Last year, the fintech startup world — star of the 2021 venture capital heydays — began to unravel as VC funding grew tight. As we step into mid-2024, large chunks of the sector today are a downright mess, especially the banking-as-a-service area which, ironically enough, experts last year told us was the bright spot. The […]
Google Pay is rolling out a number of updates that capitalize on its integrations with other Google products, like Android and the Chrome browser. Starting Wednesday, people who check out with Google Pay will be able to see their card benefits and perks before selecting a card; use “buy now, pay later” through partners like
Google Pay will now display card perks, BNPL options and more Read More »
Indian digital payments platform Paytm warned of job cuts on Wednesday after reporting that its net loss widened in the fourth quarter as it grapples with a recent regulatory clampdown. One 97 Communications, Paytm’s parent, said it expects to cut employee expenses and pare down its annual costs on staff by $48 million to $60
Paytm warns of job cuts as losses swell after RBI clampdown Read More »
Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on May 12 that it would be discontinuing bank deposit accounts and debit cards on May 13. In a letter to customers, CEO and co-founder Eddie
Teen fintech Copper had to emergency discontinue its banking, debit products Read More »
Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much 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 The prospects for
There’s a real appetite for a fintech alternative to QuickBooks Read More »
Hosting scams on your platform is bad for business, which is why on Tuesday, a group of major tech companies including Match Group, Meta, Coinbase and others are jointly launching a new coalition to take on online fraud across dating apps, social media and crypto. The new coalition, Tech Against Scams, will work together to
Meta, Match, Coinbase and others team up to fight online fraud and crypto scams Read More »
The Consumer Financial Protection Bureau is suing SoLo Funds, a fintech company that enables peer-to-peer lending, alleging that the company used “digital dark patterns” to deceive borrowers and illegally took fees while advertising to consumers that there were no fees. “The CFPB is suing SoLo for using digital trickery to hide interest and fees on
A few years ago, you couldn’t go to a fintech meetup without ending up in a conversation about embedded finance. In 2020, we even wrote that embedded finance might represent fintech’s future. The distribution strategy lets fintech companies integrate their services into other products and services, which in turn gives users access to new features
The key to taking on legacy players in the financial technology industry may be to go where they have not gone before. That’s what Chicago-based Aeropay is doing. The provider of pay-by-bank solutions for businesses started out helping cannabis retailers and gaming companies with their payments and is now entering into Visa and Mastercard’s territory
The U.S. restaurant industry is expected to pass $1 trillion in sales for the first time this year, despite wider economic pressures on consumers. Now Restaurant365, a startup building tech to manage those businesses, has raised a hot round of $175 million to capitalize on that growth. The funding is being led by ICONIQ Growth
