Consumer/Personal Finance Archives - FinTech Futures

Consumer/Personal Finance

Welcome Tech raises $35m in Series B funding round

The money will go towards expanding Welcome Tech’s portfolio of financial services.

Hospitality payment app Sunday raises record €20m seed round for Europe

The start-up claims to cut the costs for operators to 0.5% per transaction.

UK challenger Starling lands £50m investment from Goldman Sachs

Starling now claiming to hold a 6% share of the UK SME banking market.

Robinhood calls Massachusetts regulator “elitist” for trying to revoke its licence

“The complaint reflects the old way of thinking,” says Robinhood.

Video: Top fintech stories this week – 16 April 2021

To stories from across the fintech world, featuring Coinbase, Pine Labs, Ozon and more.

Better.com’s CPO accused of bullying days after $500m SoftBank investment

The CPO joined Better in 2017 from Goldman Sachs.

Pine Labs acquires digital payments start-up Fave in $45m deal

Indian payments firm snaps up Fave to introduce the latter to India.

Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut

Shares closed below $330, up a lesser 32%.

LA fintech Ensemble is helping divorced parents navigate their kids’ finances

App features range from organising one-off expenses, to saving for college tuition.

Cuba’s only telco ETECSA granted payment provider licence

The firm can now convert customers’ balances into electronic money.

TSB taps ApTap to help customers manage bills

Deal follows trial period featuring 10,000 TSB customers, who saved an average of £150 a year using the service.

Fair CMO Toni Harrison: Oppressors can’t be the underbanked’s saviours

Instead of shrinking, the racial wealth gap has only continued to swell and expand.

Finder snaps up shuttered Singapore fintech GoBear

COVID-19 took a toll on GoBear’s capital reserves and certain financial products.

Dutch personal finance app Paynote goes live with beta

Unlike its rivals, Paynote launches without bank support.

Moneycorp continues exec shake-up with new ex-Vocalink vice chairman

Yates previously headed up Vocalink, the fintech Mastercard bought in 2017.

German challenger pockid targeting Gen Z launches this month

Users can either sign up to Neo Beginner, or Neo Pro.

France’s central bank warns fintech industry of rules when using term “neobank”

The industry has long called out the interchangeable use of the word “neobank”.

Acorns bags second acquisition of 2021 with AI start-up Pillar

Pillar helps students manage loan debt.

Swiss neobank Alpian lands $18m Series B ahead of 2021 launch

The raise comes less than a year after its Series A.

UK fintech TrueLayer lands $70m Series D led by NY investor Addition

TrueLayer claims payment volumes have grown by 600 times in the last 12 months.

Plaid announces $425m Series D with three new investors

“Mobile banking is no longer the realm of start-ups”.

Two UK towns to open all-in-one Banking Hubs pilot stores

The towns are two of nine across the UK to get one.

UK energy provider Octopus launches Moneycoach

It intends to invest £10 million into Moneycoach to scale the offering.

Airtel Africa sells 25% stake in mobile money arm to Mastercard for $100m

Airtel Africa hopes to list the mobile money business as a separate entity.

Clubhouse introduces tipping for content creators with Stripe

The one-year-old start-up has raised around $100 million to date.

WhatsApp Pay finally gets greenlight from Brazil’s central bank

WhatsApp is only allowed to do P2P payments in Brazil.

FTC shutters San Fran fintech Beam for not delivering on 7% interest rate

“Don’t lie about your customers’ ability to get their money when they need it.”

Video: Top fintech stories this week – 02 April 2021

FinTech Futures’ weekly news round-up.

ICYMI funding round-up: Butter, Spiral, SadaPay, OVEX, Ensemble & more

We’ve put together an “In Case You Missed It” (ICYMI) funding list.

Global fintech M&A round-up Q1 2021

Whilst some big deals never closed in Q1, plenty others took their place.

Santander launches Prosper open banking-powered PFM app

Roll-out of Prosper has already started in Denmark.

Ripple snaps up 40% stake in Asian cross-border payments firm Tranglo

Tranglo’s global network spans more than 100 countries.

Box: Insurance isn’t just about premium rates, it’s about the entire user experience process

Vaneet Grewal, Box’s financial services managing director, talks to FinTech Futures.

Digital challenger Minna Bank to launch in Japan by May

Minna will offer both consumer-facing and white labelled products.

Spac led by ex-Commerzbank CEO trading on Amsterdam’s Euronext

The blank-check firm has already sold 41.5 million shares at €10 each.

Major US banks invest $40m in Black-owned challenger Greenwood

Backers include JP Morgan Chase, Citi, and Bank of America.

Challenger Oyster Financial launches credit offering for Mexico’s SMEs

Instant credit will range from $500 to $1,500.

Indian fintech lender KreditBee boosts record Series C with extra $70m

KreditBee’s fresh funding also saw the exit of Finnov’s Chinese investors.

Revolut applies for US banking licence days after Canada exit

Revolut’s US operations are led by banking veteran Ron Oliviera.

Freetrade raising £50m Series B for European expansion

Customers have been waiting years for European expansion.

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