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Revolut lets businesses accept online payments

Fintech startup Revolut is launching its own acquiring solution. With this move, the company is competing directly with Stripe, Adyen, Braintree or Checkout.com. This is an in-house product and not just a fresh coat of paint on an existing solution. As a reminder, Revolut already offers business accounts. It lets you send and receive international payments, exchange funds in multiple currencies. You can also order debit cards to spend money from your Revolut account directly. With Revolut’s a...
Tags: Startups, Europe, Sweden, Finance, Tech, Fintech, Revolut, Magento, European Economic Area


Grab-Singtel and Ant Group win digital bank licenses in Singapore

Singapore on Friday granted four firms including Ant Group and Grab the licenses to run digital banks in the Southeast Asian country, in a move that would allow tech giants to expand their financial services offerings. The nation’s central bank, Monetary Authority of Singapore (MAS), said it applied a “rigorous, merit-based process” to select a strong slate of digital banks. As these digital banks start their pilot operations, MAS said it will review whether more companies could be granted...
Tags: Apps, Asia, Hong Kong, Finance, Government, China, Singapore, Digital, Tech, Sea, Beijing, Singtel, Mas, Southeast Asian, UK India, Grab


Stripe announces embedded business banking service Stripe Treasury

Fintech startup Stripe has announced an ambitious new product today called Stripe Treasury. The company is partnering with banks to offer a banking-as-a-service API. In other words, Stripe clients will be able to provide bank accounts to their customers — the service is invite-only for now. This is part of a bigger trend called embedded finance. Essentially, instead of separating banking services from other services that you use, embedded finance products provide financial services as close a...
Tags: Startups, Finance, Tech, Goldman Sachs, Citibank, Stripe, Fintech, Shopify, Evolve Bank, Shopify Balance, Stripe Treasury, Stripe Treasury for Shopify Balance If a Shopify, U S Eventually Stripe, Barclays Stripe




Why Community Financial Institutions Must Tap Into Platforms’ Power

Google's new Plex bank account platform may mean that all financial institutions must find a big tech or fintech partner — or stop growing. The post Why Community Financial Institutions Must Tap Into Platforms’ Power appeared first on The Financial Brand.
Tags: Google, Finance, Branding, Digital Marketing, Nerdwallet, Bankrate, Digital Banking Strategies, Google Plex, Apiture


Helping big banks out-Affirm Affirm and out-Chime Chime, gives Amount a $681 million valuation

Amount, a new service that helps traditional banks compete in a digital world, has raised $81 million from none other than Goldman Sachs as it looks to help legacy fintech players compete with their more nimble digital counterparts. The company, which spun out from the startup lending company Avant Credit in January of this year, has already inked deals with Banco P opular, HSBC, Regions Bank and TD Bank to power their digital banking services and offer products like point-of-sale lendin...
Tags: TC, Money, Finance, Tech, Economy, Hsbc, Bank, Goldman Sachs, Vice President, Financial Services, Goldman, Affirm, Advisor, Klarna, Challenger Banks, Hughes


This chart shows how the Salesforce acquisition of Slack for $27.7 billion stacks up against tech's largest deals ever

Marc Benioff, Salesforce CEO & cofounder Salesforce On Tuesday afternoon, Salesforce announced plans to purchase Slack for $27.7 billion — one of the largest ever tech acquisitions. The purchase tops Microsoft's 2016 acquisition of LinkedIn by a bit more than $1 billion, putting it among the top five largest tech acquisitions of all time. Salesforce CEO Marc Benioff called the combination of Salesforce and Slack, "a match made in heaven" in the announcement. "Together, Salesforce and Slack...
Tags: Apple, Google, Amazon, Motorola, Facebook, New York, Adobe, Microsoft, Finance, Softbank, Nokia, Satya Nadella, San Francisco, Trends, Linkedin, Tech


Revolut launches early salary feature in the UK and web app

Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut has partnered with Modulr to let you receive your salary a day early. Revolut has historically focused its efforts on its mobile app. If you have a business account with Revolut, you know that you can see your past transactions and access your account from a regular web browser. But the company’s 13 million customers co...
Tags: Startups, Europe, UK, Finance, Tech, Fintech, Revolut, Challenger Bank, Modulr, U K Revolut


