Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later …
Bloom Money raises £1M to digitize finance for ethnic communities
Bloom Money, a U.K.-based fintech, has raised £1 million to digitize an informal financial management system employed by ethnic communities across the world. Often referred …
Shopify expands into credit cards as it pushes further into the fintech space
Shopify has entered the credit card game. The commerce giant announced today that it is offering Shopify Credit, a business credit card designed exclusively for …
Jeeves hits over $40M in annualized revenue as it expands beyond corporate credit cards
In September of 2021, Jeeves began offering corporate credit cards as its primary product — with a primary focus on Latin America — after participating …
FedNow may finally be live, but will it be too costly for businesses to adopt?
Welcome to The Interchange! If you want this in your inbox, sign up here. It was an event-filled week in the fintech world, what with …
FedNow is finally live in the US
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 …