FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

Yendo Raises $165 Million for ‘Vehicle-Secured’ Credit Card
Yendo Raises $165 Million for ‘Vehicle-Secured’ Credit Card
May 16, 2024  |  Investments

Yendo, a FinTech offering a credit card tied to users’ car equity, is $165 million richer. The company announced the new funding — $150 in debt financing,...

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Grab’s Path to Profitability Paved by Operating Leverage and AI
Grab’s Path to Profitability Paved by Operating Leverage and AI
May 16, 2024  |  Earnings

In a dynamic operating environment, the path to profitability requires focus and discipline. It also frequently requires cutting costs and finding new efficiencies by using technology. Singaporean...

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Mastercard Selects 5 Startups for Blockchain and Digital Assets Program
Mastercard Selects 5 Startups for Blockchain and Digital Assets Program
May 15, 2024  |  Startups

Mastercard has selected five startups from around the world to participate in its Start Path Blockchain and Digital Assets program. This program is designed to...

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Block-Owned TBD and Chipper Cash Partner on Cross-Border Payments in Africa
Block-Owned TBD and Chipper Cash Partner on Cross-Border Payments in Africa
May 15, 2024  |  Cross-border Payments

Block-owned TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to...

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Chime to Add Earned Wage Access Offering to Banking App
Chime to Add Earned Wage Access Offering to Banking App
May 15, 2024  |  Digital Banking

Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and...

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What Does Nuvei’s Go-Private Deal Portend for FinTechs?
What Does Nuvei’s Go-Private Deal Portend for FinTechs?
May 14, 2024  |  Acquisitions

The FinTech landscape may be altered by go-private deals, as private equity firms and other corporates find value in the space — and where, arguably,...

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Ant Group Earnings Fall 19% Amid Digital Wallet Efforts
Ant Group Earnings Fall 19% Amid Digital Wallet Efforts
May 14, 2024  |  Earnings

Ant Group’s profits have dropped 19% as the Chinese FinTech expands its digital wallet offering. A report Tuesday (May 14) by Bloomberg News breaks down the...

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Less Than Half of FinTech Banks Let Consumers Make P2P Payments
Less Than Half of FinTech Banks Let Consumers Make P2P Payments
May 10, 2024  |  Digital Payments

FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have...

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Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
May 10, 2024  |  Acquisitions

In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, the recent news that...

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