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The Dawn Of A Cashless Global Economy?

PYMNTS

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards.

Taxes 100
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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. Credit card lenders are not only dealing with higher loss forecasts in 2023.

Trends 52
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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

HQ: Denver, Colorado. HQ: Denver, Colorado. Tags: Consumers, tax-savings, investing, personal finance, financial planning. Latest round: $31 million ($6 mil Equity, $25 mil Debt). Total raised: $31.85 million including $25 million debt. HQ: Chicago, Illinois. Source: Pymnts. eWallet & mobile payments. Total raised: $33.75

Company 12
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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

HQ: Denver, Colorado. Self-employment tax payments. Tags: SMB, payments, tax prep, accounting. Source: Crunchbase. Online payment service. Latest round: $15 million Series B. Total raised: $15 million. Source: Crunchbase. Mobile insurance broker. Latest round: $14.75 million Series A. Total raised: $14.75 HQ: Berlin, Germany.

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242 Startup Failure Post-Mortems

CB Insights

The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. Product: ChaCha.

Company 78