#Finance

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Visa funds $40M for no-password crypto vault Anchorage
Josh Constine

Visa and Andreessen Horowitz are betting even bigger on cryptocurrency, funding a big round for fellow Facebook Libra Association member Anchorage’s omnimetric blockchain security system. Instead of using passwords that can be stolen, Anchorage requires cryptocurrency withdrawals to be approved by a client’s other employees. Then the company uses both human and AI review of […]

Online bank Simple makes things harder by removing bill pay
Sarah Perez

With a growing number of challenger banks taking on the U.S. market, one of the original startup banks, Simple — now owned by BBVA — has taken the unusual step of removing a core banking feature: bill pay. The company claimed the feature was under-utilized and usage was trending downwards, which is why it decided […]

TransferWise’s debit card launches in Australia and New Zealand, with Singapore to follow
Catherine Shu

International money transfer startup TransferWise’s debit card is now available in Australia and New Zealand, with a Singapore launch expected by the end of this year as the company expands its presence in the Asia-Pacific region. TransferWise’s debit card, which features low, transparent fees and exchange rates, first launched in the United Kingdom and Europe […]

Facebook plans June 18th cryptocurrency debut. Here’s what we know
Josh Constine

Facebook is finally ready to reveal details about its cryptocurrency codenamed Libra. It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics, according to a source who says multiple investors briefed on the project by Facebook were told that date. Meanwhile, the company’s Head of Financial Services & Payment […]

Lookout, Robinhood. E*Trade, Schwab, Ameritrade go zero-fee
Josh Constine

The biggest players in online stock trading all just copied Robinhood by removing their fees for stock and ETF trading. Charles Schwab announced yesterday it would drop its $4.95 fee, leading to plummeting share prices for it as well as competitors. By the end of yesterday, Ameritrade announced it too would axe its $6.95 fees, […]

Investment platform eToro acquires crypto portfolio tracker app Delta
Steve O'Hear

eToro, the multi-asset investment platform that spans “social” stock trading to cryptocurrency, has acquired Delta, the crypto portfolio tracker app. Terms of the deal remain undisclosed, although one source tells me the deal was worth $5 million. It is not clear if it is stock only or cash (or a mixture of both) and if […]

Coinbase tells you if top holders are buying or selling a crypto asset
Romain Dillet

Coinbase is taking advantage of its significant user base to give you more information about trading behavior and price correlation. Given that there are now 15 different cryptocurrencies on Coinbase that you can trade, the new features should provide some signals. In addition to price and variation information, you can see what Coinbase customers with […]

Coinbase is launching Coinbase Pro mobile app
Romain Dillet

Cryptocurrency exchange company Coinbase is launching a mobile app for its advanced users today. You can now download the Coinbase Pro mobile app on iOS — the Android version is coming soon. Coinbase Pro is the company’s exchange that lets you set up advanced order types, such as limit orders. Those are fairly standard features […]

Binance launches Venus, which it calls an ‘independent, regional version’ of Facebook’s Libra
Catherine Shu

Binance, the world’s largest cryptocurrency exchange, announced today that it will launch an open blockchain project called Venus to develop regional stablecoins pegged to fiat currencies (or traditional currencies usually issued and backed by a government). Based in Malta, Binance launched its decentralized trading service, Binance Chain, earlier this year, and since then has issued […]

Student loan refinancing startup Splash Financial raises $4.3 million
Jonathan Shieber

Splash Financial, a Cleveland-based startup that has partnered with the Pentagon Federal Credit Union to refinance student loans, has raised $4.3 million in a round of venture financing. The round was led by CUNA Mutual Group, a PenFed partner, and Northwestern Mutual Future Ventures, the corporate investment arm of Northwestern Mutual. As student loan debt […]

Cuvva raises £15M Series A to launch flexible monthly car insurance
Steve O'Hear

Cuvva, the app-based insurance provider that began life offering pay-as-you-go driving cover but has since expanded to also sell travel insurance, has raised £15 million in Series A funding. Backing comes from RTP Global, Breega, and Digital Horizon, joining existing investors LocalGlobe, Techstars Ventures, Tekton and Seedcamp. A number of angels also joined the round, […]

Getsafe, the German insurance app, scores $17M Series A
Steve O'Hear

Getsafe, the German insurance startup targeting millennials, has raised $17 million (€15m) in a Series A funding. The round is led by Earlybird, with CommerzVentures and other existing investors also participating, while the capital will be used for European expansion. Notably, the company plans to launch in the U.K. by the end of the year. […]

Coinbase adds USDC stablecoin support in 50 countries
Romain Dillet

Cryptocurrency exchange Coinbase is ramping up stablecoin support around the world. Customers can now trade USD Coin (or USDC for short) in 50 new countries — USDC support was already available in 35 countries. You can trade USDC on both Coinbase and Coinbase Pro. The company has been aggressive when it comes to international expansion. […]

