After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is pending bankruptcy court approval. Founded in 2017, Mountain View-based TabaPay is an instant money movement platform that Softbank backed in a...
Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kuruvilla didn’t have much to say about the change but did confirm it both on LinkedIn and X,...
Stripe’s annual letter provides the outline of a business that is healthy and growing. Stripe is sufficiently large that when we consider its growth we have to weigh it against the overall growth in the payment space more generally. By that measure, the company is outperforming its market. Major growth...
A couple of years ago, payments orchestration was a foreign term to many large companies Juan Pablo Ortega would speak to. Today, the Yuno co-founder and CEO doesn’t have to do as much explaining. “The perception has changed dramatically,” Ortega told TechCrunch. “Many large companies are now well aware of...
SUMA Wealth now has $2.2 million in new capital to continue developing financial tools, content and live and digital activations for young U.S. Latinos to build wealth. Radicle Impact led the investment with participation from Vamos Ventures, OVO fund and American Heart Association Impact fund. They join investors from previous...
Apps like Robinhood made investing in stocks easier, and Finvest wants to do the same thing for investing in U.S. Treasury Bills. Shivam Bharuka, co-founder and CEO of Get Moving, started working on Finvest in 2023. With interest rates at such high levels, Bharuka wanted to take advantage of the...
Digital Onboarding, a SaaS company specializing in helping financial institutions strengthen relationships with customers, secured $58 million in growth capital from Volition Capital to continue developing its digital engagement platform. Ted Brown and Jonathan Crossman co-founded the company in 2015 under the name SalesBrief and focused on the B2B sales...
Commingling finances can be a scary endeavor for people who have decided to share their lives with each other. With people marrying later in life, this often means moving in with someone before any nuptials take place — if they ever do. This was the dilemma Michelle Winterfield experienced when...
While working at fintech lending platform Stilt, Jessica Zhang and Alex Hegevall Clarke saw how expensive and time-consuming it was for the credit industry to outfit their in-house tech stacks in order to adhere to stringent federal and state regulations. So they decided to build something that would be...
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