Nordigen introduces free European open banking API

Latvian fintech startup Nordigen is switching to a freemium model thanks to a free open banking API. Open banking was supposed to democratize access to banking information, but the company believes banking aggregation APIs from Tink or Plaid are too expensive. Instead, Nordigen thinks it can provide a free API to access account information and paid services for analytics and insights services. Open banking is a broad term and means different things, from account aggregation to verifying accou...
Tags: Startups, Europe, Finance, Tech, Api, Fintech, Nordigen, Open Banking, PSD2, Rolands Mesters


Capital gains are the profits you make from selling your investments, and they can be taxed at lower rates

Capital gains come with tax advantages that reward investors who hold their investments for over a year. Pra-chid/Getty Images Capital gains are profits derived from selling an asset: financial investments, real estate, personal property, or collectibles. Capital gains are either long-term or short-term, depending on how long you owned the asset (over or under one year). Short-term capital gains are taxed as ordinary income, while long-term capital gains are taxed at special, lower rates....
Tags: Apple, Finance, Trends, Goldman Sachs, Ira, Capital Gains Tax, Biden, Irs, Freelance, Aapl, Internal Revenue Service IRS, NIIT, Capital Gains, BI Graphics, Investing (Reference, Investing How To


Market capitalization tells you how much a company is worth, and whether buying its stock suits your overall investing strategy

Stocks are often classified by their market caps, and each market-cap category offers different risks and rewards for investors. picture alliance / Contributor/Getty Images Market capitalization ("market cap") is the total value of all a company's stock: the number of outstanding shares by the share price. Stocks are often categorized by the size of their market capitalization: large-cap, mid-cap, small-cap, or micro-cap. An indicator of financial strength, market capitalization suggests h...
Tags: Apple, Finance, Trends, Maxwell, Tripadvisor, Johnson, Freelance, Coo, Aapl, Market Cap, Apple AAPL, Creighton University, Peloton, Diamondback Energy, Robert R Johnson, Ryan Maxwell


What is a stock split, and is it a good or bad sign when it happens?

A stock split increases the number of a shares a company has, and the market usually views the move favorably. Tetra Images/Getty Images A stock split is when a company decides to increase the number of shares by dividing its existing shares into additional shares. Stock splits don't provide any economic value to the company. They just reduce the stock's price, making it more affordable. Stock splits are often good signs for shareholders, attracting new investors and eventually leading to ...
Tags: Apple, Finance, Trends, Stocks, Freelance, Stock split, Ali Hussain, Investing (Reference, Investing How To, Reverse Split, Tetra Images Getty Images, Visit Business Insider s Investing Reference


HMBradley raises $18.25 million planting a flag as LA’s entrant into the challenger bank business

With $90 million in deposits and $18.25 million in new financing, HMBradley is making moves as the Los Angeles-based entrant into the challenger bank competition. LA is home to a growing community of financial services startups and HMBradley is quickly taking its place among the leaders with a novel twist on the banking business. Unlike most banking startups that woo customers with easy credit and savvy online user interfaces, HMBradley is pitching a better savings account. The company offe...
Tags: TC, Money, California, La, Finance, Los Angeles, Tech, Banking, Economy, Venture Capital, Bank, Financial Services, Financial Technology, Chime, ING Group, Ben Coffman


Mobile banking app Current raises $131M Series C, tops 2 million members

U.S. challenger bank Current, which has doubled its member base in less than six months, announced this morning it raised $131 million in Series C funding, led by Tiger Global Management. The additional financing brings Current to over $180 million in total funding to date, and gives the company a valuation of $750 million. The round also brought in new investors, Sapphire Ventures and Avenir. Existing investors returned for the Series C, as well, including Foundation Capital, Wellington Mana...
Tags: Google, Apps, Money, Finance, Funding, Tech, Banking, Bank, Financial Services, Sapphire Ventures, Mobile Banking, Challenger Bank, Current, Stuart Sopp, Foundation Capital Wellington Management Company


N26 launches mid-tier subscription plan for €4.90 per month

Challenger bank N26 is adding a third subscription product called N26 Smart. N26 Smart is designed to be a mid-tier subscription plan with advanced banking features but without a travel insurance package. In Europe, in addition to the free plan, N26 already provides two subscription tiers called N26 You and N26 Metal. N26 You costs €9.90 per month and comes with higher limits, such as five free ATM withdrawals instead of three and free withdrawals in foreign currencies. With an N26 You accoun...
Tags: Startups, Europe, Finance, Tech, Fintech, Challenger Bank, N26, N26 Metal, Neobank, N26 Smart


