“Square, Inc. (NYSE: SQ) has entered into a definitive agreement with Credit Karma to acquire its tax business, Credit Karma Tax, on behalf of Cash App, the financial services app that allows individuals to spend, send, store and invest money. Square will pay $50 million in cash for Credit Karma Tax, which provides a free, […]
“Singapore-based neo-banking startup Morus Technologies Pte Ltd ‘StashFin’ has announced the successful completion of Series B Extension equity financing of USD 40 million from a clutch of global investors…Founded in 2016, StashFin offers an innovative Credit Line Card in partnership with VISA that permits customers to access their credit facility with easy monthly installments and zero annual fees. Customers […]
“Senate Banking Committee Chairman Sherrod Brown has spent months advocating for his legislation to offer all consumers free government-backed digital bank accounts available through bank branches and U.S. Postal Service offices. While the proposal has been met with widespread opposition from the banking industry, Brown argues the legislation will not only bring new customers into […]
“Klarna , a leading global retail bank, payments and shopping service, today announced the first group to receive grants from the recently-launched Klarna Small Business Impact Initiative to help SMBs recover from a loss of business due to the pandemic. Recipients will be awarded a portion of $4.5 million in Klarna services, including one year of fee-free […]
“Alibaba Group Holding Ltd. added rival Tencent Holdings Ltd. ’s payment system to some of its apps, further widening cracks in the internet giants’ walled-off ecosystems. Services including food-delivery app Ele.me, online ticketing platform Damai, e-book reader Shuqi and Kaola, a site for imported goods, now offer WeChat Pay alongside existing payment options like Ant […]
“Fetch, America’s No. 1 consumer-rewards app, today announced a new partnership with Mars, Incorporated the maker of some of the world’s most-loved snacks and treats including M&M’S®, SNICKERS®, and SKITTLES®. The partnership will allow Mars to strengthen its relationship with consumers, enhance brand loyalty, and inspire moments of everyday happiness while rewarding shoppers every time they […]
“OnlineCheckWriter.com, a leading B2B payments company, announced today that businesses could make international payments through the platform in any currency of their choice. Users could create wallets funded through different currencies and transact as required. Payers can initiate transactions in any currency of choice, while the payees would be free to accept funds in their preferred […]
“British business is bracing itself for a difficult year ahead, new research from Europe’s leading open banking platform, Tink, has revealed. In a recent survey of UK online retailers, half (50%) said they are worried about how their business will survive the next 12 months, with four in ten (41%) afraid of going bankrupt. As […]
MORNING SESSION #1 - Whew - what a whirlwind! Companies get 7 minutes to demo their products/services before the microphone is cut off. Some very interesting stuff flying by at warp speed (so please excuse the grammar/any typos)! So here goes: Expensify* (PFM,...
“Clair , a social impact embedded fintech startup transforming how hourly employees get paid, today announced a partnership with Mastercard to provide financial wellness for America’s 82 million non-exempt workers , building on the two companies’ shared mission to foster a more inclusive digital economy. Starting immediately, users who sign up for Clair will receive […]
