Square Building Fintech Company With ‘Primary Focus on Bitcoin’
CEO Jack Dorsey said the business will be dedicated to “decentralized financial services” using bitcoin.
Visa Buys Tink in $2.1B Open Banking Play
Sweden's Tink offers Visa an entrée to a fast-growing market that "has the potential to create an alternative" to debit- and credit-card networks.
Acorns to Go Public Through $2B SPAC Deal
“Now was the time to go public to accelerate our growth and get the tools of responsible wealth-making in everyone’s hands as fast as possible."
Bill.Com Adds Divvy to Back-Office Solutions
The $2.5 billion deal will enable Bill.com to offer expense management software and smart corporate cards to its more than 115,000 customers.
Square Commences Operations as an Industrial Bank
The fintech company's CFO Amrita Ahuja said bringing banking capability in-house will enable the company to “operate more nimbly.”
Affirm Shares Surge in Debut After $1.2B IPO
The flotation of the online lender extends "a frenzied run of tech IPOs dating back to the second half of last year."
Is China Stepping Up Fintech Regulation a Good Thing?
As developments in fintech continue to emerge, Chinese regulators have become increasingly worried about finance being overshadowed by technology.
FTC Says Fintech Startup Beam Misled Consumers
Beam allegedly made false promises to users of its app that it would provide them with 24/7 access to their funds and substantial interest rates.
DOJ Considers Blocking Visa’s Acquisition of Fintech Firm Plaid: Report
The proposed transaction is being reviewed over antitrust concerns.
JPMorgan Takes Aim at Top Fintech Players’ SMB Market Share
The bank’s QuickAccept service allows businesses to take card payments with no fee, and sales will hit their Chase accounts on the same day.
AmEx Buys Kabbage in SMB Solutions Move
The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."