Fintech

How PayJoy built a $300M business by letting the underserved use their smartphones as collateral for loans

Lerato Motloung is a mother of two who works in a supermarket in Johannesburg, South Africa. After her phone was stolen, Motloung had to go without a mobile phone for nine months because she could not

TransferGo raises $10M to expand its remittance business in Asia, doubling valuation

TransferGo, the U.K.-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to e

Fintech representation in YC’s Demo Days is definitely shrinking

Welcome to TechCrunch Fintech! This week, we’re looking at just how many fintech companies made it into Y Combinator’s Winter 2024 cohort, how much funding slid in the first quarter, and more! To

Cross-border fintech stands out in Y Combinator’s Winter 2024 cohort

Cross-border is hot right now, so it’s no surprise that one of the trends among Y Combinator’s Winter 2024 batch of nearly 30 fintech startups is how to more easily move money globally.

Fintech funding slows to the lowest level since 2017

CB Insights released its Q1 2024 State of Venture Report, revealing that fintech funding slid by 16% during the three-month period.

Sachin Bansal’s fintech Navi seeks $2B valuation in its first major external fundraise

Flipkart co-founder Sachin Bansal is in talks to raise capital for his new startup, Indian fintech Navi. Bansal is talking to investors to raise at a valuation of around $2 billion, three sources fami

Robinhood’s new Gold Card, BaaS challenges and the tiny startup that caught Stripe’s eye

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at Robinhood’s new Gold Card, challenges in the BaaS space and how a tiny startup caught Stripe’s eye. To get a

NewRetirement aims to shake up retirement planning with a holistic approach

NewRetirement builds software to help people create financial retirement plans.

TechCrunch Minute: Robinhood’s credit card has arrived to take on Apple and any upcoming challengers

Robinhood’s new credit card was revealed Tuesday, and though it’s only available for Robinhood Gold members, the Gold Card does have a feature that’s spurring headlines: the ability

Robinhood’s new credit card goes after Apple Card with ability to invest cash-back perks

Eight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy. Robi

Synctera is the latest banking-as-a-service startup to lay off staff

Banking-as-a-service startup (BaaS) Synctera has conducted a restructuring that has resulted in a staff reduction, the company confirmed to TechCrunch. While Synctera did not share how many employees

Maju Kuruvilla is out as CEO of one-click checkout company Bolt

Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kur

Non-sexy industries can appeal to investors too

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at some hot fintech startups in Africa, how Mint’s closure has been Copilot’s gain and why VCs have dou

Swiss fintech nsave gets $4M to enable people from unstable economies to open offshore accounts

Swiss fintech nsave, which is making banking in Switzerland accessible to people in countries with unstable banking sectors or facing high inflation, has raised $4 million seed funding. The round was

Budgeting app Copilot is booming now that Mint is dead, leading to $6M Series A

The company reached profitability in 2023, however, more customers began asking for web and Android capabilities so they could share Copilot with family and friends.

VCs double down on fintech Coast, which aims to be the Brex for ‘real-world’ industries

The expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share. Those companies are generally focused on tech startups and large co

Pelikan Mobility is building a software-enabled commercial EV leasing solution

Chances are you may have noticed that many commercial vehicles are now electric vehicles — think delivery vans, telecom minivans, utility maintenance trucks, and so on. But there are still many dies

Ramp CEO says the fintech startup is just scratching the surface

Fintech exploded over the last five years. Startups in the category raised more than $350 billion in VC funding from 2019 through 2023, according to data from CB Insights. Despite all that growth, Eri

Nala set out to offer remittance services, it’s building a B2B payment platform too

Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. Nala founder Benjamin Fernandes

Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M

Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets. Moove did
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