Weekly Wrap: Varo is a bank and a big week for payments startups
Varo Money officially announced today it is shedding the “banking startup” title, as the company has finally received its banking ...
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PayPal touts QR codes for Venmo monetization strategy
PayPal is confident the rollout of its Venmo QR codes can help monetize the peer-to-peer payments network. During the company’s ...
Investors inject $400M into payments startups TransferWise and Remitly
It’s been a big week for startup funding in the payments space, with Remitly and TransferWise both announcing big funding ...
OnDeck’s low price tag may signal problems for fintech lenders
This year continues to see major fintech acquisitions. Enova International announced yesterday it will acquire the small business lending fintech ...
Zelle users have sent $133B so far this year
Early Warning Services, the network operator behind Zelle, announced today that users have sent $133 billion on 519 million transactions ...
Acrisure buys Tulco’s AI insurance business in $400 million deal
Acrisure LLC, an insurance brokerage, agreed to purchase an artificial-intelligence business from Tulco LLC in a transaction valued at $400 ...
Can banks win consumer trust with eco-friendly tech?
Digital banking is going green to win over environmentally conscious consumers. “In recent history, most of the ways sustainable finance ...
Consumers flock to online investing during pandemic
Consumers are not shying away from online investing despite the market uncertainty caused by the COVID-19 pandemic. According to DriveWealth’s ...
AmEx: No debit card plans despite Venmo integration
Don’t expect American Express to launch a debit card anytime in the immediate future. During the card company’s second-quarter earnings ...
Credit Suisse invested $100 million in Ant, expects windfall
Credit Suisse Group AG invested nearly $100 million in Ant Group during its last funding round, according to people familiar ...
