The company said the approval was “a significant step in [its] application process for a national bank charter.”
The deal gives Visa access to software that fintech app developers use to interface with customers' bank accounts.
The company "is betting that by building out its financial ecosystem, it can keep drivers and riders loyal to its platform."
“The most difficult part in the entire market is that there is no standard.”
Using data-focused underwriting principles, FarmTogether provides investors fractional ownership of agricultural land that’s then leased out to farmers.
Even Financial lands $25.5 million in venture capital to bolster its digital marketplace for connecting financial services providers and consumers.
Online lender Credijusto has originated $90 million in loans and equipment leases to small businesses across Mexico.
The e-commerce giant joins rival Tencent in becoming a major CICC shareholder as both firms eye opportunities in fintech.
“I believe Square is building the most innovative commerce ecosystem for sellers and consumers," Ahuja says.
For Tipalti's new finance chief, successful experiences in consulting and private equity led to her entry into one of today's most dynamic industries.
The CFO of a leading microfinance firm instills a new mindset and a new way of doing business in short order.
The current finance chief of hedge fund Och-Ziff is leaving Wall Street for fintech at "a critical moment for the cryptocurrency industry."
