Fintech

Mobile bank Chime picks up credit score improvement service Pinch in all-stock deal

Chime, the no-fees mobile bank valued at $500 million as of its last round, has put some of its funds to use with its first acquisition. The deal is for Pinch, a startup that was focused on helping mi

Japanese startup Paidy raises $55M Series C to let people shop online without a credit card

Paidy, a fintech startup that enables Japanese consumers to shop online without using a credit card, announced today that it has raised a $55 million Series C. The round was led by Japanese trade cong

Questions remain after the CEO of fintech VC Anthemis resigns

Anthemis Group, the fintech VC fund based in London, has lost its long-time CEO after Nadeem Shaikh handed in his resignation earlier this week. The Financial Times broke the story yesterday, quoting

Drip Capital helps exporters access working capital

Drip Capital is raising a $20 million funding round from Accel, Wing VC and Sequoia India. The company is helping small exporters in emerging markets access working capital in order to finance big ord

Revolut announces a Robinhood-like trading product

Fintech startup Revolut likes to announce new things all the time. Even though nothing is going live today, it’s interesting to see where the startup is heading. The company is working on a trading

Lendix raises $37 million for its lending marketplace

French startup Lendix has raised a new funding round of $37 million (€32 million). With this new influx of cash, the startup has one goal in mind. It wants to become the leading lending marketplace

N26 now has 1 million customers

You don’t sign up for a bank account every day. And yet, German startup N26 has managed to attract 1 million clients across Europe. They generate €1 billion in transaction volume every month ($1.1

Yahoo shuts down social savings app Tanda only months after launch

Well, that didn’t take long. Yahoo Finance’s new social savings app Tanda, which launched just this January, is already shutting down. The company announced the news of the app’s clo

Vota turns your credit card transactions into recommendations, helps you spot fraud

Oh my god, someone’s doing Blippy again. If you’ve been around the internet as long as I have (too long), you’ll probably remember the meteoric rise of the social network for sharing

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&
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