GreenFi Launches as Climate-Friendly Consumer Finance Brand
GreenFi, a new climate-conscious consumer finance brand, has officially launched following a $17 million funding round and the acquisition of Aspiration’s consumer fintech business by Mission Financial Partners (MFP). The new company is ... Read More
Mastercard Joins $12M Series A in Australian Fintech WeMoney
Mastercard has joined a $12 million Series A funding round in Australian fintech WeMoney, a financial wellness and comparison platform helping users pay down debt and make smarter money choices. The round was led by Laurence ... Read More
Salsa Raises $20M to Scale Embedded Payroll Infrastructure
Salsa, a startup delivering embedded payroll infrastructure, has raised $20 million in a Series A round led by Altos Ventures. The latest round also saw participation from Greycroft, SemperVirens, Definition, and Better Tomorrow Ventures, ... Read More
Toku Raises $48M Series A to Modernize AR in Latin America
Latin American accounts receivable (AR) SaaS platform Toku has secured $48 million in Series A funding to fuel its mission of transforming how businesses in the region manage payment collections. The round was led by Oak HC/FT, with strong ... Read More
Salsa lands $20m for embedded payroll
Embedded payroll infrastructure provider Salsa has raised $20 million in a Series A funding round led by Altos Ventures. Embedded payroll infrastructure provider Salsa has raised $20 million in a Series A funding round led by Altos ... Read More
Latin American AR SaaS platform Toku raises $48m
Latin American accounts receivable SaaS platform Toku has raised $48 million in a Series A funding round led by Oak HC/FT. Latin American accounts receivable SaaS platform Toku has raised $48 million in a Series A funding round led by ... Read More
Discover Ordered to Pay $1.2 Billion in Restitution for Interchange Fee Misclassification
Discover Bank has been hit with a massive $1.2 billion restitution order by the Federal Deposit Insurance Corporation (FDIC) after the regulator found the bank had overcharged merchants on interchange fees for nearly two decades. The ... Read More
Circle Teams with Major Banks to Launch Stablecoin-Powered Swift Alternative
Circle is assembling a formidable banking consortium including Standard Chartered, Deutsche Bank, Société Générale, and Santander to challenge Swift’s dominance in cross-border payments. The new Circle Payments Network (CPN) will ... Read More
Discover hit with $1.2 billion restitution order over interchange fees
The Federal Deposit Insurance Corporation (FDIC) has ordered Discover Bank to return more than $1.2 billion to merchants that were overcharged on swipe fees and pay a $150 million civil money penalty. The Federal Deposit Insurance ... Read More
Circle lines up banking partners for stablecoin-based Swift competitor
Stablecoin platform Circle is working with Standard Chartered, Deutsche Bank, Société Générale and Santander to build a cross-border payment network to rival Swift. Stablecoin platform Circle is working with Standard Chartered, ... Read More