Though doubling net revenue in one quarter from $244m total reported revenue in 2020, it was not enough to turn a profit.
Facebook announced last week that their digital payments platform, Novi, is nearly ready to launch across multiple states, having passed regulatory checks. Novi will use a stable cryptocurrency called Diem to launch payments across borders for the 2.7 billion users of the social network.
In this week's LendIt TV session we learned about the state of central bank digital currencies (CBDCs) with experts from the USA, Europe, and China.
Since before bitcoin blew up in 2018, leading financial minds the world over have been researching the implications of institutionally created currencies for use as digital cash, to settle interbank deposits, and for monetary policy development.
Paypal Mafia buy now pay later fintech the talk to the town having snagged the biggest e-commerce market in the world.
Certain customers will be able to use an Affirm pay later option at checkout, Amazon said in a press release.
Launching soon, Nerve joins the family of neobank newcomers — why are so many fintechs and community bank partners trying it out?
Founded after incubating in the Y combinator class of 2019, Jeeves is a cross-boarder card and payments company aiming to slash fees for startups that operate over multiple borders.
As a company founded as completely remote, Jeeves has employees all over the world and understands the issues that come with it.
We started the month with the huge news that Square was acquiring Afterpay and we ended with Amazon’s deal with Affirm.
It seems like every day there is more news coming out of this sector, it is white-hot right now.
Back in June, Plaid CEO Zachary Perret asked simply, "What do you think financial services will be like in 2030?"
The company has tripled its revenue and added new products like the Varo Advance personal credit advance announced in October last year.
The product lets users get small amounts of credit, starting from a feeless $20.
Three embedded finance experts joined the Lendit TV live session on Tuesday afternoon to advise firms looking to onboard Credit Card Offerings.
The embedded finance gig is booming, with everyone from Plaid to Cross River, and giants like Apple, Amazon, Paypal, and Google offering some form of payment option.