fintech
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Ibanfirst grabs $11 million to expand beyond foreign exchange services
French startup Ibanfirst is launching its full-fledged banking service for companies. The startup was previously known as FX4BIZ, a sort of TransferWise for business transactions. The company just raised $11 million (€10 million) from Xavier Niel and others. Ibanfirst plans to go much further than being a foreign exchange service. The initial idea behind Ibanfirst is quite simple. Many… Read More
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Grow launches its app for socially responsible investing
Amid an increasing number robo-investors like Betterment, Stash, and Robinhood, a new San Francisco-based fintech startup called Grow is entering the fray to compete based on investment type, not only financial returns. While the app operates much like its rivals in terms of making it easier for novice investors quickly build their portfolios, its biggest differentiator is that it focuses… Read More
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Digit, a simple app to help you save, launches Android app
Whether you’re working out of a dorm room or running a billion-dollar company, a little pivot can go a long way. At their worst, pivots can derail a company’s success, but at their best, they demonstrate a company is still attuned to its user base — no matter how big it gets. Digit, a fintech service that helps people save, launched a year and a half ago with the… Read More
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SelfScore raises $7.1 million to help international students get credit in the U.S.
A startup called SelfScore has raised $7.1 million in new venture funding to help bring much-needed financial services to international students at U.S. colleges and universities. SelfScore co-founder and CEO Kalpesh Kapadia grew up in India, but moved to the U.S. for graduate school in 1995. That’s when he first noticed the challenges of assimilating into what he says is the… Read More
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LendUp fights big banks with $47M for compassionate credit cards
Banks win when the poor lose. Credit cards can trap people in debt and bleed them dry with late fees. But it’s this exploitative experience that makes banks vulnerable to fintech startups like LendUp that are willing to undercut them and make up margin with software efficiency. It’s that strategy of building an enduring consumer banking brand on the principle of compassion that… Read More
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Blackmoon launches in the US to match investors with balance-sheet lenders
It was only a matter of time before Tinder for balance-sheet lenders and debt investors became a thing.
Financial matchmaking platform Blackmoon launched this week in the United States. The platform is designed to help institutional investors access non-bank balance-sheet loans. The Russian marketplace Lending-as-a-Service platform is also adding a New York office to its international… Read More
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MoneyLion brings traditional banking ever closer to obsolescence
The lingo of personal finance is rapidly changing. Mint has replaced our nagging parents and significant others who think our spending is out of control. Wealthfront and Betterment took away our personal wealth managers. Heck, we don’t even have to go to a bank anymore to get a loan with SoFi or Lending Club. Since 2013, CEO Diwakar Choubey and his team have been developing MoneyLion… Read More
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Final is a plaster on the gaping wound that is U.S. credit card security
Credit card fraud is a big problem, with an increasing number of companies launching products to patch the problems. The most recent example is Final, which today announced it is shipping its first consumer product: disposable credit card numbers. That’s lovely, but in doing so, it serves predominantly as an example of a company fixing a serious problem from the wrong side of the fence. Read More
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Number26 raises another $40 million for its vision for the future of banking
Berlin-based startup Number26 just raised a $40 million Series B round led by Horizons Ventures. With 200,000 clients, Number26 wants to become a major consumer-facing bank in Europe providing all the services you’d expect from your bank. And this funding round is an important milestone in order to reach this goal. Read More
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Affirm is partnering with Expedia and Eventbrite so you can pay for experiences over time
Affirm has made it no secret that its success will hinge on its ability to offer customers a wide range of retail partners where they can frequently use Affirm to pay. While the lending startup originally launched with niche partners like Casper mattresses and Boosted Boards, they have recently partnered with mainstream retailers like Home Depot and J. Crew with the hopes of tempting a… Read More
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