Stash, an investing app, is taking advantage of a tool that’s been around for some time – a convertible note. The company told TechCrunch exclusively that it just raised $40 million through one of these mechanisms, led by early and existing backer T. Rowe Price. It’s an interesting wrinkle for...
Tradeshift, a late-stage fintech startup that has raised over $1 billion in venture and debt, has dismissed its co-founder Christian Lanng, citing “serious allegations of sexual assault and harassment” and “gross misconduct on multiple grounds,” according to a company statement posted on Tuesday. Lanng has vehemently denied the allegations. Tradeshift...
Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose of economic...
The rapid shift from traditional banking systems to more advanced digital platforms marks the revolution in international payments. It is enabling real-time and cost-effective cross-border transactions. This transformation is not only enhancing user experience and financial inclusion. But also reshaping the global financial landscape and how businesses operate internationally....
Carefull, a fintech platform that aims to help banks protect older customers from fraud, scams and “money mistakes,” today announced that it raised $16.5 million in a Series A round led by Fin Capital with participation from TTV Capital, Bessemer Venture Partners, Commerce Ventures, Montage Ventures and Northwestern Mutual. Bringing...
French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today’s news comes just a few months after Amsterdam-based insurtech startup Insify completed its Series A funding round with another €10 million. Orus...
Braid, a four-year-old startup that aimed to make shared wallets more mainstream among consumers, has shut down. Founded in January 2019 by Amanda Peyton and Todd Berman (who left in 2020), San Francisco-based Braid set out to offer friends and family an FDIC-insured, multi-user account that was designed to make...
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! After a bit of a quiet period, things in the world of fintech picked...
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a platform enabling banks and fintech companies to easily develop financial services, has been open about past layoffs. In June, CEO Sankaet Pathak wrote in a...
An international investor recognises fintech as a transformative force in the global financial industry. After all, it is reshaping sectors from banking to insurance with digital innovations. An international investor also emphasises the importance of regulatory compliance in fintech. Differing financial regulations across countries can pose challenges to fintech...