Tag: Fintech
Revolut raises $500 million at $5.5 billion valuation
Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years, Revolut has raised $836 million in total. Some existing investors are also participating in today’s funding round, but Revolut isn’t…
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The Plaid “mafia” begins with John Whitfield joining student loan fintech startup Summer
So far this year, one of the most eye-popping startup exits has been Visa’s $5.3 billion acquisition of fintech data services platform Plaid. It’s a major exit in the white-hot fintech space, and while that transaction is still going through regulatory reviews, already some current Plaid employees are becoming alumni…
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Level launches a mobile banking app offering 1% cash back on debit purchases, 2.10% APY
A number of startups are taking on big banks with new apps that offer modern, mobile banking experiences, innovative features, and reduced or even zero fees. Entering this now-crowded market is Level, a challenger bank and banking app with advantages like 1% cash back on debit card purchases, 2.1% APY…
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Fintech VC sets records in Q4 despite early-stage slowdown
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Fintech is what you hear about constantly, but probably aren’t as read up on as you’d like to be. Neither am I. Luckily we have a new report concerning fintech…
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Coinbase becomes a Visa Principal Member to double down on debit card
Cryptocurrency company has been working with Paysafe to issue the Coinbase Card, a Visa debit card that works with your Coinbase account balance. The company is now a Visa Principal Member, which should help Coinbase rely less on Paysafe and control a bigger chunk of the card payment stack. Coinbase…
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Meet Belvo, a YC-backed startup building a financial API for Latin America
In the wake of the $5.3 billion sale of banking API provider Plaid to Visa — a deal generally lauded as intelligent for the larger company — fintech became an even hotter part of the venture capital and startup landscape. While companies in the broad fintech and finservices spaces were…
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