business banking

Digital banking startup Mercury abruptly shuttered service for startups in Ukraine, Nigeria, other countries

Startups /

Digital banking startup Mercury is no longer serving customers in certain countries, including Ukraine, the company confirmed to TechCrunch. Mercury made headlines earlier this year when it was caught up in federal scrutiny through one of its partners, Choice Bank, around the practice of allowing foreign companies to open accounts.  The FDIC was “concerned” that […]

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Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse

Fintech /

TabaPay has abandoned its plans to purchase the assets of troubled banking-as-a-service startup Synapse, TabaPay confirmed to TechCrunch today. Synapse says the problem is banking partner Evolve Bank & Trust. And Evolve says it is not involved, and not to blame. Synapse’s counsel declared in bankruptcy court on Thursday that the deal would not be

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