Fintech

Down in the Caribbean, under the palm trees and hot April sun, about 2,000 individuals gathered last week for the Crypto Bahamas event co-hosted by crypto exchange FTX and investor forum SALT. Goodie bags containing everything from sunscreen and sunglasses to T-shirts and boat hats were handed out

Fintech companies and other entities have moved the needle for consumer payments in Latin America, particularly during the global pandemic, prompting consumers to be more comfortable with digital payments. Chile-based Xepelin aims to do the same with business-to-business payments via a SaaS payment

India has 100 unicorns now. The Bengaluru-headquartered neobank Open entered the coveted club on Monday with a new funding round, it said. The five-year-old startup did not disclose the size of its Series D funding, but a source familiar with the matter said it’s $50 million. The new round, w

Just over a year ago, UiPath was among the most favored startups in the world. Last February the company raised a massive $750 million round at a staggering $35 billion valuation. The robotic process automation, or RPA company, was firing on all cylinders. By the time that UiPath went public in Apr

Welcome to the inaugural edition of The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you're reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I'll take a look at the hottest

If you own a home, Sealed has a heat pump to sell you. The Manhattan-based startup, which helps homeowners replace their oil- and gas-gulping heating systems via an unusual financing model, has secured an additional $29.5 million in a new deal led by property-tech investor Fifth Wall. Other investo

Credit card rewards often play a significant role in attracting users to a particular card over its peers. But for young fintech companies newer to card issuance, setting up an attractive rewards program from scratch can be onerous, requiring the issuer to negotiate with individual retail partners

Twitter will soon be off the market and run as a private company if an acquisitive tech mogul by the name of Elon Musk has his way. But in the meantime, it remains publicly traded, and today the social media platform posted a truncated Q1 earnings statement, providing a degree of transparency into

Ben Franklin once famously said that in this world nothing can be said to be certain, except death and taxes. But that doesn’t make dealing with either particularly natural and easy. Tech is rushing in to fill that gap, and today a Berlin-based startup called Taxfix, which has built a popular

Sumutasu, a Tokyo-based proptech startup that offers a direct online real estate purchase service, has secured $8.2 million in equity and $1.6 million in debt. The company has raised a total of $16 million since its 2018 inception.   Takahiro Sumi (CEO) and Tomoya Ito (COO) co-founded Sumutasu fou

PayPal is shuttering its San Francisco office as it evaluates its global office footprint. Multiple sources say the payments giant is closing its San Francisco office on 425 Market St. which housed its Xoom business unit. PayPal acquired Xoom, which is focused on online money transfer technology an

Robinhood CEO Vlad Tenev announced Tuesday that it was laying off 9% of its full-time employees. Earlier this year, Reuters reported that Robinhood had 3,400 employees, and though that did not specify full-time versus contract, it looks like this cut may affect some 300 people according to TechCrun

Zenda, a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. Zenda (formerly nexopay) told technewss it plans to enter the continent through Egypt — its third market af

Back in October 2021, Stripe announced that it would be re-entering the cryptocurrency market — ending a four-year hiatus with hype around crypto definitely not abating. Today, some six months later, it’s rolling out a new service — initially with one partner, Twitter — to g