Increasingly consumers want solutions to their money challenges and they don't care if it comes from a bank, a fintech or some combination.
European venture capital firm 83North has announced the closing of a $250 million investment in its fourth fintech fund; the firm focuses on startup investments in Europe and Israel and says that its fourth fund will continue to invest in those regions; the firm's latest investment brings its total capital under management to $800 million; the firm says it sees a greater opportunity for startup investment throughout Europe following Brexit. Source
Best known as a website management company, GoDaddy began directly offering digital and offline payments after learning that its clients were getting those services from fintechs. The company is also now selling terminals for in-store payments.
Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live
Scams like the one detailed in the recent Netflix documentary ‘The Tinder Swindler’ already were gaining in frequency before the coronavirus pandemic began, but their prevalence is now reaching new heights.
At the beginning of 2021, TomoCredit received $7 million in seed funding with participation from investors including KB Investment, a subsidiary of South Korea’s Kookmin Bank, along with Barclays, Knollwood Investment Advisory, BAM Ventures, Passport Capital, Ulu Ventures and Strong Ventures.
Digital-only bank N26 has launched a new credit product for its customers as digital-only banks struggle for profits due to high operating costs; the new credit product will offer credit lines of up to 25,000 British pounds ($26,810) for 5 years with varying interest rates; the product launch occurs as many digital banks seek expanded offerings to offset some of the high costs associated with deposit accounts. Source
Video conferencing service Zoom has seen a dramatic rise in users with more than 300 million users now using the...
Forbes has published an interesting piece on Jason Gardner, the founder of payments processor Marqeta; the company recently raised a...
Betterfly became Chile's third unicorn company after it took $125 million from venture capital investors in a Series C raise.