Cryptocurrency startup Basis, led by former Google employee Nader Al-Naji, raised $133mn from GV, Bain Capital Ventures, Lightspeed Venture Partners,...
The bank partner model has been around for decades but it has expanded rapidly in the last few years; leading...
New challenger bank caters to freelancers, gig workers As more consumers shop online, the need for fast, secure, and convenient...
Neptune Financial is a San Francisco online commercial lender that focuses on businesses with $10 – $100 million in assets;...
London-based fintech Curve has been selected by Samsung to power the Samsung Pay Card in the UK; the debit card,...
According to Banking Technology, PayU will be implementing Mambu's software-as-a-service based core banking platform; the software will support PayU's short-term deferred payment product; Mambu now has 26 clients which it supports from its Miami office; PayU is currently running a pilot in Colombia but it is expected to roll out services across Latin America. Source
The top 10 most viewed articles from January on Fintech Nexus.
Visa notified WaveCrest that they were terminating their membership with the company for non compliance; WaveCrest is a third party processor where prepaid cards were being used for crypto based activities; the terms and conditions of their agreement with Visa stated that funds could only be loaded to the card via an employer on a regular basis; the termination note leaves a number of companies in limbo and looking for another option to service customers. Source.
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This week, thousands of founders, engineers, and venture capitalists—including leaders from Microsoft, Writer, Cohere, and more—zipped up their Arc’teryx and...
The Consumer Financial Protection Bureau ended the first “no action letter” agreement with a fintech that had provided immunity from regulatory actions.