Fintech

Read the latest news and coverage of fintech, which stands for “financial technology,” focusing on everything from disruptor banks and innovations at established financial institutions to expense management startups, P2P payment services, checkout tools and the technologies that enable them.

Here is a timeline of Synapse’s troubles and the ongoing impact it is having on banking consumers. 

Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened

Uzbekistan’s mobile-only bank TBC Bank Uzbekistan has raised $38.2 million in a fresh funding by its existing shareholders.

Uzbekistan mobile bank TBC raises $38.2M to expand its financial products

Meet Adfin, a new U.K.-based fintech startup that wants to help companies get their invoices paid — whatever it takes. Founded by two fintech experts, the company is starting with…

Adfin wants to fix bill payments for sole traders and small companies

Welcome to TechCrunch Fintech! Last week was a holiday in the United States, so news was a bit lighter than normal. But there was still fintech-related items to report, including…

Should venture capitalists be held accountable when startups screw up?

We’re excited to invite Jesse Pollak to TechCrunch Disrupt 2024 to talk about the future of decentralization.

Jesse Pollak will tell us why Coinbase is launching its own Base blockchain at TechCrunch Disrupt 2024

Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 million equity in a rare deal that becomes one of the largest…

Nala to use $40M Series A to build B2B payments platform, scale remittance services

Featured Article

Investors chase wealth tech startups in India as affluent class grows

The high-net-worth and ultra-high-net-worth segments are booming in India, prompting some wealth management firms to aggressively expand their relationship manager networks to capture this market.

Investors chase wealth tech startups in India as affluent class grows

We’re about four months away from TechCrunch Disrupt 2024, taking place October 28 to 30 in San Francisco! We could not bring you this world-class event without our world-class partners…

Meet Brex, Google Cloud, Aerospace and more at Disrupt 2024

The situation around a data breach that’s affected an ever-growing number of fintech companies has gotten even weirder. Evolve Bank & Trust announced last week that it was hacked and…

Newsletter writer covering Evolve Bank’s data breach says the bank sent him a cease and desist letter

Welcome to TechCrunch Fintech! This week, we’re looking at the Evolve Bank hack, three notable acquisitions, Plaid’s enterprise customer growth and more. To get a roundup of TechCrunch’s biggest and…

Evolve hack fallout continues, fintech M&A heats up and Plaid talks enterprise push

A group of senators has banded together to urge Synapse’s owners and bank and fintech partners to “immediately restore customers’ access to their money.” As part of their demands, the…

Senators urge owners, partners and VC backers of fintech Synapse to restore customers’ access to their money

The news highlights that the fallout from the Evolve data breach on third-party companies — and their customers and users —  is still unclear.

Fintech company Wise says some customers affected by Evolve Bank data breach

Investment app Robinhood is adding more AI features for investors with its acquisition of AI-powered research platform Pluto Capital, Inc. Announced on Monday, the company says that Pluto will allow…

Robinhood snaps up Pluto to add AI tools to its investing app

Plaid’s expansion into being a multi-product company has led to real traction beyond traditional fintech customers.

Plaid, once aimed at mostly fintechs, is growing its enterprise business and now has over 1,000 customers signed on

As a foreigner, navigating health insurance systems can often be difficult. German startup Feather thinks it has a solution and raised €6 million to help some of the 40-plus million…

Feather raises €6M to go Pan-European with its insurance platform for expats

We’re incredibly excited to announce that we’ve added a dedicated Fintech Stage to TechCrunch Disrupt 2024. It joins Space, SaaS and AI as the other industry-focused stages — all under…

Announcing the agenda for the Fintech Stage at TechCrunch Disrupt 2024

Hyperplane focused on allowing banks to train their own models to power tools across their risk, collections and marketing departments.

Nubank acquires AI-for-banks startup Hyperplane

Rainforest, a startup that embeds payment processing into other software platforms, has raised $20 million in Series A funding — less than a year after announcing the close of its…

Rainforest lands $20M to challenge Stripe with embedded payments for SaaS providers

In a push to bolster profits, more airlines are turning to controversial dynamic pricing tech, which prices fares and amenities variably based on a traveler’s willingness to pay for them.

Fetcherr lands $90M to get airlines on board with dynamic pricing

Indian e-commerce giant Flipkart has quietly started rolling out a payments app, dubbed Super.money, as it broadens its fintech ambitions. 

Flipkart Group launches payments app, Super.money, in fintech push

Welcome to TechCrunch Fintech! This week, we’re looking at a Brex exec’s jump to join venture firm a16z, Klarna selling off its payments unit and some mega-raises. To get a roundup…

From Brex exec to venture capitalist

Payabli builds the infrastructure that allows companies, specifically software companies, to embed and facilitate payments through APIs.

Payabli is building payment management tools for software startups

Pennylane, Qonto, Agicap, Pleo and Mollie have one thing in common. They all use Chift in one way or another to manage integrations with other services. And this relatively young…

Chift lets SaaS companies integrate with dozens of financial tools with a unified API

Banking-as-a-service (BaaS) platforms have become instrumental in driving access to digital financial services by introducing fintech capabilities to non-bank businesses. Multiple businesses are tapping these platforms to circumvent the need…

Connect Money scores $8M to enable non-bank businesses to offer embedded finance services

Ali Rathod-Papier has stepped down from her role as global head of compliance at corporate card expense management startup Brex to join venture firm Andreessen Horowitz (a16z) as a partner…

Brex’s compliance head has left the fintech startup to join Andreessen Horowitz as a partner

Gynger, a platform that lends capital to companies for technology purchases, has raised $20 million in a Series A round led by PayPal Ventures, it told TechCrunch exclusively. The financing…

PayPal Ventures leads $20M round into Gynger, which offers companies ‘buy now, pay later’ for technology purchases

The U.S. is facing an accountant shortage. Fewer first-time candidates took the CPA exam in 2022 than in 2006, according to the American Institute of Certified Public Accountants. One possible…

Materia looks to make accountants more efficient with AI 

The global freelancer market, a $1.3 trillion industry fueled by more than 200 million knowledge workers, drives demand for solutions that automate payroll and streamline employment and tax regulations worldwide.…

Cadana, an emerging markets payroll services provider for global hiring platforms, banks $7.1M seed

Hero, a new fintech startup based in Paris, is announcing an €11.3 million all-equity funding round led by Valar Ventures ($12.2 million at today’s exchange rate). For the past couple…

Hero wants to save the day for companies facing a working capital crunch

Four years after acquiring Shine, a French fintech startup that offers bank accounts to freelancers and very small companies, Société Générale has announced plans to sell Shine to Ageras. In…

Société Générale to sell its freelancer challenger bank Shine to Ageras