Today, open-source blockchain network Tezos welcomes the release of Yupana.Finance on its platform. Developed by a team of blockchain engineers at Madfish, Yupana.Finance is a decentralized and the first non-custodial lending protocol on Tezos. With this launch, Madfish is providing the […]
With the rise of challenger banks and neobanks, community financial institutions in the United States continue to face existential threats from fintech companies, national banks, and accounting package vendors that are offering a competitive suite of payment solutions to SMBs. Now, […]
With millions of businesses currently operating in the physical universe, the arrival of web 3.0 and the metaverse is expected to usher in a new era of financial infrastructure as merchants look for ways to engage and benefit from accepting […]
The United States is the richest country in the world. Yet, one in eight Americans receives government assistance to buy their weekly groceries, which translates to 42 million Americans who receive food assistance from the government Supplemental Nutrition Assistance Program, also known […]
Global Payments, an Atlanta-based provider of payment technology and software solutions, announced it has reached an agreement to acquire a smaller rival EVO Payments in a deal valued at nearly $4 billion including debt. The announcement comes just a year after Global […]
Virgin Money is jumping into the buy-now, pay-later (BNPL) fray with a new product offering. The UK-based challenger bank announced Tuesday it will enter the BNPL space as the market heats up. The announcement comes just a month after the iPhone giant Apple […]
Last month, crypto exchange FTX bought the now defunct crypto lender BlockFi for $25 million, a 99% discount from its $4.8 billion valuation in July 2021. The acquisition took place a few weeks after BlockFi found itself in deep financial trouble following reports […]
Led by layer-2 scaling solution Polygon and layer-3 infrastructure provider Orbs, DeFi.org launched a special DeFi accelerator program in May 2022. After almost two months, the DeFi.org mentors have revealed the names of the winning projects chosen to spearhead the […]
Gone are the days of small business owners staying in the same physical office, thanks to mobile apps. Today, most small business owners are always on the go. They work in multiple locations, including on the road, throughout the day. […]
A recent survey by the Locomotiva Institute found that 34 million Brazilians do not have access to banking services. Of this number, 6.3 million Brazilians do not have a bank account, while the remaining 17.7 million are underbanked. That was not all, […]
While Southeast Asia’s economy has come a long way over the last decade, more than six out of ten Southeast Asians still remain underbanked or unbanked today. In addition, more than 1 billion people within the region still have no access […]
In 2020, Black mortgage applicants were approved at a rate of less than 80% of White applicants. These approval decisions were made by algorithms. Unfortunately, this is not new. It has been going on for decades. Another report by an online real estate […]
You all probably remember Robinhood, the controversial commission-free stock trading app that blocked Reddit Army from trading Gamestop and AMC stocks back in April 2021. Robinhood also restricted thousands of retail investors from trading Dogecoin. The notorious fintech startup has since lost over 75% […]
In a sign that the Buy Now, Pay Later (BNPL) market is beginning to cool off, Europe’s most valuable fintech startup Klarna announced it has raised a massive $800 million in down round funding at a $6.7 billion valuation, an 85% plunge from $45.6 […]
Just last week, we wrote about some of the challenges faced by European tech startups as regulatory ‘friction’ hampers their growth. The situation is so bad that one in three European startups are now considering launching their business elsewhere due to […]
Creditas, the second biggest fintech startup in Brazil, is buying a bank and a mortgage startup after raising $200 million in new funding from investors. The announcement comes just six months after the SoftBank-backed startup raised $260 million in funding at a valuation […]
Wise (formally TransferWise) is one of the UK’s largest fintech companies with a valuation of $4.8 billion. We covered the unicorn fintech startup back in September 2021 after its Billionaire co-founder and CEO Kristo Kaarmann was fined nearly $500,000 for deliberately not paying […]
SumUp, a London-based fintech startup with over 4 million small businesses worldwide, has raised $620 million (€590 million) in funding. The financing, which is a combination of debt and equity, pushes the company’s valuation to $8.4 billion (€8 billion), a big drop […]
The U.S. construction sector was valued at around $1.36 trillion as of the end of 2020 and was expected to decline further in the next year, according to data from Statista. If you add the interior design industry, the combined […]
The exponential growth of decentralized finance (DeFi) has led to increased demand for liquid staking as billions in liquidity flow to projects into the DeFi space. Investors and users alike love liquid staking because of the potential to generate passive […]
