Fintech

Credit scoring companies operating in the European Union could be facing tighter curbs under the bloc’s privacy laws following a ruling issued by the Court of Justice (CJEU) today. The referral relates to complaints brought against the practices of a German credit scoring company, called Schu

Amazon is dropping Venmo as a payment option next month, the PayPal owned mobile payment service announced on its website. The official announcement comes as Amazon notified users last night via email that Venmo will no longer be accepted on Amazon.com starting January 10, 2024. Amazon will still,

Scalable Capital, a Munich startup that aims to make investing in financial markets accessible to a wider range of consumers, is putting more fuel in its tank to drive deeper into Europe. The company has raised €60 million in equity ($65 million at today’s rates). It will be using the funds

Paytm dropped 20% on Thursday before recovering slightly after the Indian financial services firm announced plans to issue fewer personal loans under 50,000 Indian rupees ($600), a move that has already started to rattle many fintech investors. Shares of Paytm were trading at 678 Indian rupees, dow

Navan, an expense management startup once known as TripActions, has laid off 5% of its staff, or 145 people, a spokesperson confirmed to technewss today. The Information first broke the news. “Navan has recorded strong growth over the past three years despite the challenges a

We've seen how non-dilutive, revenue-based financing has risen up the priority ranks for companies as the era of ZIRP — as the Zero Interest Rate Period is now lovingly and somewhat longingly known — recedes into the distance, and securing venture capital funds becomes harder. An example of

Apple is quietly disputing a headline by The Wall Street Journal that claims the tech giant has “pulled the plug” on its Goldman Sachs partnership which covers the Apple Card credit card and savings account. Instead, Apple says the two companies remain focused on providing “an inc

We last wrote about Lassie, a pet health app and insurance provider, when it closed an €11 million Series A round in 2022. Its growth had been spurred by the boom in pet ownership during the pandemic (nearly half of all European households now own a pet, and owners spend €23.5 billion on them a

In the dynamic landscape of African international trade, a prevalent challenge looms large: A mere 30% of trade volumes find financial intermediaries in banks. This glaring gap in financing disproportionately impacts small and medium-sized enterprises (SMEs), as their larger counterparts absorb the

French startup Indy has recently closed a new funding round of $44 million (€40 million), with BlackFin Capital Partners leading the round. Indy started as an automated accounting platform for freelancers and other self-employed people. But the company has been slowly iterating on its product to

African payments company Paystack has reduced its operations outside of Africa, trimming its workforce in Europe and Dubai. This decision comes as part of a streamlining effort, particularly in markets where the company had previously hired technical roles to support its primary operations in Afric

PayPal-owned Venmo is rolling out a new feature starting today that will allow its users to track and manage multiple expenses among groups — like families or roommates’ household expenses, clubs or sports teams, community organizations and more. With Venmo Groups, users will be able to

My journey from being a humble immigrant to becoming a marine and, subsequently, a successful entrepreneur is a testament to the American Dream in action. According to the SBA, veterans are roughly 45% more likely to form their own business compared to people who haven't served in the military.

All business crowdfunding platforms wishing to operate within the European Union (EU) must now comply with a new EU-wide regulatory framework that brings a uniform set of rules to the bloc. Crowdfunding platforms that had previously been greenlighted to operate had until today to receive authorizat