Qapital, one of a slew of mobile applications trying to make it easier for users to save money (and spend it more wisely), has raised $30 million in fresh financing as it expands beyond savings to offer investment advisory services. Since its launch in the U.S. in 2015, Qapital has amassed roughly 420,000 users that […]
View More Mobile money-saving app Qapital raises $30 million to spend on growthCategory: Banking
A16Z and Founders Fund sink $28M into IRL asset blockchain Harbor
Harbor helps businesses legally issue cryptocurrency tokens that represent ownership of real-world assets like real estate, fine art, company equity, and investment funds. This “tokenization” might sound boring, but it could be a big business that unlocks trading of illiquid property. Harbor‘s intention to become a fundamental bridge between the offline and crypto economies has […]
View More A16Z and Founders Fund sink $28M into IRL asset blockchain HarborFinTegration: Citi and Qantas brought the future of banking to SXSW
Advertising Content from Citi Mobile technology enables more people to be connected, across greater distances, than ever before. An ecosystem of apps has sprung up to fulfill our every desire, from late-night takeout to booking that much-needed getaw…
View More FinTegration: Citi and Qantas brought the future of banking to SXSWDFS Lab is helping the developing world bootstrap itself with fintech
Entrepreneurs have it rough in Africa, India, Pakistan — places where VC cash doesn’t fall from the sky and necessary infrastructure like reliable banking and broadband can be hard to come by. But companies grow and thrive nevertheless in these rugged environments, and DFS Lab is an incubator focused on connecting them with the resources they need to go global.
View More DFS Lab is helping the developing world bootstrap itself with fintechPayPal to roll out banking products for the ‘unbanked’ in the weeks ahead
PayPal is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other services, according to news the company shared with The Wall St. Journal. The company says its new products are targeted specifically at the unbanked, and will launch […]
View More PayPal to roll out banking products for the ‘unbanked’ in the weeks aheadBenchmark just funded Chainalysis, the crypto intelligence company that helped crack the Mt. Gox case
When the virtual currency exchange Mt. Gox collapsed into bankruptcy in 2014 following the disappearance of hundreds of thousands of bitcoins and tens of millions of dollars, those who lost money were understandably furious. For a small group of people, however, the theft — likely masterminded, we now know, by a Russian cybercrime suspect who […]
View More Benchmark just funded Chainalysis, the crypto intelligence company that helped crack the Mt. Gox casePolish bank begins using a blockchain-based document management system
A blockchain company called Coinfirm has announced a partnership with PKO BP, a major Polish bank, to provide blockchain-based document verification using a tool called Trudatum. The project is a an actual implementation of one of the primary benefits of blockchain-based tools, namely its ability to permanently and immutably store data. This announcement brings blockchain […]
View More Polish bank begins using a blockchain-based document management systemAmazon may launch a bank account aimed at teens, says report
Amazon has been in discussions with banks to create a product aimed at teens and other younger users who don’t have their own credit cards, or an interest in applying for one, according to a new report from Bloomberg. The company reportedly has held early stage talks with banks including JP Morgan Chase and Capital […]
View More Amazon may launch a bank account aimed at teens, says reportThis young lending startup just secured $70 million to lend $2 at a time
You don’t hear of many $2 loans in the United States, where $2 won’t buy you more than a chocolate bar. But in cities like Lagos, Nigeria, and Nairobi, Kenya, $2 has the buying power of roughly $40, making such “micro” loans useful when you’re running a small business. And borrowing $2 from a startup […]
View More This young lending startup just secured $70 million to lend $2 at a timeRevolut adds direct debits in Europe
Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. While Revolut is currently applying for a banking license, the company has already been adding everything you need to replace your bank account with a Revolut […]
View More Revolut adds direct debits in EuropeUK’s Atom Bank raises another $206M led by BBVA for millennial and SMB financial services
Atom Bank, the startup based out of Durham, England that operates a mobile-only bank targeting consumers between the ages of 18 and 34, has raised another big round of funding. The company today announced another £149 million ($206 million) in funding to double down on its existing business — focused currently on savings accounts, mortgages and small business loans — as well as… Read More
U.S. banks’ Venmo alternative, Zelle, moved $75B last year, says 100,000 people enroll daily
Zelle, U.S. banks’ answer to mobile payment services like PayPal and Venmo, claims that nearly 100,000 consumers, on average, are signing up for its service per day. The company also painted a picture of growing traction, noting it processed over 247 million payments in 2017, an increase of over 45 percent year-over-year, totalling $75 billion in peer-to-peer payments, up from $55… Read More