Fintech

Inside Mercury’s competitive push into software and Ramp’s potential M&A targets

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. (New day and time, same awesome newsletter!) The big story Digital banking startup […]

Inside Mercury’s competitive push into software and Ramp’s potential M&A targets Read More »

Startup neobank Mercury is taking on Brex and Ramp with new bill pay, spend management software

Fintech /

Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch exclusively. The additional features puts the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for

Startup neobank Mercury is taking on Brex and Ramp with new bill pay, spend management software Read More »

Honeycomb Insurance grabs $36M Series B from solo VC-led Zeev Ventures

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When Itai Ben-Zaken’s first startup failed in 2018, the former BCG consultant and Wharton MBA spent months trying to understand what he could have done differently during the five years he ran the company. After analyzing most of his major decisions, he concluded that while Comprendi, a digital ad recommendation business, was an interesting offering,

Honeycomb Insurance grabs $36M Series B from solo VC-led Zeev Ventures Read More »

Accel leads $4M investment in Egyptian corporate cards platform Swypex

Fintech /

Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, particularly, are seeing more use than debit and credit cards combined). This surge in card usage, about 14% in the last four years, is primarily due to the incentives introduced by fintech companies and banks, attracting millions of Egyptian consumers who

Accel leads $4M investment in Egyptian corporate cards platform Swypex Read More »

Notable Capital’s Hans Tung on why founders need to play the long game

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Hans Tung, a managing partner at Notable Capital, formerly GGV Capital, has a lot of thoughts on the state of venture capital today. With $4.2 billion in assets under management, Notable evolved from 24-year-old cross-border VC firm GGV Capital, and Tung was around when GGV invested in the likes of Affirm, Airbnb, StockX, Square and Slack.

Notable Capital’s Hans Tung on why founders need to play the long game Read More »

Solo GP fund Andrena Ventures hopes to carry startup talent onto its next challenges

Fintech /

In the world of startups, it’s not uncommon to see talent from successful companies go on to found their own ventures. This is particularly evident in fintech in Europe, where alumni from unicorns like Monzo, N26, Revolut and others have started a flurry of new companies. Andrena Ventures, a solo GP (solo general partner) fund

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Stripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at Stripe’s big product announcements, a bump in valuation for a Brazilian fintech startup and much more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.  The big story Stripe announced that it will

Stripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown Read More »

Chilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market

Fintech /

Open banking may be a global trend, but implementation is fragmented. The fintech startups doing the legwork to make it a reality in smaller markets could become M&A targets for incumbents like Visa. One of these is Y Combinator alum Fintoc, a B2B fintech startup that has raised a $7 million Series A round of

Chilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market Read More »

Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’

Fintech /

Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” Financial terms of the deal were not disclosed. Teampay has raised $65 million since it was founded in 2016. The combined company services over 1 million businesses running on a commercial blockchain

Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’ Read More »

Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

Fintech /

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is

Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack Read More »