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Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown

Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with...

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SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs

A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment...

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Daily Crunch: One week after expanding internationally, Dukaan says it has onboarded 1,000+ DTC brands

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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PayPal expands its ‘pay later’ options with a more flexible ‘PayPal Pay Monthly’ service

After Apple shook up the Buy Now, Pay Later market with news that it would now be a competitor to established firms, PayPal this morning is...

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Apple enters the BNPL market as regulation, competition intensify

How will all of these BNPL-focused providers fare with Apple pounding its way into their market?

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PayPal is finally allowing users to move their cryptocurrency to other wallets

PayPal announced today that its users will now be able to transfer cryptocurrency from their accounts to other wallets and exchanges.

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Visa and Kenya’s Safaricom launch virtual card to support global digital payments via M-Pesa

The virtual card follows a 2020 Visa and Kenya's Safaricom deal to develop products to support digital payments for users of M-Pesa, the mobile...

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Tech layoffs top 15K in a brutal May

It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, over 15,000...

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PayPal laid off 83 employees as it reduces Bay Area presence

PayPal laid off dozens of employees from its San Jose headquarters, filings show. As first reported by The Information and later confirmed by...

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Daily Crunch: ‘The bitcoin network is not a payments network,’ says FTX CEO Sam Bankman-Fried

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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As FTX’s CEO eyes Robinhood, will we see crypto exchanges move into equities trading?

Would Coinbase be better off with a less fundamentalist stance and more diversified revenue streams? Yes? That would be the standard business advice?

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Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z and Paradigm

After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land. Today, the...

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Data-driven fintech Tifin valued at $842M in new $109M Series D round

TIFIN brought in $109 million in fresh funding to bring its tech to the wealth and asset management industries

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Google launches Google Wallet to help you store your credit cards, tickets and more

Google today launched Google Wallet, a new Android and Wear OS app that will allow users to store things like credit cards, loyalty cards, digital...

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MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy

The use of cryptocurrency in sub-Saharan Africa, particularly among its young people, cannot be overstated. Data from blockchain intelligence firm...

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Paddle, the company that wants to take on Apple in IAP, raises $200M at a $1.4B valuation to supercharge SaaS payments

Software as a service has become the default for how organizations adopt and use apps these days, thanks to advances in cloud computing and...

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Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series...

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Stripe flexes its fintech muscle with Financial Connections to pull banking data automatically

Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO, today announced a new product that fills...

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Kevin raises $65M as it charges ahead on account-to-account payments over point-of-sale terminals

Payments remains a very fragmented business around the world: depending on where you’re buying or selling something (and whether you are...

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Concerto snags $21.2M to bring co-branded credit cards to more brands

Concerto, a startup developing a platform to make it easier for brands to roll out co-branded credit card programs, has raised $21.2 million in...

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Chilean fintech Xepelin wants LatAm businesses to get paid

The B2B payments company is doubling down in both Chile and Mexico, while also eyeing new countries for expansion.

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Affirm’s CTO talks transparency and the tech that makes BNPL possible

TechCrunch sat down with Libor Michalek, president of technology at Affirm, to understand just how the company differentiates itself from its...

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Daily Crunch: US dangles reward up to $10M for info on 6 elite Russian military hackers

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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PayPal shuttering its San Francisco office

PayPal is closing its San Francisco office on June 3

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PayPal and Venmo to increase instant transfer fees in the US

PayPal and Venmo are increasing their instant transfer fees for both consumers and merchants in the United States in the coming weeks, PayPal...

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Amazon is Primed for online domination

We talk about bulls in china shops, but what about bulls running through the streets of entire shopping districts, or other neighborhoods? This...

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WeChat’s newsfeed turns 10. Is it still relevant?

Over the last few days, my WeChat has been inundated with people reminiscing about the first post they ever published on the app’s newsfeed,...

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