Payments News

On The Web

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Deals

Brex brings on $150M in new cash in case of an ‘extended recession’

“Fast-growing fintech behemoth Brex is raising big money as its customer base itself — high-growth and spendy startups — is struggling. The company, which sells a credit card tailored for startups, today announced that it has raised $150 million in a Series C extension from a group of existing investors, including DST Global and Lone […]

On The Wires

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Providers

Introducing Plaid Exchange

“Today, Plaid is launching Plaid Exchange to accelerate consumer-permissioned data access strategies for financial institutions. As fintech adoption has grown, so have the needs of financial institutions that must now manage unprecedented customer connections across thousands of fintech apps. Plaid Exchange gives financial institutions, from banks to wealth management firms, an open finance platform that […]
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Providers

Introducing Samsung Money by SoFi: Do More With Your Money

“Samsung Electronics America, Inc., today unveiled Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay, in partnership with innovative fintech company SoFi. The account is secure, with no account fees and rewards users for saving—earning higher […]
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Providers

Oxygen Launches Digital Banking Platform for Freelancers and Small Businesses, Joins Visa’s Fast Track Program

“Oxygen today announced the launch of a new digital banking solution specifically designed to meet the unique needs of freelancers and digital natives. Oxygen has built a platform from the ground up to provide flexible banking solutions to the millions of U.S. professionals who thrive on multiple income streams, contract work and freelance gigs. In […]
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Deals

Modern Card Issuing Leader Marqeta Valued at $4.3B in Latest Round

“Marqeta, the global modern card issuing platform, announced today that it has raised an additional $150 million in new capital from a leading institutional investor, valuing the company at $4.3 billion. This latest financing comes on the heels of Marqeta’s previously announced $260 million equity financing in May 2019, which was led by Coatue and […]
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Providers

Superintendent Lacewell Announces the Launch of New DFS Program to Drive Innovative Financial Services and Products For New Yorkers In The Covid-19 Era

“Superintendent of Financial Services Linda A. Lacewell today announced the New York State Department of Financial Services (DFS) has launched DFS FastForward , a new program  to support innovators seeking to deliver new solutions in financial services, Fintech, InsurTech, and HealthTech for New Yorkers in the COVID-19 era.  “As New York begins re-opening, new cutting-edge and innovative solutions will be needed to adapt the New York marketplace to a […]
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Global

Klarna and Raisin Launch Cooperation on Deposits

“Klarna, a global leader in payments and online shopping, has launched a cooperation in Germany with the deposits marketplace Raisin. By partnering with the Berlin-based fintech Klarna is further expanding into the German savings market. In a first for Klarna, and available exclusively to Raisin’s customers in Germany ( https://www.WeltSparen.de ), the new products include […]
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Global

Rapyd Launches All-In-One Integrated Payment Solution in the United Kingdom

“Rapyd, a global Fintech as a Service company, today announced the launch of a single, “full-stack,” payment solution in the United Kingdom allowing businesses locally and globally to access every major local payment method — such as cash, bank transfers, ewallets, and cards — through one easy to integrate connection. In partnership with several major payment partners […]
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