Ex-Plaid employees raise $30M for Stytch, an API-first passwordless authentication platform

There are far fewer annoying things than managing one’s passwords. There are a bunch of companies out there to help you attempt to do that. And there’s also a number of companies that want to go a step further and eliminate the password completely. One such company, Stytch, just raised $30 million in a Series […]

Equity Monday: Big iPads and Ballmer-era Google

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can […]

In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel

Lower, an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. This round is notable for a number of reasons. First off, it’s a large Series A even by today’s standards. The financing also marks the previously bootstrapped Lower’s first external round of funding […]

Supreme Court revives LinkedIn case to protect user data from web scrapers

The Supreme Court has given LinkedIn another chance to stop a rival company from scraping personal information from users’ public profiles, a practice LinkedIn says should be illegal but one that could have broad ramifications for internet researchers and archivists. LinkedIn lost its case against Hiq Labs in 2019 after the U.S. Ninth Circuit Court […]

Messenger adds Venmo-like QR codes for person-to-person payments in the US

This spring, Facebook confirmed it was testing Venmo-like QR codes for person-to-person payments inside its app in the U.S. Today, the company announced those codes are now launching publicly to all U.S. users, allowing anyone to send or request money through Facebook Pay — even if they’re not Facebook friends. The QR codes work similarly […]

Homebrew backs Higo’s effort to become the ‘Venmo for B2B payments’ in LatAm

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Socure raises $100M at $1.3B valuation, proving identity verification is hotter than ever

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Teen banking service Step raises $50M, adds TikTok star Charli D’Amelio to investor list

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Freelancer banking startup Lili raises $15M

It’s only been a few months since Lili announced its $10 million seed round, and it’s already raised more funding — namely, a $15 million Series A. The startup, founded by CEO Lilac Bar David and CTO Liran Zelkha, is creating a bank account and associated products designed for freelancers, with features like early access […]

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 […]