Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
UK cloud banking fintech Thought Machine doubles valuation to $2.7bn
Unicorn brings Morgan Stanley on board as client and investor We'll send you a myFT Daily Digest email rounding up the latest Fintech news every morning. London-based fintech Thought Machine has doubled its valuation to $2.7bn as the cloud banking…
Greenlight, a $2.3B fintech focused on kids, launches credit card for parents
Image Credits: DBenitostock / Getty Images Greenlight, the Atlanta, GA-based fintech company that pitches parents on kid-friendly bank accounts, is launching a credit card. The Greenlight-branded card, offered through Mastercard, offers up to 3%…
The Scion Of A Banking Family Crafts A Fintech Future
Luvleen Sidhu's first job in finance was at Lehman Brothers. It was 2008, the year the investment bank, founded in 1847, went bankrupt. “I called and asked, should I come in?” Sidhu told me in a recent interview. Yes, she was told. So…
Biden Pick for Fed Financial Oversight Post Invests In a Bunch of Crypto Firms - VICE
Last month, President Biden announced that former Obama administration official and law professor Michael Barr was his pick to be the Federal Reserve's Vice Chair for Supervision, with a Senate committee hearing scheduled for May 19. The position…
Mastercard partners with Swedish fintech Dreams on sustainable banking
Dreams, the financial wellbeing platform and leader in engagement banking solutions has today announced a strategic partnership with Mastercard to focus on delivering a suite of sustainable banking products for financial institutions designed to…
Banking-as-a-service startup Unit closes on $100M at a $1.2B valuation
Image Credits: Bryce Durbin / TechCrunch Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners. Existing backers Accel, Better Tomorrow Ventures, Aleph, and Flourish Ventures also…
Tax Software Company Column Tax Raises A $21.7 Million Series A
Tax software company Column Tax, which provides an API that enables mobile banking and fintech companies to offer tax products to their users, announced today that it has raised a $21.7 million series A. The round was led by Bain Capital Ventures…
Three Key Latest Trends Shaping Fintech today
The fintech market size stood at USD 112.5 Billion in 2021 (GlobeNewswire). The pace of change and innovative mindset in fintech has picked up in the recent years and the industry continues growing exponentially. The Global Fintech Market size is…
Insight Bet Values Banking Software Startup Unit at $1.2 Billion
Insight Partners led a $100 million equity funding round that values financial-technology startup Unit at $1.2 billion, almost quintuple the $255 million it last commanded. New York-based Unit, which makes software that allows companies to offer…
The 2022 CNBC Disruptor 50 list: Meet the next generation of Silicon Valley
In the tenth annual Disruptor 50 list, CNBC highlights private companies that grew through the ups and downs of the pandemic and are poised to meet increasing economic and consumer challenges. All told, these firms have raised a half-trillion…
Final Call! The Ultimate Fintech Awards 2022 Are Within Reach
We have reached the final stage of the nomination process of the Ultimate Fintech Awards 2022. The time has come to cast your choice. There is less than one week to go before the deadline, and nominations are coming in thick and fast. In other…
Loyalty platforms: Simplifying fintech industry
Revenue generation and customer acquisitions are two major concerns every brand looks into. To tackle these two important aspects, brands nowadays have been considering various cost effective alternatives like loyalty programs. Loyalty platforms…
Miami mayor welcomes buy now, pay later fintech Zilch to Brickell
MIAMI – Mayor Francis Suarez welcomed a growing fintech company with headquarters in London to its U.S. headquarters in Miami's Brickell neighborhood. Zilch, a buy now, pay later app, has about 30 employees and plans to create about 200 more…
Brazillian fintech Nomad raises $32 million
Foley & Lardner LLP recently represented Nomad, a Latin American fintech that enables Brazilians to establish bank accounts in the United States, in its $32 million (R$160 million) financing. The round was led by Stripes, followed by monashees…
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Elon Musk's SpaceX is poised to become the most valuable U.S. startup
May 17 (Reuters) - Billionaire Elon Musk's SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market, sources familiar with the matter told Reuters. The…
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