Fintech
Read the latest news and coverage of fintech, which stands for “financial technology,” focusing on everything from disruptor banks and innovations at established financial institutions to expense management startups, P2P payment services, checkout tools and the technologies that enable them.
Former teen model co-created app Frich to help Gen Z be more realistic about finances
As a teen model, Katrin Kaurov became financially independent at a young age. Aleksandra Medina, whom she met at NYU Abu Dhabi, also learned to manage money early on. The…
Fintech startup Forward grabs $16M to take on Stripe, lead future of integrated payments
It’s a lofty goal to take on legacy payments infrastructure, however, Forward’s model has an advantage by shifting the economics back to SaaS companies.
With JioFinance, the Indian tycoon Mukesh Ambani is making his boldest consumer-facing move yet into financial services.
Romanian startup FintechOS raises $60M to help old banks fight back against neobanks
FintechOS competes with other companies such as Ncino, Meridian Link, Abrigo and Backbase.
Germany’s financial regulator ends anti-money laundering cap on N26 signups after $10M fine
After the Wirecard scandal, Germany’s financial regulator BaFin started to look more closely at young fintech startups that wanted to grow at a rapid pace — it’s better to be…
Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank…
Bootstrapped for over a decade, this Dallas company just secured $110M to help people pay bills by text
Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, has secured $110 million in new growth funding. Edison…
The demise of BaaS fintech Synapse could derail the funding prospects for other startups in the space
Welcome to TechCrunch Fintech! This week, we’re looking at the long-term implications of Synapse’s bankruptcy on the fintech sector, Majority’s impressive ARR milestone, and more! To get a roundup of…
Félix Pago raises $15.5 million to help Latino workers send money home via WhatsApp
Remittances from workers in the U.S. to their families and friends in Latin America amounted to $155 billion in 2023. With such a huge opportunity, banks, money transfer companies, retailers,…
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More neobanks are becoming mobile networks — and Nubank wants a piece of the action
Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an eSIM (embedded SIM) service for travelers. The service will give customers access to 10GB of free roaming internet in more than 40 countries without having to switch out their own existing physical SIM card or…
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Synapse, backed by a16z, has collapsed, and 10M consumers could be hurt
Synapse’s bankruptcy shows just how treacherous things are for the often-interdependent fintech world when one key player hits trouble.
Peter Thiel-founded Valar Ventures raised a $300 million fund, half the size of its last one
The perception in Silicon Valley is that every investor would love to be in business with Peter Thiel. But the venture capital fundraising environment has become so difficult that even…
The changes are designed to enhance the consumer experience of using Google Pay and make it a more competitive option against other payment methods.
Immigrant banking platform Majority secures $20M following 3x revenue growth
For a $5.99 per month, immigrants have a bank account and debit card with fee-free international money transfers and discounted international calling.
Paytm, a leading financial services firm in India, said its net loss widened in the fourth quarter as it grappled with a regulatory clampdown.
Teen fintech Copper had to abruptly discontinue its banking, debit products
Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on…
Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much more! To get a roundup of…
Meta, Match, Coinbase and others team up to fight online fraud and crypto scams
The new coalition, Tech Against Scams, will work together to find ways to fight back against the tools used by scammers and to better educate the public against financial scams.
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion
London-based fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR.
Fintech lender SoLo Funds is being sued by the government over its lending practices
SoLo Funds CEO Travis Holoway: “Regulators seem driven by press releases when they should be motivated by true consumer protection and empowering equitable solutions.”
Embedded finance is still trendy as accounting automation startup Ember partners with HSBC UK
Ember has partnered with HSBC in the U.K. so that the bank’s business customers can access Ember’s services from their online accounts.
Kudos lands $10M for an AI smart wallet that picks the best credit card for purchases
Kudos uses AI to figure out consumer spending habits so it can then provide more personalized financial advice, like maximizing rewards and utilizing credit effectively.
A US Trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’
The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after a United States Trustee filed an emergency motion on Wednesday. The trustee is asking…
Bolt founder Ryan Breslow wants to settle an investor lawsuit by returning $37 million worth of shares
The investor lawsuit is related to Bolt securing a $30 million personal loan to Ryan Breslow, which was later defaulted on.
Cannabis industry and gaming payments startup Aeropay is now offering an alternative to Mastercard and Visa
The key to taking on legacy players in the financial technology industry may be to go where they have not gone before. That’s what Chicago-based Aeropay is doing. The provider…
Embedded accounting startup Layer secures $2.3M toward goal of replacing QuickBooks
So did investors laugh them out of the room when they explained how they wanted to replace Quickbooks? Kind of.
Lydia, the French payments app with 8 million users, launches mobile banking app Sumeria
Lydia is splitting itself into two apps — Lydia for P2P payments and Sumeria for those looking for a mobile-first bank account.
Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO
Go Digit, an Indian insurance startup, has raised $141 million from investors, including Goldman Sachs, ADIA, and Morgan Stanley, as part of its IPO.
Inside TabaPay’s drama-filled decision to abandon its plans to buy Synapse’s assets
Welcome to TechCrunch Fintech! This week, we look at the drama around TabaPay deciding to not buy Synapse’s assets, as well as stocks dropping for a couple of fintechs, Monzo raising…
Aplazo is using buy now, pay later as a stepping stone to financial ubiquity in Mexico
Four-year-old Mexican BNPL startup Aplazo facilitates fractionated payments to offline and online merchants even when the buyer doesn’t have a credit card.