Category: finance
Ramp is a corporate card focused on helping you spend less
Meet Ramp, a new startup that offers corporate credit cards with 1.5% cashback on everything. The company thinks that a cashback program combined with an analysis of your payments to help you spend less is more valuable than alternative corporate card offerings Ramp is launching publicly today and has raised…
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Reset Button is approaching student debt from a new angle
Student loan debt in the U.S. totals $1.5 trillion, and more than 44 million Americans have outstanding student loan debt. According to research by Jason Iuliano, Villanova law professor, a million student loan debtors have filed for bankruptcy in the past five years. However, 99.9 percent of them did not…
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Mastercard given approval to prepare for entry into China’s payments market
After years of unsuccessful attempts to enter China’s massive $27 trillion payments market, Mastercard announced today it has won approval from the People’s Bank of China (PBOC) to begin formal preparation to set up a bank card clearing institution in China. The news is a significant step toward Mastercard being…
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Recommendations for fintech startups navigating the procurement process
Marc Gilman Contributor Marc Gilman is general counsel and VP of compliance at Theta Lake. He is also an adjunct professor at Fordham University School of Law. The expanding scope of fintech has been well documented in these digital pages. Payments, investing, financial planning and lending often spring to mind…
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Shrunken unicorn Fair cancels car leasing to Uber drivers
When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just a week later, Painter was removed and replaced in the interim with Adam Hieber, a CFA from Fair investor SoftBank. Today, according to two sources, Fair…
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TLcom Capital closes $71M Africa fund with plans to back 12 startups
VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next 18 months. The group — with offices in London, Lagos, and Nairobi — is looking for tech enabled, revenue driven ventures in Africa from seed-stage…
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