Credit reporting company TransUnion announced plans to acquire Neustar, a Virginia-based company that offers real-time business information and analysis tools that help businesses find new customers and determine which ads should serve them.
Read MoreFacebook is buying up $100M of unpaid invoices from small businesses who will, in turn, pay back Facebook under terms the company says are affordable.
Read MoreCryptocurrency exchange Coinbase, which recently went public, says it’s facing possible enforcement action from the Securities and Exchange Commission (SEC) over its Coinbase Lend product that it expected to launch in the coming weeks.
Read MoreMastercard announced plans to acquire Menlo Park, California-based blockchain analytics startup CipherTrace for undisclosed terms.
Read MoreIf Walmart’s fintech offering will be called Hazel, then Walgreens is going Scarlet. The pharmacy chain this week launched a bank account, debit card and personal finance planning tools under the Scarlet brand name.
Read MorePayPal expanded its global ‘buy now, pay later’ (BNPL) bet through its planned acquisition of Paidy, a Japan-based BNPL provider.
Read MoreTill, a platform that allows renters to pay landlords, is rolling out a bundle of new features to entice renters to pay their bills on time, including the capability to spread out payments over a month, rent protection loans, and rewards for platform users.
Read MoreGoDaddy, the domain registrar and web hosting company, is pushing ahead into financial technology by rolling out invoicing and payments capabilities for web designers and developers who use its platform.
Read MorePayments giant Visa this week lent the crypto ecosystem a vote of confidence by buying a non-fungible token (NFT) called CryptoPunk 7610.
Read MoreWith the Taliban solidifying their control over Afghanistan over the past couple of weeks, the country has plunged into a financial crisis, with a cash shortage, a currency in freefall, and rising prices of consumer goods.
Read MoreBinance, the world’s largest cryptocurrency exchange by volume, is facing legal action over a May 19 hour-long outage that resulted in millions of dollars in traders’ money lost, claimants allege.
Read MoreNerve, a neobank for musicians, aims to serve musicians with FDIC-insured accounts that help the musician separate their personal and financial lives; streaming and follower data; free instant payments to other Nerve users; and a networking feature that allows musicians to collaborate with one another.
Read MoreAspiration, an 8-year-old Los Angeles-based challenger bank, is going public through a merger with special-purpose acquisition company InterPrivate III Financial Partners Inc.
Read MorePayPal-owned Venmo announced a partnership with banking technology company Fiserv to offer gig workers the opportunity to get their paychecks and tax refunds deposited into their Venmo accounts.
Read MoreAs the pandemic recedes, it's clear that the proptech sector is largely emerging stronger, more resilient, and with more interest from investors than ever before. In fact, according to Crunchbase, VC-backed real estate tech companies raised a record $10.6B in the first six months of 2021, up from $8.3B in the same period in 2020. Meanwhile, companies in the real estate tech ecosystem are increasingly going public, with major IPOs like Procore and Compass, and SPAC tie-ups for companies like Offerpad, SmartRent, Hippo, Doma, and more.
The Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
