fintech News of 07/03/20

Meet BukuWarung, The Bookkeeping App Built For Indonesia’S 60 Million “Micro-Merchants”

In Indonesia, there are about 60 million “micro-merchants,” typically small store owners who sell food and other staple items, and have close relationships with their customers. Many often extend informal lines of credit to shoppers, but ...

Point Launches New Challenger Bank With Rewards On Debit Card Purchases

Meet Point , a new challenger bank in the U.S. that has been available as a private beta for the past year. Today, the company is launching a major new version of its service and opening its doors to everyone. But you’ll have to get an invite to ...

SociéTé GéNéRale Is Acquiring Freelancer Challenger Bank Shine

Société Générale is acquiring French startup Shine . Terms of the deal are undisclosed. According to a source, Shine is getting acquired for around €100 million in an all-cash deal (around $112.6 million). The startup had previously raised ...

From Napkin Notes To Term Sheets: A Chat With Inspired Capital’S Alexa Von Tobel

The next iteration of fintech is upon us, according to Inspired Capital’s Alexa von Tobel. “Fintech 1.0 was very much, ‘Let’s take what already exists and let’s do it better,’” she said in a recent appearance on ...

Startups Are Poised To Disrupt The $14b Title Insurance Industry

Ashley Paston Contributor Share on Twitter Ashley Paston  is an investor at  Bain Capital Ventures , where she invests primarily in financial technology and services companies.  If you have ...

Personal Capital Sells To Empower Retirement In Deal Worth Up To $1b

Today Personal Capital , a fintech company that had attracted over $265 million in private funding , announced that it is selling itself to Empower Retirement , a company that provides retirement services to other companies. The deal is worth $825 ...

Memo Bank Unveils Its Business Bank, Credit License And $22.5 Million In New Funding

Memo Bank wasn’t always called Memo Bank. It originally started as Margo Bank and it has been flying under the radar for a few years. The French startup is now about to launch publicly and shared more details about what it is building. As the ...

Plaid’S Zach Perret: ‘Every Company Is A Fintech Company’

The fintech revolution is just getting started. At least that’s the impression we got after a conversation with Plaid co-founder Zach Perret . He appeared on Extra Crunch Live last week to talk about his company’s announced ...

Amidst Robinhood’S Planned Service Changes, A Tension Between Growth And Safety

Robinhood’s growth as an ultra low-cost way to invest has shaken up fintech. Fueled by hundreds of millions of external cash, the no-fee trading platform has forced domestic competitors to slash their fees , spawned international ...

Vivid Is A New Challenger Bank Built On Top Of SolarisBank

Meet Vivid , a new challenger bank launching in Germany that promises low fees and an integrated cashback program. The two co-founders Alexander Emeshev and Artem Yamanov previously worked as executives for Russian bank Tinkoff Bank. Vivid ...

Join Us For A Live Q&A With Plaid CEO Zach Perret Today At 10 A.M. PDT/1 P.M. EDT

Later today, TechCrunch’s Extra Crunch Live series is sitting down with Plaid CEO Zach Perret. Extra Crunch members can tune in at 10 am PT/1 pm ET/5 pm GMT. The livestream links and scheduling links are below for your use. Extra Crunch ...

Revolut Expands Bank Account Aggregation To Ireland

Fintech startup Revolut has expanded its open banking feature to Ireland. The feature first launched in the U.K. back in February . Once again, the startup is partnering with TrueLayer to let you add third-party bank accounts to your Revolut ...

Square Acquires European Peer-To-Peer Payment App Verse

Square acquired Verse , a Spanish peer-to-peer payment app that works across Europe. Terms of the deals are undisclosed. According to Crunchbase , Verse had raised $37.6 million from Spark Capital, eVentures and Greycroft Partners and others. ...

Join Us For A Live Q&A With Plaid CEO Zach Perret June 18th At 10 Am PT/1 Pm ET

Extra Crunch Live, TechCrunch’s chat series for Extra Crunch members , is tacking towards founders after bringing on a host of investors: on Thursday, June 18, Plaid CEO Zach Perret will join us for a conversation. Plaid, known for APIs ...

IBanFirst Raises $23.8 Million For Its Borderless Financial Services

French startup iBanFirst has raised a $23.8 million (€21 million) Series C round from Elaia and Bpifrance’s Large Venture fund. Previous investors include Serena, Breega and Xavier Niel. iBanFirst lets you pay suppliers and get paid by ...

Codat Raises $10 Million To Aggregate All Financial Data From Small Businesses

London-based startup Codat has raised a $10 million funding round from Index Ventures. If you’ve ever tried to apply for a loan for your small business or filled out an application for an insurance product, you know it can be a long and painful ...

BlackRock Backs Trustly, Bank Transfer Payments Platform Now Valued At Over $1b

Online payments are often synonymous with card payments, but today a startup that’s built a profitable alternative, based around making and taking payments by way of a bank transfer, is announcing a round of funding amid a surge of growth. ...

Challenger Bank Bnext Revamps Rewards For Purchases In Partner Stores

Spanish startup Bnext is revamping its cashback program so that you can buy from partner stores directly from the Bnext app and get some money back. The company has partnered with Button and the feature is available as an open beta. ...

Apple Card Debuts A $50 Sign-Up Bonus In Partnership With Walgreens

Apple’s rewards-based credit card, Apple Card, is offering its first sign-up bonus in partnership with Walgreens. On Monday, June 1, Apple and Walgreens introduced a new offer that will pay consumers $50 in Daily Cash when they get a new Apple ...

Equity Monday: Tech’S Stance On Change, Two Funding Rounds And Fintech Layoffs

Good morning and welcome back to  TechCrunch’s Equity Monday , a brief jumpstart for your week. A big thanks to start to the whole Equity crew for doing a stellar job last week with the show while I was on vacation, especially to Danny for ...