Hero, a new fintech startup based in Paris, is announcing an €11.3 million all-equity funding round led by Valar Ventures ($12.2 million at today’s exchange rate)....
9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion, has echoed the impressive progress demonstrated by the female professionals and entrepreneurs...
Four years after acquiring Shine, a French fintech startup that offers bank accounts to freelancers and very small companies, Société Générale has announced plans to sell...
Ad Experts have said, Micro, Small and Medium Enterprises (MSMEs) are pivotal to sustainable and inclusive economies, not only through job creation but also innovation sparks....
Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon...
Companies in fields like financial services and insurance live and die by their data — specifically, how well they can use it to understand what people...
Safaricom, Kenya’s top mobile network, has picked Pezesha, a digital lender, to provide credit to small business owners, which will add to the telco’s existing loan...
While the takeover of business banking startup Brass by a group of investors was widely hailed as a win by the tech ecosystem, it also entailed...
Prospa, the Y Combinator-backed business banking startup, is the subject of complaints and social media callouts after persistent delays in processing customer withdrawals. Four customers said...
Since fintech startup Brex’s inception in 2017, its two co-founders Henrique Dubugras and Pedro Franceschi have run the company as co-CEOs. But starting today, the pair...
360 One WAM, India’s largest wealth manager focused on ultra-high-net-worth individuals, has agreed to acquire popular Indian mutual fund investment app ET Money for about $44...
The financial reporting and auditing process is not often on the list of sexy topics that technology startups want to go after. And yet, when errors...
It’s not the sexiest of subject matters, but someone needs to talk about it: The CFO tech stack — software used by the chief financial officers...
Welcome to TechCrunch Fintech! This week, we’re looking at Rippling’s controversial decision to ban some former employees from selling their stock, Carta’s massive valuation drop, a...
The Central Bank of Kenya (CBK) plans to issue payment licences to fintech startups soon, an important softening of an earlier stance that will open up...
Carlo Kobe and Scott Smith believed so strongly in the need for a debit card product designed specifically for Gen Zers that they dropped out of...
Stock-trading platform Robinhood is diving deeper into the cryptocurrency realm with the acquisition of crytpo exchange Bitstamp. Robinhood said it expects the deal to close in the first...
In early 2022, the fintech startup Bloom — not to be confused with the Gen Z-focused investing app, or the heavily capitalized revenue financing platform —...
The tension between incumbents and fintechs has existed for decades. But every once in a while, the two groups decide to put their competition aside and...
Welcome to TechCrunch Fintech! This week, we’re looking at LoanSnap’s woes, Nubank’s and Monzo’s positive milestones, a plethora of fintech fundraises and more! To get a...
AI mortgage startup LoanSnap is facing an avalanche of lawsuits from creditors and has been evicted from its headquarters in Southern California, leaving employees worried about...
The global spend management sector is experiencing a tailwind of sorts. North America is arguably the biggest market in this space, but spend management companies have...
Monzo has announced its 2024 financial results, revealing its first full-year pre-tax profit. The company also confirmed that it’s in the early stages of expanding into...
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...
MoMo, the payment service bank owned by MTN has released an open Application Programming Interface (API) aimed at increasing digital wallets on the platform. The PSB...
After Brandon Lloyd sold his second company, Bypass, a payments and point-of-sale software company for sports and entertainment, to Fiserv in 2020, he dove more into...
Indian conglomerate Reliance Group is making its boldest consumer-facing move yet into financial services with the launch of JioFinance, an app that aims to be a...
Over the years, fintech startups, particularly neobanks, have thrown a cat among the pigeons in banking and finance by building whole new banking software stacks. But...
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 —...
Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s enterpreneur Yoseph West’s assertion that there’s typically information and...
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...
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...
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,...
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....
Last year, the fintech startup world — star of the 2021 venture capital heydays — began to unravel as VC funding grew tight. As we step...
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...
Google Pay is rolling out a number of updates that capitalize on its integrations with other Google products, like Android and the Chrome browser. Starting Wednesday,...
Lending is a tough nut to crack, and Nigeria’s biggest banks, valued at trillions of naira, know this too well. Only 6.2% of Nigeria’s adult population...
It can be challenging to pick up and move to a new country, made even more challenging if you are not used to the style of...
In partnership with Good morning ☀️ In more news about OpenAI, the company has found itself embroiled in a battle with Black Widow actress Scarlett Johansson. ...
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,...
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...
Hosting scams on your platform is bad for business, which is why on Tuesday, a group of major tech companies including Match Group, Meta, Coinbase and...
U.K. fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR. KKR said it’s making the investment through its...
The Consumer Financial Protection Bureau is suing SoLo Funds, a fintech company that enables peer-to-peer lending, alleging that the company used “digital dark patterns” to deceive...
In partnership with Good morning ☀️ To our readers in the Democratic Republic of Congo (DRC), please stay safe over the next couple of days. ICYMI:...
