Danish digital currency platform provider Coinify enabled payments of the Sygnum Bank issued stablecoin (DCHF) on a Swiss online...
Ant's evolution into the Alibaba of finance has been fueled by a desire to claw back customers who began using WeChat more as it...
Once people were using Alipay to stash their cash and pay for online purchases, Ant could begin offering them other kinds of services...
Know Your Money is the U.K.’s largest financial products comparison site serving some 5m consumers and 1.2m businesses. The acquisition...
Today, Ant is aiming for a valuation of $200b to $300b in a dual-listing in Hong Kong and Shanghai, although meetings with investors are...
The decision to approve or deny a transaction typically is made by the bank. But bank networks can crash because of natural disasters,...
Foundry, which has been operating below the radar since 2019, runs its own mining operations and also provides equipment and financing to...
Atlanta based provider of lending solutions for businesses raised $1.5m in Seed funding led by Fintech Ventures Fund.
Barclay Keith, CEO of Artis, commented, “Launching during the pandemic proved to be a challenge, but also allowed for time to focus on...…
The decision by the SEC could make direct listings a more popular alternative to the traditional IPO. With the NYSE’s new type of direct...
New York based identity verification startup raised $35m in new funding led by Sorenson Ventures.
“We are grateful to have had significant investor interest despite the current economic environment, and are proud to have taken less...…
Colombia based residential real estate marketplace with automated pricing tech raised $10m in Series A funding led by Inspired Capital.
The company currently covers all of Bogotá. It plans to use this fresh injection of capital to expand to Medellin this month and...…
We're incredibly excited to announce that we have invested in the $14m Series A financing round in Fondeadora. Fondeadora is building the...
Sweden based open banking platform raised €3m in second round of Seed funding led by Industrifonden.
Kjellin says that while he believes Big Techs will have a big impact on the financial industry, they will require fintechs to partner...…
Washington based app-based banking startup targeting teens raised $4.3m in Seed funding led by PSL Ventures.
“We founded Copper to teach teens the fundamentals of money to keep them out of debt, afford the things they want, and ultimately set...…
Citi mistakenly sent $900m to a fleet of hedge funds reluctant to return it. While human error is mainly at fault, their use of arcane...
For more than a decade, Bitcoin supporters have touted it as decentralized form of money overseen by blockchain software rather than a...
San Francisco based payment infrastructure platform raised $30m in a Series B extension round led by Lightspeed Venture Partners and...
The $150m acquisition by FTX is to launch a simpler trading experience for retail investors and involves a combination of cash,...
U.K. online money transfer company, World Remit, is buying Africa-focused, app-based remittance firm Sendwave. The combined company will...
With a market capitalisation of $19.8b, Afterpay is looking to Europe for its next expansion move. It will cost the fintech company €50m...
Goldman launched its digital challenger – which offers personal loans and savings services – back in 2018. The bank had to pause savings...
The vote caps months of wrangling between Third Point and the private equity owners of Global Blue, which Far Point had agreed to acquire...
Quorum, which will remain open-source, is being used by the bank to run the Interbank Information Network, a payments network that...
Seattle based provider of automated budgeting tools raised $4.9m in seed funding led by Madrona Venture Group.
“Continuous budgeting is an important evolution of the traditional budgeting workflow, as it leverages access to real-time data in order...…
The shake-up was prompted by Apple’s decision to enact a 4-for-1 stock split, which would significantly reduce the benchmark’s exposure...
The CMA said it took into account a broad spectrum of evidence, such as internal documents and input from different rivals, clients and...
A new working paper from the Bank of International Settlements shows that the pandemic has led to increased interest among central banks...
San Francisco based community platform for retail investors raised $9.7m in Seed funding led by Floodgate and QED Investors.
“We are at the start of a massive explosion of investing,” McDonough told Crunchbase News. “Investing has gone fully mainstream, but now...…
India's real-time digital payments system, United Payments Interface (UPI) has been championed by many nations and institutions for its...
Traditional BNPL loans from main street banks have relatively been concentrated in installment lending at POS for large ticket, in-store...
The 14-year-old company struggled to meet the expectations that accompanied its 2014 initial public offering, recording $94.5 million in...
According to a recent report from the data provider dv01, impaired marketplace loans — those that have fallen behind on payments or...
Chinese fintech firm Ant Group is targeting a $225b valuation for dual listings in Hong Kong and Shanghai in what would be the biggest...
Cash App is giving select users a way to get short-term loans. The company said it’s only testing the feature with around 1,000 users for...
