fintech
Auto Added by WPeMatico
Revolut’s $5.3 million crowdfunding campaign is oversubscribed
Fintech startup Revolut just raised a ton of money. But grabbing $66 million from respected VC firms wasn’t enough (£50 million). For the second time, Revolut asked its user base to invest in the startup. Revolut was looking for $5.3 million on Seedrs (£4 million), but 40,000 customers said that they were interested in the investment opportunity. If Revolut took all the money, it… Read More
Powered by WPeMatico
Stripe acquires Payable to help on-demand businesses manage 1099 tax reporting
With its Stripe Connect product, Stripe wants to make it easier for on-demand and marketplace businesses to not only process payments from their customers, but also make payments to contractors and vendors. In an effort to bolster the tax reporting tools available to them, the company has acquired long-term partner Payable. Read More
Powered by WPeMatico
CPG investing platform CircleUp will now issue loans to help consumer brands grow
It’s hard raising money as a consumer packaged goods (CPG) company, but one startup wants to make it easier. CircleUp, which already helps consumer brands raise millions in equity financing, is now going to issue loans to help smaller CPG companies raise working capital and avoid cash crunches. Read More
Powered by WPeMatico
After raising $70M, Betterment expands financial advice to all users
On the heels of announcing a fresh $70 million in funding led by Swedish investment firm Kinnevik AB, Betterment is launching a new messaging feature that will allow users to ask questions and get answers from its team of financial advisors. Visa makes strategic investment in card processing startup Marqeta
Since 2010, Marqeta has quietly established itself as the underlying tech provider for businesses that are looking to issue virtual and physical debit and credit cards to employees, partners and customers alike. As it looks to expand internationally and sign up customers around the globe, the company has taken $25 million in strategic investment from payments heavyweight Visa. Read More
Powered by WPeMatico
Mobile savings and investment service Acorns is on track to do 1 billion trades in 2017
Acorns is quickly turning into an oak tree in the financial services space. The company now boasts more than 2 million investment accounts (with 600,000 opened in 2017 alone) and is on track to do 1 billion trades in 2017 through the proprietary broker-dealer that it created. Read More
Powered by WPeMatico
Beginning this week, automated savings app Digit will start charging users $3 a month
In April, Digit announced that in 100 days it would begin charging $2.99 a month to people using its service to automatically save for a rainy day or help pay their bills. Well, 100 days have almost passed, and it’s almost time for those changes to go into effect. Revolut launches personal Euro accounts with your own IBAN
Fintech startup Revolut just raised $66 million and is already launching new features. Starting today, you can generate your own IBAN for Euro transactions. This way, you can receive your salary directly on your Revolut account for instance. While you could already top up your Revolut account with a regular bank transfer, Revolut only had one bank account to receive all your Euro transfers.… Read More
Powered by WPeMatico
Qonto launches its digital bank accounts for small companies
French startup Qonto has raised another $11.3 million (€10 million) from existing investors Valar Ventures and Alven Capital. The company is now also open for business. You can now create a French business bank account on the company’s website. Qonto wants to become the N26 of business accounts. While retail banking hasn’t changed quickly enough over the past few years, it feels… Read More
Powered by WPeMatico
Online lending company SoFi is closing down Zenbanx, the online banking provider it bought earlier this year. In an email sent to Zenbanx customers, the company announced that it will close all accounts at the end of next month.