Social media changed everything from news consumption to shopping. Now, Dub thinks it can do the same for investing through an influencer-driven marketplace where users can follow the trades of top investors with a few taps. Think of it as TikTok meets Wall Street. Founded by 23-year-old Steven Wang — a Harvard drop-out who began […]
Dub: the copy trading app that has teens talking Read More »
The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company
CFPB fines fintech Wise, alleging it charged deceptive fees Read More »
Cushion, a fintech startup that described itself as the “Plaid for buy now, pay later (BNPL),” has shut down. On Thursday, founder and CEO Paul Kesserwani posted on LinkedIn about the decision to wind down the company at the end of 2024. In the post, Kesserwani said that “despite bringing multiple new fintech products to
Fintech startup Cushion shuts down after 8 years and over $20 million in funding Read More »
The newest generation of startups aiming to solve cross-border payments are focusing on stablecoins — cryptocurrency coins often pegged to actual currencies or other commodities to help them keep stable prices — to build solutions that work faster and often cheaper than classic financial rails. This trend is also driving a surge in investor interest
QED seeds $9.9M in Cedar Money, a stablecoin payment platform Read More »
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
This startup is selling for $1B, so why is its founder not proud of the outcome? Read More »
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
X announces a partnership with Visa to power X Money’s wallet Read More »
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
African fintech Moniepoint gets Visa backing, plans to work on contactless payments Read More »
Indian fintech Jar has turned cash flow positive, an executive at the Tiger Global-backed startup confirmed on Wednesday, as it gears up to deepen its offerings. The three-year-old startup, which offers its users the ability to start their savings and investment journey, achieved the milestone while still growing by more than 10 times last year,
Indian fintech Jar turns cash flow positive Read More »
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
Qomodo raises $13.9M to expand BNPL for Italy’s main-street retailers Read More »
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
MoneyHash, which provides single access to payment services in MENA, banks $5.2M Read More »