Aave, a non-custodial lending and borrowing protocol, has become the second DeFi protocol to hit that milestone, which means Aave users...
Mastercard has agreed with HSBC's First Direct to provide debit cards to the retail bank's 1.5m current account customers from next year....
Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of...
Barclays is reporting a 66% increase in scams for the first six month of this year, as criminals take advantage of lockdown pressures to...
Disgraced German payment group Wirecard has found a buyer for its UK division in competitor Railsbank. Wirecard Card Solutions once...
Mexico City based conversational commerce platform raised $15m in Series B funding led by B Capital Group.
“With Coca-Cola, we started in Brazil and we helped them run their commerce when it comes to talking with small mom-and-pop shops,” says...…
Conventional wisdom says it takes about two months to form a new habit, and since the pandemic is unlikely to subside until 2021, U.S....
We're incredibly excited to announce that we have invested in the €14m Series-A financing round in IMMO. IMMO is building the real estate...
A new coalition composed of leading fintech companies have announced that they will work together to actively fight inequality within the...
London based platform for real estate agents and buyers raised $3.5m in Seed funding led by Barclays.
The company intends to use the funds to accelerate international expansion and further develop its transaction infrastructure platform...…
Jersey City-based financial services company developing products for cryptocurrencies raised $50m in Series C funding led by Morgan Creek...
Beijing based online insurtech platform raised $230m in new funding led by Swiss Re and Tencent.
The insurance business, with 120 million unique policy holders, reported a total written premium of $865 million in the first half of...…
Buy now, pay later (BNPL) point-of-sale credit is such a productive lending model that giant financial brands are getting into the act,...
Courtney McColgan shares her key learnings thus far and how COVID-19 has allowed Runa time to invest in improving its product, building...
Portfolio company Rebel has proved to address key pain points for Brazilians: High interest rates, clumsy and bureaucratic loan...
New York based residential sale-leaseback company raised $5m in additional Series B funding from Viola FinTech.
“One of the greatest promises of PropTech is that it enables not only digital transformation of the real estate transaction but more...…
Iowa based open source embedded banking platform raised $5.5m in seed funding led by Bain Capital Ventures.
Speaking about the platform’s development, Wade Arnold, Founder and CEO of Moov, stated: “Seamless banking services have become a...…
The years after the last global financial crisis proved the perfect era to launch a US online fintech lender. The concept remains...
London based cloud-based payment processor raised $33m from Lloyds Banking Group, Nationwide Building Society and VC 83North.
“The big trend is that cloud-native solutions are now becoming part of almost every core strategy for managing mission critical...…
India mobile-first credit card raised $10m in Series A funding led by Matrix Partners India, Sequoia Capital India and Hummingbird Ventures.
“Their powerful, proprietary in-house tech-stack will define the future of digital consumer credit in India and this conviction has led...…
Amex says it has “millions” of small business customers and the addition of Kabbage's loan and other financial services tools signifies...
Palo Alto based stock trading platform raised $200m in Series G funding led by D1 Partners.
A $2.6b bump in vlauation in about a month is an impressive result, one that points to an inescapable conclusion: Robinhood is still...…
Portfolio company Antler is thrilled about the launch of its second cohort in Norway with 50 exceptional entrepreneurs. Look out for...
After Tesla and Apple announced plans to split their shares within weeks of each another, there has been a growing buzz that more...
Fannie Mae and Freddie Mac, which back nearly half of the $11 trillion U.S. mortgage market, said late Wednesday that they would begin...
The pandemic has accelerated contactless usage, including in the U.S. Visa and Mastercard reported 40% year-over-year global growth for...
Chicago based home insurance technology company raised $35m in Series B funding led by Commerce Ventures.
“We believe in creating meaningful change for homeowners who need our solution the most,” Sean Harper, Kin’s CEO and co-founder, said in...…
New York based financial planning software raised $5m in Seed financing led by Bonfire Ventures.
What Cube does is collect information from a company’s general ledger (think Quickbooks), CRM (say, Salesforce), and HRIS (ADP, perhaps)...…
UK based digital mortgage startup raised £35m in Series C financing led by Augmentum Fintech, SBI Group and mojo.capital.
Daniel Hegarty, CEO and founder of Habito comments: “At Habito, we’re on a mission to make mortgages easier for anyone who wants to own a...…
In an open letter released earlier this month, 30 employees leading the charge said that trust and confidence in management was “at an...
San Jose based employer-sponsored earned wage access and holistic financial wellness platform raised $100m in Series C funding led by...
