Singapore fintech startup Instarem closes $41M Series C for global growth

Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities. The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks […]

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Venmo launches a ‘limited edition’ rainbow debit card for its payment app users

Hoping to entice more users to attach the Venmo MasterCard to their account, Venmo this morning announced it’s launching a “special edition” rainbow-colored version of its debit card that will only be available in limited quantities. Clearly, the idea here is to generate a sense of urgency around ordering the Venmo MasterCard as well as […]

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Teen debit card Current now acts like a real bank account

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 […]

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Venmo officially launches its own MasterCard-branded debit card

Venmo today is officially introducing its own debit card in partnership with MasterCard, following beta tests of a Visa-branded debit card last year. The new card will allow Venmo users to pay anywhere MasterCard is accepted in the U.S., and will record transactions to the user’s Venmo account for easy splitting with friends. It can […]

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Mobile money-saving app Qapital raises $30 million to spend on growth

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 […]

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Uber is offering a new debit card with perks geared toward drivers

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Uber drivers and deliverers may want in on a debit card that Uber has designed with drivers in mind — if they think the discounts and perks are worth it.

The new Uber Visa Debit Card from GoBank is geared toward drivers (including Uber Eats and other delivery service drivers) and offers cash back rewards for gas fill-ups and car maintenance as well as other expenses associated with ride-hailing apps.

The card offers 3 percent cash back at Exxon and Mobil gas stations, and 1.5 percent at other gas stations. Discounts at Jiffy Lube and Advance Auto Parts also make sense for a driver putting a lot of wear and tear on their vehicle. Read more…

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New credit card skimmer worked in plain sight at Aldi stores

 Police in Lower Pottsgrove, Pennsylvania have spotted a group of thieves who are placing completely camouflaged skimmers on top of credit card terminals in Aldi stores. The skimmers, which the gang placed in plain sight of surveillance video cameras, look exactly like the original credit card terminals but would store debit card numbers and PINs of unsuspecting shoppers. “While Aldi… Read More

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