Fintech

This startup is selling for $1B, so why is its founder not proud of the outcome?

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Welcome to TechCrunch Fintech!  This week we’re looking at the story behind the sale of Divvy Homes, Ramp’s new product, some notable fundraising deals, 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 Image Credits:Divvy […]

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X announces a partnership with Visa to power X Money’s wallet

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Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product. The company will use Visa Direct, which is Visa’s solution for real-time money transfers, to load money into X Money’s wallet, connect to a debit card for paying other users, and transfer money back to

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African fintech Moniepoint gets Visa backing, plans to work on contactless payments

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Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic investment” from the global payments giant as both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises (SMEs) across Africa. Sources close to the deal

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Qomodo raises $13.9M to expand BNPL for Italy’s main-street retailers

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Payments and financial solutions are two-a-penny at this point, but mostly for online e-commerce. What about physical stores? In 2023 Qomodo, a Milan-based “all-in-one” payment methods aggregator for physical merchants, came out with a €34.5 million ($36.9 million) pre-seed round (mostly debt), which we covered, to expand the BNPL model into other categories. It’s now

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MoneyHash, which provides single access to payment services in MENA, banks $5.2M

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When merchants or companies launch online, they typically start by partnering with one or two payment processors. But as they grow and expand into new regions, they often need to onboard additional payment partners to meet different customer (and sometimes regulatory) needs, a process that comes with some hurdles.  That’s given rise to companies to

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Trading platform eToro said to be eyeing $5B US IPO in 2025

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Trading platform eToro has filed confidentially for a US IPO that could value the company at over $5 billion, the Financial Times reported on Thursday. Israel-based EToro, which competes with the likes of Robinhood, told TechCrunch it is “not commenting on IPO rumors.” The fintech had initially announced plans to go public via a SPAC

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Hyperline secures $10 million for its automated billing platform

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French startup Hyperline wants to build the next-generation Chargebee. Over the past two years, the startup has built a new billing platform that can be used for recurring subscriptions, one-off purchases, usage-based billing and more. Hyperline raised an initial €4 million funding round from Index Ventures back in 2023 ($4.1 million at today’s exchange rate).

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SoftBank veteran hunts for profits in payments infrastructure plumbing

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In the summer of 2020, as pandemic-driven volatility gripped markets, SoftBank Group shocked Wall Street with a series of massive options bets on U.S. technology stocks. Behind those trades — which earned SoftBank the “Nasdaq whale” moniker — was Akshay Naheta, an executive whose career has been marked by bold wagers on disruption. Now, after

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