Brolly launches ‘Brolly Contents’ to tackle the antiquated home contents insurance market
Steve O'Hear

Brolly, the U.K. insurance app that lets you keep track of your various policies so that you are correctly and competitively covered, is launching a new product to plug what it sees as a gap in home contents insurance. Dubbed “Brolly Contents,” the new offering promises “flexible” monthly cover for all or a subset of […]

Blockchain (the company) launches an exchange (The Pit)
Romain Dillet

The company called Blockchain is mostly known for its cryptocurrency wallet. Today, the company is also launching an exchange so you can buy and sell cryptocurrencies without going through a third-party exchange. The company’s exchange is called The Pit, and is focused on mainstream adoption and ease of use. It is available in 200 countries, […]

Hong Kong insurance tech startup OneDegree extends its Series A to a total of $30 million
Catherine Shu

OneDegree, an insurance technology startup based in Hong Kong, announced today it has extended its Series A round to $30 million, up from the $25.5 million it announced in September. Its extension, which the company is calling its “A2” round, was led by BitRock Capital, an investment firm that focuses on financial tech. Cyberport Macro […]

Apple Card will make credit card fraud a lot more difficult
Zack Whittaker

Apple’s new credit card has a curious security feature that will make it much more difficult to carry out credit card fraud. The aptly named Apple Card is a new credit card, built into your iPhone Wallet app, which the company says will help customers live a “healthier” financial lifestyle. The card is designed to […]

Moon’s browser extension lets you pay with bitcoin on Amazon
Romain Dillet

Meet Moon, a three-person startup that lets you pay for stuff on Amazon using bitcoin via the Lightning Network, bitcoin, Litecoin or Ether. The company has released a desktop browser extension for Google Chrome, Brave and Opera. While some e-commerce retailers let you pay with cryptocurrencies, the biggest e-commerce platforms have yet to accept cryptocurrencies. […]

European banking app Monese partners with deposits marketplace Raisin
Steve O'Hear

Monese, the European banking app aimed at customers with a ‘thin’ credit file or those who have moved country, is launching “Monese Savings” in partnership with fintech Raisin. The new feature sees Monese customers gain access to Raisin’s cross-border deposits marketplace so that they can shop around for a competitive interest rate via the various […]

Facebook announces Libra cryptocurrency: All you need to know
Josh Constine

Facebook has finally revealed the details of its cryptocurrency Libra, which will let you buy things or send money to people with nearly zero fees. You’ll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet […]

Habito, the digital mortgage broker, will begin direct lending via its own mortgages
Steve O'Hear

Habito, the London startup that has spent the last three years dragging the mortgage process online, is to begin direct lending via its own range of mortgages. Starting with ‘buy to let’ mortgages, the move represents the first time the fintech startup has expanded beyond brokerage after it received regulatory approval to become a mortgage […]

DeadHappy, the UK pay-as-you-go life insurance provider, raises £4M Series A
Steve O'Hear

DeadHappy, a U.K.-based insurtech startup that wants to offer more flexible life insurance and remove the taboo surrounding death, has raised £4 million in Series A funding. Backing comes from e.ventures, alongside the company’s seed investor Octopus Ventures. Founded in 2017, DeadHappy claims to be the UK’s “first fully digital pay-as-you-go life insurance provider”. It […]

Nigerian online-only bank startup Kuda raises $1.6M
Jake Bright

Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to other fintech startups. “Kuda is […]

Asto, the bookkeeping app from Santander, adds invoice financing for freelancers and SMEs
Steve O'Hear

Asto, the Santander owned “upstart” developing financial tools for freelancers and SMEs, is adding invoice financing to its bookkeeping app. The new offering, which potentially opens up so-called “micro-financing” to a much broader business market, comes hot on the heels of Santander Group acquiring Albert, an invoicing and expenses app for freelancers and micro-businesses. Albert’s […]

Blade raises $4.3M from Coinbase, SV Angel to reshape cryptocurrency derivatives trading
Lucas Matney

Exchanges like Coinbase have ballooned in size by taking the mechanics of equity markets and fitting them to cryptocurrency markets, but as the space expands in its scope and craftiness, new exchanges trading asset classes native to cryptocurrency are taking off and attracting the attention of top Silicon Valley VCs. Oh, and Coinbase, too. Blade […]

CoinBits launches as a passive investment app for bitcoin
Jonathan Shieber

Erik Finman is a twenty-something bitcoin maximalist as famous for his precocity as he is for his $12 bet on the currency a few years ago. Now, Finman, who built his first company while still in high school, is launching a new startup called CoinBits, which allows users to passively invest in bitcoin. The idea, […]

Robinhood revives checking with new debit card & 2% interest
Josh Constine

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. The waitlist opens today in the US with the first users to be […]

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