Fintech

Relay raises $32.2 million to help smaller businesses manage their cashflow

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Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,” […]

Relay raises $32.2 million to help smaller businesses manage their cashflow Read More »

Bootstrapped for over a decade, this Dallas company just secured $110M to help people pay bills by text

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Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, has secured $110 million in new growth funding. Edison Partners and StepStone Group co-led the equity portion of the raise while Stifel Venture Bank provided a lending facility, which made up less than 15%

Bootstrapped for over a decade, this Dallas company just secured $110M to help people pay bills by text Read More »

Félix Pago raises $15.5 million to help Latino workers send money home via WhatsApp

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Remittances from workers in the U.S. to their families and friends in Latin America amounted to $155 billion in 2023. With such a huge opportunity, banks, money transfer companies, retailers, and fintechs are all trying make transfers more convenient on both sides of the transaction. Fast-growing startup Félix Pago is one of these players, and

Félix Pago raises $15.5 million to help Latino workers send money home via WhatsApp Read More »

More neobanks are becoming mobile networks — and Nubank wants a piece of the action

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Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an eSIM (embedded SIM) service for travelers. The service will give customers access to 10GB of free roaming internet in more than 40 countries without having to switch out their own existing physical SIM card or

More neobanks are becoming mobile networks — and Nubank wants a piece of the action Read More »

With a16z-backed Synapse’s collapse, BaaS fintech is a mess and 10 million consumers could be hurt

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Last year, the fintech startup world — star of the 2021 venture capital heydays — began to unravel as VC funding grew tight. As we step into mid-2024, large chunks of the sector today are a downright mess, especially the banking-as-a-service area which, ironically enough, experts last year told us was the bright spot.  The

With a16z-backed Synapse’s collapse, BaaS fintech is a mess and 10 million consumers could be hurt Read More »

Teen fintech Copper had to emergency discontinue its banking, debit products

Fintech /

Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on May 12 that it would be discontinuing bank deposit accounts and debit cards on May 13. In a letter to customers, CEO and co-founder Eddie

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There’s a real appetite for a fintech alternative to QuickBooks

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Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much 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 The prospects for

There’s a real appetite for a fintech alternative to QuickBooks Read More »

Meta, Match, Coinbase and others team up to fight online fraud and crypto scams

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Hosting scams on your platform is bad for business, which is why on Tuesday, a group of major tech companies including Match Group, Meta, Coinbase and others are jointly launching a new coalition to take on online fraud across dating apps, social media and crypto. The new coalition, Tech Against Scams, will work together to

Meta, Match, Coinbase and others team up to fight online fraud and crypto scams Read More »