Twitter/X has been going state-by-state obtaining money transmitter licenses. The social media platform is now approved in 12 states. For the last year or so Elon Musk has made clear his intention to build a financial super app to augment the platform’s ad-based revenues. But this move is not going to be easy. While many major tech companies have been […]
Fintech unicorn Clara continued to expand its offering in Brazil by launching a high-yield payment account in the country, unveiling another chapter of its ambitious growth strategy in Latin America’s largest market. The company, which relocated its headquarters from Mexico to Brazil in August, aims to achieve 6 billion reais in transactions by the end […]
Pinwheel’s partnership with payroll provider Workday company OneSource Virtual (OSV) ushers payroll into the same convenience levels as other areas of finance. It will also help banks achieve primacy with their customers. Partnerships lead Brian Karimi-Pashaki said the move is a response to the growing consumer demand for more transparency, control and portability over their […]
Brazilian fintech startup QI Tech secured a $200 million investment in a landmark deal, marking one of the largest funding rounds for Brazilian startups this year and one of the few substantial Latin American equity investments in 2023. At a time when the venture capital market is still seeking to recover from its lowest levels […]
No, you did not wake up back in 2021 but there is news this morning of a €285 Million (over $300m) fintech funding round. Germany-founded but London-based SumUp has closed the massive funding round that is “mostly equity” which tempers our initial enthusiasm somewhat. But even a nine-figure equity round is enough to make the news these […]
Much has been written about the looming end to the Apple-Goldman Sachs relationship (we even produced a cartoon about it). And while this is a big deal for Goldman and Apple, the average Apple Card holder likely does not give it a second thought. That is why I loved Dave Birch’s take today on the pending breakup. The 6.7 million Apple […]
Matt Bodkin Matt is a seasoned editorial cartoonist with a Bachelor of Fine Arts from Long Island University. He brings a strong background in the newspaper industry and skills in arts and design to his work. He aims to distill complex issues into funny doodles that resonate with readers. View all posts .pp-multiple-authors-boxes-wrapper.box-post-id-45383.pp-multiple-authors-layout-boxed.multiple-authors-target-shortcode.box-instance-id-1 .box-header-title { […]
Yesterday, the OCC issued new guidance for banks, addressing the risks of buy now pay later lending. The guidance focused on the popular “pay in 4” segment of BNPL. Not surprisingly, the national bank regulator recommended tight oversight of third-party servicers, the importance of transparent loan terms and fraud mitigation. This guidance intends to minimize adverse outcomes for consumers […]
Nasdaq-listed Inter is making waves in the world of Brazilian neobanking after announcing a major customer acquisition milestone. In December, the two-billion-dollar firm reached 30 million customers, cementing its place among the neobanks vying for big banks’ share in Brazil. The Belo-Horizonte-based neobank boasts a so-called “super app” in Brazil, providing clients with various financial […]
Enjoying our podcasts? Don’t miss out on future episodes! Please hit that subscribe button on Apple, Spotify, YouTube, or your favorite podcast platform to stay updated with our latest content. Thank you for your support! While most of us would agree that we have seen significant innovation in fintech and banking over the last decade, we still don’t really […]