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Why each Libra member’s mutiny hurts Facebook

Why each Libra member’s mutiny hurts Facebook There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the […]

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Pegging Libra just to the $ could soothe regulators, a16z says

Pegging Libra just to the $ could soothe regulators, a16z says What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners including Visa, MasterCard, PayPal, and eBay to pull out of the Libra Association. But one […]

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Robinhood revives checking with new debit card & 2% interest

Robinhood revives checking with new debit card & 2% interest This time it actually has insurance. Zero-fee stock trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. […]

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Get guaranteed rent for your home from new startup Doorstead

Get guaranteed rent for your home from new startup Doorstead Missing out on a month’s rent because you can’t find a tenant is a huge loss. Searching for someone to fill a home takes work, while property managers are incentivized to price your place too high leading to costly vacancies. But new […]

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PayPal to enter China through GoPay acquisition

PayPal to enter China through GoPay acquisition The People’s Bank of China has approved PayPal’s acquisition of a 70% equity state in GoPay (Guofubao Information Technology Co. (GoPay), Ltd.), which will make PayPal the first foreign payment platform to provide online payment services in China. GoPay has licenses for online and mobile […]

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Manila-based payments processing startup PayMongo raises $2.7 million in seed funding

Manila-based payments processing startup PayMongo raises .7 million in seed funding Manila-based financial tech startup PayMongo has raised $2.7 million in seed funding to give merchants in the Philippines and other Southeast Asian markets simple ways to set up online payments. Investors included Founders Fund, Peter Thiel and Stripe, with participation from […]

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Walmart launches two new credit cards offering 5% back on digital purchases

Walmart launches two new credit cards offering 5% back on digital purchases Walmart is partnering with Capital One to launch a new credit card program, which rolls on September 24, and includes both co-branded and private-label cards. The former, the Capital One Walmart Mastercard, includes 5% back on purchases made on Walmart.com […]

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GoCardless launches US debit payments solution and opens San Francisco office

GoCardless launches US debit payments solution and opens San Francisco office GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has launched a U.S. debit solution. The company has also opened an office across the pond in […]

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$100M Grant for the Web fund aims to jump-start a new way to pay online

0M Grant for the Web fund aims to jump-start a new way to pay online Getting paid for providing content online isn’t simple, and as the ad-based economy continues to collapse pretty much everyone is looking for alternatives. One problem: While the web is great at moving images and audio and files […]

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India’s OkCredit raises $67M to help small merchants digitize their bookkeeping

India’s OkCredit raises M to help small merchants digitize their bookkeeping OKCredit, a Bangalore-based startup that enables small merchants to digitize their bookkeeping, has raised $67 million to grow its business in the nation. The Series B financing round for the two-year-old startup was led by Lightspeed and Tiger Global. The new […]

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