financial services

Tradeshift cuts headcount by three figures in effort to turn towards profitability

Last month, Tradeshift, a platform for supply chain payments that has achieved unicorn status in recent years, had some good news and some bad news. It announced a Series F funding round of $240 milli

Recommendations for fintech startups navigating the procurement process

Payments and lending spring to mind as “classic” fintechs, but other models like regtech, compliance, human resources and marketing are on the ascent.

Money-transfer startup Remitly launches Passbook, a neobank aimed at immigrants

Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer ba

Persona raises $17.5M for an identify verification platform that goes beyond user IDs and passwords

The proliferation of data breaches based on leaked passwords, and the rising tide of regulation that puts a hard stop on just how much user information can be collected, stored and used by companies h

Teller raises $4M to take on Plaid in the US by providing API access to bank accounts

“They’re idiots, they’re really naive,” is how Stevie Graham, the co-founder of fintech Teller, once described Open Banking Limited, the body charged with delivering open banki

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based

Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups

The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia, and Latin America over the next three years. The Boston based accel

Open banking platform Tink raises €90M at a post-money valuation of €415M

Tink, the European open banking platform, is disclosing €90 million in new funding, just 11 months after the Sweden-headquartered company announced a €56 million round of funding. Co-leading this

Visa is acquiring Plaid for $5.3 billion, 2x its final private valuation

Visa announced today that it is buying financial services API startup Plaid for $5.3 billion.  Plaid develops financial services APIs. It is akin to what Stripe does for payments, but instead of faci

Google Cloud launches new solutions for retailers

It’s no secret that the Google Cloud management team has decided to focus its efforts on a select number of enterprise verticals like healthcare, manufacturing, financial services, energy and li

2019 saw a stampede of fintech unicorns

Two years ago, we created the Matrix FinTech Index to highlight what we saw as the beginnings of a 10+ year mega innovation wave in financial services.

VCs from Accel and SoftBank talk Europe’s startup scene, what they expect in 2020, and the future of SoftBank

If you haven’t noticed, Europe’s startup scene is in full bloom, with more than $30 billion deployed in startups across the continent over the last 12 months and more than 20 countries now

Who will the winners be in the future of fintech?

In a world where people access their financial services through one universal hub, which companies are the best-positioned to win?

Fintech’s next decade will look radically different

Fintechs are heavily verticalized, recreating the offline branches of financial services by bringing them online and introducing efficiencies, but the next decade will look very different.

Chatbots spotlight machine learning’s trillion-dollar potential

The directional trends are clear: chatbots are an important component of our AI-driven future, and the C-suite is taking notice.

FintechOS raises $14M to help banks launch products as fast as fintech startups

Over the last few years, we’ve seen the rise of fintech startups like N26 and Monzo to challenge the incumbents with new products like challenger banks. But what if the big banks wanted to compete i

A look at Latin America’s emerging fintech trends

Because many Latin American gig economy workers don't have access to basic financial services like bank accounts, personal loans and insurance, fintechs are springing up to serve them.

Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team

It didn’t take much for the founders of Cora, Brazil’s newest startup to tackle some aspect of the broken financial services industry in the country, to raise their first $10 million. Igor

Rapyd, which offers fintech-as-a-service via a single API, adds $20M more to its coffers at a $1.2B valuation

One of the biggest trends in the world of financial technology has been an ongoing push towards consolidation, where larger fish are snapping up smaller fish (including a proliferation of interesting

Salv, the anti-money laundering startup founded by ex-TransferWise employees, picks up $2M seed

Salv, an anti-money laundering (AML) startup founded by former TransferWise and Skype employees, has raised $2 million in seed funding. The round is led by Fly Ventures, alongside Passion Capital and
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