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Fintech

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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Fintech
·Jan. 21, 2022

CFPB suggests credit card giants may not be playing fair

The Consumer Financial Protection Bureau has opened an inquiry into whether the largest issuers are engaging in unfair or anti-competitive practices. JPMorgan Chase, Citigroup and the rest of the top eight control 70% of the $1 trillion credit card market.
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Pinwheel Payroll data
Payments
·Jan. 20, 2022

Pinwheel raises $50M building payroll API

Once small startup Pinwheel raised a $50M series B at a $500 million valuation, all in the name of helping partners turn the paycheck-to-paycheck lifestyle into an outdated past.
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Fintech
·Jan. 20, 2022

PitchIt Podcast #35: Sergei Terentev of B9

On episode 35 I talk with Sergei Terentev of B9, a fintech company that offers a full suite of app-based financial services to unbanked workers
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Fintech
·Jan. 20, 2022

jaris: embedded finance platform for HoneyBook

jaris an embedded finance platform called HoneyBook Capital, built in partnership with the gig management company HoneyBook.
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