Rapyd proposes $100M for its ‘fintech as a service’ API
Introduction The digital payments market is projected to balloon to $3 trillion by 2023. And today, a startup that allows businesses to achieve not just payments, but also many other related services has raised a massive round of funding to meet that requirement. Meet Rapyd...
Tencent manages $10M A funding round in SenSat which will digitize real-world places
If you can digitize all, real-world locations, you would automatically enhance the plan for big infrastructure projects that need buildings, bridges tunnels and the same. Around $94 trillion in infrastructure financing is required by 2040 globally to support global growth predictions. Still, infrastructure is one...
Upgrade, the latest company by Renaud Laplanche, has a new credit card that it states is great for you
Three years before, the founder of LendingClub, Renaud Laplanche, took the covers off his second act; Upgrade A customer lending venture called Upgrade that now hires 350 people. The Story of Upgrade Upgrade has lent about $2 billion to 200,000 people and has raised $142...
Mobile banking app Current raises $20M Series B, covers half a million users
Mobile banking app Current, which started as a teen debit card managed by parents has now extended to offer personal checking accounts earlier this year. A New Round of Investors The company states it has developed to host more than 500,000 accounts on its service...
Walmart and Green Dot’s Tailfin Labs: A New Era in Fintech Acceleration
Introduction Walmart declared an extension of its current relationship with the financial services provider Green Dot, which will remain to serve as the issuing bank and business manager for the Walmart MoneyCard program for added seven years. The two companies also agreed to associate on...
Coinbase is starting a Coinbase Pro mobile app
Introduction Cryptocurrency market company Coinbase is starting a mobile app for its exceptional users today. For now, you can download the Coinbase Pro mobile app on iOS, and the Android version will be coming in soon. Who is Coinbase Pro? Coinbase Pro is the company’s...
Japanese instant-credit provider Paidy allocates $143 million from investors including PayPal Ventures
Paidy is a Japanese financial tech startup that gives instant credit to customers in Japan. It has recently announced that it has accumulated a total of $143 million in new financing. This involves an $83 million Series C expansion from investors, including PayPal Ventures and...
App income scales 23% every year to $21.9B in Q3
Global app income extends to rise, thanks to the increase in mobile gaming and the subscription economy. The Battle Between App Stores During the third quarter of 2019, customer revenue rose 22.9% year-over-year from $17.9 billion to approach an estimated $21.9 billion over both the...
A Fight Brews Between WeWork and SoftBank, As Adam Neumann Faces Pressure to Step Down
According to a new WSJ report, members of WeWork’s board, involving co-founder and CEO Adam Neumann, are preparing to pressure Neumann to step down, and alternatively become We’s, non-executive chairman. The move, states the outlet, would permit him to stay at the company he developed...
Libra states 180 possible replacements for 7 mutineers
Despite high-profile failures from Visa, Stripe, and more, the Facebook-led cryptocurrency Libra Association published that 1,500 organizations have shown interest in joining the Libra project. One hundred eighty of those fit the eligibility qualifications to become members, which can replace the 7 companies that left...
