fintech
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Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel
Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Read More
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Final: One credit card account to rule them all
A startup called Final wants to change the way people use credit cards — or rather, the company wants to change the credit card industry to fit consumers’ lifestyles. With a 1% cash-back bonus and no annual fee, Final offers a competitive credit card product, but it really excels in the flexibility it provides in the way consumers can manage virtual cards across multiple vendors. Read More
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Instant bank transfers are coming to PayPal and Venmo
PayPal announced this morning a plan to speed up money transfers between its service, Venmo and users’ bank accounts for those with supported MasterCard and Visa debit cards. This new “instant transfers” service will be available at a rate of $0.25 per transaction, and will deliver funds in a matter of minutes, instead of the day or so it typically takes when using PayPal… Read More
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Tally wants to automate your financial life, with managing credit cards as its first step
It’s not easy to get out of credit card debt, but a startup called Tally wants to do just that, as its first step in helping to automate their personal finance. That company is launching a mobile app today that is designed to help consumers avoid late fees, lower credit card balances and maximize their savings. Read More
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Greenlight raises $7.5 million so parents can provide a smart debit card to their kids
For parents today, a company called Greenlight is offering a smart debit card that can be given to their kids, instantly reloaded with funds from a mobile app, and place restrictions around merchants their children can make purchases. Read More
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MoneyLion’s redesigned app gives personalized financial advice and instant access to personal loans
Personal finance management app MoneyLion was created to help users save money, reduce debt and improve their credit. Today the app is being updated to provide users with more personalized information about how they can improve their financial health, as well as even faster access to personal loans. Read More
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Wealthfront now helps users save up for their kids’ college tuition
Robo-advisor Wealthfront originally came to market with a product to automate retirement savings, but over time has expanded to provide other financial tools. Today, the company is announcing a new product aimed at helping parents save for their children’s college education. Read More
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Long Game raises $6.6 million for a savings account that doubles as a lottery ticket
Long Game is a bank account, with a twist. Every dollar saved can go toward winning a lottery. The personal finance app allows users to play games and win cash prizes. It may sound like a gimmick, but these are FDIC-insured accounts backed by Blue Ridge Bank in Virginia. And now Thrive Capital and Collaborative Fund are betting $6.6 million that Long Game will provide a windfall. Read More
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Crunch Network
A new era for startup investing in Latin America
Startups in Latin America are using creative solutions to address not just local but also global problems. For investors outside the region, the prospect of working with these startups can appear attractive, yet complicated. Investing in early-stage startups in Latin America can present challenges; however, time and time again I’ve found it can be well worth the effort. Read More
Latest Crunch Report
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LendUp launches a better credit card for people looking to improve their credit
LendUp has spent the last several years helping people who couldn’t get a loan build their credit and improve their financial well-being. Now the company is looking to empower those with little or no credit by giving them access to a credit card with low fees, financial education built in and incentives to spend less and pay off their balance. Read More
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CreditHero wants to help fix credit scores for those afraid to even look
With apps and services for investing and checking credit scores, it might seem like financial services are finally getting more mainstream. But people still need to have decent credit to get to the point where they’ll use those services. That’s why Nicole Sanchez and her co-founders started CreditHero, a service to help people understand their credit score — and how to… Read More
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Crunch Network
Brazil’s fintech boom offers new vertical opportunities for investors
Fintech is booming around the world. Global investments in fintech companies have continued to rise during the last two years. According to ABFintechs, the Brazilian fintech association, the fintech startup scene in Brazil has been especially hot. Read More
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Crunch Network
The real promise of regulatory technology
The future of banking is algorithmic. Bringing together big data and predictive analytics is already enabling financial service providers to make better real-time decisions on loans and other products, with a more flexible, customer-centric user experience. But if banking can be algorithmic, what about financial regulation and supervision? Read More
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Credit Karma now helps users find unclaimed cash
Since being founded a decade ago, Credit Karma has worked to help users better understand their credit scores and improve their financial health. Today the company is launching a new product that helps find unclaimed money they might not even have known was owed to them. Read More
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Sequoia-backed startup Empower aims to replace your bank’s app
Empower, a startup looking to help millennials better manage their finances, is today launching its mobile app for iOS devices. The new application combines the ability to see an overview of your day-to-day transactions and spending behavior, with other tools to transfer money between accounts, automate your savings, and soon, pay bills and pay down your debt. The ultimate goal… Read More
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Nav raises $13 million to help small businesses with credit scores
Goldman Sachs is leading a $13 million investment in Nav, a startup that helps small businesses with financial advice and credit scores. Billionaire Steven Cohen’s Point72 Ventures is also investing, along with Clocktower Ventures and the CreditEase Fintech Investment Fund. This follows $25 million that was invested in the company last year, and is considered part of the same Series… Read More
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With $3M in funding, Morty is launching a marketplace of mortgage lenders
While there are now more options for homebuyers seeking to find a new place to live, the process of getting a mortgage is still mostly an archaic, offline process with lots of unruly paperwork. New York-based Morty is trying to change that, and has raised $3 million to make its mortgage marketplace available to users. Read More
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Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe
Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking its first investment in an Australian startup — with participation from Sequoia China, MasterCard and other undisclosed investors. Read More
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Aspiration can now tell you the ‘social impact’ of your monthly spending
Looking for some insight into the societal cost of buying a cup of coffee, a double cheeseburger, or a pack of cigarettes? Well, financial services startup Aspiration now has an app for that. The fascinating fintech company that was co-founded by former Bill Clinton speechwriter Andrei Cherny just launched a new feature inside its mobile banking app that tracks a customer’s… Read More
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