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… Read more »
Category: Payments
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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…. Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
Facebook’s regulation dodge: Let us, or China will
Facebook is leaning on fears of China exporting its authoritarian social values to counter arguments that it should be broken up or slowed down. Its top executives have each claimed… Read more »
Highlights from Facebook’s Libra Senate hearing
Facebook will only build its own Calibra cryptocurrency wallet into Messenger and Whatsapp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking… Read more »
HQ Trivia has paid out $6M, but winners complain of delays
HQ Trivia’s troubles continue after a failed mutiny to oust the CEO, a 92% decline in downloads since versus a year ago, and layoffs of 20% of its staff last… Read more »
PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment
PayU, the Naspers owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in… Read more »
Uber Eats invades restaurants with Dine-In option
Tired of cleaning up after take-out or getting hangry waiting at your table in restaurants? Well Uber Eats is barging into the dine-in business. A new option in some cities… Read more »
300M-user meme site Imgur raises $20M from Coil to pay creators
Meme creators have never gotten their fair share. Remixed and reshared across the web, their jokes props up social networks like Instagram and Twitter that pay back none of their… Read more »
Indonesia’s KoinWorks raises $12 million to grow its P2P SME lending platform
KoinWorks, an Indonesian startup that helps small and medium-sized businesses secure financial services through its online peer-to-peer platform, has raised $16.5 million SGD ($12 million USD) in a new funding… Read more »
Google Pay expands its integration with PayPal to online merchants
Google and PayPal have been strategic partners for some time. The companies in 2017 announced that PayPal would become a payment method in Android Pay, the service that later rebranded… Read more »
The real risk of Facebook’s Libra coin is crooked developers
Everyone’s worried about Mark Zuckerberg controlling the next currency, but I’m more concerned about a crypto Cambridge Analytica. Today Facebook announced Libra, its forthcoming stablecoin designed to let you shop… Read more »
Millions of Venmo transactions scraped in warning over privacy settings
A computer science student has scraped seven million Venmo transactions to prove that users’ public activity can still be easily obtained, a year after a privacy researcher downloaded hundreds of… Read more »
Gig workers need health & benefits — Catch is their safety net
One of the hottest Y Combinator startups just raised a big seed round to clean up the mess created by Uber, Postmates and the gig economy. Catch sells health insurance,… Read more »