Payments News

On The Web

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Providers

How a Fintech Exec Who Focuses on Poverty Relief Spends Sundays

“Wemimo Abbey, a financial technology entrepreneur, knows firsthand how hard it is for immigrants to start new lives in new countries with no resources. When his family moved to Minneapolis from Nigeria in 2009, his mother had no choice but to accept a loan with a 400-percent-plus interest rate so she could get the family […]
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Providers

Upgrade Launches Checking Accounts and Debit Cards

“Fintech startup Upgrade has been positioning itself as a neobank. And yet, the company has mostly been focused on personal loans and more recently credit cards. You couldn’t just replace your bank account with Upgrade. Upgrade is adding two important missing pieces of the puzzle with checking accounts and debit cards.”
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Global

Digital Payments Provider i2c Granted Approval by State Bank of Pakistan to Serve As Electronic Money Institution

“i2c, a digital payments and banking technology provider, has revealed that it was selected to develop Pakistan’s TAG, which is described as a “digital-native” financial app. i2c is the latest Fintech firm in the country to be granted approval by the State Bank of Pakistan (SBP), the nation’s central bank, to operate as an Electronic […]

On The Wires

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Providers

Brex Files Application for Industrial Bank Charter | Press | Brex

“Brex, the company reimagining financial systems so growing businesses can realize their full potential, announced today that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Brex Bank, an industrial bank to be located in Draper, Utah. The proposed Brex Bank will […]
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Providers

Wealthfront Speeds Up Money Movement From the Wealthfront Cash Account

“Today, Wealthfront announced that clients who use their Wealthfront Cash Account to invest in a Wealthfront Investment Account can have their money invested in the market within minutes. Wealthfront clients who direct deposit their paycheck into the Wealthfront Cash Account can already get paid up to two days early, and today’s announcement is the next […]
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Deals

MoneyLion, America’s Leading Digital Financial Platform, to Become Publicly Traded Via Merger With Fusion Acquisition Corp. (NYSE: FUSE)

“MoneyLion Inc. (“MoneyLion”), America’s leading digital financial platform, and Fusion Acquisition Corp. (NYSE: FUSE) (“Fusion”) have entered into a definitive agreement which would result in MoneyLion becoming a publicly listed company.  MoneyLion uses the power of technology to empower hard-working Americans to take control of their finances and achieve their life goals.”
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Industry

Events Industry Disruptors Anil D. Aggarwal & Simran Rekhi Aggarwal Launch Digital-First Events Company, Fintech Meetup

“Events industry disruptors, Anil D. Aggarwal and Simran Rekhi Aggarwal, today announced the launch of Fintech Meetup, a digital-first events company for payments, banking and related financial services. Previously, Anil and Simran founded and operated leading conferences across a broad range of sectors, and Anil served as the Chairman and CEO of two venture-backed fintech startups, […]
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Providers

Marqeta Announces Partnership With Goldman Sachs on Marcus Checking Offering

“Marqeta, the global modern card issuing platform, announced today that it has been chosen by Goldman Sachs to partner on its Marcus by Goldman Sachs checking accounts, which will launch in 2021. Marcus’ upcoming digital checking product will be another cornerstone of the company’s growing consumer portfolio of digital-first banking initiatives. In their mission to […]
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Deals

Rapyd Raises $300 Million in Funding to Support Accelerated Growth Within Global Payments Industry

“Rapyd , a global Fintech as a Service company, today announced a $300 million Series D financing round led by Coatue. Several new investors participated in the financing, including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment from current investors General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and […]