Fintech

Investment giant BlackRock announced Friday it is taking a minority stake in venture-backed fintech startup Human Interest. Terms of the deal were not disclosed. Human Interest's digital retirement benefits platform allows users “to launch a retirement plan in minutes and put

One startup is banking on the fact that businesses are eager to earn as much yield as possible on their cash. Mayfair is a new fintech startup that offers businesses up to 4.02% APY, a number it claims is among the highest out there. How a startup that is barely two years old is able to offer such

Greenlight, a fintech startup offering debit cards to kids, has laid off 104 employees — or over 21% of its total headcount of 485 employees — to “better align with ongoing operating expenses” amid the economic slowdown. technewss learned about the layoff that was announced to its

India will spend nearly $320 million to promote cards on RuPay and for low-value UPI transactions, the latest in a series of moves by New Delhi to fuel the growth of its homegrown payments network. New Delhi approved a plan Wednesday to spend $318.4 million for the promotion of RuPay debit cards an

Last year, French startup Qonto acquired its German competitor Penta. Both companies offer business bank accounts for small and medium companies as well as freelancers. Today, Qonto shared some details about the integration process. At the time of the acquisition, Penta was serving 50,000 companies

Doorstead, a property management startup that offers “guaranteed” rental payments to homeowners, has raised $21.5 million in a Series B round of funding. Ryan Waliany and Jennifer Bronzo started Doorstead in 2019, initially testing out its model for setting prices for rental properties on Craig

While German startup Trade Republic is better known as a mobile app that helps you buy and sell stock, the company is adding interest on uninvested cash. Users who hold cash in their Trade Republic account will receive 2% in annual interest. This feature reminds me of Robinhood's brokerage cash

Suhail Sameer, the chief executive of BharatPe, will leave the top role later this week as the Indian fintech startup scrambles to steer the ship after kicking out its founder last year for allegedly misusing company funds. The New Delhi–headquartered startup, backed by Sequoia India, Tiger Globa

Ever since Elon Musk's “be careful what you wish for” acquisition of Twitter, speculation about America's first homegrown “super app” has soared. In October, Musk tweeted: “Buying Twitter is an accelerant to creating X, the everything app.” According to Ark Invest founder Cathie

Pakistan's markets regulator issued new guidelines for digital lending in the country, cracking down on several sketchy practices that it said have become prevalent in the South Asian market. The Securities and Exchange Commission of Pakistan said Wednesday evening that non-banking finance comp

Indian e-commerce giant Flipkart no longer owns a stake in payments firm PhonePe. The two said on Friday that they have completed a full ownership separation of PhonePe and shareholders in the Singapore entities of both firms have purchased shares directly in PhonePe's India entity. The move co

Over a year after grabbing $4 million in pre-seed funding, Chile-based Kredito, a business lending startup, is back with another $6 million in new funding. The company launched to the public in 2021 and partners with financial institutions to help small businesses with their spend management, acces

Dakotah Rice spent years working in the investment banking industry at firms such as Goldman Sachs, Carlyle and Coatue. One thing that stood out to him was how only a small group of select people and firms could invest in venture capital and private equity funds. The barrier of entry is high, as mi

Global payments giant Visa says it will invest $1 billion by 2027 to expand its investments in Africa amidst a digital payments boom on the continent. Visa chief Al Kelly announced this pledge on Wednesday during the U.S.-Africa Business Forum, a sub-event in the broader U.S.-Africa Leaders Summit,