Posts filtered by tags: Fintech[x]


 

Wise announces plans to go public via direct listing

Wise, the fintech company formerly known as TransferWise, has announced that it wants to become a public company on the London Stock Exchange. Instead of following the traditional IPO route, Wise plans to go public via a direct listing. This is going to be the biggest direct listing on the London Stock Exchange. If you’re not familiar with Wise, the company specializes in cross-border money transfers. If you want to send money to someone living in another country, traditional retail banks charge...
Tags: Startups, Europe, Finance, Tech, London Stock Exchange, Fintech, Transferwise, Western Union, Wise, Monzo, Wise With Wise


Emergence’s Lotti Siniscalco and Retail Zipline’s Melissa Wong will join us on Extra Crunch Live

For all that’s said about fundraising and working alongside investors, rarely do we get to see founders and their investors in candid conversation with one another. Extra Crunch Live is changing that. On the weekly live show, we sit down with founders and the VCs who funded them to talk about how they came together on the deal, what stood out about the other party that led to their commitment and how they operate today. We also (usually) take a walk through their early pitch decks to get a feel ...
Tags: Startups, TC, Tech, Fintech, Emergence Capital, Advent International, ECL, Ribbit Capital, Melissa Wong, Extra Crunch Live Announcement, Lotti Siniscalco, Siniscalco, Whistic, Old Navy It


Unit raises $51M in Accel-led Series B to grow its banking-as-a-service platform

We’ve all heard the phrase, “Every company is a fintech.”  But these days, that’s becoming more and more true as an increasing number of companies that are not even in the financial services space seek to add a fintech component to their offering. A group of startups poised to benefit from this shift are those offering banking as a service. One such startup, Unit , has raised $51 million in a Series B round to further its goal of making it possible for companies and fintechs alike to bui...
Tags: Fundings & Exits, Startups, Amit Kumar, Finance, Funding, Tel Aviv, Tech, Venture Capital, Silicon Valley, Payments, Fintech, Accel, Unit, Recent Funding, Itai Damti, Doron Somech


Gen Z Craves Good Tech From Banks+Credit Unions, Not Neobanks

The industry assumes Gen Z will only be attracted to fintechs, but they still have a soft spot for traditional banking providers. The post Gen Z Craves Good Tech From Banks+Credit Unions, Not Neobanks appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Fintech, Gen Z, Technology Strategies, Segmentation Strategies, Featured Content, Marqeta, Zoomers


Chime Leads U.S. Neobanks With Aspiration and Current on Its Heels

Chime is holding tight to its No.1 spot on the neobank charts, but Current is dethroning Aspiration as it claws its way to the top. The post appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Aspiration, Fintech, Challenger Bank, Innovation Strategies, Chime, Current, Featured Content, Neobank


Which Nubank will own the financial revolution?

Nubank’s first office, on California Street in the Brooklin neighborhood of São Paulo, makes for a great beginning to the company’s story. It wasn’t a Silicon Valley garage, but this tiny, one-bathroom rented house, where 30 people worked insane hours to push out the company’s debut credit card, lends just as well to an image of entrepreneurial spirit and drive. As Nubank continues to make international waves, more and more VC investors are taking a look at the Brazilian ecosystem and c...
Tags: Startups, TC, Finance, Disney, Tech, Brazil, Silicon Valley, Credit Card, Fintech, Nubank, David Velez, Online Banking, Sao Paulo, Sao Paulo Brazil, California Street, Brooklin


How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire

For most startups, the hardest early challenge is identifying a market and a product to serve it. That wasn’t the case for Nubank CEO David Velez, who understood the massive potential for success if he could break into Latin America’s most valuable economy with even a moderately modern banking offering. Instead, the challenge was how to rebuild the concept of a bank in a country where banking is widely hated, all while the incumbents heavily entrenched with the state worked to block every move. ...
Tags: Startups, TC, Finance, Tech, Banking, Colombia, Brazil, Goldman Sachs, Credit Card, EC, Morgan Stanley, Fintech, General Atlantic, Latin America, Stanford University, Nubank


