CRED, an Indian fintech startup, has rolled out a new feature that will help its customers manage and gain deeper insights into their cash flow, as startup seeks to drive engagement by providing much-needed personal finance tools. Known primarily for its credit card bill payment and consumer lending service, the Bengaluru-based startup is venturing into […]
You can now track and manage bank transactions with CRED Read More »
Welcome to TechCrunch Fintech! This week, we’re looking at Human Interest’s path toward an IPO, fintech’s newest unicorn, a slew of new fundraises, 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 SMB-focused 401k provider
The next fintech to go public may not be the one you expected Read More »
After doing some consulting for Microsoft to develop protections against zero-day exploits, software engineer Joran Dirk Greef worked with Coil, a web monetization startup in San Francisco, to help build its payments infrastructure. At the time, Coil was using a traditional database to store and process transactions. But Greef had the insight that a specialized
TigerBeetle is building database software optimized for financial transactions Read More »
Founders of Pesa, a remittance fintech, know too well how costly, inaccessible and unreliable remittance services drive people to opt for risky informal channels — like WhatsApp groups — to transfer money. Their firsthand experience using informal channels and realizing how prevalent their use was among Africans living in the diaspora after settling in Canada
Pesa unlocks new markets to keep remittances flowing to emerging economies Read More »
Paytm’s loss widened even as revenue declined by 36% year-on-year as the once-poster star of Indian startup ecosystem continues to grapple with the Reserve Bank of India’s clampdown that significantly curtailed the payments bank business unit. The Noida-headquartered firm’s loss more than doubled to $100 million in the quarter ending June, it disclosed Friday. The
Paytm loss widens and revenue shrinks following regulatory clampdown Read More »
To say that Pix, the instant payment system created by the Central Bank of Brazil, has been a resounding success is an understatement. With Pix, money moves directly between core banking systems of different financial institutions. Adoption has been widespread and ubiquitous. The country’s residents have the ability to even pay street vendors using the
Welcome to TechCrunch Fintech! This week, we’re looking at Sequoia Capital’s effort to give its LPs liquidity on the firm’s investments in Stripe, how LatAm fintechs are still catching investors’ attention, a sizable Series A from an African startup, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to
Real-time payments are becoming commonplace for individuals and businesses, but not yet for cross-border transactions. That’s what Caliza is hoping to change, starting with Latin America. Founded in 2021 by American entrepreneur Ezra Kebrab, who now lives in São Paulo, Brazil, Caliza offers an alternative to transfers made via SWIFT, which are the norm in
Caliza lands $8.5 million to bring real-time money transfers to Latin America using USDC Read More »
The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse operated a service that allowed others (mainly fintechs) to embed banking services into their offerings. For instance, a software provider that specialized in payroll for 1099 contractor-heavy businesses used
Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened Read More »
Uzbekistan’s only mobile-exclusive bank, TBC Bank Uzbekistan, owned by London Stock Exchange-listed TBC Bank Group, has raised $38.2 million in a fresh equity investment. It plans to expand its local presence in the country and introduce new financial products, as well. TBC Bank Group has led the latest funding in TBC Bank Uzbekistan by infusing
Uzbekistan mobile bank TBC raises $38.2M to expand its financial products Read More »
