Posts filtered by tags: Fintech[x]


 

Banking-as-a-Service Sharply Alters the Roles of Banks and Fintechs

'BaaS' is redefining when and where all types of companies provide financial services. There are huge implications for legacy institutions. The post Banking-as-a-Service Sharply Alters the Roles of Banks and Fintechs appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Fintech, APIs, Digital Banking Strategies, Innovation Strategies, Chime, Baas, Technology Strategies, Neobank, Embedded Banking, Contributed Content


Fintech startup Revolut to take on rivals like Robinhood with commission-free trades amid retail investing boom

Revolut CEO Nikolay Storonsky Kimberly White/Getty Images for TechCrunch Revolut plans to offer commission-free stock trading to US clients to take on rivals like Robinhood, CNBC first reported. The firm - valued at $33 billion - has secured a US broker-dealer license, which took 16 months to obtain. The firm, founded in 2015, has quickly grown to be one of the most prominent fintech players in Europe. See more stories on Insider's business page. Fintech firm Revolut plans to offer com...
Tags: Europe, UK, London, Singapore, Softbank, US, Trends, Markets, New Jersey, Crypto, Stock, Robinhood, Stock Trading, Fintech, Cnbc, Revolut


Alternative financing startup Pipe snaps up Stripe and HubSpot execs, expands to UK

Pipe, a two-year-old startup that aims to be the “Nasdaq for revenue,” announced today it has snagged former Stripe EIC Sid Orlando and HubSpot’s ex-Chief Strategy Officer Brad Coffey to serve on its executive team. The Miami-based fintech also revealed today its first expansion outside of the United States with its entry into the U.K. market. It’s been a good year for Pipe. The buzzy startup has raised $300 million in equity financing this year from a slew of investors, such as Shopify, Sl...
Tags: Startups, TC, UK, London, Finance, Tech, United States, United Kingdom, SaaS, Miami, Alexis Ohanian, Pipe, Fintech, Orlando, Marc Benioff, U K


Toast raises IPO price range, providing a Monday bump to fintech valuations

U.S. technology unicorn Toast filed a new S-1 document this morning detailing a higher IPO price range for its shares. The more expensive range indicates that Toast may be worth more in its debut than it initially expected, a bullish sign for technology companies more broadly. Toast’s rising valuation may provide a boon to two different sub-sectors of technology: software and fintech. The restaurant-focused Toast sells software on a recurring basis (SaaS) to restaurants while also providing fina...
Tags: Fundings & Exits, Startups, TC, Ipo, Boston, Tech, SaaS, Fintech, Toast


Check out 17 pitch decks that fintechs looking to disrupt trading, banking, and lending 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, South Korea, New York, Ebay, New York City, US, Los Angeles, Trends, Walmart, Atlantic, United States, Dallas, Miami, Fidelity, Goldman Sachs, Ira


Self Financial raises $50M to help the subprime consumer build credit and savings at the same time

Self Financial, a fintech company that aims to help consumers build credit and savings at the same time, announced today it has raised $50 million in Series E funding. Altos Ventures led the financing, which also included participation from Meritech Capital and Conductive Ventures and brings the Austin-based startup’s total raised to $127 million since its 2015 inception. The company, as many fintechs these days, aims to make building credit and savings more accessible, regardle...
Tags: Fundings & Exits, Startups, TC, Apps, California, Finance, Funding, Tech, Austin, Venture Capital, Fintech, James, Lee, Garvey, Silverton Partners, Altos Ventures


Credit Cards Still Rule, But Face an Existential Threat From BNPL

Buy now, pay later isn't merely a Covid-related trend. Consumers who adopted it during the pandemic say they are likely to continue using it. The post Credit Cards Still Rule, But Face an Existential Threat From BNPL appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Credit Card, Fintech, Payments Strategies, Featured Content, Lending Strategies, BNPL


