Welcome to TechCrunch Fintech! This week, we’re diving into PayPal’s new holiday shopping-friendly feature, Klarna’s 2025 IPO ambitions, and sales tax automation startup Kintsugi doubling its valuation in less than a year. If you’d like to receive the Fintech newsletter in your inbox every Tuesday, sign up here! The big story PayPal makes group purchases […]
PayPal revives its money-pooling feature Read More »
Demand for HR-tech solutions in Africa is growing, and Senegal’s Socium is out to tap the opportunity in French-speaking countries on the continent. Socium has since 2021 built HR solutions that target users within the 21 countries of Francophone Africa and plans to continue narrowing its focus on the region, where it is enjoying first-mover
Socium doubles down on Francophone Africa after $5M seed round Read More »
MakeMyTrip, India’s largest online travel company, has agreed to acquire the expense management platform Happay from fintech CRED. The deal, announced on Monday, will see Happay’s expense management business and team transition to MakeMyTrip, while the payments division will remain at CRED. The financial terms were not disclosed and couldn’t be immediately learned. CRED, which
MakeMyTrip buys Happay from CRED Read More »
Over the last few years, Andreessen Horowitz co-founder and famed VC Ben Horowitz has donated at least $7.6 million to fund purchases by Las Vegas Metropolitan Police Department, including new drones from a16z-backed Skydio. Skydio is not the first of a16z’s portfolio companies to benefit from these donations, either. Today, on TechCrunch’s Equity podcast, hosts
Ben Horowitz’s tight ties with the Las Vegas Police Department — and why it matters Read More »
A 2018 Supreme Court ruling eliminated the requirement that an e-commerce retailer needed a physical location in a state in order for said state to be able to collect sales tax on purchases made by residents. While the decision was a boon for states, it created a headache for e-commerce sellers. Kintsugi is looking to
Sales tax automation startup Kintsugi doubled its valuation this year Read More »
PayPal is launching a few features that let users in groups pool money with friends or family, to collectively pay for trips, travels, gifts, and anything else. The company is launching this feature in the U.S., Germany, the U.K., Italy, and Spain ahead of the holiday season. “Re-launching” might be the more appropriate verb here:
PayPal once again lets you pool money from others to pay for things together Read More »
Swedish buy now, pay later (BNPL) startup Klarna is on its way to becoming a public company. The fintech said on Wednesday that it has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC). The announcement of the listing, a long time in the making, arrives amid a dearth of
Klarna kickstarts U.S. IPO plans with confidential SEC filing Read More »
Welcome to TechCrunch Fintech! This week, we’re looking at neobank Dave’s “misleading marketing” according to a new FTC complaint, Affirm’s launch in the U.K. amid regulatory overhaul, and how Equal aims to combat India’s growing cyberfraud problem. The big story The FTC comes after Dave for “misleading marketing” The FTC is taking action against online
FTC alleges neobank Dave misled customers Read More »
The majority of the aging population in Japan still prefers using cash for transactions, according to a recent report citing government data. In 2023, cashless transactions in Japan totaled 126.7 trillion yen ($885 billion), accounting for 39.3 percent of all spending in the country, said the Japanese government. The government hopes that number reaches 40
SmartBank secures $26M for its personal finance management app Read More »
India, the world’s most populous country and the second-largest internet market after China, is becoming increasingly digitally active. However, this rapid digitization comes with a growing risk of online fraud. Cyber fraud is mounting in India to the point where the Indian government estimates it could amount to 0.7% of the country’s GDP — over
Equal has a plan to fight India’s growing cyber fraud problem Read More »
