Fintech

Connect Money scores $8M to enable non-bank businesses to offer embedded finance services

Fintech /

Banking-as-a-service (BaaS) platforms are instrumental in driving access to digital financial services by introducing fintech capabilities to non-bank businesses. Multiple businesses are tapping these platforms to circumvent the need to build their own tech infrastructure and the bureaucratic processes of acquiring the requisite regulatory approvals to offer financial services including card payments and lending. Globally, […]

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Materia looks to make accountants more efficient with AI 

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The U.S. is facing an accountant shortage. Fewer first-time candidates took the CPA exam in 2022 than in 2006, according to the American Institute of Certified Public Accountants. One possible reason people aren’t as interested in the field is the large amount of drudge work involved: Accountants have to rifle through large amounts of unstructured

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Cadana, an emerging markets payroll services provider for global hiring platforms, banks $7.1M seed

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The global freelancer market, a $1.3 trillion industry fueled by over 200 million knowledge workers, drives demand for solutions that automate payroll and streamline employment and tax regulations worldwide. However, most existing products fail to address the legal landscape of emerging markets, such as differences in employment laws.  This oversight means global hiring platforms, which

Cadana, an emerging markets payroll services provider for global hiring platforms, banks $7.1M seed Read More »

Société Générale to sell its freelancer challenger bank Shine to Ageras

Fintech /

Four years after acquiring Shine, a French fintech startup that offers bank accounts to freelancers and very small companies, Société Générale has announced plans to sell Shine to Ageras. In 2020, TechCrunch reported that Société Générale spent around €100 million to acquire Shine. It wasn’t a huge acquisition but it attracted quite a bit of

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Unit and Loop lay off staff and Brex ditches co-CEO model

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Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO model, Apple killing its Pay Later feature, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday

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India’s 360 One acquires mutual fund app ET Money for $44M

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360 One WAM, India’s largest wealth manager focused on ultra-high-net-worth individuals, has agreed to acquire popular Indian mutual fund investment app ET Money for about $44 million. 360 One disclosed (PDF) the deal in a stock exchange filing Wednesday evening.  ET Money boasts over 900,000 transacting clients and tracks assets under management of approximately $8.3

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

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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.

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Robinhood acquires global crypto exchange Bitstamp for $200M

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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

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

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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,

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

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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 »