Fintech

The cash tranche is significantly smaller than its extended Series B total, but Finix did include that new investors participated in the round, meaning this one is not an extension round, “thanks to the growth” that it has shown in the last six months. New and existing backers...

Small businesses have found it difficult to keep up with digital innovations in payments and financing. Banks too face challenges developing and implementing systems scaled to small and medium-sized business (SMB) digital payment innovation. FinTech is coming to the digital rescue, developing solutions including networks to bridge the gap. For...

A recent souring of the global equity markets is having dire effects for startups that were previously doing well, Reuters reported Tuesday (Aug. 9). The market troubles and a lackluster demand for new listings have left many young companies raising funds at big discounts to their sky-high valuations. Reuters wrote...

For a business that preaches the need for speed, the trucking business seems to run into processes with the potential to keep trucks idling at every turn. Handling expenses for cost drivers incur on the road alone is a daunting task for any finance team — fuel, truck repairs, towing, parking, truck washes, loading and unloading fees.

Shares of Upstart Holdings Inc. were sinking more than 11% in premarket trading Tuesday as analysts digested the lending company's new reality.

“Fintech” is Africa’s modern-day gold rush, with investors betting big on startups that offer services from digital banking to retail payments and health care. In Uganda, pioneers in this emerging realm are catapulting even rural communities into the digital era.

StoneCo is a fintech company based in Brazil. Founded in 2012, the company has grown to become a leading provider of financial technology solutions. StoneCo is truly a high-growth firm. From 2016 to 2021, the firm's revenues surged at a 5-year CAGR of 50.3%, jumping from $130 million to $1,005 million.

Good morning, and welcome to Protocol Fintech. This Monday: Fintechs are cutting costs, the CFPB has a new report on payments and a look at the week ahead. There are a lot of mixed signals in the economy: Companies are laying off workers and some economists are warning of a recession, yet Friday’s jobs data showed unemployment at a half-century low. Consumer confidence is falling, but spending has proven somewhat resilient.

Although the fintech industry is expected to grow in the long run, headwinds like rising interest rates and multi-decade high inflation have led to a massive correction in financially weak...

Israel is well known as a world leader in cybersecurity and a critical innovation hub driving the development of tools and resources aimed at fighting cybercrime and managing the increased digital security risks organizations face today. Investors know this all too well. According to Israel National Cyber Directorate, in 2021,...

Each year, 42 million Americans receive food stamps–now known as SNAP benefits–which they can use at 250,000 retailers. But despite the surge in e-commerce and grocery delivery since the Covid-19 pandemic began, there are only about 100 retailers where you can use SNAP benefits to pay for online grocery delivery today.