fintech

  • Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

    Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

    Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the U.S. banking industry a foothold in the person-to-person payments business, where they’re losing ground to services like PayPal, Venmo, Square Cash and, very soon, Apple’s iMessage, powered by Apple Pay. Read More

  • SoFi responds to sexual harassment and wage lawsuits

    SoFi responds to sexual harassment and wage lawsuits

    Last month a SoFi senior operations manager filed a lawsuit saying he was wrongfully terminated for reporting sexual harassment, as well as for outing managers who he claims improperly recorded loans. Five former SoFi employees filed a separate lawsuit alleging they weren’t given breaks or paid in accordance with California law. Now, SoFi CEO Mike Cagney is sharing more info about… Read More

  • Dharma wants to let anyone borrow a small amount of cryptocurrency

    Dharma wants to let anyone borrow a small amount of cryptocurrency

    dApps, or decentralized apps, are open-source applications built on top of a blockchain. But here’s the thing – users usually can’t interact with these dApps unless they have tokens issued by these projects. For example, both Augur, a decentralized prediction market and REXMLS, a free global listing network for real estate, require tokens to interact with. But if you… Read More

  • Mortgage technology provider Blend raised another $100 million led by Greylock

    Mortgage technology provider Blend raised another $100 million led by Greylock

    San Francisco-based Blend is simplifying the process of mortgage applications for both borrowers and lenders, but is looking to expand into other lending products. To do that the company has raised $100 million in new funding led by Greylock, with participation from a bunch of existing investors. Read More

  • N26 now has 500,000 customers for its bank of the future

    N26 now has 500,000 customers for its bank of the future

    Fintech startup N26 is getting more and more customers. The company reported 300,000 customers back in March. It now has 500,000 customers across Europe. More importantly, growth seems to be accelerating as the startup announced that it was adding a thousand customers every day back in March. Now, around 1,500 customers sign up every day. “More than 60 percent of our growth is still… Read More

  • Taxes in the gig economy Crunch Network

    Taxes in the gig economy

    The first generation of gig economy contractors is essentially riding shotgun as an entirely new industry defines itself. While they enjoy flexibility and a convenient way to supplement a primary income, they also must act as guinea pigs uncovering the shortcomings of the industry’s support network. One issue in particular has become a clear gap for gig economy workers: taxes. Read More

  • Original Tech helps banks offer better loan applications

    Original Tech helps banks offer better loan applications

    Americans apply for more than 250 million new financial products each year, but the majority of those applications are completed on paper or over the phone. A startup called Original Tech wants to change that by providing white-label software to improve loan applications completed online. Read More

  • PayPal to acquire Swift Financial to bolster small business lending

    PayPal to acquire Swift Financial to bolster small business lending

    Global payments processing company PayPal announced this morning that it has agreed to acquire Swift Financial, which provides small business owners with working capital. Terms of the deal were not disclosed, but the acquisition will give PayPal better tools to expand its own Working Capital product. Read More

  • Lambda School aims to cash in by upskilling untapped talent

    Lambda School aims to cash in by upskilling untapped talent

    As the saying goes, the future is already here — it’s just not very evenly distributed. Also not evenly distributed: Access to the expensive education typically needed to stand a chance of obtaining one of the jobs of the future. Y Combinator backed Lambda School is hoping to change this, with a new approach to funding higher education. Read More

  • Savings app Qapital now offers a checking account and debit card

    Savings app Qapital now offers a checking account and debit card

    Savings app Qapital wants people to make more conscious decisions around their money. While to date that meant helping its users build up savings, now Qapital will help manage their day-to-day spending through a new checking account and debit card.  Read More

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