One woman’s drive to make a neobank as magical as Disney

As we mentioned in part 1 of this EC-1, David Velez had two key co-founding roles he needed to fill to get started building Nubank. For one, he needed a CTO to lead the engineering side of the business, as Velez didn’t have an engineering background. Edward Wible, an American computer science graduate who spent most of his career in private equity, would take that responsibility. He didn’t bring years of coding experience, but he had qualities that Velez considered more important: A strong belie...
Tags: Startups, TC, Finance, Disney, Tech, Brazil, Silicon Valley, Credit Card, EC, Fintech, Nubank, David Velez, Cto, Online Banking, Sao Paulo, Velez


How Nubank’s CX strategy made it one of the most loved digital banks

As we saw in parts 1 and 2 of this EC-1, by mid-2013, Nubank CEO David Velez had most of what he needed to get started. He’d brought on two co-founders, assembled ambitious engineering and operations teams, raised $2 million in seed funding from Sequoia and Kaszek, rented a tiny office in São Paulo, and was armed with a mission to deliver the kind of banking services that customers in a market as large and lucrative as Brazil’s should expect. Despite being named Nubank, however, the startup coul...
Tags: Startups, TC, Finance, Tech, Brazil, Credit Card, EC, Fintech, Nubank, David Velez, Sequoia, Online Banking, Sao Paulo, Barney, Velez, EC-1


Nigeria’s tech community was booming. Now it’s in shock

The government’s sudden ban of Twitter could jeopardise one of the country’s most promising industries The post Nigeria’s tech community was booming. Now it’s in shock appeared first on The Mail & Guardian.
Tags: Startups, Twitter, Technology, Nigeria, Africa, Social Media, Investment, Venture Capital, Stripe, Fintech, Cryptocurrency, Max, Muhammadu Buhari, Openaccess, Central Bank of Nigeria, Information and Communications Technology


Nigeria: Regulatory Requirements For Fintech In Nigeria; CBN Licences - Pavestones Legal

There was, however, no unified document containing the requirements for each of these licensing categories.
Tags: News, Nigeria, Fintech, CBN


Payments and Digital Drive Consumers to Big Fintechs

New data confirms that consumer loyalties are shifting rapidly to large fintechs like PayPal, and that digital payments are a key reason. The post Payments and Digital Drive Consumers to Big Fintechs appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Credit Unions, Paypal, Fintech, P2p, Digital Banking Strategies, Digital Payments, Payments Strategies, Community Banks, Featured Content, Primary Financial Institution


How many opinions does it take to hit the $100M ARR Club?

In a world of talking points and corporate jargon, opinions are refreshing — and Expensify CEO and founder David Barrett is full of them. One of his earliest lessons in life, for example, was that basically everyone is wrong about basically everything. If instilling that at a young age doesn’t force you to become an entrepreneur, I don’t know what does. Barrett’s ethos has, as reporter Anna Heim puts, led to Expensify having “its own take on almost everything” from hiring without job titles and ...
Tags: Apple, TC, Utah, Mexico, Tech, Colombia, United States, Brazil, Silicon Valley, Alexis Ohanian, EC, Fintech, Nubank, Expensify, Pittsburgh, Klarna


See 7 pitch decks that fintechs looking to disrupt banking, wealth management, and credit scores used to raise millions

Check out these pitch decks for examples of fintech founders sold their vision. Yulia Reznikov/Getty Images Insider has been tracking the next wave of hot new startups that are blending finance and tech. Check out these pitch decks to see how fintech founders sold their vision. See more stories on Insider's business page. Fintech VC funding hit a fresh quarterly record of $22.8 billion in the first three months of 2021, according to CB Insights data. While mega-rounds helped propel o...
Tags: Amazon, Ebay, US, Los Angeles, Trends, Walmart, Fidelity, Morgan Stanley, Fintech, Shopify, Venrock, Cb Insights, Citi, Vanguard, Lance, Charles Schwab


Extra Crunch roundup: EU insurtech, 30 years of ‘Crossing the Chasm,’ embedded finance’s endgame

This morning, Anna Heim and Alex Wilhelm dug into the EU insurtech market, interviewing European VCs and collating the biggest recent rounds to take the temperature of the waters across the pond: Alex Timm, CEO, Root Dan Preston, CEO, MetroMile Luca Bocchio, partner, Accel Florian Graillot, investor, Astorya.vc Stephen Brittain, director and founder, Insurtech Gateway Several European-based insurtech startups entered unicorn territory this year, such as Bought By Many, which offers pet insuran...
Tags: Startups, TC, Transportation, London, Microsoft, Entrepreneurship, Insurance, Tech, Eu, Atlantic, United States, Venture Capital, Tanzania, Mobility, Alan, Anna


