January 9, 2024 @ 5:00 pm By Omar Faridi  |  

Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced that Credit Karma members and QuickBooks Online customers “can prepare and file their 2023 taxes through TurboTax within the Credit Karma and QuickBooks Online product experiences.”… Read More

 Tagged credit karma, intuit, intuit turbotax, mailchimp, quickbooks, taxes

January 9, 2024 @ 4:58 pm By Omar Faridi  |  

Early stage venture capital firm Exponent Founders Capital launched and disclosed it has raised $125M to date, including a new $75M Fund II vehicle that will be deployed across promising inception and early stage companies spanning enterprise software, fintech and payments, infrastructure, applied AI, and… Read More

 Tagged Charley Ma, Exponent Founders Capital, Mahdi Raza

January 9, 2024 @ 2:37 pm By JD Alois  |  

X, formerly doing business as Twitter, has announced it will launch peer-to-peer payments in 2024 fulfilling an already revealed goal of the platform. In a blog post, X outlined its accomplishments and changes since Elon Musk took over the faltering social media platform.  X said… Read More

 Tagged elon musk, payments, transfers, twitter, x

January 9, 2024 @ 1:26 pm By Omar Faridi  |  

Henry Ward, the CEO at Carta, says that the firm should no longer facilitate secondary trading of private securities. Secondary transactions for private securities is an emerging sector of Fintech that provides shareholders with an alternative to an M&A or IPO event to exit an… Read More

 Tagged carta, secondary trading, startups

January 9, 2024 @ 8:43 am By Omar Faridi  |  

Since the COVID-19 pandemic accelerated the transition to online banking, UK individuals are visiting their local bank branches less often and less frequently. Research courtesy of KPMG indicates that 21% of UK consumers haven’t visited a bank branch in the last year, up from 14%… Read More

 Tagged covid-19, digital banking, kpmg, research, uk, united kingdom

January 9, 2024 @ 8:14 am By Omar Faridi  |  

Financing a new business can be one of the biggest hurdles entrepreneurs face, according to an update shared by UK’s Starling Bank. Some 85% of UK startups launched in the last three years “have relied on the founder’s personal capital as the initial source of… Read More

 Tagged banking, europe, financing, fintech adoption, fintech trends, funding, insights, research, Research Study, starling, starling bank, startups, uk, united kingdom

January 8, 2024 @ 11:22 pm By JD Alois  |  

The Financial Technology Association (FTA) has posted a comment letter criticizing the Consumer Financial Protection Bureau (CFPB) and a proposed rule on digital payments. The FTA represents the interests of big Fintech firms like Stripe, Wise, Block, and others. The CFPB announced the proposed rule… Read More

 Tagged cfpb, consumer financial protection bureau, financial technology association, fta, payments, penny lee

January 8, 2024 @ 10:31 pm By Omar Faridi  |  

CME Group, which claims to be one of the leading derivatives marketplaces, reported its full-year, Q4 and December 2023 market statistics, “showing it reached a record average daily volume (ADV) of 24.4 million contracts during the year, an increase of 5% over 2022.” Q4 ADV… Read More

 Tagged cme, cme group

January 8, 2024 @ 7:10 pm By Michael Wong  |  

The Fintech sector in India experienced a significant decrease in funding in 2023, securing only $2 billion, a sharp decline of 63% and 76% from 2022 and 2021, respectively, according to a report by Tracxn. In comparison, the sector raised $5.4 billion in 2022 and… Read More

 Tagged india, tracxn, venture capital

January 8, 2024 @ 7:08 pm By Omar Faridi  |  

Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise. The investment round was reportedly “led exclusively by Global Ventures – MENA’s venture capital firm – which joins existing venture capital investors Rockstart (Amsterdam)… Read More

 Tagged maalexi, mena, middle east, sme's, uae, united arab emirates