Fintech decacorn Plaid is laying off 260 employees, or about 20% of its workforce, the company announced today. While specific details around who exactly was …
FTX marked down Chipper Cash’s $2B valuation to $1.25B
African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX’s bankruptcy, according to documents shared by the Financial Times …
Fintech unicorn valuations have fallen hard in 2022
Fintech was hot in 2021, but looking back on it … maybe too hot? The sector exploded last year, seeing record investment — $132 billion …
Robinhood banks on retirement to slow user attrition
Retail trading app Robinhood is entering the retirement game. The Menlo Park, California-based company today launched a waitlist for its new offering, Robinhood Retirement, which …
SBM Bank India, building BaaS platform, seeks funding at $200 million valuation
The Indian arm of SBM Bank, one of the banks that has aggressively worked with fintech startups in the South Asian market, is engaging with …
When a startup’s founders are pretty much its board
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 …
India’s KreditBee raises $80 million from Azim Premji’s Premji Invest, Motilal Oswal Alternates, among others
The digital loans business in India has been the subject of a lot of controversy, not least for over-predatory and un-transparent practices, yet that’s existed …
X1 gets 50% valuation boost, aims to give consumers a way to buy stocks via credit card reward points
X1, a consumer fintech startup which recently launched an income-based credit card to the public, has raised an additional $15 million in funding. This round …
Spend management platform Teampay expands partnership with Mastercard, raises $47M
In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that …
CRED acquires CreditVidya
CRED is acquiring CreditVidya, a SaaS startup that helps firms underwrite first-time borrowers, in the latest of a series of investments from the Bengaluru-headquartered fintech …