Mobile banking app provider Dave has enough cash to survive the current downturn for fintech firms and reach profitability a year from now, according to CEO Jason Wilk. The Los Angeles-based company g...
Tag: Fintech
Fed Tightening Is Having More Impact Than You Might Think
We’ve learned a lot about the transmission of disease in the past few years. Ideas, good and bad, are spread similarly. Robert Shiller, the Yale University Nobel laureate, wrote in Irrational Exuberan...
FinTech India Summit 2022 Successfully Commenced in Chennai With TheNewsCrypto as the Official Media Partner
Point To Business Services, the well-known B2B marketing solution provider, hosted the “FinTech India Summit (FiS) & Awards 2022” on November 17th and 18th at Crowne Plaza, Chennai. Notably, TheNe...
VC firm Sequoia Capital’s Doug Leone on the fallout from FTX collapse
Doug Leone, managing partner at Sequoia Capital LLC, speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. The event brings together leaders in fi...
FTX’s Collapse Has Rekindled Interest in Defi and Associated Products – Fintech Bitcoin News
According to Julian Hosp, co-founder of the decentralized finance entity Defi Chain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest in decentralized f...
Ripple Partners With Africa-Focused Remittances and Payments Firm MSF Africa – Fintech Bitcoin News
Ripple, the United States-based tech firm, has said its crypto solution known as “on-demand liquidity” is set to help MSF Africa “streamline real-time mobile payments for customers in 35 countries.” T...
Genesis sought emergency loan of $1 billion: WSJ
Genesis sought an emergency loan of $1 billion from investors before telling clients it was suspending redemptions in the wake of the collapse of FTX, The Wall Street Journal reported. Genesis s...
Fintech firm TrueLayer to power Coinbase payments, eyes stablecoins
Fintech unicorn TrueLayer is partnering with Coinbase to enable UK users to top up their accounts via their mobile banking app. This is part of a broader push into digital assets as the open-banking c...
Short seller Muddy Waters says this fintech firm could be a ‘fraud’
Shares of dLocal Ltd (NASDAQ: DLO) were cut nearly in half on Wednesday after Muddy Waters revealed a short position in the Uruguayan financial technology company. Discrepancies in disclosures to inve...
Expert says this fintech stock is ‘quality at a reasonable price’
Visa Inc (NYSE: V) is a perfect example of what you call “quality at a reasonable price” and that’s a reason enough to be long this stock, says Malcolm Ethridge – the Executive Vice President of CIC W...
FTX says could have over 1 million creditors in new bankruptcy filing
FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonatha...
Fintech Firm Plaid Cuts Off FTX From Users’ Bank Accounts Following Concerning Public Reports
Fintech company Plaid has cut off FTX’s access to its users’ bank accounts after troubling reports surfaced that the bankrupt crypto exchange was attempting to access them. In a recent announcement, P...
Binance CEO sees slight increase in withdrawals after FTX collapse
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. Zed Jameson | Bloomberg | G...
Golf Startup Aims To Bring Money Matches To The Masses
A golfer gets ready to place a wager Loopgolf Loopgolf, a Bay Area fintech startup that streamlines recreational golf wagers, sees on-course betting as a gateway to capturing a big slice of golfers’ o...
Crypto.com CEO says will prove naysayers wrong amid FTX contagion fears
Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images The boss of cryptocurrency exchange Crypto.com took to YouTube Monday t...
SEC vs. Ripple: Fintech Firm Seeks To File Amicus Brief in Support of Regulator in XRP Lawsuit
The CEO of financial technology firm InvestReady is seeking the court’s approval to file a legal document that will support the U.S. Securities and Exchange Commission (SEC) in its legal suit against ...
EU Parliament passes cybersecurity legislation for crypto and fintech firms
The European Parliament passed the Digital Operational Resilience Act, which creates new rules on cybersecurity for crypto asset service providers. The legislation passed by a margin of 556 in ...
Egyptian Fintech Raises $31 Million in Series B Funding Round – Fintech Bitcoin News
Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $31 million. The funds will be used to financ...
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round – Emerging Markets Bitcoin News
Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million. Pyypl has said it plans to use ...
The Whole IoT Is At Risk From Itself
Systems of systems: Complexity is the adversary. getty Has the internet of things — the vast, interconnected, computer-centered ecosystem of today — reached a point where it is so complex, so multilay...
The fintech layoffs just keep on coming
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it d...
Mastercard Released A Report on African Fintech Sector Growth
Mastercard, a leading global payment fintech firm, recently released a study report on the “Future of Fintech in Africa,” in its October 2022 edition. The study report added about the early-mover Afri...
Fintech Uala Rolls Out Crypto Trading in Argentina
Uala, a fintech company based in Argentina, on Friday launched Bitcoin and Ether trading for its customers in the country. Andres Rodriguez Ledermann, the Vice President of Wealth Management at Uala, ...
Argentina’s Fintech Startup Uala Launches Crypto Exchange Services – crypto.news
Uala, a fintech sponsored by billionaires George Soros and Steve Cohen, will start offering a Bitcoin and Ether trading platform for clients in Argentina, where the use of crypto has soared. In the up...
Mastercard Welcomes 7 Crypto, Blockchain Startups to Fintech Innovation Program
Credit card giant Mastercard today announces that it’s welcoming seven new startups into its global startup engagement program, Mastercard Start Path. Since its inception in 2014, Mastercard Start Pa...
The 7 Top Fintech Stocks Ranked From Best to Worst
Amid the most intriguing sectors within the broad innovation space, the top fintech stocks to buy bring much potential to the table. Unfortunately for this year, the segment failed to produce much in ...
LBank Sets The Scene For An Educative Experience At Fintech Nigeria 2022
Excitement for Africa’s biggest Fintech event as LBank kicked off a momentous week at the Nigerian event with its distinct community members. The event exhibited by LBank and other crypto companies to...
Consumer protection should be key in digital asset projects
GP: JPMorgan office S3studio | Getty Images News | Getty Images SINGAPORE — Banks have to prioritize consumer protection as they embark on digital asset experiments, said Umar Farooq, chief executive ...
Stripe cuts 14% of workforce as fintech layoffs roll on
Payments firm Stripe is firing 14% of its workforce as layoffs continue at fintech and crypto companies. The company cited the macroeconomic environment and falls in funding for startups. The cu...
Goldman Sachs unveils crypto classification system, aimed at institutional investors
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is making a bid t...