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