SoLo Funds is facing a new class action lawsuit according to a copy seen by TechCrunch and first reported by Bloomberg. It accuses SoLo Funds of misleading consumers by advertising zero interest fees on loans yet encouraging “tip fees” and “donation fees” to obtain said loans. The complaint alleges these are hidden fees that the […]
Lending fintech SoLo Funds faces class-action lawsuit Read More »
Welcome to TechCrunch Fintech! This week we’re looking at One Zero potentially raising $100 million, Apple Pay expanding support for loan options, and another way Stripe is making crypto a big priority for its business. If you’d like to receive the Fintech newsletter in your inbox every Tuesday, sign up here! The big story One
One Zero could be raising $100M Read More »
Indian stock trading and mutual fund startup Groww paid $159.4 million in taxes as it shifted its domicile from the U.S. back to India, the company said in a statement on Monday. Nearly a dozen Indian startups are in the process of relocating their headquarters to India from the U.S. and Singapore to better comply
Groww pays $160M tax as it returns to India amid a startup relocation wave Read More »
Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, cofounded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors
Stripe in talks to acquire Bridge for $1 billion Read More »
On Thursday, Apple celebrated 10 years with Apple Pay and announced how the service will evolve in the future, including with the later addition of redeeming rewards and expanding installment loan options. In addition to Apple Pay’s newly added support for loan options from Affirm in the U.S., and Monzo Flex in the U.K., the
Apple says support for redeeming rewards will later come to Apple Pay Read More »
India’s central bank ordered four non-bank lenders, including Navi Finserv and DMI Finance, to halt loans from October 21, citing excessive interest rates and regulatory breaches. The Reserve Bank of India said (PDF) the firms violated rules on pricing, income assessment, and asset classification. This action follows months of warnings about responsible lending practices, it
India’s central bank orders Sachin Bansal’s Navi to halt loans Read More »
If you’re starting a fintech company, there’s a new, small early-stage fund looking for investment opportunities. Founded by Anthony Danon (pictured above), Rerail could be called a micro-fund, a solo GP fund, or an angel fund. Danon has been an investor for the past 10 years. He started his career with Anthemis Group in London
Rerail is a new fintech-focused angel fund from Cocoa’s Anthony Danon Read More »
In 2016, when Alan originally launched its health insurance product in France, it was the first new health insurance company in the country in 30 years. Now, as Alan announces its expansion to Canada, the startup is about to break a new record: There hasn’t been a new health insurance company in Canada since 1957.
As we approach the final stretch before TechCrunch’s biggest event of the year — one of the most highly anticipated tech conferences for startups and VCs alike — let’s take a look at the top five reasons you won’t want to miss Disrupt 2024, set to take place at Moscone West in San Francisco from
5 Big reasons to attend Disrupt 2024 Read More »
LoanSnap, an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to the state’s Banking Commissioner. This occurred after LoanSnap violated a consent order it had entered into with the Department of Banking in May. The department revealed Tuesday that its consumer credit division opened an investigation that found multiple violations
AI mortgage startup LoanSnap loses license to operate in Connecticut Read More »
