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Fintech

Fintech
·Jan. 24, 2022

EDPYME Alternativa of Peru Borrows $5m from Humura Fund to Provide Farmers with Asset Finance

Huruma Fund, a Spain-based vehicle supporting rural financial services providers in low- and moderate-income countries, recently lent EUR 4 million (USD 5 million) to Entidad de Desarrollo a la Pequeña y Micro Empresa (EDPYME) Alternativa, a microfinance institution (MFI) in Peru that serves rural populations. The goal of the investment is to assist small-scale farmersContinue...
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Fintech
·Jan. 21, 2022

Pinwheel raises $50M building payroll API

The payroll startup raised a $50M series B at a $500million valuation, in the name of putting the paycheck-to-paycheck lifestyle in the past.
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Fintech
·Jan. 21, 2022

Fed Launches Review of Possible Central Bank Digital Currency

U.S. central bankers solicit public comment as part of review, but are unlikely to decide soon whether to issue a government-backed cryptocurrency.
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Fintech
·Jan. 21, 2022

H&R Block’s Retail Bank App Has a Slight Edge: 21 Million Tax Customers

Tax firm targets its millions of tax clients for a year-round financial relationship intended to improve financial health.
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Fintech
·Jan. 21, 2022

Plaid buys Cognito as it moves beyond merely connecting accounts

Plaid, a fintech unicorn known for its APIs that connect consumer bank accounts to financial applications, announced today that it is buying Cognito. The price is around $250 million, paid in a blend of cash and stock TechCrunch understands, though we couldn’t suss out the exact mix of each. The deal highlights where Plaid is […]
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Fintech
·Jan. 21, 2022

Discover says buy now/pay later won’t cannibalize credit cards

The issuer says it can offer installment loans without jeopardizing the kind of growth in credit card volume that it reported for the fourth quarter.
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Fintech
·Jan. 21, 2022

U.S. Bank, Truist scale down overdraft fees

U.S. Bank is increasing from $5 to $50 the amount by which accounts can go negative before triggering an overdraft fee and is instituting a 24-hour grace period. Truist, meanwhile, is unveiling two overdraft-free accounts this summer.
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Fintech
·Jan. 21, 2022

Consumer Reports will give financial apps same scrutiny it gives appliances

The nonprofit received a $1.5 million grant to monitor, evaluate and strengthen consumer protections in the digital financial marketplace. Here's what it's doing with the funds.
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Fintech
·Jan. 21, 2022

Revolut expands its US offering to include stock trading

Seven months after securing its broker-dealer licence in the States.
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Fintech
·Jan. 21, 2022

Gemini Acquires Trading Tech Firm Omniex, Introduces Gemini Prime

Gemini is acquiring Omniex, a trading tech platform that offers order, execution, and portfolio management system solutions for crypto trading.
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