Fintech

When startups fail, these startups clean up

Welcome to TechCrunch Fintech (formerly The Interchange)! Apologies for being out last week — a cold got the best of me, but I’m back and here to talk about the fact that shutting down startups is

Nubank CEO dishes on the neobank’s profit surge and how tourist VCs in LatAm have gone home

Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our

Fintech giant Stripe’s valuation spikes to $65B in employee stock-sale deal

Payments infrastructure giant Stripe said today it has inked deals with investors to provide liquidity to current and former employees through a tender offer at a $65 billion valuation. Notably, the v

Spain’s Embat, which has raised $16M, plans to compete with Trovata in real-time accounting

For obvious reasons, financial teams can spend a great deal of time on corporate treasury management, accounting and bank reconciliation, so anything that speeds up that process usually garners a lot

Grifin’s new model can automatically invest your money as you shop

Investing app Grifin today officially launched its anticipated investing model called “Adaptive Investing,” which enables you to automatically invest in your favorite brands that you frequently sh

PayPal Ventures’ first AI investment, a credit-based dating app and Robinhood’s good week

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at a new finance-based dating app, Robinhood’s earnings results and the startup in which PayPal Ventures made

Cash App takes on Apple with a 4.5% APY for savings accounts (with direct deposit)

Apple’s recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer “up to&#8

YC-backed Cambio puts AI bots on the phone to negotiate debt, talk to a bank’s customers

A Y Combinator-backed startup called Cambio is bringing AI to the banking world in a surprising way: It’s putting AI bots on the phone with companies and consumers. The startup began by offering

Score is a new dating app for people with good to excellent credit

You must have at least a 675 credit score to use it.

Maybe we’ll finally see a fintech IPO in 2024

Welcome to TechCrunch Fintech (formerly The Interchange)! We’re back after a brief hiatus, and I can tell you that judging by the volume of pitches I received last week, venture investing in the

Here are the fintech startups that could go public in 2024

Could 2024 be the year for fintech IPOs? Quite possibly, according to F-Prime Capital’s State of Fintech 2024 report. F-Prime — a VC firm with over $4.5 billion in assets under management that

SUMA Wealth grabs $2.2M as its financial platforms reach 1M users

SUMA Wealth’s platforms have seen 62% annual user growth, while revenue increased nearly five times in the past year.

Metronome’s usage-based billing software finds hit in AI as the startup raises $43M in fresh capital

Metronome, a startup that helps software companies offer usage-based billing, has raised $43 million in a Series B funding round led by NEA. Existing backers Andreessen Horowitz and General Catalyst a

Finvest app will have you invested in US Treasury Bills in minutes

Finvest is out to make the purchase, management and selling of U.S. Treasury Bills seamless, while also offering a high-yield cash management account with a 4.4% yield.

Block becomes the latest fintech to lay off workers

Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from

Fintech Ramp acquires another AI-powered startup

Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its aim was to “simpl

PayPal begins more layoffs

PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear at the time of writing how many people will be affected by

Inside Brex’s efforts to burn less cash

Welcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’m going to look at Brex’s latest round of layoffs, the state of fintech investing in 2023 and more! I may be taking som

Gen Z investing app Alinea raises $3.4M, plans to launch an ‘AI copilot’

Alinea Invest, a fintech app offering AI-powered wealth management aimed at Gen Z women, has $3.4 million in seed funding ahead of the launch of a virtual AI assistant that will help users with their

Klarna introduces $7.99 ‘Klarna Plus’ subscription plan as it approaches an IPO

Swedish fintech company Klarna announced today its first subscription plan, “Klarna Plus,” for $7.99 per month, featuring benefits like no added service fees when using Klarna’s One Time Card, d
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