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CFPB to Supervise Big Tech Payment Services

CFPB to Supervise Big Tech Payment Services

Hey FinTech Fanatic! A significant regulatory shift is reshaping the digital payments landscape as the Consumer Financial Protection Bureau (CFPB) extends its supervisory reach to major tech companies and FinTechs. The finalized rule will bring companies processing over 50 million transactions annually under the same regulatory scrutiny as traditional banks

Santander's Digital Bank Openbank Launches in Mexico

Santander's Digital Bank Openbank Launches in Mexico

Hey FinTech Fanatic! Openbank, Santander's digital banking just entered Mexico with an eye-catching 12.5% annual return on savings accounts. The fully digital bank is expanding its European playbook to tap into Mexico's digital banking potential. The launch brings some impressive numbers to the table: * Access

Revolut Hits 𝟱𝟬 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 Customers

Revolut Hits 𝟱𝟬 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 Customers

Hey FinTech Fanatic! Revolut has officially reached 50 million customers across 38 markets—a huge milestone for the London-based FinTech in just 9 years. This week, Revolut is hosting The Revolutionaries, a two-day event in London to celebrate their milestone alongside customers. Co-founders Nik Storonsky and Vladyslav Yatsenko will take

Truelayer Cuts Jobs and Loses Unicorn Status After Funding Setback

Truelayer Cuts Jobs and Loses Unicorn Status After Funding Setback

Hey FinTech Fanatic! UK's TrueLayer, backed by Tiger Global and Stripe, just closed a $50M funding round - but at a 30% lower valuation than their 2021 peak, losing their unicorn status. According to sources, the company made some significant moves in September, cutting 71 employees (25% of

Trolley Secures $23M Series B to Expand Global Payouts Platform

Trolley Secures $23M Series B to Expand Global Payouts Platform

Hey FinTech Fanatic! Trolley, a Toronto-based global payouts platform, has raised $23M in Series B funding, led by Wavecrest Growth Partners with support from Pace Capital. The funding will drive product expansion, targeting enhanced features for global payouts, compliance, and fraud prevention. Trolley also plans to broaden its customer base

PayPal Introduces Money Pooling for Family and Friends

PayPal Introduces Money Pooling for Family and Friends

Hey FinTech Fanatic! PayPal has introduced a new feature that allows customers to easily pool money with friends and family for group gifts, travel, special events, or other shared expenses. Launching globally across the US, Germany, Italy, and Spain, this feature enables users to create a money pool within the

Revolut Expands Crypto Exchange to 30 New Markets in Europe

Revolut Expands Crypto Exchange to 30 New Markets in Europe

Hey FinTech Fanatic! Revolut has announced a significant expansion of its dedicated crypto platform, Revolut X, now available to experienced traders across 30 new markets in Europe. “With the expansion of Revolut X, we’re aiming to make a real impact in the crypto trading space and offer a strong