article thumbnail

California’s fintech startups are invading New York

Bank Innovation

Now, though, Stripe is leaving the tech mecca of San Francisco, awash in tech talent and investor cash, and is in the process of moving its main office about 10 […]. When two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. It had to be California.

New York 367
article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Data: London FinTechs Netted $3.6B In VC Investments So Far In 2020

PYMNTS

London's FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6 London is in second place globally with those numbers, the release stated, with first place going to San Francisco with $5.1 s FinTechs have survived the worst effects of the pandemic. billion in investments.

article thumbnail

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.

article thumbnail

Ripple founder funds upgrades in San Francisco small-business zones

Payments Source

Chris Larsen, co-founder and former CEO of the payments company, is donating $1.7 million to help merchant associations improve the city's lighting, crosswalk markings, sidewalks and trash receptacles.

article thumbnail

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.

article thumbnail

Amazon CEO Jeff Bezos Invests In Chipper Cash In Latest African FinTech VC Deal

PYMNTS

African FinTech Chipper Cash has landed a whale of an investor. San Francisco-based Chipper got its start building a base in the P2P payments sector in Kenya, Rwanda, Tanzania, Nigeria, Uganda and Ghana. Chipper, though, is just the latest African FinTech to attract the attention of investors. Stripe, the U.S.-based

Fintech 332