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Tag: FinTech

Stripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown

April 28, 2024 No Comments Technology ,

Fundid’s founder shares how rising interest rates, VCs and partners killed the business finance startup Welcome to TechCrunch Fintech! This week, we’re looking at Stripe’s big product announcements, a bump in valuation for a Brazilian fintech startup and much more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox [...]read moreStripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown

Fintech gaming startup Sanlo’s webshop tool could help developers avoid costly app store fees

April 25, 2024 No Comments Technology , , , , ,

Sanlo, a fintech startup that helps gaming companies manage finances, announced Wednesday the closed beta launch of its webshop tool, giving select game developers and studios a plug-and-play solution that works alongside their existing tech stacks. Gaming companies can sign up for a demo starting today. With Google and Apple charging a 30% fee for [...]read moreFintech gaming startup Sanlo’s webshop tool could help developers avoid costly app store fees

Fintech Fundid was shut down over interest rates and a strained cap table

April 24, 2024 No Comments Technology , ,

Winding down a startup can be bittersweet for founders. In the case of Fundid, rising interest rates killed the business finance startup. But VCs and partners hurt it, too, founder Stefanie Sample says. TechCrunch profiled the company in 2022 when Sample raised $3.25 million in seed funding backed by fintech investor Nevcaut Ventures, The Artemis [...]read moreFintech Fundid was shut down over interest rates and a strained cap table

Fintech startup Hitch rolls out white-label HELOC product

April 23, 2024 No Comments Real estate , , ,

New York City-based fintech startup Hitch announced the launch of its Hitch Home Equity White Label program in partnership with United Mortgage Corp. This iteration signals Hitch’s smooth transition from the direct-to-consumer market to a collaborative effort with independent mortgage lenders. United Mortgage Corp., a midsized lender based in the state of New York, originated [...]read moreFintech startup Hitch rolls out white-label HELOC product

Fintech startup Ramp sees 32% bump in valuation, Mercury expands into consumer banking

April 21, 2024 No Comments Technology , , , , ,

Welcome to TechCrunch Fintech! This week, we’re looking at Ramp’s big raise and valuation jump, Mercury’s move into personal banking, Klarna’s new credit card, global funding rounds and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.  The big story Ramp, [...]read moreFintech startup Ramp sees 32% bump in valuation, Mercury expands into consumer banking

Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey

April 19, 2024 No Comments Technology , , ,

Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage Ventures of Canada. The startup is aimed at Turkey’s retail investor market and claims to have more than 2 million users. Its pitch is that it [...]read moreEquities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey

Tesla’s newsy week, and is fintech having a moment?

April 19, 2024 No Comments Technology , , ,

It’s been more than a minute since Tesla went public, but the EV company was inescapable on TechCrunch this week. From layoffs to pricing changes and more, it was a week dyed deeply in Tesla colors so we had to chat through the latest. But that was just one element of what we got into [...]read moreTesla’s newsy week, and is fintech having a moment?

Fintech CRED secures in-principle approval for payment aggregator license

April 19, 2024 No Comments Technology , ,

CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster. The Bengaluru-headquartered startup, valued at $6.4 billion, received the in-principle approval from the Reserve Bank of India for the payment [...]read moreFintech CRED secures in-principle approval for payment aggregator license

Fintech Mercury, whose B2B business is caught up in regulatory scrutiny, expands into consumer banking

April 17, 2024 No Comments Technology , , ,

Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice. The expansion is a natural move for the company and one that has been in the works for a couple of years, according to Immad [...]read moreFintech Mercury, whose B2B business is caught up in regulatory scrutiny, expands into consumer banking

Klarna credit card launches in the US as Swedish fintech grows its market preasence

April 17, 2024 No Comments Technology , , ,

Klarna is launching its credit card in the United States, the Swedish fintech giant told TechCrunch in an exclusive interview. “It was one of our most asked for products,” said David Fock, Klarna’s chief product officer, “and will allow people to pay in the Klarna way but with a card.” By “Klarna way,” Fock means [...]read moreKlarna credit card launches in the US as Swedish fintech grows its market preasence