Historically, there have not been standards, rules or processes for admission for banks to the Federal Reserve’s wire and automated clearing house (ACH) networks – the critical pipes in the U.S. payments system that together process almost $900 trillion in transactions per year. The Federal Reserve Board now seeks to remedy that, with a public […]
UK business banking platform Tide announced it raised over $100 million in a Series C funding round led by Apax Digital, the growth equity team of Apax Partners. The newest cash injection values the six-year-old tech company at $650 million.
In the past 30 days, India’s fintech startups pulled in $675 million across 21 known venture rounds. Pine Labs was the largest recipient of funding over this period, raising $315 million from Blackrock, Tree Line Asia and other investors.
Weavr, a London-based startup that enables businesses to embed fintech tools into their own platforms via API building blocks, announced closing a £7 million seed round led by Headline, according to a press release.
Stripe, the Irish online payments platform competing with Square and PayPal, is reportedly preparing to go public after appointing a law firm to explore the listing, according to U.S. News.
Yesterday, July 8, 2021, the head of hardware at Square, Jesse Dorogusker, announced the company would be developing a hardware wallet for bitcoin. A hardware wallet is responsible for storing the public and/or private keys associated with cryptocurrency transactions. Company CEO, Jack Dorsey, mirrored Dorogusker’s enthusiasm in a series of tweets stating the company would […]
Bunq, an Amsterdam-based challenger bank that offers bank accounts and debit cards from a mobile app, announces raising a $228 million Series A led by Pollen Street Capital, according to TechCrunch.
Coast, a New York-based payments and finance startup, which helps businesses with fleet management, announced raising a $6 million seed round led by Better Tomorrow Ventures, according to TechCrunch.
Toqio, a white-label fintech banking SaaS provider, announced raising $9.4 million in a seed round led by Seaya Ventures and Speedinvest, according to TechCrunch.
TeamApt, a Lagos-based fintech offering direct consumer and business-facing products for underserved populations, announced an undisclosed Series B led by Novastar Ventures, according to a press release.
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