Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]
Google is requiring loan apps in Kenya to submit proof of license to operate in the country by its apex bank, failure to which they risk removal from Play Store, its digital distribution service. Those that have applied for licensing, and can produce evidence of the same, may also be spared. Google’s action has, however, […]
A day after a bill that would codify same-sex marriage in the U.S. cleared a key hurdle in the Senate, Daylight, a digital bank that pitches itself as LGBTQIA+-friendly, closed a $15 million Series A round led by Anthemis Group with participation from CMFG Ventures, Kapor Capital, Citi Ventures and Gaingels. Daylight Co-founder and CEO […]
GoTo Group is cutting 1,300 jobs, or 12% of its workforce, it informed staff early Friday, as Indonesia’s largest internet company attempts to trim costs and improve finances. “Achieving financial independence more quickly has a profound cost for us, because when we take a hard look at how we fundamentally need to change (business focus […]
Plaid today announced that it has named Meta veteran John Anderson to serve as its new head of payments. The fintech startup has slowly been evolving its offerings beyond its core product of account linking. Earlier this year, it moved into identity and income verification. Payments feels like a natural evolution of its business. In […]
With new information coming to light about the FTX saga every day, it’s certainly an interesting time for cryptocurrency. Just ask our ZebethMedia colleagues at TC Sessions: Crypto today. As we figure out if any of this has damaged trust in the industry and funding for startups, adoption of crypto in Latin America continues to […]
Squeezed by the recessionary COVID-19-era economy and the rising prices of everyday goods, some consumers are increasingly turning to lines of credit to make ends meet. According to a September 2021 survey from Bankrate.com, 42% of U.S. adults with credit card debt increased their balances since the pandemic began in March 2020. A more recent […]
French startup Virgil has raised a $15.6 million funding round (€15 million). The company invests in apartments alongside home buyers before they even get the keys for their new home. This way, future homeowners can buy a bigger place in exchange for an equity stake in their apartment. Home equity is a much more fluid […]
Fiat Ventures general partners Drew Glover and Alex Harris, along with managing partner Marcos Fernandez, are out to find and invest in fintech’s next generation of startups, and are leveraging their unconventional backgrounds to find equally unconventional founders. The early-stage VC firm started in 2021 is now armed with $25 million in capital commitments to […]
Stock-trading apps have multiplied over the past couple of years, targeting varying demographics and audiences that they feel need to partake in investment activities to live healthier financial lives. In the latest development, baraka, a two-year-old commission-free investment platform based in the Middle East, is announcing that it has closed a $20 million Series A […]
