ZayZoon charges employees $5 to get paid sooner
In spite of the so-called Great Resignation, wages haven’t risen as dramatically as some economists anticipated. About 41% of workers recently surveyed by Willis Towers Watson say that they’re living…
Read More »Robinhood cuts 23% of staff, CEO Vlad Tenev says, ‘This is on me’
It’s been a volatile year for retail investment behemoth Robinhood. The fintech company is slashing 23% of its workforce, as first reported by the Wall Street Journal and confirmed by TechCrunch….
Read More »Previ wants to subtract personal expenses from your paycheck with a cash-back twist
Why disrupt the bank account when you can go straight to the true source of all consumer spending: an individual’s paycheck? Brandon Rodman, who founded customer communications platform Weave but…
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Google backs Indian rewards payments startup Twid
Twid, an Indian startup operating a rewards-based payment platform, has raised $12 million to scale its network of merchants and issuers and expand its solution in the South Asian market….
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Savana raises a fresh round of capital to digitize banks’ services
Malvern, Pennsylvania-based Savana, a company building financial software products for legacy banks, today announced that it raised $45 million. A portion of the capital — $10 million — was debt,…
Read More »A tale of two surveys: Fintech VCs change tune on investment landscape
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our…
Read More »Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff
Publicly traded Lemonade has laid off about 60 employees of Metromile, the auto insurtech company it recently acquired — adding to the volatility the technology sector has seen over the…
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TechCrunch+ roundup: SaaS burn multiples, 8 fintech VCs spill the tea, all my apes gone
Despite the ongoing correction in the public markets, mass layoffs in the tech sector and high inflation, U.S. Treasury Secretary Janet Yellen says we’re not yet in a recession. At…
Read More »Clearco cuts 25% of staff, considers ‘strategic options’ for international operations
Clearco, a Toronto-based fintech capital provider for online companies, tells TechCrunch that it has laid off 125 people, or 25% of its entire staff. Those impacted will receive severance pay,…
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Kompliant secures $14M to help companies tackle financial compliance challenges
Kompliant, a startup delivering an “AI-driven” business onboarding and risk scoring platform, today announced that it raised $14 million in a seed round led by Level One Fund with contributions…
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