financial technology

Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its ‘DeFi Robinhood’

Back in December last year Injective Protocol launched the testnet for its DeFi protocols for cross-chain derivatives trading, with backing from giant crypto exchange Binance. It has now raised $10 mi

Hustle Fund backs Fintor, which wants to make it easier to invest in real estate

Farshad Yousefi and Masoud Jalali used to drive through Palo Alto neighborhoods and marvel at the outrageous home prices. But the drives sparked an idea. They were not in a financial position to purch

Jack Ma’s Ant called to end anti-competition in payments

The details for Ant’s overhaul have arrived. Ant Group, the fintech affiliate of Alibaba controlled by Jack Ma, will become a financial holding company that will bring more regulatory scrutiny over

Nigerian fintech Appzone raises $10M for expansion and proprietary technology

Africa’s fintech space has gained proper attention over the past few years in investments but it is not news that startups still battle with offering high-quality products. However, they seem to

Mexican unicorn Kavak raises a $485M Series D at a $4B valuation

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more tha

Acorns’ new fintech target is debt management with acquisition of Pillar

Popular saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021. New York-based Pillar helps consumers opti

Coinbase to direct list on April 14th, provide financial update on April 6th

Today Coinbase, an American cryptocurrency trading platform and software company, said that it will begin to trade via a direct listing on April 14th. In a separate release the company also said that

Embedded procurement will make every company its own marketplace

The embedded fintech movement has just begun, but there is already a sister concept percolating: embedded procurement, which will allow businesses to buy things they need through vertical B2B apps.

PayPal’s new feature allows US consumers to check out using cryptocurrency

PayPal this morning announced the launch of Checkout with Crypto, a new feature that will allow consumers to check out at millions of online businesses using cryptocurrency. The feature expands on Pay

Hopper raises $170M and partners with Capital One on a new cardholder travel booking portal

Canadian travel startup Hopper has raised a $170 million Series F round, led by Capital One. The U.S. banks and credit card company is also coming on board as a strategic partner, to launch Capital On

Fraud prevention platform Seon raises a $12M Series A round led by Creandum

Seon, which lets online businesses fight online fraud like fake accounts has raised a $12 million Series A round led by Creandum, with participation from PortfoLion, part of OTP Bank. The funding appe

Trading platform eToro to go public via SPAC merger in $10B deal

Multi-asset investing and trading platform and Robinhood competitor eToro announced Tuesday it will go public via a merger with SPAC FinTech Acquisition Corp. V in a massive $10.4 billion deal. Once t

Socure raises $100M at $1.3B valuation, proving identity verification is hotter than ever

The COVID-19 pandemic has accelerated digital adoption in a way that no one could have ever anticipated, and as more people conduct more services online and via mobile devices, businesses have had to

Cheese raises $3.6M for its digital bank aimed at the Asian-American community

Many things have accelerated in the world of fintech over the past year, not the least of which is the trend of digital banks aimed at specific communities in the U.S. In the past few months alone, a

Income verification is white-hot right now, and Plaid wants in

Fresh off the termination of its planned merger with Visa, Plaid announced Thursday a new income verification product, which it said is aimed at “improving the lending lifecycle” with payroll data

Minu, a Mexico City-based, pay-on-demand startup, lands a $14M Series A

Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. One such c

First Boulevard raises $5M for its digital bank aimed at Black America

The murder of George Floyd last May ignited many things in the United States last year — one of which that was perhaps unexpected: a rise in the number of digital banks targeting the Black commu

Fintech companies must balance the pursuit of profit against ethical data usage

Big Tech has written the playbook for what not to do with our data, while also laying a framework for how to build exceptional experiences.

Capitalize, a startup that wants to make it easy to roll over your 401(k), closes on $12.5M Series A

If you’ve ever left a job, chances are you left your 401(k) plan along with it. And, if you’re like many Americans and change jobs every few years or so, you could have multiple 401(k) plans sprea

OptioLend launches new marketplace to become ‘the LendingTree of commercial real estate’

The commercial real estate industry is facing its share of challenges, considering the fact that so many people are working from home (and not in offices) and retail is riding a slippery slope as more
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