So now Plaid says it’s a payments company. It was only a matter of time, really.
Alviere lands $70M in funding to help brands offer bespoke financial products and services
Alviere, an embedded finance startup that aims to help any brand deliver financial products and services to its customers and employees, announced today it has closed $70 million of new funding. In April, New York-based Alviere closed a $20 million Series A led by Viola Ventures and Viola Fintech, with the participation of CommerzVentures, Mitsubishi […]
Insuretech, on the heels of a fintech boom, heats up in Africa
Insurance in Kenya and Africa at large remains a marginal product, with levels of penetration across the continent half the world average as a percentage of GDP, and premiums per capita 11-fold lower than the world average, according to a recent report by McKinsey and Co. (and that’s including the outsized market of South Africa; […]
B Capital in talks to back Indian neobank Fi
B Capital Group, which last week co-led Indian social commerce Meesho’s $570 million funding, is in advanced stages of talks to back Bangalore-based neobank Fi (formerly known as epiFi), many aware of the talks told me. Fi offers a neobanking service for millennials in India. The startup, which early last year raised $13.2 million in […]
Tech giants brace for impact in India as new payments rule goes into effect
Apple, Sony, Google, Zoom, PayPal and several other tech companies as well as scores of banks have cautioned customers and partners in India to expect a surge in declined transactions as the world’s second-largest internet market’s central bank enforces a new directive for the way recurring payments are processed in the country. The Reserve Bank […]
Who needs a BaaS partner, anyway?
Banking as a service will change not just the way financial services apps are built and embedded into new platforms, but also the way in which consumers and businesses alike interact with their finances.
Accel, Tiger and Stripe’s COO back Mexico City-based Higo as it raises $23M for its B2B payments platform
Just six months after raising $3.3 million in seed funding, Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. Tiger Global Management also participated in the financing, along with existing backers Haystack, Homebrew, Audacious, Susa Ventures and J Ventures. A number of angel investors also put […]
Crypto liquidity is ready to eat cross-border payments’ lunch
Traditional foreign exchange companies will need to change their revenue models, which currently rely heavily on transaction fees, or risk becoming obsolete.
Fintech startup Tag valued at $100 million in Pakistan’s largest seed round
Tag, a one-year-old startup that offers banking and financial services to users in Pakistan, has raised over $12 million in what is now the largest seed financing round in the South Asian market. Liberty City Ventures, Canaan Partners, Addition, Mantis and Banana Capital and others financed the round, which brings YC-backed Tag’s to-date raise to […]
Bilt Rewards banks $60M growth on a $350M valuation to advance credit card benefits for renters
The latest round comes just 90 days from Bilt’s launch.