Although hundreds of millions of Indians have bank accounts, only about 30 million of them have credit cards. The acceptance rate of the plastic card has largely stagnated in the South Asian nation in recent years. The relatively young credit rating system in India only covers a tiny fraction of the country’s population. And banks … Read more
Clockwise from top left: Henny Damian, Co-Founder and CEO of Joola; Stacie Whisonant, co-founder of PYT Funds; Will Rush, Co-Founder and CEO of Stack; and Luke Moberly, Bumper CEO. Four Seattle startups have won a spot in a financial technology incubator run by banking firm BECU and CoMotion, the University of Washington’s innovation arm. The … Read more
Großbritannien wird immer beliebter als ein großartiger Ort, um ein Technologieunternehmen zu gründen. Das Land holt China bei den Technologieinvestitionen schnell ein, wobei die VC-Investitionen laut TechNation im Jahr 2020 einen Rekord von 15 Milliarden US-Dollar erreichten. Ungeachtet einer globalen Gesundheitskrise blieb London ein Liebling der Anleger. Britische Städte machten ein Fünftel der Top 20 … Read more
Jai Kisan, an Indian startup trying to bring financial services to rural India, where commercial banks have single-digit penetration, said Monday it had raised $ 30 million in a new round of funding to help scale its business. Hundreds of millions of people in India now live in rural areas. Most of them have no … Read more
Subscribe here for a recap of TechCrunch’s Biggest, Most Important Stories, delivered to your inbox every day at 3:00 p.m. PDT. Thanks to everyone who wrote about the format changes to the newsletter this week! The feedback is largely divided into two subject areas: some people like the more narrative format, and some people really … Read more
Nigeria stays one largely Cash dominated country. There are over 100 million adult Nigerians of whom More than half have little or no access to financial services. Today, Bankly, a Nigerian fintech startup that digitizes cash for non-banks, announced that it has completed a $ 2 million startup round. Founded in 2018 by Tomilola Adejana … Read more
Sure had a secret. And a “secret weapon”. The Seattle-area fintech startup recently announced that TV personality and bestselling author Suze Orman is one of the company’s co-founders. A spin-off of Pioneer Square Labs, Secure helps employers offer employees a financial wellness benefit in the form of an Emergency Savings Account (ESA) on top of … Read more
Known for its innovations in payments, Square is now officially a bank. Almost a year after receiving conditional approvalSquare said Monday afternoon that its industrial bank has Square Financial Services put into operation. Square Financial Services has completed the charter approval process with the FDIC and the Utah Department of the Treasury, which means the … Read more