Fintech

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Venture capital bets from institutional investors in this class of fintechs is massive, and in the latest development from Africa, it seems individual investors’ ap

Amazon appears to have rowed back from a public threat to end support for Visa payments in the UK in a dispute over payment fees. The ecommerce giant sent an email to users of Amazon.co.uk today informing them that the “expected change” — which was due to take place on January 19

Barcelona-based Payflow, a YC-backed salary-advance fintech with ambitions to evolve into a neobank, has banked a $9.1 million Series A funding round — bringing its total raised since January 2020, when the business was founded, to $13.6M. Investors in the round include a mix of national and

As competition amid digital banks heats up, U.S. fintech Current is rolling out a new product designed to make its banking service more appealing. The company announced this morning it’s launching a new high-yield offering called “Interest” that allows any Current account holder t

Embedded finance continues to be the engine driving the growth of fintech, with one group of companies building core banking, payments and other financial technology, and a much bigger group tapping that technology through APIs to build customer-facing businesses. Today, one of the bigger players o

Payments company Checkout.com isn't just a unicorn — it has closed a $1 billion Series D funding round. Following today's round, the company is now valued at $40 billion. That's a stark increase compared to last year's valuation. With its Series C round, the company raised $450 mi

Twig, a London-based fintech targeting Gen Z and younger mlennial consumers with an e-money account that gives them instant cash-outs on fashion and electronics they want to sell, has closed a $35 mlion Series A round of funding. The investment is led by U.K.-based fintech specialist, Fasanara Capi

Shares of Paytm closed Monday at ?1,157 ($15.6), the lowest since its market debut in November following the nation’s biggest-ever initial offering, after a key brokerage house further cut its price on the payments stock. The stock, which opened Monday at ?1,226, dropped 6% at 3:30 p.m. I

From turkeys to gasoline, clothes to dollar stores, nearly every avenue of human activity has been hit by the specter of inflation. Across the globe, rising inflation rates are disrupting purchasing plans and spending. In the face of this inflationary inferno, consumers and institutions holding dev

Much of Chinese society has come to depend on so-called super apps like WeChat to do multiple tasks, from making a medical appointment to hailing a taxi to getting a loan, all on one platform. But such one-stop shops have not taken off in the United States. Now, the time may finally be ripe —

Months after the surprise departure of Mirror founder Brynn Putnam, Lululemon today announced that it has named former Twitch Chief Content Officer Mike Aragon to run the connected fitness brand. Effective January 17, Aragon will be stepping into the CEO role for both Mirror and Lululemon's Dig

The Mozilla Foundation is pausing the ability to accept donations in cryptocurrencies following a backlash from scores of people, including a founder of the Mozilla Project. The foundation, which oversees the development of the Firefox browser, on Thursday acknowledged conversations around the envi

Rupifi has raised $25 million in a new financing round as the Indian startup, which currently provides buy now, pay later service to several marketplaces to serve their merchants, looks to expand its business-to-business payments offerings. Tiger Global and Bessemer Venture Partners co-led the two-

Alternative investments are having a moment. Their popularity has surged over the last decade, with the asset class growing from just over $3 trillion in 2008 to more than $10 trillion in 2019, according to data provider Preqin.  Institutions have fueled a large part of this growth, investing at r