FDIC gives Square conditional permission to open a bank
Square is one step closer to launching its bank in 2021 after the Federal Deposit Insurance Corporation (FDIC) board voted to conditionally approve the FinTech’s application for deposit insurance for its Industrial Loan Company bank charter.
Catch up on the 35 big FinTech funding rounds from the last week
Amidst the coronavirus crisis, many FinTech companies have still been able to raise big rounds. Here are 35 of the successful investment stories that...
These 36 FinTech deals from the last week show that the sector is not...
While the downfall of Wirecard may the big story in the FinTech industry, it would be a mistake to not take a closer look at the investment rounds announced in the sector over the past seven days.
Switzerland-based i2 Invest said to close $1.4m in funding round
Switzerland-based i2 Invest has reportedly closed a new funding round on $1.4m to help it launch two funds in Autumn.
Superscript picks up another £8.5m in funding
UK-based Superscript has picked up another £8.5m in a funding round just months after it closed an £8m Series A round.
Biometrics to secure over $3trn in mobile payments by 2025
Biometrics will be used to authenticate over $3trn mobile payments around the world by 2025, according to a new study from Juniper Research
SoftBank-backed True Balance secures $10m debt capital
True Balance scored $10m in debt funding for its non banking financial firm, True Credits.
Clair notches $15m to help gig workers get instant pay advances
New York-based startup that provides instant pay access as a service for human capital management platforms Clair raised $15m in Series A funding.
MPOWER Financing secures $100m equity funding
US FinTech MPOWER Financing has raised $100m from a highly subscribed equity funding raise.
European open banking report reveals huge growth potential for the sector
A report by open banking firm Yolt Technology Services (YTS) has found that up to 40% of banking customers across the continent are not currently using an open banking solution.
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