Fintech Clara launched a high-yield payment account in Brazil as it aims to double down on the South American market.
Twitter/X has been going state-by-state obtaining money transmitter licenses. The social media platform is now approved in 12 states.
No, you did not wake up back in 2021 but there is news this morning of a €285 Million (over $300m) fintech funding round.
Germany-founded but London-based SumUp has closed the massive funding round that is "mostly equity" which tempers our initial enthusiasm somewhat. But even a nine-figure equity round is enough to make the news these days.
Brazilian QI tech tapped $200 million in a landmark Series-B investment deal, one of the largest rounds in Latin America this year.
Much has been written about the looming end to the Apple-Goldman Sachs relationship (we even produced a cartoon about it). And while this is a big deal for Goldman and Apple, the average Apple Card holder likely does not give it a second thought.
Neobank Inter in Brazil has recently reached 30 million customers. Exclusive Q&A interview with CEO João Vitor Menin to discuss strategy.
Yesterday, the OCC issued new guidance for banks, addressing the risks of buy now pay later lending. The guidance focused on the popular "pay in 4" segment of BNPL.
Not surprisingly, the national bank regulator recommended tight oversight of third-party servicers, the importance of transparent loan terms and fraud mitigation.
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The first big fintech event of the year, Fintech Meetup, is less than three months away. It will feature the largest meetings program in the history of fintech.
House Financial Services Committee Chairman Patrick McHenry (R-NC) announced yesterday that he will not be seeking reelection to the North Carolina seat he has held for almost 20 years.
Over the years whether serving as the Committee Chairman or as the Ranking Member, he has been a tireless champion for financial innovation on the House Financial Services Committee.
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After a sharp lending slowdown in 2022, fintechs in Latin America gear up for credit growth next year as rate pressures fade out.