Google Fires Next Salvo in Big Tech’s War on Banking

'Plex,' a combined checking and savings product that plugs into the Google Pay wallet, pulls in more banks. Citibank explains its plans. The post Google Fires Next Salvo in Big Tech’s War on Banking appeared first on The Financial Brand.
Tags: Google, Finance, Spotlight, Citigroup, Citibank, Forrester, Digital Banking Strategies, Mobile Channel, Featured Content, Google Pay, Google Plex


Google Fires Next Salvo of Big Tech’s Advance Into Banking

Citibank, BMO Harris, BBVA and Green Dot are among those taking part in Google's attempt to merge mainstream banking into its vision. The post Google Fires Next Salvo of Big Tech’s Advance Into Banking appeared first on The Financial Brand.
Tags: Google, Finance, Spotlight, Citigroup, Citibank, Forrester, Digital Banking Strategies, Mobile Channel, Featured Content, Google Pay, Google Plex, Citibank BMO Harris BBVA


Daily Crunch: Roblox is going public

Roblox opens its books, Snap makes an acquisition and Pfizer and BioNTech seek regulatory approval for their vaccine. This your Daily Crunch for November 20, 2020. The big story: Roblox is going public The child-friendly gaming company filed confidentially to go public in October, but it only published its S-1 document with financial information late yesterday. How do the numbers look? Well, Roblox is certainly growing quickly — total revenue increased 56% in 2019, and then another 68% in t...
Tags: Gaming, Europe, Finance, Tech, Pakistan, Pfizer, Hutchinson, Don, Danny Crichton, Orix, Roblox, Vonne Hutchinson, BioNtech, ReadySet, Daily Crunch, Carlos Gonzalez Cadenas


ORIX invests $60M in Israeli crowdfunding platform OurCrowd

Japan-based financial services group ORIX Corporation today announced that it has made a $60 million strategic investment into the Israeli crowdsourcing platform OurCrowd. In return, the crowdfunding platform will provide the firm with access to its startup network. OurCrowd also says that the two groups will collaborate to create financial products and investment opportunities for the Japanese and global market, including access to its venture funds and specific companies in the OurCrowd por...
Tags: Japan, Real Estate, Crowdfunding, Entrepreneurship, Finance, Israel, Tech, Investment, Banking, United States, Tokyo, Private Equity, Financial Services, Ourcrowd, Jon Medved, Beyond Meat


Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Is the internet advertising economy about to implode?

Advertising drives the modern digital economy. Whether it’s reading news sites like this one or perusing your social media feeds, advertising is the single most important industry that came out of the development of the web. Yet, for all the tens of billions of dollars poured into online advertising just in the United States alone, how much does that money actually do its job of changing the minds of consumers? Tim Hwang has a contrarian stance: it doesn’t. In his new book published as a collabo...
Tags: Google, Facebook, Advertising Tech, Finance, Book Review, Tech, United States, Digital Advertising, Adtech, Online Advertising, Georgetown, Tim Wu, Giroux, Hwang, Tim Hwang, Farrar Straus


A fintech startup was rapped by the UK's financial watchdog

The UK's financial watchdog warned Wednesday fintech Lanistar wasn't authorized to operate. Lanistar claims its upcoming debit card is "the world's most secure card," and can link up to eight bank accounts. The Financial Conduct Authority (FCA) said Lanistar "is targeting people in the UK," and advised consumers to "be especially wary of dealing with this unauthorised firm." Lanistar rejected the FCA's statement, saying: "Legal and regulatory compliance are central to Lanistar's business." It w...
Tags: UK, Money, Instagram, Finance, Trends, Startup, Tech, Fca, Bank, Credit Card, Scam, Fintech, Mastercard, Debit Card, UK s Financial Conduct Authority FCA, The Financial Conduct Authority FCA


Fintech startup Lanistar was rapped by the UK's financial watchdog

Gurhan Kiziloz, founder and CEO of Lanistar Lanistar The UK's financial watchdog warned Wednesday fintech Lanistar wasn't authorised to operate. Lanistar is gearing up to launch the "world's most secure" bank card. The Financial Conduct Authority (FCA) said Lanistar "is targeting people in the UK," and advised consumers to "be especially wary of dealing with this unauthorised firm." Lanistar rejected the FCA's statement, saying: "Legal and regulatory compliance are central to Lanistar's bu...
Tags: UK, Money, Instagram, Finance, Trends, Startup, Tech, Fca, Bank, Credit Card, Scam, Fintech, Mastercard, Debit Card, Financial Conduct Authority FCA, UK s Financial Conduct Authority FCA


