Fintech

Waza comes out of stealth with $8M to power global trade for African businesses

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Emerging economies face trade deficits that cause demand for the dollar, which dominates global trade to exceed supply. This imbalance raises costs and delays trade. In Africa, the problem is exacerbated by the shortage of tech solutions addressing the liquidity needs of large enterprises and multinationals, with many cross-border payment platforms opting to build consumer-facing […]

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AI for landlords, Grok-2 unleashed, and the latest attempt at AI regulation

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There was lots going on in startup-land, as always, and the Equity crew had a blast breaking it all down. Kirsten Korosec, Mary Ann Azevedo and Devin Coldeway kicked off this Friday’s episode of TechCrunch’s Equity podcast with a discussion of WeRide, a Chinese autonomous vehicle startup, seeking an initial public offering in the United

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TipRanks, an AI-based stock tip evaluator created after its founder got burned by bad advice, sells for $200M to Prytek

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Financial chatter has been a major traffic spinner on social media, but it can be challenging (if not impossible) to separate useful signals from the noise. A company called TipRanks uses AI and other analytics to try to make better sense of all that. And now, on the back of its growing popularity, it is

TipRanks, an AI-based stock tip evaluator created after its founder got burned by bad advice, sells for $200M to Prytek Read More »

Apple opens up NFC transactions to developers, but says there will be ‘associated fees’

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Facing increasing pressure from regulators, Apple on Wednesday announced it’s opening up NFC transactions to third-party developers. NFC, or near field communication, is the short-range wireless technology that powers Apple Pay and Wallet. Apple’s exclusive access to the iPhone’s NFC capabilities had been under investigation by the European Commission for years for restricting competition in

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Payoneer scoops up Skuad, Robinhood’s strong Q2, and X is making progress on payments

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Welcome to TechCrunch Fintech! This week, we’re looking at Payoneer’s $61 million acquisition of Skuad, Robinhood and Dave’s second-quarter results, X’s progress on its payments and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story Last

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Singaporean investment app Syfe pulls in $27M to hasten growth in Asia Pacific

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The Asia Pacific region has long been an important market for wealth management firms with the plethora of developing economies and a burgeoning retail investment market. But there’s still a huge market to capture: About 40% to 45% of personal financial assets in the region are held in cash and deposits as of 2023, according

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a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash

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Tally, a nine-year-old fintech that helped consumers manage and pay off their credit card debt, has shut down, according to the company. In a LinkedIn post that was shared earlier Monday, founder and CEO Jason Brown said the “sad and difficult” decision to close Tally down was not the outcome the company had “hoped for,”

a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash Read More »