Fintech

Meta CEO Mark Zuckerberg announced this week that Facebook Pay has officially been renamed Meta Pay. The current product features and overall user experience that people are used to with Facebook Pay will remain the same across across Facebook, Instagram, WhatsApp and Messenger. The change is rolli

Three more senior executives of digital mortgage lender Better.com have resigned, multiple sources tell technewss. Those three executives are: Jillian White, general manager of Better’s affiliate businesses known as Better+, which consists of its title/settlement, insurance and home inspecti

Opening a business bank account should be fairly easy, but after seeing firsthand just how hard it was, Salomon Zarruk and Sebastian Ortiz decided they didn't want another Latin American business to run into the same kind of difficulty. The pair, who worked together at Tpaga in Colombia, reloca

Three months after announcing it would make a big push into software and enterprise, fintech giant Brex is apparently abandoning the very segment it started out to serve — small to medium-sized businesses. Some startup customers report that they got notice they would be booted off the platfor

Large banks are stepping up their game when it comes to new services and the technology that underpins them, and in many cases they are borrowing straight from the tech world’s playbook: Instead of building in-house, to speed things up, they are tapping third parties that have already found a

India has lifted business restrictions on Mastercard, nearly a year after imposing the ban, once again allowing the cards giant to add new customers in the South Asian market after it demonstrated “satisfactory compliance” with the local data storage rules, the central bank said on Thur

After Apple shook up the buy now, pay later market with news that it would now be a competitor to established firms, PayPal this morning is introducing another buy now, pay later product to follow the 2020 launch of its “Pay in 4” installment program. The new offering, “PayPal Pay

The housing market has taken a huge hit this year as mortgage interest rates have surged and homeowners scale back on purchases. The latest casualties in the proptech world are Redfin and Compass, which both announced layoffs today that combined amounted to about 920 people. In an e

Flip, an Indonesia-based consumer payment platform, has closed a $55 million Series B extension round led by Tencent with participation from Block (formerly known as Square) and existing backer Insight Partners. Additionally, a number of other investors, including founder and CEO of Checkout.com Gu

Pan-African digital payments network MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round. Investors from its first Series C round like AfricInvest FIVE and Comm

The Netherlands’ competition regulator is finally happy with concessions by Apple to allow dating apps in the market to use alternative payment technologies. On Saturday the Authority for Consumers and Markets (ACM) provided an update on the multi-month saga which has drawn high-level attenti

During its WWDC keynote, Apple announced a bevy of changes and updates to its hardware and software. In the mix were anticipated improvements to its various operating systems and computers — and plans to expand its fintech footprint. Apple has been growing as a consumer finance company for so

CRED is raising $140 million in a new financing round, its fourth funding in the past year and a half, as the Indian fintech startup courts millions of high credit score customers and broadens its offerings. GIC, Singapore’s sovereign wealth fund, is leading the Bengaluru-headquartered startu

Middesk, a platform designed to automate business verification and underwriting decisions, today announced that it raised $57 million in a Series B round co-led by Insight Partners and Canapi Ventures with participation from Sequoia, Accel and Gaingels. Co-founder and CEO Kyle Mack said that the ne