January 30, 2024 @ 4:10 pm By JD Alois  |  

PayPal (NASDAQ:PYPL), a top payments Fintech that also includes Venmo, is letting go around 9% of its workforce or approximately 2500 individuals according to multiple reports. CNBC said that PayPal CEO Alex Criss distributed an internal memo indicating the exits will take place throughout the… Read More

 Tagged alex criss, block, employment, jack dorsey, payments, paypal

January 30, 2024 @ 2:53 pm By JD Alois  |  

SellersFi (formerly SellersFunding) is reporting that it has inked a deal to provide credit on the Amazon (NASDAQ:AMZN) marketplace. According to the Fintech, eligible Amazon sellers will be able to tap into a credit line of up to $10 million via Amazon Lending. Ricardo Pero,… Read More

 Tagged amazon, leonardo felisberto, online lending, ricardo pero, sellerfi, tai koottatep

January 30, 2024 @ 2:08 pm By Omar Faridi  |  

Grasshopper, the digital bank built for the business and innovation economy, announced it closed 2023 with strong revenue growth and marked milestones across multiple channels, including significant growth “in new client onboarding, on-going enhancements to the client experience, new products, and the continued commitment to… Read More

 Tagged banking, digital bank, grasshopper

January 30, 2024 @ 1:25 pm By Omar Faridi  |  

Bluevine, the one-stop digital banking platform specifically designed for small businesses,  announced a new partnership with Allpoint to “provide more convenient ATM cash deposit access to its customers through 1,500 Allpoint+ enabled ATMs.” Combining the new Allpoint partnership with participating Green Dot retailers, small business… Read More

 Tagged allpoint, atms, banking, bluevine, digital bank, eyal lifshitz, small businesses, smbs, sme's

January 30, 2024 @ 12:12 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK) announced the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities. This marks another innovative solution designed “to make money work more smoothly for… Read More

 Tagged bny mellon, cash management solution, financial services, reporting capabilities, united states, us, virtual accounts

January 30, 2024 @ 11:23 am By Omar Faridi  |  

Grupo Financiero Banorte, one of Mexico’s largest financial firms, has introduced bineo, a virtual bank that will provide savings accounts as well as personal loans with the goal of onboarding 2.8 million new customers in the upcoming 5 years. Banco Banorte, which is reportedly owned… Read More

 Tagged banking, bineo, digital bank, digital financial services, grupo financiero banorte, latam, latin america, mexico

January 30, 2024 @ 9:39 am By JD Alois  |  

As was previously announced, Neobank Dave (Nasdaq: DAVE) has repurchased a convertible note that was held by FTX Ventures, the VC arm of FTX, initially funded with $2 billion. In a public statement Dave noted the original principle amount was $100 million with a purchase… Read More

 Tagged dave, ftx ventures, jason wilk, neobank

January 30, 2024 @ 8:38 am By JD Alois  |  

As Lithuania explains, only a short time ago few people knew about the country – much less where it is located. Today, Lithuania punches above its weight class when it comes to attracting innovative young firms – including many Fintechs. According Invest Lithuania and its… Read More

 Tagged EU, european union, invest lithuania, lithuania

January 30, 2024 @ 7:56 am By Omar Faridi  |  

Stephen Pair, co-founder and CEO of BitPay, recently shared his views and insights with Crowdfund Insider. Stephen Pair from Bitpay talked about the current state of crypto adoption and how the financial services sector can be enhanced with digital currency transactions. Stephen also talked about… Read More

 Tagged bitcoin, bitpay, digital currency, interview, payments, perspective, stephen pair

January 30, 2024 @ 7:47 am By Omar Faridi  |  

The Prince’s Trust NatWest Youth Index 2024, released recently, finds half (49 per cent) of 16–25-year-olds in the UK think the cost of living crisis has had a worse impact on their life than the pandemic. As noted by the Natwest Group, it shows young… Read More

 Tagged cost of living crisis, covid-19, natwest, survey, uk, united kingdom