Looking to emulate Venmo, JoomPay preps a Euro launch for easy bill splitting and cash payments JoomPay, a startup with a similar product to PayPayl-owned Venmo in the US, is set to launch in Europe shortly after being granted a Luxembourg Electronic Money Institution (EMI) license. The app allows people to send […]

African fintech startup Chipper Cash raises M backed by Jeff Bezos African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in […]

Daily Crunch: Venmo launches a credit card Venmo’s first credit card is here, a former Amazon employee is arrested for fraud and we review the Nest Audio smart speaker. This is your Daily Crunch for October 5, 2020. The big story: Venmo launches a credit card PayPal -owned mobile payment app Venmo […]

Crypto exchange Bitpanda closes M Series A from Valar Ventures, backed by Peter Thiel Bitpanda, a crypto assets platform, has closed a $52 million Series A funding round form Valar Ventures, a venture capital firm backed by Peter Thiel. Vienna-based VC Speedinvest also participated, alongside other unnamed investors. Claiming 1.3 million users, Bitpanda has […]

Philippines payment processing startup PayMongo lands million Series A led by Stripe Stripe has led a $12 million Series A round in Manila-based online payment platform PayMongo, the startup announced today. PayMongo, which offers an online payments API for businesses in the Philippines, was the first Filipino-owned financial tech startup to take […]

InfraDigital helps Indonesian schools digitize tuition and enrollment In Indonesia, about half of adults are “underbanked,” meaning they don’t have access to bank accounts, credit cards and other traditional financial services. A growing list of tech companies are working on solutions, from Payfazz, which operates a network of financial agents in small […]

Grab hires Peter Oey as its chief financial officer Grab announced today that it has hired Peter Oey as its new chief financial officer. Prior to joining Grab, Oey was the chief financial officer at LegalZoom, an online legal services company based near Los Angeles. Before that, he served the same role […]

Alipay owner Ant Financial takes minority stake in Klarna Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform has announced it’s taking a minority stake in Swedish payments platform Klarna — which has a strong European presence and a flagship product that lets […]