Potential winners and losers line up as Plaid pushes deeper into payments

So Plaid now calls itself a payments company. It was only a matter of time, really. Earlier today, the data and connectivity startup announced a new payments partner ecosystem that will extend its existing payments infrastructure and make ACH bank transfers a more attractive alternative to credit card transactions. But the big winners here are […]

Tala grabs $145M to offer more financial services in emerging markets

Tala, an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Upstart, a company founded by ex-Googlers Dave Girouard, Anna Counselman and Paul Gu, led the round. DeFi network Stellar Enterprise Foundation participated, alongside new investors Kindred Ventures and […]

Productfy raises $16M to build the ‘Shopify of embedded finance’

Productfy Inc., a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. Existing backers Point72 Ventures, 500 Startups and Envestnet | Yodlee also participated in the financing, which brings its total raised since its 2018 inception to nearly […]

Copper Banking adds $9M in funding as digital banks clamor for teen customers

Copper Banking, a digital banking service aimed at teens, announced today it has raised a total of $13.3 million in seed funding. PSL Ventures, an arm of Pioneer Square Labs, led a $4.3 million raise for Seattle-based Copper last year and an additional $9 million this year. Other investors in the fintech startup include Clocktower […]