The U.S. government’s instant payment system, FedNow Service, went live this week. Here’s a quick refresher on what that is: FedNow is an instant payment …
Q2 fintech funding: LatAm, Caribbean more than doubles while payments takes a big hit
CB Insights released its Q2 State of Fintech report last week, and unsurprisingly, global funding in the space was down — plunging by nearly half …
Fintech valuations have fallen. Where do they go from here?
With the market having changed dramatically since the heyday of 2021’s venture funding boom, fintech valuations have largely shifted accordingly. With only a few exceptions, …
Karat, a startup building financial tools for content creators, raises $70M
Despite earning six-to-seven-figure-a-year incomes, many content creators are denied the capital they need to expand their businesses. The reasons vary, but most are relatively young …
What’s going on with Greenwood and The Gathering Spot?
When Greenwood, a neobank that courts Black and Latino customers, acquired The Gathering Spot last year — a networking and coworking club that targets similar …
Runway lands $27.5M to streamline financial planning for businesses
Siqi Chen, the former president of Sandbox VR, the brick-and-mortar VR experience franchise, didn’t always have a strong grasp of finance. And it’s something he …
The fintech funding slump, by the numbers
Welcome back to The Interchange! If you want this in your inbox, sign up here. When it came to fintech news, we saw a pretty sluggish first …
QED leads $7M round into startup that offers financing to SaaS businesses across US-South Asia corridor
There are a number of companies in the U.S. that offer revenue-based financing to SaaS companies, including Capchase, Pipe, Founderpath and Arc. But the options …
Pipe co-founder raises $6M for CapStack, a bank-to-bank marketplace aimed at ‘de-riskifying portfolios’
CapStack, a startup formed by Pipe co-founder Michal Cieplinski, has raised $6 million toward its effort to build an integrated operating system for banks. In …
Defacto gets new credit facility to provide instant financing to small companies
French startup Defacto has closed a new securitization fund that will be used to provide short-term loans to small and medium enterprises via an embedded, …