Fintech representation in YC’s Demo Days is definitely shrinking
Welcome to TechCrunch Fintech! This week, we’re looking at just how many fintech companies made it into Y Combinator’s Winter 2024 cohort, how much funding slid in the first quarter,…
Fintech funding slows to the lowest level since 2017
When it comes to funding, the fintech sector didn’t have a very good start to the year. Fintech funding slid by 16% quarter-over-quarter during the three-month period, according to CB…
Robinhood’s new Gold Card, BaaS challenges and the tiny startup that caught Stripe’s eye
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at Robinhood’s new Gold Card, challenges in the BaaS space and how a tiny startup caught Stripe’s eye. To…
NewRetirement wants to simplify financial planning for retirement
When entrepreneur Stephen Chen’s mom began approaching retirement age, she was forced to borrow money from Chen — and Chen’s brother — to make ends meet. They wanted to help,…
Robinhood’s new credit card goes after Apple Card with ability to invest cash-back perks
Eight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give…
Synctera is the latest banking-as-a-service startup to lay off staff
Banking-as-a-service startup (BaaS) Synctera has conducted a restructuring that has resulted in a staff reduction, the company confirmed to TechCrunch. While Synctera did not share how many employees were impacted,…
Maju Kuruvilla is out as CEO of one-click checkout company Bolt
Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’…
Non-sexy industries can appeal to investors too
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at some hot fintech startups in Africa, how Mint’s closure has been Copilot’s gain and why VCs have doubled…
Nsave gets $4M to enable people from unstable economies open offshore accounts
Nsave, a fintech based in Geneva making banking in Switzerland accessible to people in countries at war or those with unstable banking sectors or facing high inflation, has raised $4…
YC-backed digital bank Onyx Private tells customers it’s closing their accounts TechCrunch Fintech
Miami-based Onyx Private, a Y Combinator-backed digital bank that provided banking and investment services for high-earning Millennials and Gen Zers, is terminating its bank operations. In a March 13 email…
Why does every startup want to help you get paid?
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at the piping hot global payroll space, neobank Dave’s financial results and related stock boost, and more! To get…
Flush with cash, French fintech unicorn Qonto acquires Regate
While many entrepreneurs are currently facing the harsh reality of a VC funding crunch, Qonto isn’t one of them. The Paris-based business banking startup still has hundreds of millions of…
2-year-old LatAm fintech Yuno reaches $150M valuation with backing from DST, Tiger, a16z
A couple of years ago, payments orchestration was a foreign term to many large companies Juan Pablo Ortega would speak to. Today, the Yuno co-founder and CEO doesn’t have to…
When startups fail, these startups clean up
Welcome to TechCrunch Fintech (formerly The Interchange)! Apologies for being out last week — a cold got the best of me, but I’m back and here to talk about the…
Nubank CEO dishes on the neobank’s profit surge and how tourist VCs in LatAm have gone home
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This…
PayPal Ventures’ first AI investment, a credit-based dating app and Robinhood’s good week
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at a new finance-based dating app, Robinhood’s earnings results and the startup in which PayPal Ventures made its first…
Maybe we’ll finally see a fintech IPO in 2024
Welcome to TechCrunch Fintech (formerly The Interchange)! We’re back after a brief hiatus, and I can tell you that judging by the volume of pitches I received last week, venture…
Here are the fintech startups that could go public in 2024
Could 2024 be the year for fintech IPOs? Quite possibly, according to F-Prime Capital’s State of Fintech 2024 report. F-Prime — a VC firm with over $4.5 billion in assets…
Block becomes the latest fintech to lay off workers
Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo…
Fintech Ramp acquires another AI-powered startup
Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its…
PayPal begins more layoffs | TechCrunch
PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear at the time of writing how many people will…
Inside Brex’s efforts to burn less cash
Welcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’m going to look at Brex’s latest round of layoffs, the state of fintech investing in 2023 and more! I…
Gen Z investing app Alinea raises $3.4M, plans to launch an ‘AI copilot’
Alinea Invest, a fintech app offering AI-powered wealth management aimed at Gen Z women, has $3.4 million in seed funding ahead of the launch of a virtual AI assistant that…
General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B
Bilt Rewards, whose platform aims to allow consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million at a $3.1 valuation, the company announced today. General…
It’s fun watching fintech startups grow
Welcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’m going to look at a fintech being sold in a fire sale, a group of startup raises, and more!…
Digital Onboarding grabs $58M to help banks with profitable customer engagement
Digital Onboarding, a SaaS company specializing in helping financial institutions strengthen relationships with customers, secured $58 million in growth capital from Volition Capital to continue developing its digital engagement platform.…
Pomelo stacks $40M to scale its payments infra business in LatAm
Argentinian payments infrastructure startup Pomelo has raised $40 million in a Series B round of funding. The Buenos Aires-based company started in 2021 with the goal of giving fintechs and embedded…
N26 launches stock and ETF trading to complement its banking offering
Berlin-based banking startup N26 is rolling out a new stock and ETF trading feature starting with Austria as the first market. This product launch marks a renewed focus on the…
Carta’s missteps and real estate fintech’s up-and-down week
Welcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’m going to look at some hits and misses in the real estate fintech space, Carta’s missteps (again), and more!…
When it comes to startups’ flight to quality, have we swung too far in the other direction?
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This…
Treasure Financial lays off staff just months after reporting ‘explosive growth’
Treasure Financial has laid off 14 employees, the fintech startup confirmed to TechCrunch today. The layoffs took place in December. The move affected some 60% to 70% of the company,…
Early-stage fintech startups just got more funding sources
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. We wish you and your families a very Happy New Year! If…
Peak XV-backed MobiKwik seeks to raise $84 million in India IPO
Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in a draft…
Exponent Founders Capital, led by Plaid and Robinhood alums, raises $75M to invest in early-stage startups
Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first…
India widens regulatory grip over tech firms
In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s most populous…
Former Anthemis partner soft-launches new fintech-focused venture firm
Ruth Foxe Blader has left her role as partner at Anthemis Group after nearly seven years to start her own venture firm, Foxe Capital, TechCrunch learned exclusively today. Blader is…
Fintech’s biggest hits and misses of 2023
As 2023 comes to a close, we’re here to look back at the biggest fintech stories of the year. Silicon Valley Bank’s implosion felt like a fintech story in that…