Visa to buy Swedish open banking startup Tink for $2B

Visa to buy Swedish open banking startup Tink for $2B

Five months after U.S. regulators scuttled Visa’s Plaid acquisition, the payments giant announced it’s planning to acquire open banking startup Tink, which was established in 2012.

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Fifth Third Bank to acquire Provide, a fintech focused on health care practices

Fifth Third Bank to acquire Provide, a fintech focused on health care practices

Cincinnati-based Fifth Third Bank will acquire Provide, an 8-year-old startup that focuses on building financial products that make starting and running a healthcare practice easy, including practice lending, business bank accounts, and insurance. Terms of the deal were not disclosed.

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Cross River Bank sets up venture capital arm

Cross River Bank sets up venture capital arm

Cross River Bank, the New Jersey-based bank behind fintechs like Affirm, Upgrade, and Upstart, announced that it created its own venture capital arm to invest in companies that “sit at the intersection of lending, payments, investing and fintech.”

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Credit Sesame acquires fintech software company Zingo as it expands capabilities

Credit Sesame acquires fintech software company Zingo as it expands capabilities

Credit Sesame, a credit monitoring and personal finance management platform, announced that it acquired Zingo, a software firm whose toolset allows its customers to boost their credit scores by adding rent payments.

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Recurring revenue trading platform Pipe raises whopping $250M

Recurring revenue trading platform Pipe raises whopping $250M

Pipe, a Miami-based company that lets companies sell their recurring revenue streams on its platform, raised $250M, bringing its valuation to $2B a year after its launch.

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SoFi to trade on Nasdaq under ticker “SOFI”

SoFi to trade on Nasdaq under ticker “SOFI”

Social Capital Hedosophia Holdings Corp. V (IPOE), the Chamath Palihapitiya-linked special-purpose acquisition company, has outlined next steps for its merger with SoFi, a deal that will take the 10-year-old fintech public.

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Questions loom about payroll data provider Argyle’s motives to pay users for login details

Questions loom about payroll data provider Argyle’s motives to pay users for login details

Argyle, a fintech startup that aspires to become the “Plaid for employment records” by offering consumers capabilities to grant permission to access their payroll data, is being scrutinized over its motives to collect payroll data and offering to pay consumers for access to login information.

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Klarna launches SMB initiative as it expands US presence

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 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

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

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

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

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

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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