Remove Capital Remove Cards Remove Fintech Remove New York
article thumbnail

Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208
article thumbnail

Grasshopper Gearing Up To Launch Challenger Bank In New York

PYMNTS

Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to the report, the bank formerly went by the name New York Ventures Bank and is in the process of getting a banking license. In a press release, the U.K.

New York 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Uber Hooks Into FinTech To Expand Beyond Ride-Hailing

PYMNTS

Its new FinTech team could ultimately have more than 100 workers. Uber is taking advantage of New York’s talent pool in the financial department, which has more depth in the San Francisco sector. This would line up with Uber’s existing products like Uber Cash, Uber Rewards or its credit card.

Fintech 214
article thumbnail

Credit Card Startup Petal Raises $300M Led By Jefferies

PYMNTS

The New York-based FinTech company Petal has announced a $300 million debt round from global investment bank Jefferies, adding to existing venture capital investments from Peter Thiel’s Valar Ventures, Rosecliff Ventures and others, the company announced in a press release on Wednesday (Sept.

Cards 133
article thumbnail

FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters

PYMNTS

Singapore Signs On With FinTech Firms. In Singapore, news came this week that the country will open up its real-time payment system to FinTech firms. The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. While In New York, New York….

Fintech 166
article thumbnail

Business Expense Card Company Pleo Raises $56M In Funding Round

PYMNTS

Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. New York-based growth fund Stripes led the funding round, and Founders, Creandum and Kinnevik also participated.

Company 161
article thumbnail

B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Venture Capital Funding. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Cardlay, based in the U.K.,

Strategy 109