A few years ago, you couldn’t go to a fintech meetup without ending up in a conversation about embedded finance. In 2020, we even wrote that...
From our days clipping coupons out of the newspaper to doing a search for a coupon code online, consumers are all about finding benefits and perks...
The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after the United States Trustee filed an emergency motion on Wednesday. ...
Bolt founder Ryan Breslow has proposed a settlement with investor Activant Capital this week, which could put an end to a lawsuit brought by Activant. The...
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...
One month after obtaining a court order to recover $24 million lost to unauthorised POS transactions, Flutterwave suffered another security breach that allowed unknown persons to...
Embedded finance is usually what we hear about when brands and non-financial businesses want to offer financial products or services — like banking, insurance, lending and...
The restaurant industry in the U.S. is expected to pass $1 trillion in sales for the first time this year, despite wider economic pressures on consumers....
If you live in the U.S., chances are you use apps like Venmo and Cash App to pay back your friends or split the bills with...
Go Digit, an Indian insurance startup, has raised $141 million from dozens of investors as part of an initial public offering that starts on Wednesday. Fidelity,...
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...
Digital lending is notorious for teaching expensive lessons. While every lender will talk up their proprietary algorithms and foolproof loan decision systems, many loan books will...
When Tayo Oviosu founded Paga in early 2009, he believed mobile phones could bring financial services to all Africans. It meant creating a mobile app, but...
Buy-now-pay-later services have become so ubiquitous that BNPL may as well just be another way to say ‘debt.’ But in Mexico, where BNPL platform Aplazo operates,...
Tanzania’s Central Bank will no longer allow unlicensed digital lenders to operate in the country and has told customers to look out for valid licenses before...
TabaPay has abandoned its plans to purchase the assets of troubled banking-as-a-service startup Synapse, TabaPay confirmed to TechCrunch today. Synapse says the problem is banking partner...
Groww, an Indian investment app, has become one of the first startups from the country to shift its domicile back to India from the U.S., signaling...
India’s mobile payments regulator is likely to extend the deadline for imposing market share caps on the popular UPI payments rail by one to two years,...
Monzo has raised another £150 million ($190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round...
High interest rates and financial pressures make it more important than ever for finance teams to have a better handle on their cash flow, and several...
High interest rates and financial pressures make it more important than ever for finance teams to have a better handle on their cash flow, and several...
Welcome to TechCrunch Fintech! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a roundup of TechCrunch’s biggest and...
Chipper Cash, a pan-African fintech startup, has resumed operations in the US after a two-month pause, and after a restructuring exercise that saw the company remove...
Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the...
Thomas Li was working at Point72, the hedge fund founded by notorious investor Steve Cohen, when he realized that the financial industry relies heavily on manual...
When Itai Ben-Zaken’s first startup failed in 2018, the former BCG consultant and Wharton MBA spent months trying to understand what he could have done differently...
Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, particularly, are seeing more use than debit and credit cards combined). This...
In partnership with Good morning ☀️ TechCabal is launching a podcast we hope will enhance conversations and improve insight into the people in the ecosystem. Please...
Nigerian young resident population now feels more mistrust and bewilderment, because of the FG’s recent attack against Nigeria’s crypto industry A crackdown on peer-to-peer (P2P) cryptocurrency...
Hans Tung, a managing partner at Notable Capital, formerly GGV Capital, has a lot of thoughts on the state of venture today. Notable Capital is a...
This article was contributed to TechCabal by Uzoma Dozie. I am going to do banking, but better. The vast majority of our current crop of African...
Ansa, a startup that helps merchants develop and offer branded virtual wallets, has raised a $14 million Series A round of funding, the company has told...
With the African tech ecosystem beset by a funding downturn, rising inflation, layoffs and startup shutdowns, the industry was off to a slow and uncertain start...
In the world of startups, it’s not uncommon to see talent from successful companies go on to found their own ventures. This is particularly evident in...
In partnership with Good morning ☀️ Before we get to today’s edition, here’s a reminder that we launched The Big Daily last week, it’s TC Daily...
Fundid’s founder shares how rising interest rates, VCs and partners killed the business finance startup Welcome to TechCrunch Fintech! This week, we’re looking at Stripe’s big product...
Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced that it would let customers accept cryptocurrency...
Open banking may be a global trend, but implementation is fragmented. The fintech startups doing the legwork to make it a reality in smaller markets could...
Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” Financial terms of...
Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a...
Sanlo, a fintech startup that helps gaming companies manage finances, announced Wednesday the closed beta launch of its webshop tool, giving select game developers and studios...
India’s central bank ordered Kotak Mahindra Bank to immediately cease onboarding new customers through its online and mobile banking channels and to stop issuing fresh credit...
Winding down a startup can be bittersweet for founders. In the case of Fundid, rising interest rates killed the business finance startup. But VCs and partners...
Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital,...
After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two...
When The Peer, a Nigeria-based API startup, shut down in April, the business still had up to twenty months of runway. The shutdown, which its founders...