There was a spate of negative fintech news this week. We had significant layoffs from two of the largest fintechs in the country, Stripe and Chime and Coinbase reported miserable Q3 results. A couple of legal issues in the news were Custodia’s Bank lawsuit against Fed and Coinbase is coming out in support of Ripple’s […]
Venture capital investments into LatAm fintech startups dropped further in the third quarter of the year, following a sharp reversal in global markets that drove investors away from assets generally perceived as risky. Following the rise in interest rates, inflows into the regional sector have fallen substantially from record levels last year. Despite the swift […]
Lama AI, an intermediary SMB lending exchange for banks, announced a $9 million seed round led by Viola Ventures and Hertz Ventures. Lama AI’s technology empowers banks, fintechs, and other industry players to tap into the fastest and most efficient access to bank-rate credit opportunities, including term loans, lines of credit, ABL, factoring, letters of […]
LAS VEGAS, Nev. — During the last fintech bull run, no phrase was thrown around with more weight or treated with as much caution as “super app.” Known in Chinese tech markets as an entire lifestyle all under one icon, super apps like Alipay and WeChat offer everything from rideshare and grocery shopping to complex […]
The most interesting use cases for DeFi are still being discovered. But tokenization of real world assets, or anything that has an income stream associated with it, is starting to take shape. And there are blockchains being built today with digitization and tokenization of assets as their core use case. John Wu of Ava Labs […]
Innovation or rip offs in the UK mortgage market? There are a lot of products in the UK mortgage market as rising interest rates have comme d’habitude caused panic among those who should know better. One mans panic is another ones opportunity and some interesting deals involving all kinds of clever tricks with interest […]
Drawn by the rapidly expanding digital ecosystem, global players have increasingly focused on Latin America’s most populous economies as markets with high growth potential. The fast digitization of Brazil, in particular, has led both fintech and traditional foreign companies to devise expansion strategies to serve the underbanked. Most recently, Western Union, the U.S. money transfer […]
On Tuesday, Extend, launched an API that enables SMBs to issue digital cards from any company, including American Express. A spokesperson said that SMBs could input the new system with the providers they are used to without paying switching costs. Orna Albus, chief product officer at Extend said businesses could speed up their transactions. “SMBs […]
Celcoin recently announced the launch of a Banking as a Service (BaaS) API to expand its range of solutions to become a complete player for companies looking to include layers of finance in their systems. Celcoin describes itself as a fintech that provides financial and banking infrastructure and services. According to the company, the new […]
In about six to eight months, FedNow will launch a country-wide interstate highway for payments that will change the financial landscape, Fed Reserve Governor Christopher Waller said on Oct. 25. He said anyone in payments or fintech needs to get ready for 24/7, 365 settlement; the government will provide the infrastructure, and the private industry […]