Revolut, one of the largest digital banks in the world, has announced plans to expand its business to Latin America’s largest markets.
·
“I regularly evaluate the companies out there that are AI native and trying to solve these problems: teams founded by...
DoorDash has made its way into the small business financing game. DoorDash Capital, as the financing arm is so named, claims to provide merchant cash advances to DoorDash partners against future sales orders placed through the DoorDash app. The DoorDash website explains the product in detail. “There is no interest rate because a merchant cash […]
Crypto lending platform BlockFi will pay the U.S. Securities and Exchange Commission (SEC) $100 million in a settlement over claims that the company violated securities law through its interest account offering, the regulator announced today. The settlement represents the largest recorded penalty incurred by a crypto firm, Axios first reported. BlockFi will pay $50 million...
Credit card companies are seeking to push further into the “buy now, pay later” (BNPL) market. American Express (Amex) announced today that it plans to partner with Opy, the U.S. subsidiary of Australian fintech Openpay, to allow all of its U.S. cardmembers to pay in installments for qualifying purchases in the healthcare and automotive segments....
The Business Of Sending Money Back Home Could Collapse. How Is COVID-19 Affecting Migrants? Marcus slashes easy access savings rate...
Omise is planning a funding round through digital cryptocurrency; the blockchain digital payments startup will sell digital ether tokens with a fundraising target of up to $16 million; the fundraising will begin in May and the service plans to launch in the fourth quarter; the digital cryptocurrency fundraising represents a new funding alternative to venture capitalist investing and allows the firm to gain public participation from a broad set of stakeholders without selling equity in the company. Source
·
“As an Oura employee, you wake up in the morning and you know you’re doing work that’s going to affect...
“America’s Unbanked and Underbanked,” a U.S. House Select Committee roundtable, worked to expand banking access to underserved communities.
After almost a year in the back seat, the fintech law in Chile is now approved in Congress.