Welcome to TechCrunch Fintech! This week, we’re looking at LoanSnap’s woes, Nubank’s and Monzo’s positive milestones, a plethora of fintech fundraises and more! To get a roundup of […]
After raising $100M, AI fintech LoanSnap is being sued, fined, evicted
AI mortgage startup LoanSnap is facing an avalanche of lawsuits from creditors and has been evicted from its headquarters in Southern California, leaving employees worried about the company’s […]
Ambani fires opening salvo in fintech battle, launches JioFinance app
Indian conglomerate Reliance Group is making its boldest consumer-facing move yet into financial services with the launch of JioFinance, an app that aims to be a one-stop shop […]
More neobanks are becoming mobile networks — and Nubank wants a piece of the action
Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an eSIM (embedded SIM) service for travelers. The service […]
Cloover wants to speed solar adoption by helping installers finance new sales
Solar panels practically sold themselves in Europe after Russia’s invasion of Ukraine sent electricity prices skyrocketing. Now, as prices have begun to fall, solar installers have found themselves […]
Fintech lender Solo Funds is being sued again by the government over its lending practices
The Consumer Financial Protection Bureau is suing SoLo Funds, a fintech company that enables peer-to-peer lending, alleging that the company used “digital dark patterns” to deceive borrowers and […]
Lydia, the French payments app with 8 million users, launches mobile banking app Sumeria
If you live in the U.S., chances are you use apps like Venmo and Cash App to pay back your friends or split the bills with your roommates. […]
Accion’s new $152.5M fund will back financial institutions serving small businesses globally
Accion, a global nonprofit, announced on Tuesday the launch of the Accion Digital Transformation Fund, a $152.5 million fund for large financial institutions, including microfinance serving small businesses […]
Israeli startup Panax raises a $10M Series A for its AI-driven cash flow management platform
High interest rates and financial pressures make it more important than ever for finance teams to have a better handle on their cash flow, and several startups are […]