Venmo introduces new gift-wrapping feature with eight animated designs

Venmo is introducing a new gift-wrapping feature to give users a new way to gift money to friends and family. The new feature is starting to roll out today and gives users access to eight animated gift-wrap designs that can be added to a payment note. To use the new feature, users need to tap […]

Regulating crypto could create American super apps

David Donovan Contributor Share on Twitter David Donovan leads the Global Financial Services Practice for the Americas for digital consultancy Publicis Sapient and is a former Fidelity Investments executive. Much of Chinese society has come to depend on so-called super apps like WeChat to do multiple tasks, from making a medical appointment to hailing a […]

Mark Cuban-backed fintech Dave’s public offering puts SPACs to the test

The special purpose acquisition company (SPAC) boom did not play out as some folks in the technology and business worlds hoped. Despite a wave of optimism through early 2021, private companies that pursued public debuts with the help of blank-check companies have frequently failed to cover themselves in glory in the intervening quarters.  Even more, […]

Kaszek leads Z1’s latest round as it develops its bank app aimed at LatAm teens

Z1, a Brazilian neobank focused on offering digital accounts and a linked prepaid card to teenagers and young adults, secured $10 million in Series A funding just six months after taking in $2.5 million. Co-founded in 2019 by João Pedro Thompson, Thiago Achatz, Mateus Craveiro and Sophie Secaf, Z1 developed a digital bank app aimed […]

Amazon is adding a Venmo checkout option next year

PayPal today announced that Amazon.com will be adding a Venmo option to checkout for users in the U.S., starting next year. The news arrived as the online payment giant announced solid third quarter results, with a 13% year over year revenue increase. Beginning at some point in 2022, Amazon shoppers will be able to link […]

Nubank’s IPO filing gives us a peek into neobank economics

As the neobanking boom has matured into a collection of large digital banks, we’re slowly getting a better picture of the economics of such business efforts. Chime was early in telling the market that it was EBTIDA positive, for example, unlike less profitable European neobanks. The upcoming Nubank IPO — technically the public offering of […]

Paystand banks $50M to make B2B payments cashless and with no fees

It’s pretty easy for individuals to send money back and forth, and there are lots of cash apps from which to choose. On the commercial side, however, one business trying to send $100,000 the same way is not as easy. Paystand wants to change that. The Scotts Valley, California-based company is using cloud technology and […]