Startups

Green Dot Expands Uber Venture for Instant Pay to Drivers

Green Dot Expands Uber Venture for Instant Pay to Drivers

by May 5, 2016 at 2:17 pm 0 comments

Prepaid card issuer Green Dot, which announced a partnership with Uber to provide bank accounts to drivers last March, announced an addition to its Instant Pay functionality yesterday. Green Dot sells its own brand of prepaid cards and provides the backend for the Walmart Moneycard. But it is also a bank, and offers full-featuredRead More

Zooz Will Use Its $24 Million for Global Push

Zooz Will Use Its $24 Million for Global Push

by May 3, 2016 at 2:31 pm 0 comments

At a recent event for fintech startups, an investor noted that venture funding for seed and A rounds was growing scarce, while rounds for more-established firms continues apace. Today’s news from Israeli payments startup Zooz resoundingly supports that notion. The company raised some $24 million in a Series C round toRead More

Why Is It So Hard to Scale Fintech Startups? It’s a Secret.

Why Is It So Hard to Scale Fintech Startups? It’s a Secret.

by April 29, 2016 at 12:45 pm 0 comments

Why are fintech startups different from other tech startups? Many people would answer regulations, and that’s certainly part of the story. Banks want fintech to be regulated to level the playing field, and fintech companies want regulation to make working with banks easier. But at the Empire Startups Fintech ConferenceRead More

How to Approach Regulators as a Fintech Startup

How to Approach Regulators as a Fintech Startup

by April 29, 2016 at 12:39 pm 0 comments

Regulators have certainly kept a close eye on fintech upstarts. Last month, the Financial Stability Board (FSB) – comprised of 20 world economies – came together in Tokyo to establish a framework and assess the potential of fintech startups “disrupting” traditional banking. Many startups have learned the rule: Go to them, beforeRead More

Say Hello to Our Spring 2016 Class of Startups

Say Hello to Our Spring 2016 Class of Startups

by April 28, 2016 at 11:00 am 0 comments

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class. The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after aRead More

Signs of a Chill in Fintech Funding?

Signs of a Chill in Fintech Funding?

by April 28, 2016 at 9:55 am 2 comments

Fintech funding is booming. The first quarter of 2016 may have seen no IPOs, but it saw more funding than ever — $5.3 billion, 67% more than the same period last year, according to Accenture. But there are signs a chill may be in the air. At the Empire StartupsRead More

Five Hot Startups from the Empire State

Five Hot Startups from the Empire State

by April 27, 2016 at 12:06 pm 1 comment

Five “hot” startups took the stage yesterday at the Empire Startups Fintech Conference in New York – or, as they referred to it, “A Fintech Shark Tank.” Each startup took the stage for a five-minute demonstration, followed by a Q&A with the moderator, founder of Xignite, Stephane Dubois. Here’s the breakdown ofRead More

Remitly Grabs Cash ($38.5 Million) and Heads to Canada

Remitly Grabs Cash ($38.5 Million) and Heads to Canada

by April 26, 2016 at 12:21 pm 0 comments

Global remittance startup Remitly has a history of helping send money across borders. Now Remitly itself is crossing the border – just a few miles north of its Seattle headquarters. The company announced a successful Series C raise of $38.5 million today, which will help the company set up aRead More

Breaking Banks: Bitcoin’s Big Moment May Come in Asia

Breaking Banks: Bitcoin’s Big Moment May Come in Asia

by April 25, 2016 at 4:47 pm 0 comments

Bitcoin has taken a backseat to the blockchain for at least a year now, but the cryptocurrency isn’t going anywhere. Actually, it’s in Asia, where it may have a more profound impact that is possible in the U.S. or Europe. Guest host Rob Findlay discusses with Marcus Swanepoel of BitX,Read More

Holvi Adds Long-Promised Business MasterCard — But Where’s BBVA?

Holvi Adds Long-Promised Business MasterCard — But Where’s BBVA?

by April 22, 2016 at 11:04 am 0 comments

Finnish banking service Holvi announced in March it was joining the Spanish megabank BBVA, which also acquired Simple, but its digital presence makes no mention of it. Nor was BBVA mentioned in the announcement of Holvi’s long-awaited MasterCard for businesses. The card, which will become available April 26, was first discussed aboutRead More

Top 20 Apps: Farewell to Robinhood and Acorns

Top 20 Apps: Farewell to Robinhood and Acorns

by April 21, 2016 at 11:22 am 0 comments

In the second month of Credit Karma’s dynasty, first of its name, lord of our financial hindsight, some significant shifts in app downloads and usage occurred. PayPal was knocked down to fifth place on iOS, close to mirroring its sixth place home on Google Play. Likewise, Wells Fargo Mobile fellRead More

Conquer the World with GroupStake, WealthVenue and OpenDime

Conquer the World with GroupStake, WealthVenue and OpenDime

by April 20, 2016 at 12:52 pm 0 comments

Last week featured an attractive amalgam of startups varying in their sectors of innovation, but this week we can speak more candidly. Want to rule the world? Do you have a few friends who feel the same way? Follow along and you may extend your future-perfect Legion of Doom’s reach toRead More