Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. Hifi founder and CEO Damian Manning announced the …
Carefull lands $16.5M to shield seniors from financial fraud
Carefull, a fintech platform that aims to help banks protect older customers from fraud, scams and “money mistakes,” today announced that it raised $16.5 million …
Orus offers business insurance products to restaurant owners and other small companies
French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium …
Consumer payments startup Braid, backed by Index and Accel, shuts down
Braid, a four-year-old startup that aimed to make shared wallets more mainstream among consumers, has shut down. Founded in January 2019 by Amanda Peyton and …
Here’s how fintech Rainforest, a budding Stripe rival, aims to win over software companies
Rainforest raises $8.5M and PayPal gets hit with a lawsuit. We take a look at this and other hot fintech news from the previous week.
a16z-backed fintech Synapse lays off 40% of its staff
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a …
Rainforest raises $8.5M to help software companies embed financial services, payments
In November 2019, Andreessen Horowitz General Partner Angela Strange famously declared that, “Every company will be a fintech company.” Specifically, Strange projected that — in …
Why we’re seeing so many seed-stage deals in fintech
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange …
Fintech actually has a value system: Here’s how we can reclaim it
One of the big lessons of the social finance backlash is that empowerment without education can do more harm than good.
Series, which aims to replace ERP systems, lands $25M
As companies grow, they create legal entities and organizational structures to support their lines of business — each with their respective governance and compliance needs. …