Welcome to TechCrunch Fintech! It’s good to be back. This week, we’re looking at the wild ride that was Bench’s shutdown and acquisition; dozens of companies that are hiring in the fintech space; lawsuits against PayPal; an IPO update; and more! This edition is a bit longer than normal since we were on a hiatus […]
What the heck happened at fintech Bench? Read More »
Employer.com has offered to acquire Level, a fintech startup that just last week abruptly shut down after failing to find a buyer, according to The Information. But Level is still mulling over the offer, its Employer.com CMO Matt Charney told TechCrunch. “It’s with legal,” he said. Founded in 2018 by early Square employee Paul Aaron,
Employer.com offers to buy failed fintech Level, a week after it makes offer for Bench Read More »
The fintech segment, which saw massive growth during the pandemic and immediately after, had a fairly rough 2024, ending with the abrupt shutdown — and then unexpected acquisition — of Bench. Though the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams. In an effort to better
These fintech companies are hiring in 2025 after a turbulent year Read More »
Thomson Reuters has acquired tax automation company SafeSend in an all-cash transaction valued at $600 million. Founded in 2008, Ann Arbor, Michigan-based SafeSend serves a cloud-based platform designed to streamline the processing and sharing of sensitive financial documents. This includes tools for delivering tax returns, gathering e-signatures, collecting payments, automating workflows, meeting compliance obligations, and
Thomson Reuters acquires tax automation company SafeSend for $600M Read More »
Robinhood CEO Vlad Tenev has a lot to celebrate this holiday season. After a bumpy few years following Robinhood’s 2021 IPO — a period during which shares of the commission-free trading app plummeted by more than 90% after it abruptly restricted trading in some meme stocks — the 12-year-old company was just declared Yahoo Finance’s
Robinhood, already a ‘comeback’ stock, has even more aggressive plans for 2025 Read More »
India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual
India again delays rules to break PhonePe-Google Pay duopoly Read More »
Africa’s tech ecosystem just got a boost of attention, with South Africa’s TymeBank and Nigeria’s Moniepoint both raising funds in recent weeks at valuations of over $1 billion and joining the coveted unicorn pantheon. But those valuations don’t just reflect investor confidence. They signal the success they’ve had in taking disruptive fintech models originally developed
Africa’s newest fintech unicorns are winning by keeping their feet on the ground Read More »
Uzbekistan’s mobile-exclusive bank, TBC Bank Uzbekistan, has raised $37 million in a new funding round to bolster its dominating digital presence in the Central Asian nation by developing new AI and tech products and attracting more tech-savvy customers. The fresh investment, made by the bank’s London-based parent TBC Group, comes just five months after it
Uzbekistan’s mobile bank TBC bags $37M to expand with new AI and insurance products Read More »
A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing of Bob Lee, the Cash App creator and former CTO of Block, according to NBC Bay Area on Tuesday. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated. Lee was
Bob Lee verdict: Cash App creator’s killer found guilty of second-degree murder Read More »
A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing of Bob Lee, the Cash App creator and former CTO of Block, according to NBC News Bay Area on Tuesday. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated. Lee
Cash App creator Bob Lee’s killer found guilty of second-degree murder Read More »
