Fintech

Brazilian lender Creditas announced today that it has raised $260 million in a Series F funding that values the company at $4.8 billion. That’s up from the fintech’s $1.75 billion valuation at the time of its $255 million raise in December 2020. With the latest financing, São Paulo-based Creditas has now raised more than $829 […]

The revolving door to the office of the head of Google Pay is welcoming another new executive with Google’s appointment of former PayPal executive Arnold Goldberg. Offering cryptocurrency services won't fix what ails the division. First rule of order: Restoring trust.

This new political breed accepts paychecks in Bitcoin. The mayors also want to use buzzy new tech like NFTs to raise money for public projects.

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.

Wells Fargo, with 267, reported more net closures than any other bank in the U.S., followed by U.S. Bank at 257. However, Huntington Bank saw 16% brick-and-mortar shrinkage, the most for a bank its size, S&P Global found.

BNPL company Zip has announced “it is in discussions” with installment payment platform Sezzle regarding a possible acquisition.

The end of cash does not mean the end of crime. But it does mean that we have to do proper risk analysis on its replacements, whether these are going to be instant payments, digital currency or cryptocurrency (where the fraud and scams are already legion).

JPMorgan said on Tuesday it had agreed to acquire an around 49% stake in Athens-based payments fintech Viva Wallet, subject to regulatory approvals.

Lesson One: Don't be an ivory tower of digital banking tech. Lesson Two: Don't be afraid to partner with a leader instead of butting heads.

Congressman Patrick McHenry Sends Public Letter to Congresswoman Maxine Waters Requesting they Work Together on Digital Assets. | Crowdfund Insider: Global