Payments News

On The Web

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Deals

Spendesk Raises $38.4 Million for Its Corporate Card and Expense Service

“Spendesk is an all-in-one corporate expense and spend management service. It lets you track expenses across your company, empower your employees with a clear approval process and simplify your bookkeeping. The service essentially works like Revolut or N26, but for corporate needs. After you sign up, you get your own Spendesk account with an IBAN. […]
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Providers

Flux, the Digital Receipts and Rewards Platform, Adds Support for Online Takeout Marketplace Just Eat

“Flux , the London fintech that offers a platform for banks and merchants to power digital receipts and rewards, has unveiled its first partnership with an online-only merchant. The London-based company has managed to sign up Just Eat, the online marketplace for takeout food and delivery. As of today, Just Eat’s U.K. customers will be […]
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Deals

Fintech Startup Tally Raises $50 Million to Automate People’s Finances

“Tally, a San Francisco-based financial technology startup, has raised $50 million in new venture capital funding. Founded in 2015, Tally aims to automate the financial services of consumers at low cost. The company’s first product, released last year, offered an automatic credit card debt payment service. In March, the firm added an automatic savings account […]
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Providers

No Banking Charter? No Problem. Fintechs Team Up With Small-Town Banks

“Partnerships between high-flying tech companies and traditional banks, many of them tiny by comparison, are a key force behind the financial technology boom. Because virtually no tech companies have the license required to perform banking services, many of them partner with existing banks to offer a suite of services including checking accounts, credit cards and the back-end […]
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Providers

Visa Aims To Be An Ally To Fintechs

“With the digital payments market taking off around the globe, Visa wants to make sure it’s the partner financial technology startups turn too.  To meet that end its launching Visa Partner, a portal that provides fintechs with what it says is “unprecedented” access to its technologies and networks.”
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Providers

Robinhood Revives Checking With New Debit Card & 2% Interest

“This time it actually has insurance. Zero-fee stock-trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. The waitlist opens today in the U.S. with the first users to be admitted […]
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Deals

Snapdocs Raises $25 Million to Streamline Mortgages With AI

“In a nutshell, Snapdoc’s toolset aims to cut down on manual mortgage processes by digitizing wherever possible. It automates scheduling for signings and manages payments to the tune of over $4 million per month, all while centralizing key information like order history, signer, and notary documents in a single portal. Signing agents can create white-labeled […]
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Providers

Brex Wants to Replace Startup Bank Accounts With Brex Cash

“Brex, a Silicon Valley fintech darling, has lofty plans to battle big banks —and Stripe. Code-named “Gemini,” Brex today announced a new product designed to replace and improve the functionality of traditional bank accounts. Brex Cash , as it will be known publicly, is a business cash management account integrated with the Brex Card, a corporate […]
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On The Wires

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Deals

SecurCapital Acquires Breakout Capital Finance’s Lending Business

“SecurCapital Corp, an expanding supply chain and financial services provider headquartered in California, today announced the acquisition of the lending business of Breakout Capital Finance, a leading fintech company and nationwide small business lender. SecurCapital is also providing additional equity capital to drive growth in Breakout Capital Finance’s two primary lending products: its highly regarded and […]