financial services

Plaid snags Quovo to build full-service financial API offering

Plaid, a startup that has made a name building APIs for financial services apps aimed at consumers, expanded its horizon today with the purchase of Quovo, a similar company with a focus on the investm

Another day, another reversal in the stock market

Signs that the Federal Reserve could hold off on further interest rate hikes coupled with a booming jobs report sent stocks on Wall Street surging to close a volatile first trading week for the New Ye

Didi launches lending and insurance as new regulation threatens to lower driver numbers

Didi Chuxing, China’s dominant ride-hailing firm, is rolling out a range of financial and insurance services as it looks to fortify its service against a range of challenges in 2019. The company

2019 looks to continue another lights-out year for fintech startups

We predicted fintechs would prove to be the more relevant disruptors in 2018. Looking ahead to 2019, we predict that fintechs will continue to steal the show.

Stock markets suffer their worst Christmas Eve trading day

Twas the last trading day before Christmas, and on the trading floor, Most stocks were falling, and then falling some more, Treasury Secretary Steven Mnuchin all the banks had called, In hopes that fu

How a Chinese anti-virus software maker builds a fintech firm to wrestle with giants

360 Finance, an online consumer loan platform that spun off from China’s anti-virus service giant 360 Group, has joined a raft of Chinese fintech companies to go public in the U.S. over the last

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised a $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba ar

Walmart partners with Rakuten to open its first e-commerce store in Japan

Walmart is continuing its strategy of revamping its businesses in Asia after the U.S. retail giant opened its first e-commerce store in Japan, where it is working with local retail giant Rakuten. The

Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has its fourth unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new rou

Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capital

Kenya’s Twiga Foods has raised $10 million from investors led by the International Finance Corporation to add processed food and fast-moving consumer goods to its product line-up.

Venture capital and the blockchain will be the talk at Startup Battlefield Africa

TechCrunch Startup Battlefield returns to Africa next month, and we have an agenda chock-full of interesting panels and our premier startup competition. Joining us in Lagos, Nigeria on December 11 for

Credit Karma acquires Noddle from TransUnion and expands to the UK

Credit Karma, the US startup with 85 million users that offers credit reports and a platform to browse and buy other financial services, has made an acquisition to help it kick-start its first oversea

Messaging-based primary healthcare service 98point6 raises $50 million from Goldman Sachs

The messaging-based primary care provider 98point6 has raised $50 million in its latest round of led by the Merchant Banking Division of Goldman Sachs. It seems that Jo Natauri, the global head of hea

Sony posts $2.1B profit as PlayStation sales keep on growing

Sony’s PlayStation business continues to come on leaps and bounds after a 27 percent increase in gaming revenue helped the company record a $2.1 billion profit in Q2. The PlayStation division is

Forget Watson, the Red Hat acquisition may be the thing that saves IBM

With its latest $34 billion acquisition of Red Hat, IBM may have found something more elementary than “Watson” to save its flagging business. Though the acquisition of Red Hat  is by no m

Hong Kong’s Neat raises $3M to offer easy banking for startups and SMEs

Neat, a Hong Kong-based startup that gives startups and SMEs access to credit cards and banking services has pulled in $3 million in fresh funding. The new round is led by China-based VC Linear Capit

Nubank is now worth $4 billion after Tencent’s $180 million investment

Nubank, the Brazilian financial services company, has raised $180 million from the Chinese internet giant, Tencent. Tencent has long been interested in financial services startups, and with its $90 mi

Lunewave is pitching a new sensor offering better vision for autonomous vehicles

The investment arms of BMW and the Chinese search technology giant, Baidu, along with a large original equipment manufacturer for the auto industry and a slew of technology investors, have all come to

Circle wants more women to invest in cryptocurrency

The earliest adopters of Bitcoin — the libertarian anarchist “cypherpunk” crowd — were mostly men. Today, roughly a decade after Satoshi Nakamoto’s famed white paper was

South Africa’s Yoco raises $16 million to boost digital services to small businesses

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Harley Davidson reveals more about its push into electri
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