Inside Affirm’s IPO filing: A look at its economics, profits and revenue concentration

Last night Affirm filed to go public, herding yet another unicorn into the end-of-year IPO corral. The consumer installment lending service joins DoorDash and Airbnb in filing recently, as a number of highly valued, venture-backed private companies look to float while the public markets are more interested in growth than profits. TechCrunch took an initial dive into Affirm’s numbers yesterday, so if you need a broad overview, please head here. This morning we’re going deeper into the company’...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Finance, Tech, Airbnb, Max Levchin, Twilio, Affirm, Peloton, The Exchange, Tiktok, COVID


Pre-seed fintech firm Financial Venture Studio closes on debut fund to build on legacy of top investments

Fintech has come into its own the past few years. Once an area of investment widely derided and avoided by VCs due to its regulated nature and entrenched incumbents, fintech has now emerged as one of the most popular categories for investment, buttressed by multiple, multi-billion dollar exits in just the past year like Plaid, CreditKarma, and Galileo. Yet, building fintech apps and systems still requires a lot of finesse. There are those pesky regulations that make a cold start difficult for a ...
Tags: Finance, Tech, Dave, United States, Venture Capital, Fintech, Griffin, Silicon Valley Bank, Roger, Tom Brown, Tyler Griffin, FSL, Falvey, Center for Financial Services Innovation, Financial Venture Studio, Ryan Falvey


Greece’s Marathon Venture Capital completes first close for Fund II, reaching $47M

Marathon Venture Capital in Athens, Greece has completed the first closing of its second fund, reaching the €40m / $47M mark. Backing the new fund is the European Investment Fund, HDBI, as well as corporates, family offices and HNWIs around the world (plus many Greek founders). It plans to invest in Seed-stage startups from €1m to 1.5m initial tickets for 15-20% of equity. Team changes include Thaleia Misailidou being promoted to Principal, and Chris Gasteratos is promoted to Associate. Marat...
Tags: TC, Uber, Europe, New York, London, Money, Greece, Finance, Berlin, San Francisco, Tech, Investment, Athens, Venture Capital, Mitt Romney, Mobility


The New Google Pay Makes Tracking Your Money a Breeze—But There's a Catch

Google has just completely redesigned its Google Pay app in a bid to make managing your money easier than ever by giving you a bird’s eye view of your financials and spending habits. But it also wants to do this by becoming a banking middleman and turning your transaction history into a kind of Hangouts feed with…Read more...
Tags: Google, Science, Finance, Data Privacy, Consumer Tech, Google Pay


Bella is a new challenger bank with a text-based interface

Meet Bella, a new challenger bank launching on November 30th. The company is trying to differentiate itself with two distinctive features. First, you can interact with the app using keywords and text commands. Second, Bella is trying to build a community that helps each other to differentiate its product from soulless monolithic banking services. Let’s start with the basics. When you open a Bella account, you receive a rainbow debit card that works on the Visa network. You get a checking acco...
Tags: Google, Startups, Mobile, Apps, Finance, Samsung, Tech, Naples, Challenger Bank, Bella, FDIC, LivePerson, Neobank, Second Bella


What China’s fintech market can teach the world

If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital currencies that are at the vanguard of global financial innovation. Take the cover photo of this article: At Alibaba, facial recognition software identifies customers at the employee cafeteria, while visual AI identifies foods on their tray and calculates ...
Tags: Apps, Asia, Finance, Government, China, Tech, Alibaba, Tencent, Alipay, Baidu, Fintech, Peterson Institute for International Economics, WeChat Pay, Martin Chorzempa, Ant Group, China Digital


With a 2021 IPO in the cards, what do we know about Robinhood’s Q3 performance?

After rising sharply in the second quarter of 2020, Robinhood’s income from routing its users’ orders to different parties for execution appears largely flat in the third quarter. To be clear, Robinhood’s year-over-year growth is likely very impressive given the gains we’ve seen in the key revenue category for the heavily funded unicorn this year. But, after torrid sequential growth from Q1 2020 to Q2 2020, Robinhood’s payment for order flow rose only modestly during Q3, according to a TechCr...
Tags: TC, Finance, Tech, Public, Robinhood, The Exchange, Freetrade, Verizon Media Group



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