Nigeria: Several Bans Of Nigeria - TNP

As the global economy transitions from a dependence on natural resources, and the focus shifts towards innovation in the provision of services, some of the most valuable companies today are privately owned Fintech companies ...
Tags: News, Nigeria, Fintech


Check out 16 pitch decks that fintechs looking to disrupt trading, banking, and lending 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, South Korea, New York, Ebay, New York City, US, Los Angeles, Trends, Walmart, Atlantic, Miami, Fidelity, Goldman Sachs, Ira, Deloitte, Kim


Kapor Capital, Square co-founder Sam Wen back TomoCredit in its $10M Series A funding round

Building credit history can be difficult if you are a consumer that is having trouble getting access to credit in the first place. Enter TomoCredit, which has developed a credit card focused on building credit history for first-time borrowers. The San Francisco-based startup is announcing today that it has raised $10 million in a Series A funding round co-led by Kapor Capital and KB Investment Inc. (KBIC), a subsidiary of South Korea’s leading consumer bank. Lewis & Clark Ventures, AME Clou...
Tags: Fundings & Exits, Startups, South Korea, Finance, Funding, San Francisco, Startup, Tech, United States, Venture Capital, American Express, Payments, Kim, Fintech, Mastercard, Kapor Capital


Mauritius: FSC Issues The Financial Services (Crowdfunding) Rules 2021 - AXIS Fiduciary Ltd

In line with its strategy to sustain the growth of the Fintech ecosystem within the Mauritius International Financial Centre, the Financial Services Commission of Mauritius ("FSC") has released...
Tags: News, Fintech, Mauritius, AXIS Fiduciary Ltd


Indonesian fintech Xendit is now a unicorn, with $150M in fresh funding led by Tiger Global

There’s a new entrant in Southeast Asia’s growing list of unicorns. Jakarta-based Xendit, best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit beca...
Tags: Fundings & Exits, Startups, TC, Y Combinator, Asia, Indonesia, Southeast Asia, Tech, Philippines, Malaysia, Vietnam, The Philippines, Tiger Global, Fintech, Jakarta, Accel


Fintech startup SellersFunding raises $166.5M in equity, credit round to support e-commerce sellers

SellersFunding secured $166.5 million in a combination of Series A equity funding and a credit facility to continue developing its technology and payments platforms for e-commerce businesses. Northzone led the round and was joined by Endeavor Catalyst and Fasanara. SellersFunding CEO Ricardo Pero did not disclose the funding breakdown, but did say the company previously raised two seed rounds for a total of $40 million in equity and more than $100 million in credit facilities, including one that...
Tags: Amazon, Startups, TC, Ecommerce, Europe, London, Enterprise, Funding, Tech, Banking, SaaS, Jp Morgan, Payments, Retailers, Fintech, Northzone


People Love Digital Banking, But Will They Surrender All Their Data?

The shift to an online landscape revolutionized banking. The industry is evolving how it shares data but consumers aren't prepared. The post People Love Digital Banking, But Will They Surrender All Their Data? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Customer Experience, Fintech, Data Sharing, Data Analytics, Open Banking, Featured Content, First-party Data


SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just thr...
Tags: Fundings & Exits, Startups, Instagram, Finance, Funding, Los Angeles, San Francisco, Startup, Tech, SaaS, Venture Capital, M&a, Square, Mobile Web, Payments, Online Payments


One Fintech’s Plans Reveal How BNPL Could Spread Further Into Banking

An inside look at what makes 'buy now, pay later' so hot, from revenue streams to funding – from the perspective of market leader Sezzle. The post One Fintech’s Plans Reveal How BNPL Could Spread Further Into Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Fintech


An aviation startup wants to revolutionize frequent flyer programs by letting travelers earn cryptocurrency simply by flying: Meet FlyCoin

