Payments News


Money Keeps Flowing to Fintechs

“Fintech funding reached a record high of $11.9 billion in 2018, and startups have continued to attract millions in investments from venture capital firms, private-equity players and banks this year. The online challenger bank Chime announced a $200 million funding round at the beginning of March, the largest ever for a savings and lending fintech. In the U.K., startups received financial support from big investors, including one that is backed by HSBC and Goldman Sachs.”