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Open banking fintech Yapily raises $13M Series A

“Yapily , one of a number of fintech startups that offer an opening banking API to let enterprises, such as financial service providers and merchants, connect to banks, has raised $13 million in Series A funding. Leading the round is Lakestar, which is also a backer of fintech unicorn Revolut. Existing investors HV Holtzbrinck Ventures, […]
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Providers

Microsoft Announces Money in Excel Powered by Plaid

“One of the earliest forms of “fintech” is a budgeting spreadsheet. For years, people have relied on Microsoft Excel to budget and track expenses for their personal finances or businesses, typically copying data over from multiple sources. Money in Excel features a Plaid integration and the new capabilities essentially turn the spreadsheet software into a […]
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Deals

HMBradley Officially Launches Digital Bank

“HMBradley, a startup backed by PayPal Co-Founder Max Levchin, has officially launched its high yield digital banking platform after raising $3.5 million in November and signing thousands of applicants to a wait list.  The digital banking service, which offers up to 3% APY, is now allowing waitlisted customers to officially open their bank accounts and […]
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Deals

Visa backs open banking and compliance platform Railsbank

“Railsbank , the open banking and compliance platform, has picked up further investment, following the company’s $10 million Series A in September 2019. This time backing comes from Visa — a strategic investment, if you will — along with Global Brain, a venture capital firm based in Tokyo, Japan. The exact amount isn’t being disclosed, […]
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Providers

Kabbage Finds a Way to Support Emergency Loan Program

“Kabbage, an online lender that recently stopped lending after being routed by economic fallout from the coronavirus pandemic, has started accepting applications for the Paycheck Protection Program. The company’s leaders hope that by helping to distribute the program’s funds they will help small businesses bounce back and rehire workers who were furloughed.”
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Deals

Japanese payment service provider Paidy raises $43M from ITOCHU

“Paidy , a Japanese fintech startup that allows customers to make online purchases without credit cards, announced today that it has raised a $48 million Series C extension from ITOCHU.  The latest funding will be used to strengthen Paidy’s balance sheet during the COVID-19 pandemic and also support the development of more ‘buy now pay […]