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…
Read More »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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