Banking

Cash App takes on Apple with a 4.5% APY for savings accounts (with direct deposit)

Apple’s recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer “up to&#8

YC-backed Cambio puts AI bots on the phone to negotiate debt, talk to a bank’s customers

A Y Combinator-backed startup called Cambio is bringing AI to the banking world in a surprising way: It’s putting AI bots on the phone with companies and consumers. The startup began by offering

ModernFi secures $18.7M to help banks grow their deposit base

The company provides community and regional banks with end-to-end deposit management capabilities, including a deposit network.

Prometeo raises $13M from PayPal, Samsung and more to bring open banking to Latin America

Open banking — where traditional banks can share data, and build new services, by way of APIs that bring their ageing systems into the 21st century — has seen its biggest traction to date

Comun channels local banking approach to serve Latino immigrants

Comun offers digital banking services, including instant payments, check deposits and early paychecks and provides customers with access to native Spanish-speaking reps seven days a week. 

Leverage banking data to scale effectively and remain compliant

Data can provide a wealth of insights into the financial health of customers, along with information about how they spend their money and where. The only question is, what to do with all of it?

Carefull lands $16.5M to shield seniors from financial fraud

Carefull, a fintech platform that aims to help banks protect older customers from fraud, scams and “money mistakes,” today announced that it raised $16.5 million in a Series A round led by

Fintech faces its reckoning: It’s only a matter of time until the house of cards collapses

The fintech business models that wooed consumers look increasingly tenuous. It’s only a matter of time until the house of cards collapses.

Zopa, the UK neobank, hits 1M customers and raises another $93M

In 2021, U.K. neobank Zopa, which has been around since 2004, leapt to a $1 billion valuation on the back of a big investment from SoftBank and a plan to go public by 2022. Now it’s 2023, and Zo

Slash aims to corner the Gen Z market with business-focused banking features

Around two years ago, Victor Cardenas and Kevin Bai — college dropouts from Stanford University and the University of Waterloo, respectively — built a fintech platform called Slash that le

As another startup bank partner collapses, tech feels the gap

In the wake of FRB's collapse, founders and investors continue to wonder: Where is the best place to protect important assets?

Founders, don’t put all your cash in one basket

Whether you are an individual or a company, it makes sense to have more than one bank. Yet, many startups don't.

Signature Bank seizure creates obstacles for crypto industry while promoting ‘unbanked’ innovations

Unease is rising in crypto after federal regulators seized Signature Bank, Silvergate Capital wound down operations, and Silicon Valley Bank collapsed.

Hatch Bank says hackers used Fortra bug to steal 140,000 customer Social Security numbers

Hatch Bank, a digital-first bank that provides infrastructure for fintech companies offering their own brand credit cards, confirmed hackers exploited a zero-day vulnerability in the company’s i

For Black founders and investors, ringing Nasdaq’s opening bell symbolizes progress

“We’ve come a long way, but we still have a long way to go," one investor told TechCrunch about the event.

Highbeam secures $10M loan to provide credit, spend monitoring and more to e-commerce retailers

Highbeam, a startup that provides banking features, credit and cash flow insights to e-commerce customers, today announced that it raised $10 million in debt from TriplePoint as it looks to expand the

With Bling, the fintech startup revolution spreads even to pocket money

Today, banks and fintech startups tend not to provide products dedicated to families, specifically, and this has appeared as something of a gap in the market. Meanwhile the general lack of financial

GoHenry, the fintech for under-18s, raises $55M after passing 2M users

Neobanks have made a name for themselves by successfully winning the business of newly minted adults, opening their first checking, savings and investment accounts and uninterested in doing business w

Jiko banks $40M in Series B funding to offer companies a way to park their cash in T-bills

Jiko started its life as a mobile bank for consumers. But over time, the fintech startup has evolved its model — mostly fueled by demand — and is now making a push into corporate money sto

Fintech app Portabl raises $2.5M to help consumers securely store financial data

It provides identity management and protection for financial services, banking and consumer apps.
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