FinTech

Digital payments alone could become a $100 trillion industry, according to PwC. And that’s just one component of the global Fintech industry. This channel tackles the lenders and buyers, the obstacles and achievements, and the trends and trend makers leading the ongoing technological evolution in global finance.

Top Story

FinTech: Brex, Which Raised $150M Last Month, Lays Off 14% Of Workers

In a blog post on Friday, Brex co-founders Henrique Dubugras and Pedro Franceschi announced the company was laying-off 62 workers. They attributed the decision to a re-orientation of the company’s products required due to the impact of COVID-19 on its customers.

Read more

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

https://dailyalts.com/wp-content/uploads/2020/06/mockup-5215866_640.jpg
FinTech: Brex, Which Raised $150M Last Month, Lays Off 14% Of Workers
June 1, 2020

In a blog post on Friday, Brex co-founders Henrique Dubugras and Pedro Franceschi announced the company was laying-off 62 workers. They attributed the decision to a re-orientation of the company’s…

https://dailyalts.com/wp-content/uploads/2020/05/Prupay-combined.jpg
FinTech: PruPay and PayPal Working on Text-based, Contactless Payments
May 29, 2020

PruPay is a specialty fintech company that provides easy payment solutions for merchants and consumers. The U.S.-based company announced Thursday its collaboration with PayPal (NASDAQ: PYPL) for the launch of…

https://dailyalts.com/wp-content/uploads/2020/05/Stripe-conference-room-in-San-Francisco-1024x724-1.jpg
FinTech: Stripe Adds Five More Countries to Its European Market
May 28, 2020

Stripe, the San-Francisco headquartered online payment platform provider, announced its official launch in the European countries of Czech Republic, Romania, Bulgaria, Cyprus, and Malta. The COVID-19 crisis has placed a…

https://dailyalts.com/wp-content/uploads/2020/05/screenshot-www.wealthfront.com-2020.05.27-17_25_18.png
FinTech: Legacy Banks to Compress 5 Years of Digitization Into 12 Months – Wealthfront
May 27, 2020

Dan Carroll, founder and Chief Strategy Officer of legacy fintech Wealthfront is candid that the traditional banking industry stood exposed when the COVID-19 outbreak hit. Banks had to shut down…

https://dailyalts.com/wp-content/uploads/2020/05/UBS_sign.png
FinTech: Swiss Banking Giant UBS Homes in on Fintech Investing
May 26, 2020

Swiss banking giant UBS Group AG (NYSE: UBS) is planning to invest hundreds of millions of dollars in upstart fintechs through a proposed corporate venture capital fund. According to a…

https://dailyalts.com/wp-content/uploads/2020/05/visa-2623015_640.png
Fintech: Visa Enters an Investment and Strategic Partnership with GoodData
May 22, 2020

Global analytics firm GoodData announced it had received an investment from Visa Ventures, the corporate venture investment division of payments giant Visa (NYSE: V). GoodData also said the two companies…

https://dailyalts.com/wp-content/uploads/2020/05/Geidea-go_Woman.jpg
FinTech: Saudi Fintech Geidea Launches Beta Testing of End-to-End Solutions for SMEs
May 21, 2020

Geidea achieved the distinction of being the first fintech company to obtain a payment license from the Saudi Arabian Monetary Authority. As a payments processor, it can now operate in…

https://dailyalts.com/wp-content/uploads/2020/05/screenshot-brex.com-2020.05.21-06_05_10.png
Venture Capital: Brex, the Credit Card Provider for Startups, Raises $150M
May 21, 2020

Brex, the fintech which sells credit cards to startups, eCommerce companies, and life sciences companies, raised $150 million from Lone Pine Capital and a group of existing investors led by…

https://dailyalts.com/wp-content/uploads/2020/05/airport-2373727_640.jpg
Venture Capital: British Startup Offers Travel Jaunts on the Never-Never
May 21, 2020

British fintech startup Fly No Pay Later’s innovative and quite literally “grab your bags and go” product allows travelers to pay for their trip over up to 12 months. Once…

https://dailyalts.com/wp-content/uploads/2020/05/christmas-stollen-2790160_640-raisin-saas.jpg
FinTech: Berlin-based Raisin Launches “Savings-as-a-Service” in the U.S.
May 20, 2020

Banks and credit unions in the U.S., eyeing the sharp rise in the deposits market following stock market turmoil, can use Raisin’s Savings-as-a-Service. The software is a tailored business solution…

Scroll to Top