These countries have seen the biggest increase in crypto wallet creation based on data from Blockchain.com. Nigeria has trended the most...
The company has not only seen drastic revenue growth, it is also expanding into new markets and growing its team aggressively, now...
Stone plans $1 billion share offer to finance the acquisition. Shares of both companies surged Tuesday on tie-up talks.
Payments processor StoneCo Ltd., which counts Warren Buffett among its top investors, said it signed a definitive agreement to combine...…
Libra cryptocurrency co-creator David Marcus wil lead the new group, with former UpWork CEO Stephane Kasriel joining as payments VP.
Called F2 internally, short for Facebook Financial, the team will run all payments projects, including Facebook Pay, the company’s...…
Chicago based trucking insurance startup raised $16m in Series A funding led by 8VC and Munich Re Ventures.
“We are rebuilding the insurance company from the ground up with advanced data and technology that incumbents have trouble availing...…
In a world where passive investing rules the stock market, a drop of weight in indexes like the Dow Average is likely to prompt outflows...
The split changes nothing fundamental about the stock. It lowers the cost of an individual share. That may appear attractive to retail...
One of the most discussed trends in markets this year has been individual investors' renewed embrace of stocks, fueled in part by...
Tel Aviv based data-and-connectivity platform for mobility insurance products raised $6m in Series A funding led by MS&AD Ventures.
“The digital revolution is sweeping industries across the board, and the insurance industry is no exception,” said Moshe Pinto, CEO and...…
Washington D.C. based flexible rental payments platform raised $8m in Seed funding led by Route 66 Ventures, MetaProp and NextGen Venture...
San Francisco based digital lending company raised $75m in Series F funding led by Canapi Ventures.
“We’re seeing banks accelerate their move to digital from what was three to five years to months now,” Jeffrey Reitman, a partner at...…
It is part of a broader effort to wire everyday gadgets to the web to encourage consumer purchases and gather data. This technology has...
Singapore based invoice trading platform raised $20m in Series A funding led by Sequoia India.
“The impact is acute in high-growth Asia where SMEs — which account for more than 95% of all businesses and provide two out of three...…
San Francisco based marketplace connecting successful small businesses with everyday investors through small business bonds raised $2.5m...
The CFO role would be a crucial spot to fill ahead of a public offering. Despite its ballooning growth and valuation, Stripe co-founder...
Unlike traditional futures contracts, where buyers and sellers are obligated to execute the deal on a set date regardless of the current...
MicroStrategy, a Nasdaq-listed software firm worth over $1.2b, said the cryptocurrency provided a "reasonable hedge against inflation"....
Blockchain-based Service Network (BSN), the country's blockchain project now features integrations with Ethereum, EOS, Nervos, Tezos, NEO...
Increased issuance and adoption of crypto debit cards are coming at a time when major card networks are focusing on digitizing...
Venture capitalists and other investors have poured capital into fintech startups around the world in recent years, including a record...
The all-cash deal could see AmEx paying as much as $850m for the closely held lender, including retention payments and would make AmEx a...
Stripe has poached General Motors’ chief financial officer Dhivya Suryadevara. Hundreds of thousands of new businesses have signed up for...
New York City based bond trading platform raised $200m in new funding led by Dragoneer.
“We are convinced that bond trading is on the verge of a dramatic shift towards electronic trading, which will drive greater liquidity...…
London based provider of cross-border payments for businesses raised $8.65m in Series A funding led by Octopus Ventures.
“Cross border payments are still largely inefficient, especially for businesses,” explains McGriskin. “They can be slow and expensive,...…
This is the latest step in a companywide effort to bring Facebook’s individual products and apps closer together. The belief is that if...
FinTech is rapidly transforming the financial services industry. It’s one of the fastest-growing areas of global business, and new...
While the Fed has provided payment and settlement services to the financial system since its founding more than a century ago, FedNow...
San Francisco based B2B payments company raised $12m in Series A funding from Y Combinator, Founders Co-Op, Lee Fixel, Box Group, and...
The Toronto-based bank, which serves more than 17 million customers in over 30 countries, has 1,000-plus AI models for jobs like fraud...
Grab, the Singapore-based company, will roll out a micro-investment product called AutoInvest that allows users to set aside as little as...
When the power is out, Wall Street heads to the local library. One enterprising trader set up his desk with two monitors at a picnic...
The market for new-issue debt still relies on phone calls, instant messaging and emails to handle billions of dollars in orders and is...
