Fintech

DFS Lab is helping the developing world bootstrap itself with fintech

Entrepreneurs have it rough in Africa, India, Pakistan — places where VC cash doesn't fall from the sky and necessary infrastructure like reliable banking and broadband can be hard to come by. But c

Revolut launches disposable virtual cards

Fintech startup Revolut is launching a new type of virtual cards — disposable cards for online purchases. While you could already generate additional virtual cards for a fee, this is a different kin

Chargebee raises $18M to help businesses manage subscriptions

The subscription model is growing in popularity as a way to monetize a service, netting in trends in SaaS, media, e-commerce and other verticals that are in search of more predictable, recurring reven

Lydia launches Lydia Premium

French startup Lydia announces two new things today. First, the company is launching a financial hub with multiple new products. Second, Lydia is announcing a new premium subscription to access those

N26 raises $160 million from Tencent and Allianz

German startup N26 just raised a $160 million Series C round led by Tencent and Allianz — some of N26’s existing investors are also participating. The company has attracted 850,000 customers and r

Revolut adds direct debits in Europe

Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. While Revolu

Square’s Cash app now supports direct deposits for your paycheck

It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. Case in point, the app just rolled out support for ACH direct depos

Citi wants fintech startups to disrupt institutional banking

Financial services giant Citi reckons fintech startups are missing out on a major opportunity to disrupt institutional banking. Indeed, it’s inviting entrepreneurs to do so. “Opportunity i

Senate cryptocurrency hearing strikes a cautiously optimistic tone

In a hearing today before the Senate Banking Committee, SEC Chairman Jay Clayton and Commodity Futures Trading Commission Chairman Christopher Giancarlo opened up about what the near-term U.S. regulat

Alibaba is picking up 33% of Ant Financial, its fintech affiliate that’s valued at over $60B

Alibaba has added an additional angle to the announcement of its latest financial report today with news that it is taking a 33 percent stake in Ant Financial, its fintech affiliate that operates Alip

Yahoo Finance launches social savings app Tanda, an alternative to credit cards

Yahoo Finance today launched a new app called Tanda that allows small groups of either five or nine people to save money together for short-term goals. The app uses the concept of a “money pool&

Revolut launches geolocation-powered travel insurance

Fintech startup Revolut is launching international medical and dental insurance. You can subscribe using the company’s app for £1 per day or more depending on the options. But the best part is that

Curve, the fintech that connects all your cards to a single card and app, gets full consumer launch

Curve, the London fintech startup that offers a platform that lets you consolidate all your bank cards into a single Curve card and app to make it easier to manage your spending, is finally launching

Alkami raises $70 million for mobile banking software

There’s a startup in Texas that’s been quietly building the technology that powers mobile banking apps. Plano-based Alkami has developed a white label service that credit unions and banks

TransferWise begins private launch of its consumer borderless account and bright green debit card

Money transfer company TransferWise has begun a private launch of its "Borderless account" for consumers. It marks the first time the European unicorn has offered a debit card, a move that is bound to

Financial technology startups emerged as serious challengers to financial services in 2017

While cryptocurrencies stole the spotlight in 2017, a clutch of companies were quietly working behind the scenes to slowly bring the financial services establishment to its knees. It may turn out that

Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending market

After 12 years working for banks and consulting firms on the digital transformation of financial services, Creditas founder Sergio Furio finally found a problem he felt he could build a business aroun

Max Levchin’s Affirm raises $200 million at a nearly $2 billion valuation

Affirm, the platform that helps consumers find financing, is getting some financing of its own. The San Francisco-based company confirmed that it's raising $200 million, led by GIC, a Singaporean sove

Why America could miss out big time on India’s fintech revolution

There’s an old trope in the West that India is like Indian trains -- exotic, lurching and slow. But tropes can be bad as a business strategy -- and this trope is causing American companies to miss o

N26 launches a premium debit card for ‘the digital customer,’ partners with WeWork

N26, the European mobile banking service, today announced the launch of N26 Metal, the company’s premium MasterCard-affiliated debit card “tailored to the needs of digital customers”
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