financial services

Accion Venture Lab launches $23M inclusive fintech startup fund

Accion Venture Lab launches $23M inclusive fintech startup fund

Accion Venture Lab—the seed-stage investment arm of non-profit Accion—has raised $23 million for a new inclusive fintech startup fund. The Accion Venture Lab Limited Partnership, as its called, will
Why financial services companies need to invest in voice and chat (VB Live)

Why financial services companies need to invest in voice and chat (VB Live)

Financial services companies are using conversational assistants to drive digital engagement, streamline customer communications, build revenue. and more.

Klarna raises $460 million, looks to expand its payments presence in the US

Swedish payments provider Klarna has announced a new round of equity funding, adding $60 million at a post-money valuation of $5.5 billion, which makes it one of the most highly valued private fintech

Financial services marketplace CompareAsiaGroup raises $20 million in new funding led by Experian

Experian, one of the largest credit reporting bureaus in the United States, announced today that it has invested in CompareAsiaGroup, the financial services marketplace. Experian led the initial

Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn

Privacy commissioners from the Americas, Europe, Africa and Australasia have put their names to a joint statement raising concerns about a lack of clarity from Facebook over how data protection
Why this Nigerian fintech startup is volunteering audited financials

Why this Nigerian fintech startup is volunteering audited financials

Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG. This comes four months after the company obtained a

Using Spotify and Netflix payments to build your credit score? Grow Credit has a service for that.

Can subscriptions and everyday payments be used to help build or rebuild a credit score? The Los Angeles-based Grow Credit thinks so. The service, which launched earlier this month, is one of the slew
Betterment Is Basically Becoming a Bank With New Savings and Checking Accounts

Betterment Is Basically Becoming a Bank With New Savings and Checking Accounts

Less than a year after launching its not-quite-a-savings-account Smart Saver product, popular robo-advisor Betterment is taking big steps towards becoming a real bank by introducing two new services:
Betterment Is Basically Becoming a Bank With New Savings and Checking Accounts

Betterment Is Basically Becoming a Bank With New Savings and Checking Accounts

Less than a year after launching its not-quite-a-savings-account Smart Saver product, popular robo-advisor Betterment is taking big steps towards becoming a real bank by introducing two new services:

UK challenger bank Atom raises another £50M from BBVA and more at £530M valuation

Another hopeful among Europe’s so-called challenger banks — startups taking on the big names in consumer banking by targeting niche groups of users with a more modern set of tools to manage users’

When a Company Dominates Its Market, Do Employees Benefit?

A recent study finds that it depends on the industry.

When a Company Dominates Its Market, Do Employees Benefit?

A recent study finds that it depends on the industry.

Fintech in Latin America continues to draw big dollars as Softbank invests $231 million in Creditas

As investors continue to move more aggressively into Latin America’s startup scene, there’s one industry that seems to be drawing more attention than any others — financial services. As wealth across
Grasshopper’s Judith Erwin leaps into innovation banking

Grasshopper’s Judith Erwin leaps into innovation banking

In the years following the financial crisis, de novo bank activity in the US slowed to a trickle. But as memories fade, the economy expands and the potential of tech-powered financial services marches

The startups creating the future of RegTech and financial services

Technology has been used to manage regulatory risk since the advent of the ledger book (or the Bloomberg terminal, depending on your reference point). However, the cost-consciousness internalized...
Deutsche Bank’s latest restructuring is its most “radical” yet

Deutsche Bank’s latest restructuring is its most “radical” yet

By 2022, it will cut some 18,000 jobs, or around one in five of the workers it employs today.
PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, the Naspers-owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based Red