A fiat-to-payments-and-back app is needed for cryptocurrency to fulfill its original backers' vision and provide real-world utility.
Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022.
The generation is turning to mobile devices to manage their money, Olle Lind, founder of Buddy app says, it's logical.
The company now holds the most registrations and licenses of any crypto exchange platform in the European Union.
The fintech investor ecosystem is retreating to 2018 levels, while founding is at a significant low. However, it's not all bad.
Coinbase and Mastercard announced a partnership to offer users more "payment choices" on the upcoming Coinbase NFT platform.
The economy has faced waves of challenges and fintech may be feeling the strain. Plaid investigated customer behaviour within the sector.
Brazil's teenage-focused neobank Z1 received a $10.4 million investment to build new products to cater to young adults as well.
The report found that the traditional playbook of developing branches and building relationships may count "for little in a world where a mobile phone is the principal' real estate', and word-of-mouth – often via social media – becomes the most powerful form of validation."
GreenSky made headlines as the largest fintech IPO of the year in 2018. It was all downhill from there...