Payments News

On The Web

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Deals

First Boulevard Raises $5M for Its Digital Bank Aimed at Black America

“The murder of George Floyd last May ignited many things in the United States last year — one of which that was perhaps unexpected: a rise in the number of digital banks targeting the Black community. Some members of the Black community took their belief that big banks are not meeting their needs and turned […]
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Providers

Fintech Inspired by Black Lives Matter Targets Underbanked

“Paybby, a new challenger bank whose founder was inspired by the Black Lives Matter protests last summer, is teaming with banks and others to make loans to minority-owned businesses and develop consumer and commercial financial products that meet the distinct needs of underserved communities. To get Paybby (which stands for “pay Black brown and you” […]
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Deals

Fintech Darling Nubank Raises Blockbuster $400M Series G at $25B Valuation

“While the pandemic has left some startups strapped for cash, the aptly-named Brazilian neobank Nubank is swimming in it. This morning, the company announced that it has raised a $400 million Series G round, putting their total funding to date at $1.2 billion. But even more remarkable, in addition to their new $25 billion valuation […]
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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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On The Wires

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