Mongkol Foto/Shutterstock FlyCoin is a new fintech startup looking to offer flyers an alternative to traditional loyalty programs. Flyers can earn "FlyCoins" that can be exchanged for currencies such as bitcoin or US dollars. Ravn Alaska is currently participating in the program and Northern Pacific Airways will join once flights launch. See more stories on Insider's business page. Accruing cryptocurrency may soon be as easy as earning airline frequent flyer miles. FlyCoin is a new f...
Tags: Travel, Transportation, Asia, News, Finance, Planes, US, Trends, Bitcoin, Alaska, Standard Chartered, Moon, Aviation, Airlines, El Salvador, Cryptocurrencies


BNPL everywhere

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here.    Hello everyone – Anna here, covering for Alex who’s enjoying some well-deserved but soon-ending vacation time. The Exchange also went on pause for the week, but the news didn’t stop, so strap on! The buy now, pay later space has been one of the hottest fin...
Tags: Amazon, TC, Europe, Japan, Ipo, Africa, San Francisco, Tech, Eu, Senegal, Bloomberg, Paypal, Colombia, Peter Thiel, Square, EC


Extra Crunch roundup: China’s new data privacy law, fractional farming, debt vs. equity

China’s first data privacy laws go into effect on November 1, 2021. Will your company be in compliance? Modeled after the EU’s GDPR, the new regulations “[introduce] perhaps the most stringent set of requirements and protections for data privacy in the world,” writes Scott W. Pink, special counsel in O’Melveny’s Data Security & Privacy practice. In a comprehensive overview, he explains its key requirements and compliance steps for U.S.-based firms that service Chinese consumers. “American firms ...
Tags: China, Southeast Asia, Singapore, Africa, US, Tech, Eu, United States, Silicon Valley, Mark Twain, Ryan Lawler, Edtech, Fintech, Amit Anand, Better, Kevin Ryan


Bank of America's 8 key decision-makers in its newly-split tech and ops divisions

From left: Tony Kerrison, Cathy Bessant, and Sumeet Chabria. Bank of America. Bank of America; Skye Gould/Insider Bank of America announced Friday an overhaul of its management team. Cathy Bessant, the bank's chief tech and ops officer, was named vice chair of global strategy. These are the top execs now running BofA's reorganized tech and ops divisions. See more stories on Insider's business page. Bank of America CEO Brian Moynihan announced a sweeping set of executive changes...
Tags: Enterprise, Finance, Trends, Tech, Bank Of America, Paris, Teaser, Fintech, Brian Moynihan, BofA, Tech Insider, Skye Gould, Cathy Bessant, Bessant, BI Graphics, Subscriber Collection


BNPL is not a winner-takes-all game

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Mary Ann took over this week’s show with Chris and Grace, which meant that our overdeveloped senses of curiosity filled up the script just fine (even on a somewhat short week). Unintentionally, today’s episode was built around a theme of inclusion – from auto-insurance to women’s health, and from payments to knowledge. But here are some more specifics o...
Tags: Apple, TC, Asia, Podcast, Japan, UK, Africa, Tech, Paypal, Equity, Edtech, Fintech, Chris, Natasha, Mary Ann, BNPL


Zerodha-rival Groww gets approval to acquire Indiabulls mutual fund business

The Competition Commission of India on Thursday gave its approval to stock and mutual funds platform Groww’s parent Nextbillion Technology Pvt Ltd’s to acquire Indiabulls Asset Management Company and Indiabulls Trustee Company. Nextbillion Technology is India’s investment tech platform. [Via]
Tags: Business, News, India, Fintech, Competition Commission of India, Groww, Indiabulls, Nextbillion Technology Pvt Ltd, Indiabulls Asset Management Company, Indiabulls Trustee Company Nextbillion Technology


Check out 15 pitch decks that fintechs looking to disrupt trading, banking, and lending 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, New York, Ebay, New York City, US, Los Angeles, Trends, Walmart, Atlantic, Miami, Fidelity, Goldman Sachs, Ira, Deloitte, Carlsberg, Morgan Stanley


