Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers
Canadian digital bank Neo Financial has raised $145.2 million (CAN$185 million) after surpassing the 1 million customer mark, the company announced today. Valar Ventures led the investment, which brings Neo’s total…
Read More »From partners to competitors: What Stripe’s latest move means for Plaid
Earlier today, payments giant Stripe announced a new product that fills in some significant gaps in its play to be the financial services layer for merchants and other businesses whose…
Read More »Robinhood to let users lend out their shares in its attempt to diversify revenue
Trading platform Robinhood is launching a feature that will allow its users to lend out their stocks in hopes of earning passive, recurring income from borrowers, the company announced today….
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Masa Finance gets $3.5M pre-seed to build its decentralized credit protocol
Masa Finance, a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 million in pre-seed funding. According to a statement,…
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Getlife wants to democratize life insurance in Europe
Meet Getlife, a Madrid-based startup that just raised $6.3 million (€6 million) in seed funding. The company wants to make it easier to access life insurance products in Europe. For…
Read More »Bunq to acquire group expenses app Tricount
Bunq, a European challenger bank based in Amsterdam, has announced that it plans to acquire Tricount, a popular mobile app to manage group expenses. Bunq isn’t disclosing the terms of…
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Point closes on $115M to give homeowners a way to cash out on equity in their homes
Historically, homeowners could only tap into the equity of their homes by taking out a home equity loan or refinancing. But a new category of startups have emerged in recent…
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Banking giant Truist acquires fintech startup Long Game in effort to reach younger demographic
Truist — one of the nation’s largest financial institutions — has acquired Long Game, a 12-person fintech startup that has raised over $20 million in venture capital, executives have told…
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Inclusive fintech is hard to do right, so Line has a different direction
There’s no shortage of fintechs claiming to build a more inclusive, mission-driven fintech platform for lower-income individuals. However, hurdles like required credit history or predatory interest rates and fees limits…
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Bolt CEO addresses startup’s performance in wake of lawsuit, says merchant numbers are up 192% YoY
After a week of making headlines, one-click checkout startup Bolt has issued a public response to questions about how it’s faring in the competitive space. CEO Maju Kuruvilla issued a…
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