Author: Lucas Peterson
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Fintech Is Put Through The Wringer By Tiger Global And SoftBank
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The recent troubles of fintech investment giants SoftBank and Tiger Global raise questions about the future funding of some of the most valuable fintechs. SoftBank and Tiger Global, known for their open checkbooks and overzealous fintech funding approach, lost billions of dollars as fintech and tech companies have gone under.
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After Insolvency: Vantik Sells Customer Accounts To Fintech Rivals!
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At the beginning of June, Berlin-based fintech Vantik had to file for insolvency. The fintech launched in 2018 with mobile savings accounts for young adults and put paid-in amounts into its own fund, from where the capital is invested in a globally diversified ETF portfolio. Vantik announced that the investment…
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Astra Partners With Visa For Faster A2A Payments!
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US fintech company Astra (website) has partnered with Visa to enable faster payments for millions of end users and plans to offer instant card-to-card financing as a service. Astra uses Visa Direct, Visa’s real-time payment service, to enable users to fund cards, wallets, and other accounts with their eligible debit…
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ING integrates Fintech Lendico Into Business Banking
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More than four years after the acquisition of the peer-to-peer lending platform operator Lendico (website), ING is now fully integrating the fintech into its own business. In doing so, the Dutch want to expand business banking as a third pillar.
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United Fintech Hires Mitch Vine And Danny Finnerty To Expand Us Presence
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United Fintech has expanded its team in New York with the appointment of Mitch Vine and Danny Finnerty (pictured) to expand the fintech’s US presence and provide a one-stop store for banks, hedge funds, and asset managers. The company acquires and scales innovative fintech companies in the capital markets space,…
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Israeli Paytech Melio Firex 60 Employees!
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The Israeli company Melio (website) raised $250 million last year at a $4 billion valuation but laid off 60 employees in its U.S. sales and customer success team due to a shift in product priorities. Founded by fintech veterans Matan Bar, Ilan Atias, and Ziv Paz, Melio is developing a…
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UK Fintech Startup Revolut Is Hiring For Its Digital Assets Division
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While the global tech industry is reeling from massive layoffs as startup funding declines, the U.K.’s largest unicorn is bucking the trend and going on a hiring spree. Revolut is increasing its workforce by 20%, including in the division of its digital assets, which has continued to grow despite the…
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Austrian FinTech Own360 Becomes Sunrise
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Founded in 2017, Own360 says it now manages around 15,000 fund custody accounts in Austria. FinTech is now renaming itself Sunrise (website) and wants to tackle the next growth step, for example, a branch office in Berlin. However, the rebranding is not intended to change anything about the concept.
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Open Banking Cooperation: Sparkasse KölnBonn Relies on FinTech Raisin
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The partnership between Sparkasse KölnBonn (website) and FinTech Raisin (website) goes into the next round. Customers of the Sparkasse can now conclude overnight and fixed-term deposits with Raisin via their advisor and view them directly in online banking. This is possible thanks to an API solution developed as part of…
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FTX Pay Integrates With Reddit Community Points
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FTX, the regulated cryptocurrency company of Sam Bankman-Fried, announced an integration with Reddit’s Community Points in the US, EU, Australia, and other global markets. The partnership features the integration of FTX Pay as a white-label payment and exchange solution to support users onboarding Community Points.