PayPal to acquire Swift Financial to bolster small business lending

August 11, 2017

Global payments handling companionship PayPal announced this morning that it has agreed to acquire Swift Financial, which provides small business owners with investment capital. Terms of the transaction were no longer disclosed, but the acquisition will give PayPal better tools to expand its own Investment capital product. For PayPal, their purchases should bolster a part of the companys business that has seen increased competition over its first year. It first…


Lambda School aims to cash in by upskilling untapped talent

August 8, 2017

As the saying goes, the future is already here its just not very evenly distributed. Also not evenly distributed: Access to the expensive education typically needed to stand a chance of obtaining one of the jobs of the future. Y Combinator backedLambda School is hoping to change this, with a model for funding higher education that aims to shoulder the risk burden on behalf of talented students, absorbing tuition fees…


Visa makes strategic investment in card processing startup Marqeta

July 28, 2017

Since 2010,Marqetahas quietly established itself as the underlying tech provider for businesses that are looking to issue virtual and physical debit and credit cards to employees, partners and customers alike. As it looks to expand internationally and sign up customers around the globe, the company has taken $25 million in strategic investment led by payments heavyweight Visa. Unless youre a fintech geek, youve probably never heard of Marqeta. But its…


Fintech startup Klarna taps Permira for around $250M at $2.5B valuation

July 22, 2017

Klarna, the Swedish startup that works with e-commerce the enterprises and retailers to provide financing and other remittance business, today announced that it has picked up yet another large financing, the work of its third inside of 2 month. Permira, the private equity house and prolific late-stage tech investor, has made a minimum 10 percentage stake in the fintech business. Klarna and Permira are not sanctioning the exact quantity getting…


Mobile savings and investment service Acorns is on track to do 1 billion trades in 2017

July 21, 2017

Acornsis quickly turning into an oak tree in the financial services space. The company now boasts more than 2 million financing accountings( with 600,000 was initiated in 2017 alone) and “re on the right track” to do 1 billion transactions in 2017 through the proprietary broker-dealer that it created. Those are sizable amounts to affix for any financial services busines, especially considering that Fidelity( one of the nations largest coin…


Visa is bribing your favorite restaurants to force you into a cashless future

July 16, 2017

No cash allowed.Image: Epa/REX/Shutterstock The future is cashless especially if Visa has anything to say about it. The credit card and payments company is urging restaurants to stop accepting cash with its new Visa Cashless Challenge, which comes with a $10,000 prize. At Visa, we believe you can be everywhere you want to be, and that it should be easy to pay and be paid in more ways than ever,…


Theres a war brewing in Japan, and the banks should pay attention

June 28, 2017

James Riney is managing partner and head of 500 Startups Japan. More posts by this contributor: Corporate Venture Capital Is King In Japan People often use the term time machine model in Japan. It refers to the lag with Silicon Valley when it comes to startups and innovation. Whenever there is a Silicon Valley darling that raises money from top-tier venture capitalists, there tend to be copycats that emerge locally. This…


Fintonic banks $28M to grow its personal finance management app

June 27, 2017

Spanish startup Fintonic has closed a25 million (~$28M) Series B funding round to expand into new markets in Latin America and continue developing the product. Investors in the round include banking and financial services giant theING Group and insurance group PSN. The personal finance management app is aimed at consumers wanting help managing their money such as getting overviews and alerts about their expenses. Currently Fintonic is available in two…


Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel

June 21, 2017

Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. Founded by Carlo Gualandri, who previously helped create Italys first online bank, Soldo offers a multi-user spending account for businesses that need to…


Final: One credit card account to rule them all

June 21, 2017

A startup calledFinal wants to change the way people use credit cards or rather, the company wants to change the credit card industry to fit consumers lifestyles. With a 1 percent cash-back bonus and no annual fee, Final offers a competitive credit card product, but it really excels in the flexibility it provides in the way consumers can manage virtual cards across multiple vendors. If youre like most of the…