Fintech

Rippling’s tender offer decision draws mixed — and strong — reactions

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at Rippling’s controversial decision to ban some former employees from selling their stock, Carta’s massive valuation drop, a GenZ-focused fintech raise, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 7:00 a.m. PT, subscribe here. […]

Rippling’s tender offer decision draws mixed — and strong — reactions Read More »

Robinhood acquires global crypto exchange Bitstamp for $200M

Fintech /

Stock-trading app Robinhood is diving deeper into the cryptocurrency realm with the acquisition of crypto exchange Bitstamp. Robinhood on Thursday said it expects the final transaction value to be around $200 million, and the deal to close in the first half of 2025. Robinhood is known for its stock-trading services, allowing ordinary consumers to invest in some

Robinhood acquires global crypto exchange Bitstamp for $200M Read More »

When foes become friends: Capital One partners with fintech giants Stripe, Adyen to prevent fraud

Fintech /

The tension between incumbents and fintechs has existed for decades. But every once in a while, the two groups decide to put their competition aside and work together. In an unusual move, Capital One is teaming up with payment giants (and rivals) Stripe and Amsterdam-based Adyen to offer a free product aimed at fraud reduction,

When foes become friends: Capital One partners with fintech giants Stripe, Adyen to prevent fraud Read More »

A look at LoanSnap’s troubles and which neobanks are having a moment

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at LoanSnap’s woes, Nubank’s and Monzo’s positive milestones, a plethora of fintech fundraises and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 7:00 a.m. PT, subscribe here.  The big story AI mortgage startup LoanSnap is

A look at LoanSnap’s troubles and which neobanks are having a moment Read More »

UK neobank Monzo reports first full (pre-tax) profit, prepares for EU expansion with Dublin hub

Fintech /

Monzo has announced its 2024 financial results, revealing its first full-year pre-tax profit. The company also confirmed that it’s in the early stages of expanding into the broader European market via a new base in Ireland. The news comes shortly after the U.K.-based neobank raised a couple of hefty tranches of funding, starting with $430

UK neobank Monzo reports first full (pre-tax) profit, prepares for EU expansion with Dublin hub Read More »

Stripe curbs its India ambitions over regulatory situation

Fintech /

Stripe, the world’s most valuable fintech startup, said on Friday that it will temporarily move to an invite-only model for new account sign-ups in India, calling the move “a tough decision” as it navigates the country’s evolving regulatory landscape. In a statement posted on its website, Stripe said businesses in India will no longer be

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Former teen model co-created app Frich to help Gen Z be more realistic about finances

Fintech /

As a teen model, Katrin Kaurov became financially independent at a young age. Aleksandra Medina, whom she met at NYU Abu Dhabi, also learned to manage money early on. The pair bonded as students over what they viewed as a lack of a space for open conversations for people their age to have around financial

Former teen model co-created app Frich to help Gen Z be more realistic about finances Read More »

Romanian startup FintechOS raises $60M to help old banks fight back against neobanks

Fintech /

Over the years, fintech startups, particularly neobanks, have thrown a cat among the pigeons in banking and finance by building whole new banking software stacks. But a startup out of Romania decided to build tools that help older banking and insurance companies provide the newer features and products offered by the new upstarts.  FintechOS’ low-code

Romanian startup FintechOS raises $60M to help old banks fight back against neobanks Read More »

Germany’s financial regulator ends anti-money laundering cap on N26 signups after $10M fine

Fintech /

After the Wirecard scandal, Germany’s financial regulator BaFin started to look more closely at young fintech startups that wanted to grow at a rapid pace — it’s better to be safe than sorry. In particular, N26, a Berlin-based banking startup that raised hundreds of millions of euros and quickly became a unicorn, has had a

Germany’s financial regulator ends anti-money laundering cap on N26 signups after $10M fine Read More »