Fintech Farm, a newly launched fintech startup based in the U.K. that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 million in seed funding. The company said it plans to use the investment to launch neobanks in eight countries over the next 24 months. Flyer One Ventures and […]
Credit-focused company Upgrade raises $280 million at $6 billion valuation
Fintech company Upgrade has raised a Series F round just four months after raising its previous round. Today, the company is announcing $280 million in new funding at a $6 billion pre-money valuation. In August, the company announced its Series E round — $105 million at a $3.325 billion valuation. In other words, the company […]
Balancing risk: Modern architecture’s role in the BNPL playbook
Buy now, pay later (BNPL) is an old form of payment that is new again in a big way. And that could mean trouble for BNPL fintechs that are just getting to know the world of lending.
シリコンヴァレーで人気急上昇、新コンセプトのクレジットカードが注目される理由
米国のテック業界では、いま新しいコンセプトのクレジットカードの人気が急上昇している。ステンレス製でアート作品のようなデザインもさることながら、注目されるのはキャッシュフローに基づく独自の与信評価と豊富な特典だ。
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Neiman Marcus data breach impacts 4.6 million customers
Users were asked to change passwords—but were not offered free credit monitoring.
Indian fintech Slice launches $27 credit limit cards to tap 200 million users
Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the South Asian nation for the last few years. The relatively young credit-rating system in India covers only a tiny fraction […]
What does Brazil’s new receivables regulation mean for fintechs?
This the story of one regulator, the Brazilian Central Bank, and how it has taken center stage in creating a framework that will have far-reaching effects on merchants and fintechs in Brazil.
Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal
In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The transaction is expected to close in […]