Temasek and General Atlantic in talks to back Indian neobank Open

Bangalore-based neobank Open is in advanced stages of talks to raise about $100 million, according to two sources familiar with the matter. Temasek, the Singaporean government’s sovereign wealth fund, and General Atlantic are positioning to co-lead the Series C financing round, which values the Indian startup at pre-money $600 million, the sources told TechCrunch, requesting anonymity as the matter is private. Open was valued at about $150 million in its Series B funding round two years ago. Exi...
Tags: Google, Amazon, Asia, India, Funding, Tech, Bank Of America, Paypal, Atlantic, Tiger Global, Fintech, General Atlantic, Temasek, Open, Economic Times, HDFC Bank


The fintech endgame: New supercompanies combine the best of software and financials

Shiran Shalev Contributor Share on Twitter Shiran Shalev is a principal at Battery Ventures, where he focuses primarily on software and consumer investments, including fintech. More posts by this contributor Why Breach Detection Is Your New Must-Have, Cyber Security Tool Aaron Rinberg Contributor Aaron Rinberg is a vice president at Battery Ventures. ...
Tags: Amazon, TC, Column, Enterprise, Finance, Insurance, Tech, E-commerce, Venture Capital, Financial Services, Fintech, Shopify, Battery Ventures, Customer Service Software, Shiran Shalev, Aaron Rinberg Contributor Aaron Rinberg


See 6 pitch decks that fintechs looking to disrupt banking, wealth management, and cybersecurity used to raise millions

Yulia Reznikov/Getty Images Insider has been tracking the next wave of hot new startups that are blending finance and tech. Check out these pitch decks to see how fintech founders sold their vision. See more stories on Insider's business page. Fintech VC funding hit a fresh quarterly record of $22.8 billion in the first three months of 2021, according to CB Insights data. While mega-rounds helped propel overall funding, new cash was spread across 614 deals. Insider has been tracking...
Tags: Amazon, Ebay, US, Los Angeles, Trends, Walmart, Fidelity, Morgan Stanley, Fintech, Shopify, Venrock, Cb Insights, Citi, Vanguard, Lance, Charles Schwab


Fintech startup TreasurySpring raises $10M for platform giving online access to Fixed-term-funds

Fixed-term-funds (FTFs) have historically been a bank-to-bank market. FTF products allow for investing into some of the safest assets including, UK Government bonds, US Government bonds and highly-rated corporations. They allow holders of large amounts of cash (such as charities, private funds, family offices etc) to reduce and diversify their risk, but also increasing returns. TreasurySpring is a fintech startup that is aiming to opening up access to this area of financial markets, by creating ...
Tags: TC, Europe, UK, Cook, Money, US Government, Finance, US, Tech, Investment, Ceo, Economy, Bank, Fintech, Bond, UK Government


Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 billion. Rumors swirled in recent weeks that Klarna had raised more money at a valuation north of $40 billion. But the Swedish buy now, pay later behemoth and upstart bank declined to comment until now. SoftBank’s Vision Fund 2 led the latest round, which also included participation from existing ...
Tags: Europe, New York, France, Softbank, US, Los Angeles, Tech, Amsterdam, New Zealand, Fintech, Klarna, Los Gatos, Sebastian Siemiatkowski, Siemiatkowski, Klara, Vision Fund


Fintech Lending Is On The Rise, But Default Rates Aren’t Pretty

Consumers like the sound of getting a loan from a fintech provider instead of a traditional institution, but at what cost? The post Fintech Lending Is On The Rise, But Default Rates Aren’t Pretty appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Fintech, Harvard Business School, Consumer Credit, Delinquencies, Featured Content, Lending Strategies, Default Rate


How Financial Institutions Can Snag Top Software Engineering Talent

Digital transformation demands talented staff. Banks and credit unions that want to draw the best expertise must sell themselves. The post How Financial Institutions Can Snag Top Software Engineering Talent appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Recruitment, Fintech, Digital Banking Strategies


How Financial Institutions Can Snag Top Tech Talent

Digital transformation demands talented staff. Banks and credit unions that want to draw the best expertise must sell themselves. The post How Financial Institutions Can Snag Top Tech Talent appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Recruitment, Fintech, Digital Banking Strategies


Digital banking took off during the pandemic. Banks looking to capitalize on the trend should balance 'cool versus creepy' when leveraging customer data.

