Fintech

South Korean tech giant Naver launches crypto wallet in partnership with Chiliz

Fintech /

Many tech companies are expanding their reach into the web3 market, integrating blockchain and web3 technologies into their products and services. In the latest development, South Korean internet giant Naver is launching its first digital asset wallet, Naver Pay Wallet, for the Korean market. It is partnering with Chiliz, a blockchain provider for sports and […]

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Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened

Fintech /

The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble.  Synapse operated a service that allowed others (mainly fintechs) to embed banking services into their offerings. For instance, a software provider that specialized in payroll for 1099 contractor-heavy businesses used

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India’s open commerce network expands into digital lending

Fintech /

Since its launch in 2022, India’s Open Network for Digital Commerce — a government-funded non-profit that provides a set of APIs for tech companies and others to build new digital services for shoppers and businesses — has grown to enable 12 million monthly transactions in areas like food delivery and mobility and new services from

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Lux Capital made its first investment in Brazil, a $4M seed for AI fintech Magie

Fintech /

Brazil fintech Magie raised $4 million in a seed round led by Lux Capital, marking the firm’s first investment in Brazil. The company, which has raised $5.1 million in total, is creating an AI-powered financial assistant. The current product allows people to send money and pay bills through WhatsApp.  For cofounder Luiz Ramalho and Lux

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Fintech shutdowns, Klarna’s move into banking and which companies are hiring

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at the respective demise of Tally and Score, plus examining Klarna’s latest business move. We also have a list of fintech companies that are looking to add headcount. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at

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Pakistan’s PostEx to enter new markets, starting with Saudi Arabia

Fintech /

Pakistani startup PostEx, offering financial and logistics services to online merchants, is set to enter new markets, beginning with Saudi Arabia this year, TechCrunch has exclusively learned. “We want to go into other markets to really disrupt them because we see the gap,” said Muhammad Omer Khan, founder and CEO of PostEx, in an interview.

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Amazon considers moving Amazon Pay into a standalone app in India

Fintech /

Amazon is considering shifting its payments offerings in India into a standalone app, three sources familiar with the matter told TechCrunch, as the e-commerce giant aims to boost usage of Amazon Pay in the country. Amazon Pay is currently housed within the company’s primary e-commerce app in India, and lets users transfer money to individuals

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