Fintech

The late Harvard Business School professor Clayton Christensen found that in many sectors, low-end disruptors typically take hold at the bottom of the market and then work up to satisfy more demanding market segments. That very phenomenon is happening in the investment management industry. The indu

Fintech startup LiveFlow has raised a $3.5 million seed round, led by Moonfire Ventures with backing from Y Combinator, Seedcamp and WndrCo. Also participating was Victor Jacobsson, co-founder of Klarna; Bradley Horowitz, former VP Product at Google; Oliver Jung, former VP International Expansion a

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off the global financial grid, can be helped. The World Bank estimates that some $589 billion will be se

The race to deploy 5G infrastructure has unlocked a new use for the rooftops of restaurants, hotels, residential buildings, and even hospitals and churches. These rooftops are quickly becoming prime real estate targets for telecommunication leaders eager to establish 5G technology in highly populat

A digital mobile overdraft facility christened Fuliza by Kenya's biggest telco Safaricom Plc is giving the country's popular loan apps a run for their money barely three years after its launch. Fuliza allows Safaricom customers to access unsecured credit by overdrawing on M-Pesa — the

Most people have experienced the internet only through Web 2.0: online applications, the social web and software as a service form the fabric of our lives. But even as other technology rapidly evolves, basic web infrastructure has remained largely unchanged since the turn of the millennium. Lately,

Meet Topi, a Berlin-based startup that raised a $4.5 million pre-seed funding round co-led by Index Ventures and Creandum. The company is working on a payment solution that is both fast and capital-efficient for businesses. On the B2C front, consumer payments have evolved at a rapid pace over the l

Corporate spend and cash management company Rho today announced that it has raised a $75 million Series B funding round led by Dragoneer Investment Group. Participants included existing investors Inspired Capital, M13 and Torch Capital, as well as new investors such as DFJ Growth. This adds up to a

Peer-to-peer trading, face to face, eye to eye — it’s the way deals had been done for millennia, before distance and lack of trust forced us to use go-betweens such as banks and brokers to transact. Now decentralized finance (DeFi) has taken us back to an over-collateralized future. We can

The world's largest card company just doubled down on its bid to capture the crypto market. Visa announced today that it has launched a crypto advisory practice for its clients and partners under its Visa Consulting and Analytics (VCA) arm. The news comes just a few months after Cuy Sheffield,

Better.com CEO Vishal Garg apparently realizes he's done wrong. (As if the barrage of negative publicity wasn't enough evidence of that.) Today, a letter to current employees was leaked on Blind by a verified Better employee. In the letter, Garg apologized for the way he (m

MAJORITY, a mobile banking service for migrants to the United States, said on Tuesday it had raised $27 million in its Series A funding round led by Valar Ventures. Other existing investors, including Avid Ventures, Heartcore Capital and a group of Nordic fintech founders, also participated in the

A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab is planning to launch a digital bank to capture the country’s enormous unbanked population in

Facebook Messenger announced today that it’s starting to test out a new “Split Payments” feature that introduces a way for users to share the cost of bills and expenses through the app. The company says the new feature is a “free and fast” way to handle finances throug