SoFi acquires community bank Golden Pacific Bancorp to speed up its national bank charter process
SoFi, more formally known as Social Finance, announced today that it has agreed to acquire Golden Pacific Bancorp (GPB) for about $22.3 million. The dollar amount is not staggering. What…
Read More »Equity Monday: More money for fintech, Deliveroo’s IPO and AI startups
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market…
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Hong Kong fintech unicorn WeLab raises $75M led by insurance giant Allianz
One of the few industries that have benefited from the COVID-19 crisis is online finance. Around the world, the pandemic has forced consumers to adopt digital banking. Hong Kong’s WeLab,…
Read More »Fintech startup ClearGlass Analytics closes $3.6M for pension funds transparency platform
Fintech startup ClearGlass Analytics has closed a £2.6 million ($3.6 million) funding round for its platform, which aims to create greater transparency on fees in the long-term savings market, such…
Read More »Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group
Payfazz and Xfers, two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group….
Read More »Revolut lets customers switch to Revolut Bank in 10 additional countries
Fintech startup Revolut has its own banking license in the European Union since late 2018. It lets the company offer some additional financial services without partnering with third-party companies. And…
Read More »Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B
Fueled by the COVID-19 pandemic, digital transformation is happening all over the world. And Southeast Asia is no exception. Indonesia’s Xendit, a startup focused on building digital payments infrastructure for…
Read More »Oak HC/FT closes on $1.4 billion to invest in fintech and healthcare startups
Oak HC/FT general partners Annie Lamont, Andrew Adams and Tricia Kemp invested in healthcare and fintech before the two sectors were mainstream, and today, as a result of that early…
Read More »ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options
ErudiFi wants to help more students in Southeast Asia stay in school by giving them affordable financing options. Headquartered in Singapore, with operations in Indonesia and the Philippines, the startup…
Read More »Indonesian investment platform FUNDtastic lands $7.7 million Series A
Despite the market impact of the COVID-19 pandemic, retail investing is increasing in Indonesia, especially among people aged 18 to 30. Today, investment platform FUNDtastic announced it has raised a…
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