Apple faces charges over Apple Pay following EU antitrust complaint
The European Commission has shared the preliminary findings of an antitrust case focused on Apple Pay on iOS devices. According to antitrust investigators, Apple abused its dominant position, as competitors…
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Accern lands $20M for AI that analyzes financial documents on the web
Accern, which uses AI to analyze online conversations around particular companies, trends and industries, today announced that it raised $20 million in a Series B round co-led by Mighty Capital…
Read More »Concerto snags $21.2M to bring co-branded credit cards to more brands
Co-branded rewards programs like Amex’s longrunning Delta partnership are a major factor in consumers’ credit card decisions. According to a GigaPoints/Ipsos poll, over half of Americans say that earning points…
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Fintech Roundup: What’s the deal with the one-click checkout space?
Welcome to the inaugural edition of 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…
Read More »Affirm’s CTO talks transparency and the tech that makes BNPL possible
BNPL is not a new concept; it’s just taken off in recent years and become far more mainstream. Buy now, pay later lets people do exactly what its name suggests…
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How Lydia wants to make payments more personal and social
Yesterday, fintech startup Lydia unveiled a brand new design for its financial super app. And it’s an opinionated take on mobile payments — not just a fresh coat of paint….
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With Kard, banks and fintechs can build custom credit card rewards programs
Credit card rewards often play a significant role in attracting users to a particular card over its peers. But for young fintech companies newer to card issuance, setting up an…
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Ex-Chime engineers raise $4M for B2B payments infrastructure startup Streamlined
While working as the head of treasury at Braintree, Boris de Souza once discovered a $90 million payment that went “missing” for over two weeks because of poor payments infrastructure….
Read More »Having some crypto in your 401(k) is neither irrational nor exuberant
The biggest retirement plan provider in the United States, Fidelity, just announced plans to offer individuals the opportunity to invest in bitcoin through their 401(k) retirement accounts later this year….
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Consumer fintech trading revenues don’t measure up to SaaS ARR
After a lengthy period of experimentation, investors have decided that consumer fintech trading businesses are not SaaS companies, meaning that those fintech revenues should not be valued as if they…
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