Plaid

Norwest unveils a $3 billion fund, which is nearly one-fourth the capital it has ever raised

Norwest Venture Partners, the now 60-year-old venture and growth equity firm backed entirely by the banking giant Wells Fargo, today rolled out its sixteenth fund, a $3 billion vehicle and its biggest

Nigeria’s OnePipe raises $3.5M to double down on its embedded finance offering

Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to businesses and developers. And the attention on these companies, particularly from ve

Lessons we learned from the last week of fintech earnings

Let’s examine a series of winning fintech results from BNPL, consumer finance, proptech and corporate finance before turning to fintech's earnings misses from Q3 2021.

Stitch gets a $2M seed extension, hires Benjamin Dada to lead Nigerian expansion

Two months into 2021, South African fintech Stitch came out of stealth and raised $4 million in seed funding, allowing it to begin to make inroads into Nigeria some months ago. Today, Stitch formally

Potential winners and losers line up as Plaid pushes deeper into payments

So now Plaid says it’s a payments company. It was only a matter of time, really.

Plaid overhauls Plaid Link SDK with simplicity in mind

Since 2015, Plaid has helped developers connect users to banking information using an SDK (software development kit) called Plaid Link. As Plaid describes it in its SDK documentation, “The Plaid

Inside Plaid’s plans to build a new, global finance network

When Visa announced plans to purchase Plaid for $5.3 billion in January 2020, the deal represented one of the largest acquisitions of a fintech upstart by an incumbent financial powerhouse. But 12 mon

Atomic aims to give consumers more control over their income with payroll-connecting APIs

Fintech startup Atomic announced this morning that it has closed a $22 million Series A. Core Innovation Capital led the round, which saw participation from preceding investors. The company has raised

Tiger Global backs African fintech Mono in $15M Series A round

Mono, an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. The round, led by

Fintech founders can learn a lesson about frugality from these industry leaders

Venture-backed fintechs raised a record $30.8 billion in the second quarter of this year, up 30% over the same quarter last year. But how are fintech founders spending it all?

Felicis Ventures grows along with its returns, gathering up $900 million across two new funds

Fifteen years ago, Aydin Senkut, a former Google exec, was an outsider in venture circles that didn’t take seriously his ambitions to become a top VC. Now, his firm, Felicis Ventures, is announc

BoxGroup closes on $255M across two funds to back startups at their earliest stages

BoxGroup has quietly, yet diligently, been funding companies at the early stage for over a decade. The 11-year-old firm in fact was the first investor in Plaid, a fintech company that nearly got sold

Sila banks $13M to offer single API for developing financial products, services

Sila's banking and payment platform gives software teams tools to build the next generation of financial products and services.

Index Ventures’ trio of new funds leads to $3 billion, and more TikTok

Index Ventures has closed a trio of new funds: a $900 million early-stage fund, a $2 billion growth-stage fund and a previously announced $200 million seed-stage fund. The close gives Index $3 billion

Ex-Plaid employees raise $30M for Stytch, an API-first passwordless authentication platform

There are far fewer annoying things than managing one’s passwords. There are a bunch of companies out there to help you attempt to do that. And there’s also a number of companies that want to go a

Tiger Global leads $34M investment into Unit21, a no-code fraud prevention platform

Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million in a Series B round of funding led by Tiger Global Management

After selling Bread last year for over $500M, this founder just raised millions for his new fintech startup

When Daniel Simon sold Bread, a consumer purchase finance and payments startup he’d co-founded, to Alliance Data Systems for over $500 million late last year, he quickly set his sights on building a

Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual

Like other financial sectors in Latin America, the retail investing space is getting a facelift by local tech startups that are cashing in on the untapped potential for democratizing asset management

Visa to acquire open banking platform Tink for more than $2 billion

Visa has announced plans to acquire Tink for €1.8 billion, or $2.15 billion at today’s exchange rate. Tink has been a leading fintech startup in Europe focused on open banking application programm

Weav raises $4.3M to knit together a universal API for commerce platforms

Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex. Founded last year by
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