Sometimes, the easiest way to find a great idea for a startup is to look beyond the current problem you’re solving for your customers. That’s exactly what worked for the founders of KPay. Davis Chan and his co-founders previously helped small and medium-sized merchants optimize their revenue and traffic in Asia, but they eventually noticed […]
KPay, a financial management platform for SMEs, raises $55M Series A Read More »
Heading into 2024, Mike Packer, a partner at fintech-focused QED Investors, predicted we’d hit the bottom for funding to Latin American fintech startups during the year. While momentum wasn’t a straight shot up and to the right, Packer’s prediction may still have come true. The volume of venture capital dollars invested into fintech companies based
Latin America fintech will be a market to watch in 2025 Read More »
Mexico’s economic development — turbocharged by the amount of nearshoring in recent years — has made it fertile ground for startups. But the trend is under threat if President-elect Donald Trump follows through with his idea of taking a harder line on trade with Mexico. Jaime Tabachnik, co-founder and CEO of Mexican trucking finance startup
Trump’s tariff threats don’t scare this Mexican fintech Read More »
Daricus Releford always wanted to be a founder. In high school, he ran a hot dog station and in college launched a chocolate-covered strawberry business, making millions in sales before moving to Silicon Valley to pursue his dreams in tech. Entrepreneurship simply runs in his family, he told TechCrunch. “My grandfather was one of the
StoreCash’s new app lets you instantly earn cash back at stores Read More »
Finastra, a London-based financial software company that serves most of the world’s top banks, has confirmed it’s investigating a data breach after a hacker claimed a compromise of the company’s internal file-transfer platform. In a statement given to TechCrunch, Finastra spokesperson Sofia Romano confirmed the fintech giant detected what it calls “suspicious activity” related to
Fintech giant Finastra confirms it’s investigating a data breach Read More »
The majority of the aging population in Japan still prefers using cash for transactions, according to a recent report citing government data. In 2023, cashless transactions in Japan totaled 126.7 trillion yen ($885 billion), accounting for 39.3 percent of all spending in the country, said the Japanese government. The government hopes that number reaches 40
SmartBank secures $26M for its personal finance management app Read More »
The Federal Trade Commission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted their
The FTC comes after neobank Dave for misleading marketing, hidden fees Read More »
Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital; the startup had been completely bootstrapped.
Interface.ai raises $30M to help banks field customer requests Read More »
In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at
Concourse is building AI to automate financial tasks Read More »
Billing might not be something that the average person thinks about on a regular basis. But for companies — particularly those in the business of selling software — it’s massively important. They rely on billing systems to ensure that customers pay on time and have a range of ways to pay. The trouble is, configuring
