Brex takes a swipe at Concur with an expansion into travel
In yet another example of how competitive the spend management space has become, Brex announced today that it has expanded into travel. Besides seeking to snag market share from incumbents…
Discover the Disrupt 2023 Fintech Stage
TechCrunch Disrupt, the premier event for startup investors and founders, is coming back September 19-21, 2023, with an enhanced new format. This year, we’re rethinking TC Sessions, the standalone industry…
Checkout.com’s new president is bullish on US expansion, says she ‘welcomes’ comparisons to Stripe
Stripe competitor Checkout.com announced last month that Céline Dufétel was appointed as its new president. She had previously served as the London-based fintech startup’s CFO and COO for about 18…
Former Stripe engineer raises $4M for Beam, a fintech startup out to help contractors get paid faster
Beam, a five-month-old startup out to more easily help general contractors pay subcontractors and get paid themselves, has raised $4 million in a seed funding round led by Accel. Both…
Ramp reports 4x revenue growth, says it still has ‘vast majority’ of equity funding
2022 was a tumultuous year for many fintech startups. But for Ramp, it was a year of opportunity. The company shared today that it saw its revenue grow by…
StellarFi lands $15M to help people build credit by paying bills, rent on time
Building credit is hard when it’s difficult to even get credit. And while it’s not impossible to get loans or credit cards, they are usually offered at high interest rates…
The story of how Dave took the long road to become a neobank
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eToro secures $250M at a $3.5B valuation after scrapping SPAC, seeing slower growth
After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million in funding at a $3.5…
Mercury expands FDIC insurance up to $3M through new Vault product
Mercury, a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon…
We’re only beginning to see the impact of Silicon Valley Bank’s implosion
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Public fintechs declined 72% in value in 2022
While the public market correction has been widespread, tech and fintech stocks have seen the largest declines, according to a recent report. Specifically, the Fintech Index — which tracks the…
Synctera raises $15M to help companies launch embedded banking products in Canada
Synctera, a banking-as-a-service startup, has raised an additional $15 million as it expands into Canada. NAventures, the corporate venture arm of National Bank of Canada, led the financing, which brings…
Better.com’s SPAC gets a lifeline but remains on life support
Digital mortgage lender Better.com’s SPAC deal with Aurora Acquisition Corp. recently got a new lease on life, extending its timeframe to close the transaction through the end of Q3 2023.…
7 investors reveal what’s hot in fintech in Q1 2023
The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs…
Amazon and Better.com’s unlikely pairing
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Varo, Stripe said to be raising new funds at much lower valuations
With the market turning so dramatically in 2022, it’s no surprise that many startups are now believed to be raising down rounds. This week alone, it was reported that Varo…
Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022
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Klarna wins over the US
The U.S. is now Swedish payment giant Klarna’s biggest market by revenue, surpassing Germany, and that has CEO and co-founder Sebastian Siemiatkowski feeling proud. In an exclusive interview with TechCrunch,…
Nestment raises $3.5M to help friends and family buy homes together • TechCrunch
For many segments of the population, home ownership is as elusive as ever. A recent report by the National Association of Realtors found that 26 percent of homebuyers are first-time…
Layoffs spell opportunity for some fintech startups • TechCrunch
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The entire fintech industry is not in distress
‘The buzz and momentum for these companies is unlike anything I’ve seen before’ Mary Ann Azevedo 11 hours With so many fintechs laying off staff, it can be easy to…
Neobank Vexi raises millions to offer young Mexicans lower interest rate credit cards • TechCrunch
Getting a credit card is something most Americans take for granted. In countries such as Mexico, it’s a much more difficult and less common endeavor. In fact, less than 20%…
a16z, GV back Thatch in its effort to simplify health benefits for startups and their employees • TechCrunch
When you’re dealing with health issues, worrying about how you’re going to pay for care can be a major additional stressor. This can be compounded when you’re facing major illnesses,…
How one Brazilian startup’s pivot to corporate cards has paid off • TechCrunch
Portão 3 was founded as a corporate travel startup in 2020 and had released its product just as COVID hit Latin America and “all airports closed,” recalls co-founder Bianca Pereira.…
Is this the end of the BNPL boom? • TechCrunch
When the economy was booming, the buy now, pay later space thrived. But as inflation and interest rates climbed, consumer-focused players in the space have struggled with increased defaults amid…