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
Brazilian banking-as-a-service startup QI Tech has raised $200 million in a Series B round of funding led by New York-based General Atlantic. The raise is believed to be the largest in Brazil —
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a platform enabling banks and fintech
Banking-as-a-service involves a lot of facets and can be quite confusing, so we spoke to some experts who could make sense of it all.
Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised $70 million in a Series D round led by Insight Par
Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners. Existing backers Accel, Better Tomorrow Ventures and Flourish Ventures also partic
The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. Banking-as-a-service (BaaS) products like Synapse, Unit and Bond have helpe
Welcome to my weekly fintech-focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me riff
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with it
Jiko, a fintech startup that uses customer deposits to purchase short-term treasury bills, announced its first banking-as-a-service (BaaS) client today. It will partner with Euphoria, a technology sui
Swap, a São Paulo-based BaaS startup, announced today it has raised $25 million in a Series A led by Tiger Global Management. The financing was “heavily oversubscribed,” according to the company,
When Visa announced plans to purchase Plaid for $5.3 billion in January 2020, the deal represented one of the largest acquisitions of a fintech upstart by an incumbent financial powerhouse. But 12 mon
There's no one-size-fits-all solution, but having a better understanding of how BaaS providers position themselves between banks and fintechs can help potential customers determine which model is best
I have worked in startups for more than half of my life, and for most of that time, I was the only Black person in the room. As a result, the lack of representation in tech isn’t abstract to me. Bes
Last summer, Jeeves was participating in Y Combinator’s summer batch as a fledgling fintech. This June, the startup emerged from stealth with $31 million in equity and $100 million in debt financing
Enterprise IT is undergoing a platform shift from web-based, client-server systems to a mobile-cloud platform. This shift has caught the attention of all the major tech vendors who have either acquire
<a target="_blank" href="http://goinsant.com">GoInstant</a>, the startup that Salesforce.com bought for <a href="https://techcrunch.com/2012/07/09/salesforce-com-reported-to-buy-goinstant-for-70-milli
Startup <a target="_blank" href="http://appscale.com">AppScale</a> has launched its open-source backup up service for Google App Engine (GAE), which is compatible with standard cloud services that d
Suddenly all this backend stuff is hot. Who would have ever thought that data pipes and the spigots would get so much attention? Salesforce is getting into the game and now so is Rackspace with the l