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Snapcommerce grabs its cape and becomes Super

The company relies on data, which was telling it that customers didn’t just want to save more, but needed to save more.

African fintechs halt virtual dollar cards after Union54 chargeback fraud surge

Last Friday, Barter, the consumer app of Africa’s most valued startup Flutterwave, told customers via email that they would not be able to access its virtual dollar card service from July 17. Hence,

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank. 

Stripe flexes its fintech muscle with Financial Connections to pull banking data automatically

Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO, today announced a new product that fills in some significant gaps in its play to be the fina

PayPal’s new credit card pays 3% cash back on all PayPal purchases

PayPal is revamping its co-branded PayPal Cashback Mastercard credit card, issued by Synchrony, which will now give users 3% cash back when they check out using PayPal and 2% cash back on all other Ma

Nigeria’s ThankUCash secures $5.3M to build infrastructure for cash back, deals and BNPL services

Loyalty, deals and rewards services are a rarity in most African markets. The unit economics and other factors such as currency instability make such businesses hard to pull off in the region. Yet Tha

Egyptian fintech Sympl raises $6M for its ‘save now, pay later’ service

Buy now, pay later (BNPL) offerings have existed for a long time, but increased in popularity as the pandemic made more people shop online and conserve cash. Though BNPL has taken off in most parts of

Visa hopes its new crypto consulting arm will help it become cooler than its competition

The world’s largest card company just doubled down on its bid to capture the crypto market. Visa announced today that it has launched a crypto advisory practice for its clients and partners under it

Aplazo takes in $27M to increase adoption of BNPL in Mexico

Since its seed round, Aplazo grew its total processing volume more than eight times and in less than a year has partnered with over 1,000 merchants.

Productfy raises $16M to build ‘DeFi for traditional finance’

Productfy Inc., a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. Existing backers

MaxRewards banks $3M to reveal best payment methods that reap the most rewards

MaxRewards is a digital wallet app that manages credit cards and automatically activates benefits like rewards, cashback offers and monthly credits.

Extra Crunch roundup: Cohort analysis, YC Demo Day recaps, building your supply chain

We're off on Monday, September 6 to celebrate America's Labor Day holiday, but we'll be back with new stories (and a very brief newsletter) on Tuesday morning.

The next generation of global payments: Afterpay + Square

Sunday was a big day in fintech: Afterpay has agreed to merge with Square. This agreement sets two of the most admired financial technology companies in recent history on a path to becoming one.

How Western Union is fighting back against fintech startups

The saying goes that, “You can’t teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove that saying. Western Union has been operati

Privacy.com rebrands to Lithic, raises $43M for virtual payment cards

When Privacy.com was founded in 2014, the company’s focus was to let anyone generate virtual and disposable payment card numbers for free. The goal was to allow those users to keep users’ actual c

Chile-based Kredito raises $4M to help businesses get loans

In the last few months, we’ve seen an explosion in funding for consumer banking startups in Latin America, all eager to reinvent traditional banking in the region. However, the business banking spac

alt.bank, Brazil’s latest fintech targeting the unbanked, raises $5.5M

It looks like everyone and their mother is trying to reinvent the Brazilian banking system. Earlier this year we wrote about Nubank’s $400 million Series G, last month there was the PicPay IPO filin

Forget the piggy bank, Till Financial’s kids’ spend management app gets Gates’ backing

Today’s children and teens want more power and control over their spending. And while there are a number of financial services and apps out there aimed at helping this demographic save and invest mo

SoftBank bets big on a ‘digital Ellis Island’

Welcome Tech, which has built a digital platform aimed at immigrants and their families, has raised $35 million in a Series B funding round co-led by TTV Capital, Owl Ventures and SoftBank Group Corp.

Avant doubles down on digital banking with Zero Financial acquisition

Avant, an online lender that has raised over $600 million in equity, announced today that it has acquired Zero Financial and its neobank brand, Level, to further its mission of becoming a digital bank
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