Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. The challenger bank with millions of customers across Europe generated a net operating income of €2.8 million during the third quarter of 2024 (or $2.9 million at current exchange rates). This is an important […]
German fintech unicorn N26 just had its first profitable quarter Read More »
Some digital services look like banks, act like banks, but aren’t banks — meaning they can, for instance, close down your account without notice. Or be difficult to contact when you want to dispute fraud. This is about to change: the U.S. Consumer Financial Protection Bureau (CFPB) has just ruled that all digital services that
Apple Pay, Cash App, PayPal and other apps to be treated more like banks Read More »
Welcome to TechCrunch Fintech! This week, we’re diving into PayPal’s new holiday shopping-friendly feature, Klarna’s 2025 IPO ambitions, and sales tax automation startup Kintsugi doubling its valuation in less than a year. If you’d like to receive the Fintech newsletter in your inbox every Tuesday, sign up here! The big story PayPal makes group purchases
PayPal revives its money-pooling feature Read More »
Demand for HR-tech solutions in Africa is growing, and Senegal’s Socium is out to tap the opportunity in French-speaking countries on the continent. Socium has since 2021 built HR solutions that target users within the 21 countries of Francophone Africa and plans to continue narrowing its focus on the region, where it is enjoying first-mover
Socium doubles down on Francophone Africa after $5M seed round Read More »
MakeMyTrip, India’s largest online travel company, has agreed to acquire the expense management platform Happay from fintech CRED. The deal, announced on Monday, will see Happay’s expense management business and team transition to MakeMyTrip, while the payments division will remain at CRED. The financial terms were not disclosed and couldn’t be immediately learned. CRED, which
MakeMyTrip buys Happay from CRED Read More »
Over the last few years, Andreessen Horowitz co-founder and famed VC Ben Horowitz has donated at least $7.6 million to fund purchases by Las Vegas Metropolitan Police Department, including new drones from a16z-backed Skydio. Skydio is not the first of a16z’s portfolio companies to benefit from these donations, either. Today, on TechCrunch’s Equity podcast, hosts
Ben Horowitz’s tight ties with the Las Vegas Police Department — and why it matters Read More »
A 2018 Supreme Court ruling eliminated the requirement that an e-commerce retailer needed a physical location in a state in order for said state to be able to collect sales tax on purchases made by residents. While the decision was a boon for states, it created a headache for e-commerce sellers. Kintsugi is looking to
Sales tax automation startup Kintsugi doubled its valuation this year Read More »
PayPal is launching a few features that let users in groups pool money with friends or family, to collectively pay for trips, travels, gifts, and anything else. The company is launching this feature in the U.S., Germany, the U.K., Italy, and Spain ahead of the holiday season. “Re-launching” might be the more appropriate verb here:
PayPal once again lets you pool money from others to pay for things together Read More »
Swedish buy now, pay later (BNPL) startup Klarna is on its way to becoming a public company. The fintech said on Wednesday that it has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC). The announcement of the listing, a long time in the making, arrives amid a dearth of
Klarna kickstarts U.S. IPO plans with confidential SEC filing Read More »
Welcome to TechCrunch Fintech! This week, we’re looking at neobank Dave’s “misleading marketing” according to a new FTC complaint, Affirm’s launch in the U.K. amid regulatory overhaul, and how Equal aims to combat India’s growing cyberfraud problem. The big story The FTC comes after Dave for “misleading marketing” The FTC is taking action against online
FTC alleges neobank Dave misled customers Read More »
