Clubhouse launches payments so creators can make money
Clubhouse, a one-year-old social audio app reportedly valued at $1 billion, will now allow users to send money to their favorite creators — or speakers — on the platform. In… »
Category: Payments
‘Animal Crossing: New Horizons’ and the limits of today’s game economies
Kaiser Hwang Contributor Share on Twitter Kaiser Hwang is a longtime member of the games community and a vice president at Forte, an organization building an open economic platform for… »
Extra Crunch expands into Romania
Extra Crunch is now live in Romania. That adds to our existing support in Europe in Austria, Belgium, France, Germany, Italy, the Netherlands, Poland, Spain, and U.K.. There’s been reason… »
Plaid’s Zach Perret: ‘Every company is a fintech company’
The fintech revolution is just getting started. At least that’s the impression we got after a conversation with Plaid co-founder Zach Perret. He appeared on Extra Crunch Live last week… »
4 views on the future of retail and the shopping experience
The global spread of COVID-19 and resulting orders to shelter in place have hit retailers hard. As the pandemic drags on, temporary halts are becoming permanent closures, whether it’s the… »
As e-commerce booms during the pandemic, Shopify accelerates
Despite the economic disruptions associated with the coronavirus pandemic, cloud vendors are holding up well as many client companies and their employees work from home. With stores closed, it’s natural… »
New York payments startup exposed millions of credit card numbers
A massive database storing millions of credit card transactions has been secured after spending close to three weeks exposed publicly to the internet. The database belongs to Paay, a card… »
Mobile payments firms in India are now scrambling to make money
Vijay Shekhar Sharma, founder and chief executive of India’s most valuable startup, Paytm, posed an existential question in a recent press conference. “What do you think of the commercial model… »
Plastiq raises $75M to help small businesses use credit cards more
When Eliot Buchanan tried to use his credit card to pay his Harvard tuition bill, the payment was rejected because the university said it doesn’t accept credit. Realizing the same… »
Facebook’s Libra Association adds crypto prime broker Tagomi
$28 million-funded crypto startup Tagomi will be the newest member of the Libra Association that governs the Facebook-backed Libra stablecoin, TechCrunch has learned. A formal announcement of Tagomi joining was… »
Fintech startups raised $34B in 2019
Financial services startups raised less money in 2019 than they did in 2018 as VC firms looked to back late stage firms and focused on developing markets, a new report… »
Fintech’s next decade will look radically different
The birth and growth of financial technology developed mostly over the last ten years. So as we look ahead, what does the next decade have in store? I believe we’re… »
Why Bill.com didn’t pursue a direct listing
Bill.com went public today after pricing its shares higher than it initially expected. The B2B payments company sold nearly 10 million shares at $22 apiece, raising around $216 million in… »
Nike is latest retailer to offer 3% cash back to Apple Card users
Nike is the latest company to offer 3% cash back to Apple Card users, when they make an Apple Pay purchase using the card across Nike’s retail platforms, including its… »
India’s financial services firm Paytm raises $1B
Paytm said on Monday it has raised $1 billion in a new financing round as the Noida-headquartered firm, which once dominated the local mobile payments market, attempts to fight back… »
India’s Razorpay launches corporate credit cards, current accounts support in major neo banking push
India’s RazorPay, one of the largest payments processing firms in the country, today announced a range of new services aimed at startups, businesses, merchants and freelancers as the Bangalore-based firm… »
Placement is the much-needed talent agent for jobseekers
“We’re giving away money to strangers on the internet” is a pretty cavalier pitch for a new startup. But the more I learned about Placement, the smarter it sounded. In… »
PayPal to acquire shopping and rewards platform Honey for $4B
PayPal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is… »
Macy’s said hackers stole customer credit cards — again
For the second time in as many years, Macy’s customers have been hit by a data breach involving countless numbers of credit cards. In a filing with the California attorney… »
PayPal to enter China through GoPay acquisition
The People’s Bank of China has approved PayPal’s acquisition of a 70% equity state in GoPay (Guofubao Information Technology Co. (GoPay), Ltd.), which will make PayPal the first foreign payment… »
Manila-based payments processing startup PayMongo raises $2.7 million in seed funding
Manila-based financial tech startup PayMongo has raised $2.7 million in seed funding to give merchants in the Philippines and other Southeast Asian markets simple ways to set up online payments…. »
Walmart launches two new credit cards offering 5% back on digital purchases
Walmart is partnering with Capital One to launch a new credit card program, which rolls on September 24, and includes both co-branded and private-label cards. The former, the Capital One… »
India’s OkCredit raises $67M to help small merchants digitize their bookkeeping
OKCredit, a Bangalore-based startup that enables small merchants to digitize their bookkeeping, has raised $67 million in a new financing round to grow its business in the nation. The Series… »
Paytm’s annual loss doubles to $549M
Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of Rs 3959 crore ($549 million) for… »
Annual Extra Crunch members get 100,000 Brex Rewards points upon credit card signup
We’re excited to announce an addition to the Extra Crunch community perks. Starting today, annual Extra Crunch members can get 100,000 Brex Rewards points after signing up for a Brex… »
8-month-old startup FPL Technologies raises $4.5M to improve credit card experience in India
An eight-month-old startup in India that wants to improve the user experience of credit card holders in the nation has received the backing of at least two major investors. Pune-based… »
Apple warns against storing the Apple Card in leather and denim
First of all, keep it out of the light. It hates bright light, especially sunlight, it’ll kill it. Second, don’t give it any water, not even to drink. But the… »
Aspire raises $32.5M to help SMEs secure fast finance in Southeast Asia
Aspire, a Singapore-based startup that helps SMEs secure working capital, has raised $32.5 million in a new financing round to expand its presence in several Southeast Asian markets. The Series… »
Fintech firm Zeta’s valuation climbs to $300M in its first external funding round
Startups looking to expand the reach of financial services continue to receive a nod from investors. Zeta, a fintech firm that runs a full stack neo-banking platform and offers enterprise… »
Visa invests in India-based B2B payments platform PayMate’s $25M round
PayMate, a Mumbai-based startup that helps businesses automate and digitize their payments, is raising $25 million in a new round, its founder said, as it looks to expand its presence within… »
Foreign secretary hints he believes same Russian cell behind Salisbury poisoning and Czech explosion The British foreign secretary, Dominic Raab, said the UK stood in “full support” of the Czech… »
Foreign secretary hints he believes same Russian cell behind Salisbury poisoning and Czech explosion The British foreign secretary, Dominic Raab, said the UK stood in “full support” of the Czech… »
