Shopify expands into credit cards as it pushes further into the fintech space
Shopify has entered the credit card game. The commerce giant announced today that it is offering Shopify Credit, a business credit card designed exclusively for its merchants. The new product…
Read More »Jeeves hits over $40M in annualized revenue as it expands beyond corporate credit cards
In September of 2021, Jeeves began offering corporate credit cards as its primary product — with a primary focus on Latin America — after participating in Y Combinator’s summer 2020…
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FedNow may finally be live, but will it be too costly for businesses to adopt?
Welcome to The Interchange! If you want this in your inbox, sign up here. It was an event-filled week in the fintech world, what with FedNow launching, the former CEO…
Read More »FedNow is finally live in the US
The U.S. government’s instant payment system, FedNow Service, went live this week. Here’s a quick refresher on what that is: FedNow is an instant payment infrastructure for transferring money that…
Read More »Q2 fintech funding: LatAm, Caribbean more than doubles while payments takes a big hit
CB Insights released its Q2 State of Fintech report last week, and unsurprisingly, global funding in the space was down — plunging by nearly half to $7.8 billion, its lowest…
Read More »Fintech valuations have fallen. Where do they go from here?
With the market having changed dramatically since the heyday of 2021’s venture funding boom, fintech valuations have largely shifted accordingly. With only a few exceptions, the once most valuable companies…
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Karat, a startup building financial tools for content creators, raises $70M
Despite earning six-to-seven-figure-a-year incomes, many content creators are denied the capital they need to expand their businesses. The reasons vary, but most are relatively young and have limited business and…
Read More »What’s going on with Greenwood and The Gathering Spot?
When Greenwood, a neobank that courts Black and Latino customers, acquired The Gathering Spot last year — a networking and coworking club that targets similar demographics — the fintech’s co-founder…
Read More »Runway lands $27.5M to streamline financial planning for businesses
Siqi Chen, the former president of Sandbox VR, the brick-and-mortar VR experience franchise, didn’t always have a strong grasp of finance. And it’s something he felt self-conscious about. “I’ve always…
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The fintech funding slump, by the numbers
Welcome back to The Interchange! If you want this in your inbox, sign up here. When it came to fintech news, we saw a pretty sluggish first half of 2023, and that…
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