Plaid launches incubator FinRise for fintech founders of colour
The incubator is looking to accept just three-to-five start-ups.
The incubator is looking to accept just three-to-five start-ups.
Some $16 billion in reportable transactions passed through the bank’s platform.
The two had initially intended to close the deal by June 2020.
LettucePay operates on top of Stellar Network, an open source blockchain platform.
The IPO will value SoFi at $8.65 billion.
FIs can help clients proactively identify and respond to potential problems.
The start-up announced a $165 million Series D funding round.
A number of fintechs have still been tested during COVID-19, some to the brink of collapse.
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
Swift’s ambitious new strategy to reinvent global financial transactions.
Modernising the finance department should be a priority.
We cover embedded finance, competition, open banking, and CBDCs.
eOriginal claims “double-digit” revenue growth over the last three years.
Thoma Bravo are investing right at time, says Venafi CEO.
The start-up hopes to speed up go-to-market times.
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
“Advisors are increasingly seeking intelligent, automated tools,” says bank.
“[The] banking experience should be as easy as spinning up a virtual server.”
Stripe is looking at products around digital identity.
The fintech removes the need for renters to pay a deposit for a rental property.
Stripe could see its valuation quadruple in just two years.
S&P Global’s shares have risen 25% in New York this year alone.
Join comedian Tom Ward for the 2020 Banking Tech Awards. Broadcast online on 10 Dec, 3:30pm GMT and is free to attend.
Square enjoyed a 4% jump in stock market value following the announcement.
Gemini launched in the UK two months ago.
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
Incumbents and fintechs face the same challenges when scaling real-time payments.
MSU holds around $5.5 billion in assets and is America’s 48th largest credit union.
RTR marks a big step in modernising Canada’s payments system.
“Railsbank [is] set out on a mission to be a truly global platform.”
To date, the fintech has raised some $165 million in funding.
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
The deal with Fundera sees NerdWallet continue to diversify its business.
The start-up’s speedy route to what could be unicorn status is unusual.
The value of Visa’s acquisition is also undisclosed.
Wirecard put the market value of its North American business at €824m.
Williams likens it to the “Russian doll effect”.
Of its 15 investments, three were founded by Revolut alumni.
Each month, the digital challenger promises to gift $10,000 to Black or Latinx businesses.
“This shows Visa’s commitment to onboard other companies which develop crypto.”