Green fintech Aspiration, known for its sustainability practices in the payments space, announced a SPAC merger with InterPrivate III Financial Partners Inc on Wednesday that would vault the company to public status by year’s end.
Aug 19, 2021
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The UK’s Competition Appeal Tribunal (CAT) has certified a £10 billion class action lawsuit against Mastercard. It ruled that Walter Merricks can represent claims over interchange fee charges after previously rejecting the lawsuit, according to Financial Times.
Aug 19, 2021
As the coronavirus pandemic hit workers’ wallets, many turned to earned-wage access (EWA) platforms to access a portion of their earned wages prior to payday. Recent research suggests that in 2020, workers used these services 37 million times, accessing nearly $6 billion – nearly double the amount just two years before.
Aug 19, 2021
Payments and financial services technology company Fiserv announced Wednesday it is partnering its omnichannel commerce platform Carat to include digital payout options to personal PayPal and Venmo accounts.
Aug 18, 2021
Branch, a business payment acceleration firm, announced raising a $540 million Series B. This includes $48 million in funding led by Addition and $500 million in purchased assets from funds managed by Neuberger Berman.
Aug 18, 2021
From the humble beginnings of the buy now, pay later space came strong contenders for the now multi-billion dollar industry. As of Tuesday, it’s got a new competitor: Visa. The digital payments giant announced a partnership with banking tech solutions and provider i2c to launch a point of sale installments capability (a BNPL functionality) for […]
Aug 17, 2021
Fintech Plaid has raised additional Series D funding in a round led by J.P. Morgan Private Capital Growth Equity Partners and existing investor Amex Ventures, according to a Tuesday announcement from Plaid Co-Founder and CEO Zach Perret.
Aug 17, 2021
Hopper, a travel technology company that incorporates fintech tools into its services, announced raising a $175 million Series G led by GPI Capital, according to a press release.
Aug 17, 2021
Albert, a 5-year-old personal finance app, is adding checking accounts to a family of products that include savings, bill negotiation, investing, earned-wage access and insurance. The goal is to own the customer relationship by being the primary point of contact for all things financial.
Aug 17, 2021
For the past two years, the Fintech sector has been a magnet for entrepreneurs, investors, consumers and organizations looking to create value and develop new experiences in the largest markets in the world. The trend-lines are clear: Fintech has garnered $15B in investment over the last 6 months and the number of deals in the […]
Aug 16, 2021