When the U.S. Feds cut interest rates by half a percentage point last week, it was a dash of good news for venture capitalists backing one particularly beleaguered class of startups: fintechs, especially those that rely on loans for cash flow to operate their businesses. These companies include corporate credit card providers like Ramp or […]
Lending startup Figure announced today a rollout of AI tooling to make the home lending process more efficient. The company will be launching an AI tool powered by GPT-4 to help catch errors in lending documents. Figure, founded in 2018, specializes in helping consumers secure home equity lines of credit. The company touts that its
We’re in the final stretch of Ticket Reboot Week with just 48 hours remaining! You can still save up to $600 on individual ticket types to TechCrunch Disrupt 2024. Don’t wait — this offer ends on September 27 at 11:59 p.m. PT. Don’t miss out on this last big sale before the countdown to Disrupt
2 days left to save up to $600 on Disrupt 2024 tickets Read More »
Mortgage fintech Mesa has emerged from stealth on Tuesday with $9.2 million in seed capital and a novel idea for homeowners. It’s offering cash back and rewards on all spending done on the home, including the mortgage itself. Mesa is offering mortgage loans, original or refinancing, that include a credit-card-style 1% cash back on the
Fintech Mesa promises 1% cash back on mortgages, up to 3x on other home needs Read More »
Neobank Jupiter is in talks to acquire a stake in SBM India, three sources familiar with the matter told TechCrunch, the latest example of an Indian fintech startup pursuing strategic partnerships with traditional banking institutions. The Bengaluru-headquartered startup — backed by Tiger Global and NuBank — is engaging to buy a 5% to 9.9% stake
Fintech Jupiter in talks to buy a stake in SBM Bank India Read More »
JPMorgan Chase is in talks to take over the Apple Card business from Goldman Sachs, the Wall Street Journal reports. Goldman has issued credit for the Apple Card since its launch in 2019, but the Wall Street and Silicon Valley giants have been trying to untie their partnership since last year. In 2023, Goldman decided
JPMorgan could take over Goldman’s Apple Card business Read More »
Bolt says it has settled its long-standing lawsuit with its investor Activant Capital. One-click payments startup Bolt is settling the suit by buying out the investor’s stake “after which Activant will no longer hold any interest in Bolt,” the company said in a statement. Activant’s suit accused founder and then CEO Ryan Breslow of adding
Fintech Bolt is buying out the investor suing over Ryan Breslow’s $30M loan Read More »
The rise of neobanks has been fascinating to witness, as a number of companies in recent years have grown from merely challenging traditional banks to being massive players in and of themselves. Dave and Varo Bank are just two examples of such neobanks. Hear Dave co-founder and CEO Jason Wilk and Varo Bank founder and
Dave and Varo Bank execs are coming to TechCrunch Disrupt 2024 Read More »
Online sports apparel retailer Fanatics has agreed to settle and drop a lawsuit that it filed against troubled one-click payments provider Bolt in March, according to court documents obtained by TechCrunch. The settlement occurred as Bolt was in the thick of a new gambit to raise a large round of financing, including a “cramdown” threat
Bolt has quietly settled its lawsuit with Fanatics amid ongoing boardroom drama Read More »
Welcome to TechCrunch Fintech! It’s finally cooling down here in my home base of Austin, Texas, and that makes me happy. In this week’s newsletter, we’re looking at a big raise in the embedded fintech software space, a flurry of M&A activity and SMB-focused fundraises and more. To get a roundup of TechCrunch’s biggest and
Finally, a bunch of SMB-focused fintechs get investor love while M&A activity heats up Read More »