"Future of Finance," an Insider virtual event, was presented on June 8, 2021. Insider Digital banking adoption surged during the pandemic, especially among those age 65+. Industry leaders say real-time individualization using AI and machine learning is the future. The conversation was part of Insider's virtual event, "Future of Finance," presented by Grayscale, on June 8th, 2021. Click here to view the full event. Digital banking services won big during the pandemic as consumers flocke...
Tags: Finance, Digital, Trends, Tech, Bank Of America, Banking, Data, Merrill Lynch, Deloitte, Fintech, Mobile Banking, Digital Banking, Tyrie, Tang, BofA, Bank of America BofA


The crypto ecosystem has been challenged 'no fewer than probably 100 times' over its lifetime. Here's why many institutions are still piling into the asset class, and what roadblocks remain.

"Future of Finance," an Insider virtual event, was presented on June 8, 2021. Insider As the crypto market continues to see its most notable boom yet, big companies in the sector have encouraged traditional Wall Street to venture into the space. The crypto market is "much healthier and much more two-sided" than ever, said one investment firm CEO. The conversation was part of Insider's virtual event, "Future of Finance," presented by Grayscale. Click here to view a recording of the ful...
Tags: Finance, Americas, Trends, Sustainability, Bitcoin, Crypto, SEC, Ethereum, ESG, Fintech, Coinbase, Blockchain, Paul Tudor Jones, CHAN, Charlie Munger, Ray Dalio


Fintech bank Revolut is adding dogecoin to its offering to meet a boom in customer demand for the cryptocurrency

A Revolut logo is seen in this illustration Reuters Fintech bank Revolut is adding dogecoin to its crypto offering, the firm said on Tuesday. Revolut said this was a response to booming customer demand for the cryptocurrency. The meme cryptocurrency has soared in value and investor recognition this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Revolut has added dogecoin to its offering to meet booming customer demand for the meme cryptocurrency, the fint...
Tags: Trends, Crypto, Fintech, Revolut, Dogecoin, Reuters Fintech, Doges, CoinGecko, Sophie Kiderlin, Opening Bell Revolut, New Tokens, Edward Cooper Revolut


European neobroker Scalable Capital raises $180M+ at a $1.4B valuation

Neobrokers — startups that are disrupting the investment industry by providing a platform for a wider range of consumers to partake in the stock market by offering them more incremental investment options and modern and easy mobile-based interfaces to manage their money — continue to see a huge amount of interest, and today comes the latest development in that story. Scalable Capital, a Munich/Berlin startup that provides tools to monitor and manage portfolios for those investing in shares, mana...
Tags: Europe, UK, Greece, Finance, China, Germany, Funding, Tech, Vienna, Amsterdam, Tencent, Brazil, Fintech, Nubank, Austria Germany, ING


Neobank With Its Own Core Tech Is Nearly a Bank (Without a Charter)

Challenger bank 'One' has a fresh take on using banking-as-a-service that cuts out costs to give middle class a better deal. The post Neobank With Its Own Core Tech Is Nearly a Bank (Without a Charter) appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Fintech, Digital Banking Strategies, Innovation Strategies, Featured Content, One Finance


Neobank Comes Very Close to Being a Bank Without a Charter

Challenger bank 'One' has a fresh take on using banking-as-a-service that cuts out costs to give middle class a better deal. The post Neobank Comes Very Close to Being a Bank Without a Charter appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Spotlight, Fintech, Digital Banking Strategies, Innovation Strategies, Featured Content, One Finance, Neobank Comes Very Close


Fintech all-star Nubank raises a $750M mega round

In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn’t speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the system was broken and that he could fix it. And as a former Sequoia VC, he also had access to capital. His gut instinct and market analysis were right. Today, Nubank announced a $750 million extension to its Series G (which rang in at $400 million this past January), bringing the round to a tota...
Tags: Mexico, Tech, Nike, Colombia, Nba, Brazil, Berkshire Hathaway, Fintech, Swann, Nubank, David Velez, Cto, Stubhub, Nps, Citi, Nunez