ZayZoon, a fintech firm that got its start charging employees $5 to get paid sooner, has raised $34.5 million in a Series B round co-led by Framework, EDC with participation from ATB Financial. CEO Dary Tuer says that the funds, which bring ZayZoon’s total raised to $75 million, will be...
By Soumaya Hamzaoui, Co-Founder and COO of RedCloud The face of global commerce has changed beyond recognition over the last decade. While large online retailers like Amazon and Facebook have profited from the switch to digital trading, they have also squeezed their smaller competitors in emerging markets and developing economies...
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. This week, we take a look at one startup layoff, another offering an employee ownership buyout option, and much more. If you want to receive The Interchange directly in your...
By Richard McCall, the CEO of Armalytix. In the face of the current cost of living crisis, consumers find themselves grappling with economic challenges unseen since the 2008 financial crisis. One difference from that time is the significant transformation of the personal finance landscape. That is due largely to advancements in...
Arturo Villanueva spent over four years on Stripe’s financial partnerships team, where he led partnerships with Visa, Mastercard, American Express, and regional banks across Latin America, struck strategic deals with JPMorgan Chase, Wells-Fargo, and Bank of America in the U.S., and the underlying infrastructure partners for the fintech giant’s...
CertifID, a startup developing fraud prevention tech for the real estate market, today announced that it raised $20 million in a funding round led by Arthur Ventures at “over double” its previous valuation. CertifID primarily develops products to fight wire fraud. The startup’s co-founder, Thomas Cronkright, launched the company in...
Legacy organizations can modernise by adopting digital technologies while maintaining their traditional corporate governance. Incorporating digital solutions like cloud services and data analytics allows these firms to stay competitive without losing their corporate identity. By balancing innovation with established protocols, legacy organizations can be both digital-forward and corporate in...
Welcome back to the Interchange! While we would love for all startups to succeed, the reality is that the vast majority fail. It’s not something that people often talk about, because quite frankly, it can be a downer topic. But failure is a part of life, and many founders who don’t...
Michael Sindicich Contributor Michael Sindicich is the EVP and general manager of expense at Navan, an all-in-one travel and expense management solution. The 2008 Global Financial Crisis was easily the most destructive economic crisis since the Great Depression. And yet, it’s not without a touch of irony that without it, we wouldn’t...
Fintech giant Square says its services are coming back online after a day-long outage left small business owners unable to process payments. The Block-owned company had, up until Friday morning on the U.S. west coast, been battling a prolonged outage that had downed its services since Thursday afternoon. In a new...