Banking

Mobile bank Chime picks up credit score improvement service Pinch in all-stock deal

Chime, the no-fees mobile bank valued at $500 million as of its last round, has put some of its funds to use with its first acquisition. The deal is for Pinch, a startup that was focused on helping mi

It’s the end of crypto as we know it and I feel fine

Watching the current price madness is scary. Bitcoin is falling and rising in $500 increments with regularity and Ethereum and its attendant ICOs are in a seeming freefall with a few “dead cat b

The Winklevoss stablecoin is one small step toward crypto acceptance

A stablecoin is a cryptocurrency pegged 1-to-1 with another “stable” currency. In most cases, these coins are pegged to the US dollar and, as such, allow for true transfers of actual fiat

Australia’s Simple lands $17M to grow its marketing intelligence platform worldwide

Simple, an Australia-based business that operates a platform for managing marketing strategies and campaigns, has pulled in $17 million to expand its business in the U.S. and other global markets. The

The dramatic rise and fall of online P2P lending in China

Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. When Emily Zhang was interning with a peer-to-peer (P2P) lending firm in the Summer of 20

India’s answer to WeWork raises $20M

WeWork rivals are in the money this year. India’s biggest rival to the U.S. co-working giant, a Mumbai-headquartered startup called Awfis, announced that it has raised $20 million in new capital

Taking the pain out of accounting and payroll for small businesses, ScaleFactor raises $10 million

ScaleFactor, the Techstars alumnus that’s selling accounting and payroll management software as a service, has raised $10 million in a new round of funding as it looks to scale up its sales and

CowryWise micro-savings service opens high-yield government bonds to everyday Nigerians

In emerging market countries where economic volatility is a way of life, there aren’t a lot of relatively safe options for members of the burgeoning middle class to park their money. For instanc

Truecaller makes first acquisition to build out payment and financial services in India

Sweden’s Truecaller started out life as a service that screens calls and messages to weed out spammers. In recent times the company has switched its focus to India, its largest market based on u

Nigeria’s Piggybank.ng raises $1.1M, announces group investment product

Seeking to tap into Africa’s informal savings groups the Nigerian investment startup Piggybank.ng closed $1.1M in seed funding and announced a new product -- Smart Target, which offers a more secu

UPDATE: WorkFusion adds to its $50 million with strategic investors as it bulks up for acquisitions

WorkFusion, a business process automation software developer, added two new investors to its $50 million April round. The company’s new strategic investors include the large insurance company, G

Ripple is going after startups to build an ecosystem around the XRP cryptocurrency

It’s finally happening. Ripple is making a push to expand the use of the XRP cryptocurrency into new verticals and segments beyond the payment and banking space where the company is focused. XR

Mobile money-saving app Qapital raises $30 million to spend on growth

Qapital, one of a slew of mobile applications trying to make it easier for users to save money (and spend it more wisely), has raised $30 million in fresh financing as it expands beyond savings to off

PayPal to roll out banking products for the ‘unbanked’ in the weeks ahead

PayPal is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other

Polish bank begins using a blockchain-based document management system

A blockchain company called Coinfirm has announced a partnership with PKO BP, a major Polish bank, to provide blockchain-based document verification using a tool called Trudatum. The project is a an a

Amazon may launch a bank account aimed at teens, says report

Amazon has been in discussions with banks to create a product aimed at teens and other younger users who don’t have their own credit cards, or an interest in applying for one, according to a new

Square’s Cash app now supports direct deposits for your paycheck

It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. Case in point, the app just rolled out support for ACH direct depos

U.S. banks’ Venmo alternative, Zelle, moved $75B last year, says 100,000 people enroll daily

Zelle, U.S. banks’ answer to mobile payment services like PayPal and Venmo, claims that nearly 100,000 consumers, on average, are signing up for its service per day. The company also painted a p

Marijuana-friendly states ask Congress to make banking legal for the weed industry

Recreational marijuana might be having its moment, but that doesn't mean that all the kinks are worked out. Because of laws that still classify it as an illicit substance on the federal level, the ban

Betting consumers are tired of bad bank behavior, Aspiration raises $47 million for its alternative

A who's-who of celebrities, investors and celebrity investors have come together to invest $47 million into Aspiration, the company launched by a former speechwriter for President Bill Clinton to chal
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