Hot inflation and a tougher climate for startups is giving BNPL firms a new opportunity with new risks.
Six years after Goldman launched its digital bank Marcus, we review how it’s faring and what its future could look like.
AtoB, Super Payments, and Pomelo each recently raised funding to build out their businesses.
Though they don’t explicitly name crypto firms, they provide an avenue—but no guarantee—for access.
Affirm and Splitit struck partnerships to shore up growth as market uncertainty takes a toll on the BNPL sector.
For years, small banks have handled deposits for large crypto firms. Their experience offers lessons to big banks that now want in.
Max Levchin said the company’s underwriting process and business model would help it withstand a financial downturn.
US banking digital ad spend will hit $13.54 billion in 2022, up 20.4% year over year. Growth was even faster in 2021, when banks anticipated an upswing in consumer spend. In the coming years, growth will decelerate but remain in the double digits.
This matchup, along with Western Union’s recent deals, brings new financial opportunities in places they’ve never been before.
The card network is said to have started automatically enrolling merchants in its BNPL program. But some providers have financial concerns and have opted out.
Influencer marketing has a disclosure problem: The Crypto market in particular has seen top creators push what turned out to be scams, costing followers millions.
Banks have asked for the head seat at the table regarding crypto regulations—but just days later, lawmakers want to claw back the few capabilities they already have.
Marqeta reported a 53% YoY increase in total processing volume in Q2. Outgoing CEO Jason Gardner outlined growth plans for H2.
More than anything else, cash-back credit card customers want security and control. Free identity theft insurance and Social Security number monitoring are by far the most valued features among potential users of these cards in the US. These consumers also look for ease of earning and redeeming rewards.
Oscar Health halts new deals on IT platform for 18 months: Oscar hit a snag with its Health First deal and is directing focus there. Its insurtech peers face troubles, too.
The VC’s $100M fund for early-stage startups in the Latino community is the latest in a growing number of niche-focused funding rounds.
Payments firms may see this as an opportunity to snap up companies, which may help boost business efficiency.
Fintech companies worldwide garnered $50.7 billion in funding during H1 2022, down nearly 23% year over year. Still, this sum is already higher than 2020’s total of $49.5 billion, indicating a greater trend of increased funding.
The number of financial services deals declined 31% compared to Q1.