Revolut riles former staffers by charging them a fee to cash in shares

Revolut riles former staffers by charging them a fee to cash in shares

Revolut, a London-based digital banking fintech worth $33B, is facing blowback over a 2.75% surcharge levied on former employees who will participate in an upcoming secondary share sale.

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TransUnion to acquire Neustar in $3.1B deal

TransUnion to acquire Neustar in $3.1B deal

Credit reporting company TransUnion announced plans to acquire Neustar, a Virginia-based company that offers real-time business information and analysis tools that help businesses find new customers and determine which ads should serve them.

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Walgreens launches financial wellness offering

Walgreens launches financial wellness offering

If Walmart’s fintech offering will be called Hazel, then Walgreens is going Scarlet. The pharmacy chain this week launched a bank account, debit card and personal finance planning tools under the Scarlet brand name.

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Acorns partners with Cricket Wireless to incentivize saving and investing

Acorns partners with Cricket Wireless to incentivize saving and investing

Popular investing, savings and personal finance app Acorns is partnering with Cricket Wireless in a bid to encourage customers to save while paying their phone bills.

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MoneyLion aims for ‘super app’ strategy as it navigates regulatory hurdles

MoneyLion aims for ‘super app’ strategy as it navigates regulatory hurdles

Fintech MoneyLion, which began as a lending and personal-finance platform and more recently added banking and investing, is pursuing a financial “super app” strategy to grow its customer base.

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Survey Says! 3 Important benefits of free data for early-stage fintechs

Survey Says! 3 Important benefits of free data for early-stage fintechs

A 2018 by Medici report provides anecdotal evidence of a 10% survival rate for bootstrapped fintech startups.

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Visa to buy Swedish open banking startup Tink for $2B

Visa to buy Swedish open banking startup Tink for $2B

Five months after U.S. regulators scuttled Visa’s Plaid acquisition, the payments giant announced it’s planning to acquire open banking startup Tink, which was established in 2012.

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Fifth Third Bank to acquire Provide, a fintech focused on health care practices

Fifth Third Bank to acquire Provide, a fintech focused on health care practices

Cincinnati-based Fifth Third Bank will acquire Provide, an 8-year-old startup that focuses on building financial products that make starting and running a healthcare practice easy, including practice lending, business bank accounts, and insurance. Terms of the deal were not disclosed.

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Cross River Bank sets up venture capital arm

Cross River Bank sets up venture capital arm

Cross River Bank, the New Jersey-based bank behind fintechs like Affirm, Upgrade, and Upstart, announced that it created its own venture capital arm to invest in companies that “sit at the intersection of lending, payments, investing and fintech.”

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Credit Sesame acquires fintech software company Zingo as it expands capabilities

Credit Sesame acquires fintech software company Zingo as it expands capabilities

Credit Sesame, a credit monitoring and personal finance management platform, announced that it acquired Zingo, a software firm whose toolset allows its customers to boost their credit scores by adding rent payments.

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Recurring revenue trading platform Pipe raises whopping $250M

Recurring revenue trading platform Pipe raises whopping $250M

Pipe, a Miami-based company that lets companies sell their recurring revenue streams on its platform, raised $250M, bringing its valuation to $2B a year after its launch.

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SoFi to trade on Nasdaq under ticker “SOFI”

SoFi to trade on Nasdaq under ticker “SOFI”

Social Capital Hedosophia Holdings Corp. V (IPOE), the Chamath Palihapitiya-linked special-purpose acquisition company, has outlined next steps for its merger with SoFi, a deal that will take the 10-year-old fintech public.

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Questions loom about payroll data provider Argyle’s motives to pay users for login details

Questions loom about payroll data provider Argyle’s motives to pay users for login details

Argyle, a fintech startup that aspires to become the “Plaid for employment records” by offering consumers capabilities to grant permission to access their payroll data, is being scrutinized over its motives to collect payroll data and offering to pay consumers for access to login information.

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Klarna launches SMB initiative as it expands US presence

Klarna launches SMB initiative as it expands US presence

Klarna, a Sweden-based ‘buy now, pay later’ (BNPL) provider with global reach, is launching a program to help pandemic-affected U.S. businesses, which includes in-kind media services, and free BNPL offerings.

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Walmart hires Citi cards and lending executive as it shores up internal fintech startup

Walmart hires Citi cards and lending executive as it shores up internal fintech startup

Walmart has tapped Citi executive Julia Unger as its vice president of financial services. Unger spent more than 18 years at Citi, most recently as head of global cards and unsecured lending.

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