Klarna launches SMB initiative as it expands US presence

Klarna, a Sweden-based ‘buy now, pay later’ (BNPL) provider with global reach, is launching a program to help pandemic-affected U.S. businesses, which includes in-kind media services, and free BNPL offerings.

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Walmart hires Citi cards and lending executive as it shores up internal fintech startup

Walmart has tapped Citi executive Julia Unger as its vice president of financial services. Unger spent more than 18 years at Citi, most recently as head of global cards and unsecured lending.

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Acorns acquires AI-supported debt manager Pillar

In its second acquisition of this year, Fintech Acorns has acquired Pillar, a startup whose toolset functions like a robo-adviser that helps clients pay down their student loan debts. Terms of the deal were not disclosed.

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Plaid could be raising ‘hundreds of millions’ at $13B valuation

Data aggregator Plaid, which earlier this year pulled away from a $5.3B deal to merge with Visa amid a Department of Justice (DOJ) antitrust lawsuit, is in the process of securing further funding at a $13B valuation, a report citing unnamed sources claims.

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Fintech pioneer Mint poised for major upgrade

Mint, one of the first personal finance aggregators, is updating its client experience and adding support for new offerings thanks to parent company Intuit’s Credit Karma acquisition and a new team.

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Announcing SXSW Pitch 2021 Finalists

This year’s SXSW Pitch finalists and alternates feature over 50 interactive technology companies from 8 different categories. These companies will virtually pitch and participate in a 5-minute Q&A with three judges as a part of SXSW Online.

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Arizona Fintech Council creates pathway for non-US innovators to partner with US fintechs

This week, CCG Catalyst Consulting and the Arizona Bankers Association partnered to create the Arizona Fintech Council, an entity that will allow new opportunities for financial institutions and fintechs to work together and build proofs of concept as part of Arizona’s regulatory sandbox.

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Albert, a personal finance automation startup, raises $100M

With 2021 starting off with prospects for the growth of embedded finance, or adding financial services into a range of new use cases (including non-financial ones), the fintech OG – personal finance tech companies – are growing, including Culver City, Calif.-based Albert.

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Plaid launches diversity-focused fintech incubator

This week, data aggregator Plaid launched FinRise, an incubator aimed at early-stage fintech founders from underrepresented (BIPOC) backgrounds.

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With Visa acquisition called off, speculation builds around Plaid’s path to an IPO

Barron’s, citing unnamed industry sources, is reporting that Plaid is exploring avenues to go public in light of the recently-announced termination of an agreement that would allow Visa to acquire the data aggregator for $5.3B.

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With Plaid-Visa merger off, Plaid eyes client growth prospects

On Tuesday, Jan. 12, Visa and Plaid decided to terminate a merger agreement inked nearly a year ago that would allow Visa to acquire the data aggregator for $5.3B.

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Partner Banking Boom Could Be A Boon For New Fintech Startups

Bank partnerships come in all shapes and sizes. In addition to the bulge bracket banks like Goldman, community banks and credit unions are ramping up their partnerships.

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Walmart to launch fintech startup focusing on “next-generation” financial products

Retail giant Walmart announced that it will launch a fintech startup that will offer “innovative and affordable” financial solutions for consumers.

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SoFi to go public via Chamath Palihapitiya SPAC

SoFi, the 10-year-old financial services company that started as a lender and expanded to banking, investing, and mortgages is going public by merging with a special purpose acquisition company (SPAC) associated with investor Chamath Palihapitiya, multiple sources reported.

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