Fintech Success Story: How ‘Current’ Is Rising To Be The #2 Neobank

Current isn't just another fintech. Equipped with all its own technology, the neobank's Gen Z strategy targets legacy institutions. The post Fintech Success Story: How ‘Current’ Is Rising To Be The #2 Neobank appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Fintech, Digital Banking Strategies, Innovation Strategies, Gen Z, Technology Strategies, Current, Featured Content, Gen Alpha, Neobank, Teen Banking


Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets

Varo Bank , which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 billion valuation. The massive “oversubscribed” financing comes nearly seven months after the fintech startup raised $63 million in a round led by NBA star Russell Westbrook, who also joined the startup as an advisor focused on the direction of Varo Bank’s programs aimed at underserved com...
Tags: Fundings & Exits, Startups, TC, Apps, Finance, Funding, America, San Francisco, Startup, Tech, Venture Capital, Nba, Patagonia, Federal Reserve, Fintech, Warburg Pincus


Quicken, one of the ‘first fintechs,’ is being sold again

Five and a half years after being acquired by a private equity firm, personal finance software company Quicken is announcing that it is being acquired by another private equity firm. In April 2016, an affiliate of H.I.G. Capital acquired Quicken from Intuit Inc. for an undisclosed amount. Today, Menlo Park, California-based Quicken is announcing that Aquiline Capital Partners will be acquiring a majority stake in the company — also for an undisclosed amount. In an exclusive interview with...
Tags: Personal Finance, Fundings & Exits, Apps, New York, London, Finance, Tech, M&a, Intuit, Fintech, Nps, SPAC, Eric, Dunn, Turbotax, Menlo Park California


Nuula raises $120M to build out a financial services ‘superapp’ aimed at SMBs

A Canadian startup called Nuula that is aiming to build a superapp to provide a range of financial services to small and medium businesses has closed $120 million of funding, money that it will use to fuel the launch of its app and first product, a line of credit for its users. The money is coming in the form of $20 million in equity from Edison Partners, and a $100 million credit facility from funds managed by the Credit Group of Ares Management Corporation. The Nuula app has been in a limited ...
Tags: Europe, Business, Enterprise, Entrepreneurship, Funding, Articles, Tech, Banking, Ceo, Economy, Paypal, Canada, United States, United Kingdom, Innovation, Financial Services


Are Cryptocurrencies Coming to Everybody’s Checking Accounts?

With interest in holding crypto rising fast among Americans, there's an opportunity to establish an early presence. The post Are Cryptocurrencies Coming to Everybody’s Checking Accounts? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Bitcoin, Ethereum, Fintech, Cryptocurrency, Litecoin, Digital Banking Strategies, Innovation Strategies, Featured Content, Bitcoin Cash, Vast Bank


Fintech is transforming the world’s oldest asset class: Farmland

Artem Milinchuk Contributor Share on Twitter Artem Milinchuk is the founder and CEO of FarmTogether, a fintech platform channeling funding into natural assets, starting with U.S. farmland. Farmland as an asset class has proven itself to be a stable investment decade after decade. with the Dow Jones Industrial Average sits at an eye-popping -43% for a three-year hold period, making it an excellent hedge against market volatil...
Tags: Startups, Column, Finance, Tech, Investment, Greenhouse Gas Emissions, Fintech, Financial Technology, Food Supply, EC Column, EC Food Climate and Sustainability, Artem Milinchuk


Former head of Mint raises $4.5M for Lean to give gig workers access to financial products

Gig and independent workers have different needs when it comes to financial products than salaried employees at a company. It’s a challenge that Tilak Joshi, founder of Lean , became acutely aware of during his tenure as head of Mint and years as a product exec at American Express and PayPal. While the U.S. has seen a major shift in more independent workers in recent years, traditional financial institutions have “failed to keep up,” in his view. “Seventy percent of independent worke...
Tags: Startups, Finance, Funding, US, Startup, Tech, Paypal, Venture Capital, American Express, Payments, Fintech, Manik Gupta, Joshi, Gokul Rajaram, Lean, Vivek Patel