In June of last year, Robinhood announced it was acquiring the credit card startup X1.
Today, we learned about the fruits of that transaction: a new Gold Card from Robinhood.
Bloomberg reported on Friday that Chime is planning a 2025 IPO, according to "a person familiar with the matter."
Chime is the largest consumer-facing fintech in the country and this blockbuster IPO has been anticipated ever since their massive 2021 funding round that valued the firm at $25 billion.
During the height of the 2021-22 fintech VC boom, no sector was hotter than spend management.
Companies like Brex, Ramp and Navan all raised massive rounds at multi-billion dollar valuations. While the category has cooled off, like most areas of fintech, it is still attracting capital from some big names in venture capital.
BNPL is showing no signs of slowing down. Consumers love this fintech innovation and now everyone seems to want in on the action.
TransUnion, one of the big three credit bureaus, has launched a new data analytics platform called OneTru.
The new platform will offer banks and fintechs AI and ML tools for addressing a variety of credit, anti-fraud and marketing needs.
There are big changes coming to the world of interchange. Today, in a historic settlement, Visa and Mastercard have agreed to cap card interchange fees as they seek to end a legal fight that has spanned almost two decades.
Yesterday, there was a lot of talk about the Department of Justice’s anti-trust lawsuit against Apple.
Simon Taylor called it the “biggest thing in fintech since Visa/Plaid.” American Banker gave us a history of the battles between banks and Apple over the years. And TechCrunch had no less than six articles covering this development.
The world's largest asset manager continues to embrace crypto.
Yesterday, it was revealed (here is the SEC filing) that BlackRock has created a fund called the BlackRock USD Institutional Digital Liquidity Fund that will be launched in partnership with Securitize.
When I first chatted with Mike Cagney back in 2011, when he was CEO of SoFi, it was clear he had big goals.
His second act in fintech, Figure, quickly became a leader in home equity lending with all loans originated and processed through blockchain technology.
Fintech Nexus Newsletter (March 14, 2024): Two fintechs are thriving one year on from the SVB crisis
This week marks one year since many fintechs thought their world was ending.
Almost every venture-backed fintech company banked with Silicon Valley Bank and for three harrowing days last March, many wondered if all their non-FDIC-insured money sitting at Silicon Valley Bank would be safe.