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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The latest infusion of cash came from TSG Consumer Partners , a San Francisco-based private equity company. The FinTech has since expanded to offer business banking.

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Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

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Banking startup Level enters the high-yield savings race

Bank Innovation

Level, a digital banking startup based in San Francisco Calif., Level is also offering 1% debit card rewards and paycheck deposits two days early to sweeten the deal for customers. is trying to hook customers with a 2.1% savings account annual percentage yield.

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Can Banks Solve their Small-Dollar Loan Problem with Fintech Partnerships?

Bank Innovation

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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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. Uber has about 93 million active users around the world, and the majority use Uber Cash or a credit card to pay for rides or food.

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FinTech Affirm Raises $500M In Latest Funding Round

PYMNTS

Affirm , a San Francisco-based point-of-sale (POS), buy now, pay later (BNPL) lender, announced a $500 million series G round of funding Thursday (Sept. The privately-held FinTech was founded in 2012 as an installment loan provider for shoppers to finance a purchase. Affirm said in the release that it provides more than 5.6