People are addicted to credit cards — and it’s no wonder, given the lucrative rewards that many of them offer. But for merchants, credit cards …
A lot of fintechs ‘have to fix their business models,’ say VCs who invest in fintech
In recent years, working for, or banking with, a traditional financial institution was decidedly uncool. Far cooler was working for or banking with one of …
India’s PhonePe tops $12 billion valuation in new funding
PhonePe’s valuation has more than doubled to over $12 billion in a new funding round as the Indian fintech giant readies for life without parent …
P2P lending platform PeopleFund raises $20M Series C extension led by Bain Capital
PeopleFund, a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 million Series C. Existing …
So much fintech M&A
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as …
BlackRock acquires minority stake in SMB 401(k) provider Human Interest
Investment giant BlackRock announced Friday it is taking a minority stake in venture-backed fintech startup Human Interest. Terms of the deal were not disclosed. Human …
Backed by Tiger Global, Mayfair emerges from stealth to offer businesses a higher yield on their cash
One startup is banking on the fact that businesses are eager to earn as much interest as possible on their cash. Mayfair is a new …
Stripe’s internal valuation gets cut to $63 billion
Stripe, a richly valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. It is now valued, internally, …
Deel enters equity management space with acquisition of Capbase
Remote payroll startup Deel has acquired fintech Capbase for an undisclosed amount in a cash and stock deal, the companies told TechCrunch exclusively. As its …
Fidelity makes first acquisition in 7 years, snapping up fintech Shoobx
Investment giant Fidelity announced today that it has acquired Shoobx, a venture-backed fintech startup, for an undisclosed amount. Jason Furtado and Stephan Richter founded Boston-based …