fintech News of 01/16/21

Revolut Lets Businesses Accept Online Payments

Fintech startup Revolut is launching its own acquiring solution . With this move, the company is competing directly with Stripe, Adyen, Braintree or Checkout.com. This is an in-house product and not just a fresh coat of paint on an existing ...

Revolut Launches Early Salary Feature In The UK And Web App

Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut has partnered with Modulr to let you receive your salary a day ...

Longtime Investor And Operator Adam Nash Says He Just Launched A New Fintech Startup

Adam Nash, a Silicon Valley-born-and-bred operator and investor, is back at it again. Today, on his personal blog , he announced that he has started a consumer fintech company that has already garnered initial funding from Ribbit Capital, along ...

Nordigen Introduces Free European Open Banking API

Latvian fintech startup Nordigen is switching to a freemium model thanks to a free open banking API. Open banking was supposed to democratize access to banking information, but the company believes banking aggregation APIs from Tink or Plaid are ...

n26 Launches Mid-Tier Subscription Plan For €4.90 Per Month

Challenger bank N26 is adding a third subscription product called N26 Smart. N26 Smart is designed to be a mid-tier subscription plan with advanced banking features but without a travel insurance package. In Europe, in addition to the free ...

Affirm Files To Go Public

Affirm , a consumer finance business founded by PayPal mafia member Max Levchin, filed to go public this afternoon. The company’s financial results show that Affirm, which doles out personalized loans on an installment basis to consumers at ...

What China’S Fintech Market Can Teach The World

If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital ...

Fintech VC Keeps Getting Later, Larger And More Expensive

The venture capital market appears to be getting later, larger and more expensive. As a result, fintech — one of its hottest and most-funded sectors — is evolving in a similar manner. For late-stage fintech companies, it’s great news. But ...

Are Subscription Services The Future Of Fintech?

Joshira Maduro Contributor Joshira Maduro joined the LendingTree team in April 2020 and uses her background in market research and branding to write about credit card news and better ways to spend. Subscription services are on ...

PayPal Says All Users In US Can Now Buy, Hold And Sell Cryptocurrencies

PayPal announced today it’s dropping the waitlist to buy, hold and sell cryptocurrency in the U.S. With the move, all customers in the U.S. will be able to purchase cryptocurrency directly from within their PayPal accounts. U.S. customers ...

What Happens To High-Flying Startups If The Pandemic Trade Flips?

So much can change in a day. This morning, news that a trial COVID-19 vaccine candidate had an effective rate of more than 90% shook the financial world . The Pfizer vaccine is reportedl;y so effective, the company “will have manufactured ...

Inside Fintech Startup Upstart’S IPO Filing

While the world awaits the Airbnb IPO filing that could come as early as next week, Upstart dropped its own S-1 filing . The fintech startup facilitates loans between consumers and partner banks, an operation that attracted around $144 million in ...

Vivid Money Raises $17.6 Million For Its European Challenger Bank

German fintech startup Vivid Money has raised a $17.6 million Series A funding round (€15 million). Ribbit Capital is leading the investment. Today’s funding round gives Vivid Money a valuation of $117 million (€100 million). Vivid Money is ...

China Postpones Ant’S Colossal IPO After Closed-Door Talk With Jack Ma

The Shanghai and Hong Kong stock exchanges announced postponing Ant Group’s colossal initial public offering, a day after Chinese regulators weighed a slew of new fintech rules and summoned Jack Ma and other top executives to a closed-door ...

Financial Institutions Can Support COVID-19 Crowdfunding Campaigns

Scott Purcell Contributor Share on Twitter Scott Purcell is the CEO and Chief Trust Officer of Prime Trust, an innovative API-enabled B2B open-banking financial solutions provider. The economic ...

10 Zurich-Area Investors On Switzerland’S 2020 Startup Outlook

European entrepreneurs who want to launch startups could do worse than Switzerland. In a report analyzing Europe’s general economic health, cost of doing business, business environment and labor force quality, analysts looked for highly ...

Alpaca Raises $10m Series A For Its API-Powered Equities Trading Service

This morning Alpaca , a startup that helps other companies add commission-free equities trading to their own products, announced a $10 million Series A. The new capital event was led by Portag3 , and included prior investors Social Leverage , ...

Spendesk Raises Another $18 Million For Its Corporate Card And Expense Service

French startup Spendesk has added $18 million to its Series B round. The company already raised $38.4 million as part of its Series B last year, which means that it raised $56.4 million as part of this round. Eight Roads Ventures is investing in ...

Revolut Lets You Track Your Subscriptions, Adds Savings Bonus In The US

Fintech startup Revolut has rolled out a handful of additional features over the past few days. The financial app lets you track all your subscriptions that you pay with your Revolut account or your card. In the U.S., Revolut is adding a ...

Lydia Partners With Tink To Improve Open Banking Features

French fintech startup Lydia is going to work with financial API startup Tink for its open banking features in its app. Lydia started as a peer-to-peer payment app and now has 4 million users in Europe. Lydia’s vision has evolved to ...