Fintech

TigerBeetle is building database software optimized for financial transactions

Fintech /

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 […]

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Adaptive builds automation tools to speed up construction payments

Fundraising /

The construction industry has a slow payments problem. Studies have found that it takes anywhere from two to three months on average for construction companies to get paid, due to factors such as delays, multiple payment layers and cost overruns. The cost of sluggish construction contract payments climbed to $273 billion in 2023, representing 14%

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Evolve Bank says ransomware gang stole personal data on millions of customers

Security /

U.S.-based banking-as-a-service giant Evolve Bank & Trust has said that cybercriminals accessed the personal data of millions of customers during a recent cyberattack. In a filing with Maine’s attorney general on Monday, Evolve confirmed that the personal data of at least 7.6 million people, including more than 20,000 customers based in Maine, was accessed during

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Payabli is building payment management tools for software startups

Fundraising /

Joseph Phillips and William Corbera, both of whom come from entrepreneurial backgrounds, have been friends for over a decade. Corbera co-founded RevoPay, a payments processing platform that was acquired by payments solutions firm OSG in 2022. Phillips, for his part, led the national sales team at Seamless before heading up sales at ServiceTitan, a web-based

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Relay raises $32.2 million to help smaller businesses manage their cashflow

Fintech /

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,”

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UK challenger bank Monzo nabs another $190M as US expansion beckons

Fintech /

Monzo has raised another £150 million ($190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round comes just two months after Monzo raised £340 million ($425 million), meaning the London-based company has now raised north of $610 million in 2024, and $1.5 billion since its

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Inside Mercury’s competitive push into software and Ramp’s potential M&A targets

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. (New day and time, same awesome newsletter!) The big story Digital banking startup

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Startup neobank Mercury is taking on Brex and Ramp with new bill pay, spend management software

Fintech /

Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch exclusively. The additional features puts the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for

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Daloopa trains AI to automate financial analysts’ workflows

Startups /

Thomas Li was working at Point72, the hedge fund founded by notorious investor Steve Cohen, when he realized that the financial industry relies heavily on manual data entry processes that could be prone to errors. “As a buy-side analyst, I felt the pain of manually sourcing and entering data to build and update financial models,”

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Notable Capital’s Hans Tung on why founders need to play the long game

Fintech /

Hans Tung, a managing partner at Notable Capital, formerly GGV Capital, has a lot of thoughts on the state of venture capital today. With $4.2 billion in assets under management, Notable evolved from 24-year-old cross-border VC firm GGV Capital, and Tung was around when GGV invested in the likes of Affirm, Airbnb, StockX, Square and Slack.

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