The news this week was dominated by the crypto crash as we heard about layoffs at Coinbase, problems at Celsius and a continued downturn in crypto prices. There was plenty of BNPL news as well.
Brex has announced a significant $150 million round at a time when fintech funding has slowed significantly; the round was...
San Francisco based Brex is launching their second credit card product, this time it is an e-commerce card with a 60-day...
Fed Reserve Governor Christopher Waller said that FedNow will launch a country-wide interstate highway for payments in about six months.
The startup has officially raised their $100 million round, valuing the company at $2.6 billion; what’s amazing is that the...
The economic climate has caused many to turn away from SMB finance. Banks could provide fintechs with the stability to ride out the storm.
Why are high valuations bad? You've heard me talk about how the trend of Fintech bundling, and the unicorn and decacorn valuations led by SoftBank and DST Global, are creating underlying weakness in the private Fintech markets. Of course, they are also creating price compression and consolidation in the public markets (e.g, Schwab/TD, Fiserv/First Data) across sub-sectors. But public companies are at least transparent and deeply analyzed. Private companies have beautiful websites, charismatic leaders, and impressive sounding investors. Often when you look under the hood, it's just a bunch of angry bees trying to find something to sting.
Mastercard is already working with names like Brex, Revolut and TransferWise; they have also announced programs in order to make...
Corporate credit card fintech Brex is helping their clients to apply for PPP capital through partner bank Radius Bank; the...
Fintech startup Brex is in discussions to raise a fresh round of capital that will value the company at $2bn...