Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says
Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app…
Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche…
This fintech configures expense cards to block misuse — and investors just backed it with millions
A startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of…
Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
AMSTERDAM — The financial technology industry is embracing a new normal — with some industry executives and investors believing the…
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties
A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds…
Affirm buy now, pay later loans will be embedded into Apple Pay later this year
Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the…
Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown
There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are…
Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
AMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and…
Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year
PARIS — Dutch digital bank Bunq is hoping it will manage to secure a banking license from U.K. financial regulators…
Savings app CEO says 85,000 accounts locked in fintech meltdown: ‘We never imagined a scenario like this’
When Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to…
