Fintech

Ramp is trying to get the US government as a customer after seeing a tweet from DOGE

Fintech /

Expense management startup Ramp is being considered for a charge card pilot program by the U.S. government’s General Services Administration, the company confirmed to TechCrunch on Thursday. The government’s internal expense card program, dubbed SmartPay, is a $700 billion program. It is estimated that the charge card pilot program contract for which Ramp is being […]

Ramp is trying to get the US government as a customer after seeing a tweet from DOGE Read More »

Bolt’s Ryan Breslow pins his hopes on a new app that takes on Coinbase, Zelle, and PayPal

Fintech /

Ryan Breslow is officially back. While the founder of one-click checkout company Bolt re-assumed its helm as CEO in March, Breslow is unveiling Wednesday a new “superapp” that he hopes will formally mark his return as the fintech’s leader. He describes the new product as “one-click crypto and everyday payments” in a single platform, in

Bolt’s Ryan Breslow pins his hopes on a new app that takes on Coinbase, Zelle, and PayPal Read More »

Visa-backed African unicorn Moniepoint tackles remittances. But is it late to the game?

Fintech /

When Visa invested in Nigerian fintech Moniepoint earlier this year, it didn’t just validate the newly minted unicorn — it signaled a bold new direction. As part of that deal, the Nigerian fintech best known for building one of Africa’s largest business banking platforms, hinted at plans to integrate with Visa Direct, a move that

Visa-backed African unicorn Moniepoint tackles remittances. But is it late to the game? Read More »

Stripe CEO says he ensures his top leaders interview a customer twice a month

Fintech /

Digital payments platform Stripe invites customers to join its management team meetings on a bi-weekly basis so it can get “candid feedback,” according to co-founder Patrick Collison. In an April 8 post on X, the fintech giant’s CEO said the company has a customer join for the first 30 minutes of the meeting, which is

Stripe CEO says he ensures his top leaders interview a customer twice a month Read More »

Solid, which claimed to be the ‘AWS of fintech,’ files for bankruptcy after raising nearly $81M in funding

Fintech /

Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7. Founded in 2018, the fintech company had raised a total of nearly $81 million in funding from investors such as FTV Capital and Headline.

Solid, which claimed to be the ‘AWS of fintech,’ files for bankruptcy after raising nearly $81M in funding Read More »

Kalshi CEO: ‘State law doesn’t really apply’ to us

Fintech /

Last week, prediction market startup Kalshi sued New Jersey and Nevada after they tried to shut down its recently launched sports trading operation. In the lawsuit, Kalshi claimed that, since they’re a federally regulated platform, state gaming commissions don’t have the authority to set rules for them. “We’re not necessarily very concerned [because] we are

Kalshi CEO: ‘State law doesn’t really apply’ to us Read More »

Los Angeles-based Rain raised a $75M Series B in another good sign for fintech

Fintech /

Rain, a startup offering employer-integrated earned wage access (EWA) app coupled with financial-wellness features like overdraft alerts and spending trends, has raised $75 million in an all-equity Series B round. The round was led by Prosus at a post-money valuation of $340 million. Rain plans to use the new funds to help it add credit

Los Angeles-based Rain raised a $75M Series B in another good sign for fintech Read More »

Fuse raises $6.6M to fix a payment problem for companies expanding to MENA

Fintech /

Expanding into the Middle East and North Africa (MENA) remains a costly and complex challenge for global businesses, thanks to fragmented regulations and banking systems. Dubai-based fintech Fuse aims to simplify that with a cross-border payments API and has raised $6.6 million in seed funding to make it happen. Founded in 2023 by George Davis,

Fuse raises $6.6M to fix a payment problem for companies expanding to MENA Read More »

Fintech Plaid raises $575M at a $6.1B valuation, says it will not go public in 2025

Fintech /

Plaid, which connects bank accounts to financial applications, has sold about $575 million worth of common stock at a $6.1 billion post-money valuation, the fintech company confirmed to TechCrunch. The valuation is about less than half of the $13.4 billion that San Francisco-based Plaid was valued at when it raised a $425 million Series D

Fintech Plaid raises $575M at a $6.1B valuation, says it will not go public in 2025 Read More »