Chime

Fintech unicorns and decacorns are not immune to challenging economic and fundraising conditions. VCs unpack what’s going on.

VCs decipher the recent fintech layoffs — and why they’re happening now

Digital bank Chime confirmed today that it is laying off 12% of its workforce, or about 160 people. The Information first reported the news. According to an internal memo obtained…

Digital bank Chime is cutting costs across the board – including 12% of staff

While it is possible to build a neobank that isn’t bone-grafted to the venture capital markets, it can be a very long road to get to that point.

The profit divide running through the neobanking sector

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How e-commerce companies can brave the new retail environment

Even with inflation, and a potential recession on the horizon, now is the time to reach out to existing customers and stick with them through the ups and downs.

How e-commerce companies can brave the new retail environment

Fintech was the hottest thing around last year, a fact that may now turn into a venture capital and startup headache.

What’s a fintech even worth these days?

DX is now emerging from stealth with 5,000 developer teams from companies including Chime and Upwork on board.

DX exits stealth mode looking to help developer teams be more productive

Cathay Innovation is hoping to secure the bag in a new investment partnership with a company that secures crypto assets. The $1.5 billion venture capital firm is entering the crypto…

Crypto startup Ledger teams up with Cathay Innovation to launch $110M sector fund

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: Key Twitter executives depart following Elon Musk ownership deal

Digital banking startup Cogni is joining the ranks of companies hopping on the crypto bandwagon. The mobile-based platform, founded in 2018 out of Barclays’ accelerator program (which is operated by…

New bank, who dis? Lifestyle-focused neobank Cogni pivots to web3

Sleek is developing a browser extension enabling one-click checkout and cash-back savings.

Sleek wants to be the last shopping check-out form you ever fill out

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Intel’s plan to free Mobileye brings welcome IPO heat check

The Mobileye IPO really does matter for the startup market’s largest players, and a host of smaller, less well-known tech startups that would also like to exit, thank you very much.

Intel’s plan to free Mobileye brings welcome IPO heat check

Unless you own many shares of financial technology startups, this will be fun.

Is it time to worry about fintech valuations?

What do Nu’s earnings – and the resulting investor response – mean for Chime and other neobanks on the cusp of pursuing their own public offerings?

Nu shares slump on Q4 results, a canary to still-private fintechs

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Fintech outperformed the market in 2021, and it’s set to do even better

We were bullish on fintech when we launched the Matrix Fintech Index in 2017, but even we underestimated the magnitude of the growth to come.

Fintech outperformed the market in 2021, and it’s set to do even better

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: After clinching $12.3B valuation, Brex hires Meta exec as chief product officer

So now Plaid says it’s a payments company. It was only a matter of time, really.

Potential winners and losers line up as Plaid pushes deeper into payments

In a world where fintech is so hot right now, and investors are being swept up by their excitement for the space, Chime has managed to ride the wave to…

Chime’s Chris Britt and Menlo Ventures’ Shawn Carolan to talk fintech on TechCrunch Live

Venture-backed fintechs raised a record $30.8 billion in the second quarter of this year, up 30% over the same quarter last year. But how are fintech founders spending it all?

Fintech founders can learn a lesson about frugality from these industry leaders
Startups

Men are a niche demographic

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Danny was back, joining Natasha and Alex and Grace and Chris to chat through the week’s…

Men are a niche demographic

“With these self driving cars, it’s only a matter of time before a country song is written about a guy’s truck leaving him.”

Extra Crunch roundup: The Nuro EC-1, early-stage growth tactics, understanding Salesforce+

Understanding why investors are so willing to buy small stakes in dozens of private companies worth billions of dollars is key to grokking the crush of investment we see among…

The hyperactive late-stage market should keep the startup investing game afoot

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that…

Equity Monday: Hacks, IPOs and the next generation of American tech giants

At least a portion of the neobanking world is financially stable enough to consider public offerings.

Neobanks’ moves toward profitability could be the path to public markets

Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million in a Series B round of funding led by Tiger…

Tiger Global leads $34M investment into Unit21, a no-code fraud prevention platform

If you’re a founder who’s getting ready to knock on doors and ask strangers for money, read this first.

Extra Crunch roundup: SaaS founder salaries, break-even neobanks, Google Search tips

Chime might call itself the “fastest-growing fintech in the U.S.,” but it has agreed to stop referring to itself as a “bank,” per a new report out of American Banker.…

Chime has agreed to stop using the word ‘bank’ after a California regulator pushed back

These businesses are fundamentally reimagining their product experience by owning the entire value chain from end to end, thereby creating a step-functionally better experience for consumers.

End-to-end operators are the next generation of consumer business

In an unprecedented work environment defined by distributed teams and virtual-only communication, two co-founders think their 2018 bet reigns truer than ever: mentors need mentorship, too. Christine Tao and Lori…

Sounding Board raises cash as startups wake up to executive coaching

According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion venture fund called Tiger Private Investment Partners…

Exclusive: Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last

Venmo this morning announced it will begin to offer a new check-cashing service, “Cash a Check,” in the Venmo mobile app. The feature, which is being rolled out to select…

Venmo adds a check-cashing feature, waives fees for stimulus checks