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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

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Freelancer Banking App Lili Nets $15M For Expansion

PYMNTS

All-in-one banking app Lili , which is typically used for freelancers, has raised $15 million in a funding round, a press release says, bringing its total raised to $25 million. The new capital will be used to help Lili boost its ever-growing expansion and add to its product and engineering teams and boost customer adoption, the release says.

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A Qapital Approach To Personal Capital

PYMNTS

In an age of credit cards, eCommerce and contactless payments , it’s going to take a lot longer to fill up that penny jar with actual coins. The paycheck allocation approach works well for freelancers, Friedman noted, because it enables them to contribute to their taxes all year long, just like salaried employees. Why It Works.

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NorthOne Taps Radius Bank For SMB Mobile Banking

PYMNTS

Small businesses can sign up for an FDIC-insured bank account in three minutes, and can customize the platform to add sub-accounts for payroll, large purchases and taxes. Our team has torn apart the small business banking playbook and created our own digital banking platform and operating model from the ground up.”.

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Barclaycard’s Expansion Plan

PYMNTS

The British multinational banking corporation is looking into using its credit card business to spearhead its growth as it has quadrupled the bank’s profit over the last decade. Barclays’ credit card chief, Amer Sajed, said the new expansion plans have the backing of Barclays CEO Jes Staley.

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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

PYMNTS

Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. Small Business Banking. India’s small business bank alternative, Open, announced pre-Series A funding from Unicorn India Ventures and Recruit via its RSP India fund, reports in Inc42 said. The company raised $47.5

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Fintech Deals to Watch: Back to School

Gonzobanker

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. Digital Engagement Had Great Attendance and Extracurriculars. First, there was the drama leading up to the breakup with the rich hottie.

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