African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The company offers mobile-based, no fee, P2P […]

Adyen alumni raise €2.6M seed to launch Silverflow, a ‘cloud-native’ card payments processor

Silverflow, a Dutch startup founded by Adyen alumni, is breaking cover and announcing seed funding. The pre-launch company has spent the last two years building what it describes as a “cloud-native” online card processor that directly connects to card networks. The aim is to offer a modern replacement for the 20 to 40-year-old payments card […]

Venmo launches its first credit card, offering up to 3% cash back, personalized rewards

Last October, Venmo announced it would launch its first credit card sometime in 2020. Today, the PayPal-owned company is making good on those promises with the debut of the Venmo Credit Card, initially rolling out to select customers. The Visa card offers 3% cash back on eligible purchases, personalized rewards and tools to track and […]

Coinbase lets you withdraw funds to your debit card

Cryptocurrency exchange Coinbase is adding a new way to withdraw funds from your Coinbase account. If you’ve added a compatible debit card to your account, you can transfer USD, EUR or GBP to your bank account nearly instantly. There are some drawbacks, and the main one is that you’ll pay a lot of fees. In […]

Trump to halt immigration from Africa’s top tech hub, Nigeria

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Trump’s travel ban could extend to Africa’s top tech country, Nigeria

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A founder’s guide to recession planning for startups

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Mastercard acquires security assessment startup, RiskRecon

Mastercard announced today that it is acquiring RiskRecon, a Salt Lake City startup that uses publicly available data to build security assessments of organizations. The companies did not share the purchase price. It has become increasingly important for financial services companies like Mastercard to help customers navigate cybersecurity, and RiskRecon will give customers an objective […]

Who will the winners be in the future of fintech?

Nik Milanovic Contributor Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. More posts by this contributor Fintech’s next decade will look radically different Libra’s critics are missing the forest for the trees So what happens when fintech ‘brings it all together’? […]

Elavon to acquire Sage Pay, a gateway that competes with Stripe, PayPal and Adyen, for $300M

E-commerce continues to gain momentum — a trend we’ll see played out in the next two months of holiday shopping — and with that comes more consolidation. Today, Elavon, the payments company that is a subsidiary of US Bancorp, announced that it will acquire Sage Pay, one of the bigger payment processors in the UK […]