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Square’s bank arm launches as fintech aims ‘to operate more nimbly’

TechCrunch

In a statement, Square CFO and executive chairman for Square Financial Services, Amrita Ahuja said that bringing banking capability in house will allow the fintech to “operate more nimbly.”. The trend of fintechs becoming bank continues. Samantha Ku, Chief Operating Officer. Homam Maalouf, Chief Credit Officer.

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Visa takes a swipe in fintech, builds new online marketplace

TechCrunch

The relationships between banks and fintechs are multi-faceted. Well, today, an announcement by global payments giant Visa is aimed at helping facilitate banks and fintechs’ ability to work together. I talked with Terry Angelos, senior vice president and global head of fintech at Visa, to understand just exactly what that means.

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Fintech startup Brex was among the bidders for SVB’s early-stage and growth portfolios

TechCrunch

Every week, we’ll take a look at the hottest fintech news of the previous week. As our fellow fintech enthusiast Alex Johnson pointed out , there was one name that stood out on that list for being “not like the others”: fintech startup Brex. But far less common are fintechs dedicated to serving older members of our society.

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For Fintech, 2024 Was A Year of Hype, Hustle and Hard Truths. What’s Next In 2025?

Crunchbase News

By Katherine Maslova This has been a year of rapid progress and high expectations for the fintech sector. So, despite being a sector with a strong concentration of AI leaders, fintech like 74% of companies across industries struggles to scale value. There’s also been lots of buzz and hard, painful truths learned.

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It turns out fintech is worth as much as SaaS

TechCrunch

Fintech startups are having one hell of a week. The Seattle-based fintech company sold 12,162,777 shares (7,000,000 primary) at $43 apiece. It’s an incredibly bullish set of results for fintech startups; they are worth more than they might have thought, or than their investors previously were willing to pay. Notable.

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Higher interest rates are fostering a fintech comeback story

TechCrunch

While rapidly rising interest rates in the United States have caused more than a few financial institutions to topple , a group of well-known fintech companies are posting signs of a comeback. Consider today’s column a rejoinder to the persistent doom and gloom around fintech these days. billion , up 45% from a year earlier.

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Mexico’s fintech success: How tech is driving the population to banking

TechCrunch

Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. The move comes as Mexico’s fintech ecosystem flourishes so fiercely that traditional banks have to embrace them or risk lagging behind.

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