Finance

Visa supports transaction settlement with USDC stablecoin

Payment card network Visa has announced that transactions can be settled using USD Coin (USDC), a stablecoin powered by the Ethereum blockchain. Crypto.com is the first company to test the new capabil

UK’s Cazoo will list on the NYSE by way of a SPAC, valuing it at $7B and raising $1.6B

Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will be next company to pursue more growth by way of a SPAC: the company today announced that it will li

Jeff Bezos’ investment fund is backing a startup hoping to be the AWS for SMB accounting

One of the biggest pain points for startups and small businesses is keeping up with back office tasks such as bookkeeping and managing taxes. QuickBooks, it seems, just doesn’t always cut it. Three-

Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B

Chainalysis, a blockchain analysis company, announced Friday it has closed on $100 million in Series D financing, doubling its valuation to over $2 billion. The round comes just four months after the

Will fading YOLO sentiment impact Robinhood, Coinbase and other trading platforms?

What would happen to Robinhood and its cohorts if the apparent cooling in consumer trading demand continues? Let's talk about it.

Big banks rush to back Greenwood, Killer Mike’s Atlanta-based digital bank for underrepresented customers

Before even taking its first deposit, Greenwood, the digital banking service targeting Black and Latino individuals and business owners, has raised $40 million — only a few months after its lau

Notarize raises $130M, tripling valuation on the back of 600% YoY revenue growth

When the world shifted toward virtual one year ago, one service in particular saw heated demand: remote online notarization. The ability to get a document notarized without leaving one’s home sudden

PPRO extends latest round to $270M, adding JPMorgan and Eldridge to grow its localized payments platform

In January, localized payments provider PPRO became the latest fintech-as-a-service startup to hit a billion-dollar valuation when it closed $180 million in funding. As a mark of how payments and e-co

LA’s socially conscious bank challenger, Aspiration, launches a carbon offset credit card

Aspiration, the financial services business for socially conscious consumers, is back with another environmentally friendly offering for its customers — this time, it’s a credit card. The

Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud

On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering platform, another startup in the space is levelling

Nigerian fintech of the unbanked Bankly raises $2M led by Vault

Nigeria remains a largely cash-dominated country. There are more than 100 million adult Nigerians, of which more than half have little or no access to financial services.  Today, Bankly, a Nigerian f

Most African YC-backed startups in today’s batch are focused on fintech

In Africa, Y Combinator is known to be a major backer of most of the continent’s well-known startups. Two of the most talked-about in the last two quarters — Flutterwave and Paystack &#821

Trace announces $8M seed to help companies coordinate budgets

Trace, an early startup that wants to bring a taste of SaaS to the finance side of the house, announced an $8 million seed round today led by Greylock and Uncork Capital with participation from Nyca P

Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

Nigerian startup Xend Finance uses decentralized finance (DeFi) to address currency devaluation. DeFi aims to bridge the gap between decentralized blockchains and financial services. Aronu Ugochukwu a

Revolut applies for bank charter in the US

London-based fintech startup Revolut has announced that it is applying for a bank charter in the U.S. The company has submitted a draft application with the FDIC and the California Department of Finan

Sivo, a young ‘Stripe for debt’ led by a veteran operator, seems to have investors clamoring

Kate Hiscox is having a moment. Her company, Sivo, founded eight months ago, has already raised $5 million from investors at a post-money valuation of $100 million, and she says she is in active talks

Extra Crunch roundup: AI eats fintech, fundraising visas, no-code transition tips, more

Most American retail banks are designed the same way: Customers must pass several desks set aside for loan and mortgage officers before they can talk to a customer representative. I only step inside a

Social+ payments: Why fintechs need social features

The shift toward social+ is not going anywhere, and the fintech vertical is no exception. The good news is the social+finance trend is still in its infancy, which means there are opportunities to gain

AI fintech products are operating at scale and investor interest is maturing

Per a new dataset I spent this morning chewing on, VCs are firing cannons of capital into the AI startup world while exits reach new records.

Kuda raises $25M more led by Valar to become the neobank for ‘every African on the planet’

Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. Today, one of the trail
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