Current, the app-controlled teen debit card that’s managed by parents, is starting to look more like a bank. Today, the startup announced it’s now adding to its debit account for teens support for routing and account numbers. That means working teens will be able to direct-deposit to their Current account their paychecks from after-school and […]
View More Teen debit card Current now acts like a real bank accountCategory: Banking
N26 says it now has more than 2M customers
N26 announced today that it now has more than 2 million customers — up from 1.5 million in October. The German fintech startup’s CEO Valentin Stalf was interviewed onstage at Disrupt Berlin with Tandem CEO Ricky Knox, where they discussed the growth of what are sometimes called challenger banks or neobanks — new banks that […]
View More N26 says it now has more than 2M customersGiving back and building a better future through FinTech
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Advertising Content from Citi
With initiatives like Giving Tuesday on November 27, today’s global community has greater opportunities than ever before to help those in need. A credit to the internet’s shrinking of the globe, social platforms and always-on digital media can shine a constant spotlight on causes, organizations, and communities that otherwise might slip under our attention—and on the broader importance of giving back our time, resources, and money to charity, whomever we choose as their recipients
But the question remains of just how to best help others. In America, do we prefer to give our money or volunteer our time when considering our own charitable efforts? According to a recent Citi study, 55% of people who do not contribute their time to positive social change causes wish they could, and two out of three people who do contribute their time wish it was easier to do so. In other words, people want to give their time and skills to charitable causes, not just their money. Read more…
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Our 3 favorite startups from Morgan Stanley’s 2nd Multicultural Innovation Lab Demo Day
The Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house accelerator focused on companies founded by multicultural and female entrepreneurs, hosted its second Annual Showcase and Demo Day. The event also featured companies from accelerators HearstLab, Newark Venture Partner Labs and PS27 Ventures. (Note: I was formerly employed by Morgan Stanley and have no financial ties.) The showcase represented […]
View More Our 3 favorite startups from Morgan Stanley’s 2nd Multicultural Innovation Lab Demo DayWhy modern life needs modern banking
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Advertising Content from Citi
From eschewing bar soap to saying no to mayo, Millennials just want to do things differently—and that’s true in many ways, including reimagining how our society views common life decisions.
Mostly, that means giving today’s rising generations more time before diving into major personal and financial changes. Compared to Boomers and Gen X, Millennials are marrying later, buying homes later, having children later—and that’s if they’re doing these things at all
Why the delay? For many Millennials, it comes down to their finances. They want to feel a stronger sense of personal financial stability before undertaking a transformative endeavor like marriage or starting a business. This makes sense for a generation raised in the shadow of the 2008 recession, who treat banks differently than previous generations. A recent Gallup report shows only 66% of Millennials have visited a physical bank in the past six months, compared to 81% of Boomers. Where, then, are they banking? Read more…
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Charge card startup Brex aims for decacorn success
By now, Brex, the young startup that is trying to reinvent corporate credit and charge cards, is well-known in Silicon Valley. The tender age of the company’s co-founders, Henrique Dubugras and Pedro Franceschi, the big-name backers, the $125 million Series C announced last month, the aggressive billboard advertising in San Francisco and the company’s torrid […]
View More Charge card startup Brex aims for decacorn successElectric flying taxi service Lilium poaches key hires from Audi, Airbus
Lilium, the developer of a new, electric, vertical take-off and landing vehicle for a novel flying taxi service, has poached some pretty big former executives from Airbus and Audi as it builds out its technology and gets ready to bring its service to market. Mirko Reuter, the former head of automated driving at Audi, has […]
View More Electric flying taxi service Lilium poaches key hires from Audi, AirbusVenture capital and the blockchain will be the talk at Startup Battlefield Africa
TechCrunch Startup Battlefield returns to Africa next month, and we have an agenda chock-full of interesting panels and our premier startup competition. Joining us in Lagos, Nigeria on December 11 for a couple of those aforementioned panels will be Chris Folayan, the founder and CEO of Mall for Africa; Nichole Yembra, chief financial, risk and […]
View More Venture capital and the blockchain will be the talk at Startup Battlefield AfricaSoutheast Asia’s Grab partners with MasterCard to offer virtual debit cards
Ride-hailing firm Grab branched out into payments last year and now the $11 billion-valued company, which acquired Uber’s Southeast Asia business earlier this year, has given its fintech division a major boost after it announced plans to introduce virtual pre-paid debit in partnership with Mastercard. The move is the largest digital payment push in Southeast […]
View More Southeast Asia’s Grab partners with MasterCard to offer virtual debit cardsHong Kong’s Neat raises $3M to offer easy banking for startups and SMEs
Neat, a Hong Kong-based startup that gives startups and SMEs access to credit cards and banking services has pulled in $3 million in fresh funding. The new round is led by China-based VC Linear Capital with participation from Hong Kong’s Sagamore investments and existing backers Dymon Asia Ventures and Portag3 Ventures . Neat previously landed a $2 million […]
View More Hong Kong’s Neat raises $3M to offer easy banking for startups and SMEsGDPR has cut ad trackers in Europe but helped Google, study suggests
An analysis of the impact of Europe’s new data protection framework, GDPR, on the adtech industry suggests the regulation has reduced the numbers of ad trackers that websites are hooking into EU visitors. But it also implies that Google may have slightly increased its marketshare in the region — indicating the adtech giant could be winning […]
View More GDPR has cut ad trackers in Europe but helped Google, study suggestsNubank is now worth $4 billion after Tencent’s $180 million investment
Nubank, the Brazilian financial services company, has raised $180 million from the Chinese internet giant, Tencent. Tencent has long been interested in financial services startups, and with its $90 million direct investment and another $90 million investment in the secondary market the company now has access to what is arguably the largest digital banking company […]
View More Nubank is now worth $4 billion after Tencent’s $180 million investment