Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The …
Armed with $40M in fresh capital, fintech Stash says it’s moving toward an IPO
Stash, an investing app, is taking advantage of a tool that’s been around for some time – a convertible note. The company told TechCrunch exclusively …
Tradeshift co-founder accused of sexual assault by company, allegations he denies
Tradeshift, a late-stage fintech startup that has raised over $1 billion in venture and debt, has dismissed its co-founder Christian Lanng, citing “serious allegations of …
Block acquires music financial services startup Hifi
Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. Hifi founder and CEO Damian Manning announced the …
Carefull lands $16.5M to shield seniors from financial fraud
Carefull, a fintech platform that aims to help banks protect older customers from fraud, scams and “money mistakes,” today announced that it raised $16.5 million …
Orus offers business insurance products to restaurant owners and other small companies
French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium …
Consumer payments startup Braid, backed by Index and Accel, shuts down
Braid, a four-year-old startup that aimed to make shared wallets more mainstream among consumers, has shut down. Founded in January 2019 by Amanda Peyton and …
Here’s how fintech Rainforest, a budding Stripe rival, aims to win over software companies
Rainforest raises $8.5M and PayPal gets hit with a lawsuit. We take a look at this and other hot fintech news from the previous week.
a16z-backed fintech Synapse lays off 40% of its staff
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a …
Rainforest raises $8.5M to help software companies embed financial services, payments
In November 2019, Andreessen Horowitz General Partner Angela Strange famously declared that, “Every company will be a fintech company.” Specifically, Strange projected that — in …