Fans of “complementary currency” are betting that this Depression-era idea for keeping towns alive by printing local money can prove its...
It works like this; the app breaks down how different divisions of companies perform relative to peers, showing how they can grow through...
Quicken Loans rose to become the country’s largest mortgage lender in recent years following the debut of Rocket Mortgage, its digital...
Fellow Seattle real estate giant Redfin also beat estimates for its quarterly earnings last week as the U.S. housing market rebounds....
The housing market has been one of the few areas to show continued strength in the recovery from the coronavirus pandemic recession....
China's antitrust agency is pondering an investigation into Alipay and WeChat Pay after the country's central bank raised concerns about...
The bank made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of...
More than 40% of annual U.S. mortgage originations are processed using Ellie Mae software. That gives Ellie Mae insight into trends such...
San Francisco based insurance technology company raised $6m in Series A funding led by ManchesterStory along with ValueStream Ventures...
Colorado based Bitcoin security service provider now allows customers to hold their own bitcoin following a popular trend of self-custody...
London based account aggregation and personal financial management service raised £5.5m in Seed funding.
sync. already has 37,000 registered users on the platform, a number which Lee hopes will grow quickly now that the product has launched...…
Indonesia based bill payment startup raised $5m in pre-Series B funding from BRI Ventures, Kakaku, and Brama One Ventures.
The firm aims to drive financial inclusion in Indonesia. According to the country’s data, 63% of Indonesia’s rural residents were aware...…
Grab, the Singapore-founded car share turned super app, is further reinforcing its position in the financial services sector with a...
New York City based online market intelligence platform focused on fixed income and emerging markets news raised $5.8m in funding led by...
New York based platform to help financial institutions move money and predict funds availability raised $5.2m in Seed funding led by...
Portfolio company MoneyLion's Ryan Finneran featured in Wharton Fintech podcast alongside Ed Robinson - president & co-founder of...
The new digital banking solution drives greater financial inclusion. RoarMoney is designed to meet consumers' financial needs now and as...
Potfolio company Runa's CEO - Courtney McColgan - featured among the top female leaders disrupting gender inequality in a traditionally...
The IPO pricing and deal size suggest Rocket struggled to convince investors its mortgage platform business justified a valuation...
Shares of Square soared on Tuesday evening after posting better-than-expected quarterly results (64% jump in revenue) and strong growth...
New York based global payment platform that enables shoppers to pay installments via their credit cards raised $71.5m in a private...
Madrid, Spain based challenger bank raised $13m in additional Series A funding led by DN Capital, Redalpine Venture Partners, and...
San Francisco based AI-powered accounting and bookkeeping service for property managers raised $4.8m in Seed funding led by MetaProp.
“Admittedly, property accounting doesn’t sound like a very sexy opportunity for disrupting a global market,” said Proper Founder and CEO...…
Redwood City, California based platform for independent landlords to manage finances raised $10.5m in Seed funding led by Canaan Partners.
“If you talk to these independent landlords, what they can tell you is that they spend an inordinate amount of time just staying...…
Vienna, Austria based RegTech platform for anti-money laundering and business know-your-customer raised €6m in new funding led by Fairway...
U.K. based payroll provider raised $35m in growth funding led by Runway Growth Capital.
Paul Bartlett, CloudPay's CEO, commented, "We are very excited by our momentum, in terms of both revenue growth and enhancements to our...…
The Mountain View, California based company will integrate TradeGecko’s system into its QuickBooks accounting suite to help sellers...
News of Google's big move into banking and personal finance through an effort known internally as “Project Cache” was first reported in...
Possible bidders include financial institutions and technology companies; no private-equity investors have emerged among the interested...
Japanese payments and e-commerce platform raised an undisclosed amount of Series E funding led by Bain Capital Tech Opportunities.
Japan has seen a boost in interest for cashless payments and eCommerce as of late. Those things have not traditionally been popular in...…
U.K. based tax preparation startup raised £5m in Series A funding led by Octopus Ventures.
Mart Abramov, co-founder and CEO of TaxScouts, comments: “We see a huge amount of potential in launching TaxScouts into Spain. Naturally,...…
Jersey City, N.J based insurer for ride-hail drivers and other gig economy workers raised $31m in Series A funding co-led by Eos Venture...
RateSetter, founded in 2010, has originated £4b of lending over 750k people have invested or borrowed through the platform. For FY 2019,...
Jersey City, New Jersey based cloud-based payments and financial messaging provider raised $35m in growth funding led by Wavecrest Growth...
Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an...
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