online banking

UK signs its first data sharing deal post-Brexit, with South Korea

Six years on from the referendum where the United Kingdom voted to leave the EU, and in the midst of an apparent government meltdown, the country is announcing its first international data sharing dea

Cloaked raises $25M Series A to generate privacy-friendly identities on the fly

Cloaked, a Boston-based startup that allows users to generate unique email addresses and phone numbers when creating online accounts, has secured $25 million in Series A funding. Founded in 2020 by br

Rho raises $75 million Series B for its one-stop corporate spend and cash management solution

Corporate spend and cash management company Rho today announced that it has raised a $75 million Series B funding round, alongside a redesign and rebranding.

Facebook is making two-factor mandatory for high-risk accounts

Facebook, a recently added subsidiary of Meta, said it will make two-factor authentication (2FA) mandatory for high-risk accounts likely to be targeted by malicious hackers. The move is part of a majo

Airwallex raises $100M at a $5.5B valuation to expand its business banking and payments platform globally

E-commerce and other online businesses are becoming increasingly global in their operations and customer bases, and a startup called Airwallex — which has built a banking solution that addresses

South African payments gateway Ozow raises $48M Series B led by Tencent

According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa als

TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks

Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and n

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 knew the potential for success in Brazil.

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

David Velez needed to fill two key co-founding roles to begin building Nubank — he needed a CTO to lead the engineering side of the business, as Velez didn’t have an engineering background.

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

It’s easy to assume the name Nubank refers to “new bank,” but that’s not what the founders were going for. The word “nu” in Portuguese means “naked,” and Velez wanted the name to refle

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.

Aspire’s business accounts reach $1B in annualized transaction volume one year after launching

Singapore-based Aspire, which wants to become the financial services “one-stop shop” for SMEs, announced that its business accounts have reached $1 billion in annualized transaction volume one yea

This founder raised millions to build Fair, a neobank for immigrants

Fair, a multilingual digital bank and financial services platform, is launching to the public after raising $20 million in 40 days earlier this year. Founder Khalid Parekh raised the capital primarily

Venmo adds a check-cashing feature, waives fees for stimulus checks

Venmo this morning announced it will begin to offer a new check-cashing service, “Cash a Check,” in the Venmo mobile app. The feature, which is being rolled out to select users starting to

Leading a $15 million round, Prosus Ventures makes the challenger bank Klar its first bet in Mexico

Klar, a new online bank based in Mexico City, has become the first big bet that Prosus Ventures (the firm formerly known as Naspers Ventures) is taking in Latin America outside of Brazil. Founded by S

This UX specialist opened 12 UK bank accounts and ‘logged everything’

“I’ve got a really high attention to detail, which might sound great, but it’s possibly a curse because I can’t help but spot problems with everything around me,” says Peter Ramsey.

Online ID verification is seeing a spike in demand driven by COVID-19

With many businesses switching staff to remote working during the COVID-19 pandemic there’s been a clearly chronicled surge in demand for videoconferencing and others comms tools like Zoom. Othe

Grab and Singtel team up to apply for a digital full bank license in Singapore

Grab and Singtel, one of the largest telecoms in Singapore, announced today that they are applying for a digital full bank license together. If approved, the license will allow them to offer simple cr

Who will the winners be in the future of fintech?

In a world where people access their financial services through one universal hub, which companies are the best-positioned to win?

China Roundup: Xi’s power on bitcoin, the rise of Alibaba’s new rival

Welcome back to TechCrunch’s China roundup, a digest of the latest events that happened at major Chinese tech companies and what they mean to tech founders and executives around the world. Alibaba&#
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