Category: debit card
Extra Crunch roundup: Cohort analysis, YC Demo Day recaps, building your supply chain
The ongoing fintech revolution continues to level the playing field where legacy companies have historically dominated startups. To compete with retail banks, many newcomers are offering customers credit and debit cards; developer-friendly APIs make issuance relatively easy, and tools for managing processes like KYC are available off the shelf. To…
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Privacy.com rebrands to Lithic, raises $43M for virtual payment cards
When Privacy.com was founded in 2014, the company’s focus was to let anyone generate virtual and disposable payment card numbers for free. The goal was to allow those users to keep users’ actual credit card numbers safe while allowing the option to cut off companies from their bank accounts. In…
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Avant doubles down on digital banking with Zero Financial acquisition
Avant, an online lender that has raised over $600 million in equity, announced today that it has acquired Zero Financial and its neobank brand, Level, to further its mission of becoming a digital bank for the masses. Founded in 2012, Chicago-based Avant started out primarily as an online lender targeting…
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Credit-and-collect fintech start-up Diem raises $5.5M Seed led by Fasanara Capital
Diem, a London, UK-based fintech start-up has raised a seed round of $5.5 million led by Fasanara Capital, and Angel investor Chris Adelsbach, founder of Outrun Ventures. Additional investors include Andrea Molteni (early investor in Farfetch), Ben Demiri (co-chairman at fashion tech PlatformE) and Nicholas Kirkwood (founder of the eponymous…
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Samsung Money is a debit card tied to Samsung Pay
Samsung didn’t wait long to unveil its take on a debit card. The tech giant has introduced Samsung Money, a SoFi-powered “money management experience” that combines a Mastercard debit card with a cash management account. Not surprisingly, it integrat… Source
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Aspiration, the LA-based fintech focused on conscious consumerism, raises $135 million
When former Bill Clinton speechwriter and political wunderkind Andrei Cherny launched Aspiration four years ago, the upstart fintech startup was one of Los Angeles’ early entrants into a financial services market dominated by players from Europe and the financial capital of the U.S. in New York City. Fast forward four…
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