When the U.S. Feds cut interest rates by half a percentage point last week, it was a dash of good news for venture capitalists backing one particularly beleaguered class of startups: fintechs, especially those that rely on loans for cash flow to operate their businesses. These companies include corporate credit card providers like Ramp or […]
Welcome to TechCrunch Fintech! This week, we’re looking at a new real estate startup that’s making big waves with its offering, Klarna and Affirm’s financials, a neobank focused on immigrants that’s growing fast, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00
The cost of healthcare in the U.S. has been rising rapidly, but the portion of those costs footed by patients has increased even faster. Just two decades ago, fees paid by patients accounted for only 5% of hospitals’ and doctors’ revenue, but by 2017, those fees made up 35% of revenue. This trend inevitably led millions
Two years after it was announced at WWDC, Apple’s U.S.-only Pay Later feature is no more. TechCrunch has confirmed the news, which was first noted by 9 to 5 Mac. Here’s the full statement offered to TechCrunch. Starting later this year, users across the globe will be able to access installment loans offered through credit
Apple kills Pay Later feature ahead of Affirm integration Read More »
Google Pay is rolling out a number of updates that capitalize on its integrations with other Google products, like Android and the Chrome browser. Starting Wednesday, people who check out with Google Pay will be able to see their card benefits and perks before selecting a card; use “buy now, pay later” through partners like
Google Pay will now display card perks, BNPL options and more Read More »
Buy-now-pay-later services have become so ubiquitous that BNPL may as well just be another way to say ‘debt.’ But in Mexico, where BNPL platform Aplazo operates, a large underbanked population makes BNPL more like an alternative to cash. The four-year-old Mexican fintech startup facilitates fractionated payments to offline and online merchants even when the buyer
Aplazo is using buy-now-pay-later as a stepping stone to financial ubiquity in Mexico Read More »
