unbanked
Cashless transactions are on the rise, but cash payments are still a reality for American cannabis dispensaries and emerging countries – and they come at a cost. Are we ready…
Nigerian digital bank Yep! raises $1.5M pre-seed for its ‘financial super app’ play
Agency banking is big business in Nigeria and sub-Saharan Africa. It involves agents or merchants, who act as human ATMs, offering financial services such as transfers, savings and payouts to…
alt.bank, Brazil’s latest fintech targeting the unbanked, raises $5.5M
It looks like everyone and their mother is trying to reinvent the Brazilian banking system. Earlier this year we wrote about Nubank’s $400 million Series G, last month there was…
Nigerian fintech of the unbanked Bankly raises $2M led by Vault
Nigeria remains a largely cash-dominated country. There are more than 100 million adult Nigerians, of which more than half have little or no access to financial services. Today, Bankly, a…
Credit startup Migo expands to Brazil on $20M raise and Africa growth
After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Capital Group.…
Amazon this morning announced the launch of Amazon Credit Builder, a new secured credit card offered in partnership with Synchrony Bank. As the name implies, the card is aimed at…
Petal raises $30M from Valar to bank the unbanked with credit cards
Credit cards are a relatively new invention that have entered into something of an innovation rut. Reward programs seem stale, mobile apps remain mired in early-2000s UX paradigms and, all…
Amazon Cash, the service that lets you use cash to shop Amazon online, arrives at 7-Eleven
Amazon Cash, the service that lets consumers add cash to their Amazon.com balance at brick-and-mortar retailers, is now available at nearly 8,000 7-Eleven convenience stores, the companies announced today. That’s…
Amazon brings its cash deposit service for the underbanked to the UK
Amazon has added the ability for UK users to pay for products and services on its ecommerce platform using cash. The service, called Amazon Top Up, lets shoppers load between…
Amazon launches Amazon Cash, a way to shop its site without a bank card
Amazon this morning announced the launch of Amazon Cash, a new service that allows consumers to add cash to their Amazon.com balance by showing a barcode at a participating retailer, then…
PayNearMe Raises $10 Million Series D; Launches Self-Serve Platform To Allow Any Business To Accept Remote Cash Payments
Cash-based payments platform PayNearMe has raised additional financing, the company announced today, in a Series D round led by August Capital with participation from other existing investors including Khosla Ventures, Maveron, and…
Bringing Banking To Immigrants & Unbanked, m-Via Rebrands As Boom Financial, Closes On $17 Million In Funding
Global mobile money transfer service m-Via is officially rebranding as Boom Financial today as it announces the close of a $17 million round of funding, led by mobile operator Digicel…
