baas
Announcing the agenda for the Fintech Stage at TechCrunch Disrupt 2024
We’re incredibly excited to announce that we’ve added a dedicated Fintech Stage to TechCrunch Disrupt 2024. It joins Space, SaaS and AI as the other industry-focused stages — all under…
Connect Money scores $8M to enable non-bank businesses to offer embedded finance services
Banking-as-a-service (BaaS) platforms have become instrumental in driving access to digital financial services by introducing fintech capabilities to non-bank businesses. Multiple businesses are tapping these platforms to circumvent the need…
The demise of BaaS fintech Synapse could derail the funding prospects for other startups in the space
Welcome to TechCrunch Fintech! This week, we’re looking at the long-term implications of Synapse’s bankruptcy on the fintech sector, Majority’s impressive ARR milestone, and more! To get a roundup of…
SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy
After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is…
Synctera is the latest banking-as-a-service startup to lay off staff
Banking-as-a-service startup (BaaS) Synctera has conducted a restructuring that has resulted in a staff reduction, the company confirmed to TechCrunch. While Synctera did not share how many employees were impacted,…
Brazilian fintech QI Tech lands $200M led by General Atlantic
Brazilian banking-as-a-service startup QI Tech has raised $200 million in a Series B round of funding led by New York-based General Atlantic. The raise is believed to be the largest…
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a platform enabling banks and fintech…
Featured Article
Fintech is a mess. Is BaaS the outlier?
Banking-as-a-service involves a lot of facets and can be quite confusing, so we spoke to some experts who could make sense of it all.
Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised $70 million in a Series D…
Banking-as-a-service startup Unit closes on $100M at a $1.2B valuation
Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners. Existing backers Accel, Better Tomorrow Ventures and Flourish Ventures also participated…
Fintech NovoPayment raises first venture round in 15 years to expand its full-stack banking API platform
The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. Banking-as-a-service (BaaS) products like Synapse, Unit and Bond have helped fuel the…
Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter
Welcome to my weekly fintech-focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas…
Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them…
Jiko announces partnership to launch a banking app for the transgender community
Jiko, a fintech startup that uses customer deposits to purchase short-term treasury bills, announced its first banking-as-a-service (BaaS) client today. It will partner with Euphoria, a technology suite for the…
Tiger Global leads $25M investment into Swap, which aims to be ‘LatAm’s fintech factory’
Swap, a São Paulo-based BaaS startup, announced today it has raised $25 million in a Series A led by Tiger Global Management. The financing was “heavily oversubscribed,” according to the…
When Visa announced plans to purchase Plaid for $5.3 billion in January 2020, the deal represented one of the largest acquisitions of a fintech upstart by an incumbent financial powerhouse.…
BaaS served three ways: A closer look at a rapidly evolving market
There’s no one-size-fits-all solution, but having a better understanding of how BaaS providers position themselves between banks and fintechs can help potential customers determine which model is best for them.
TechCrunch+ roundup: Palihapitiya on SPACs, inside Rivian’s IPO, BaaS pros talk shop
I have worked in startups for more than half of my life, and for most of that time, I was the only Black person in the room. As a result,…
Featured Article
Fintech startup Jeeves raises $57M, goes from YC to $500M valuation in one year
Last summer, Jeeves was participating in Y Combinator’s summer batch as a fledgling fintech. This June, the startup emerged from stealth with $31 million in equity and $100 million in debt financing. Today, the company, which is building an “all-in-one expense management platform” for global startups, is announcing that it…
Enterprise IT is undergoing a platform shift from web-based, client-server systems to a mobile-cloud platform. This shift has caught the attention of all the major tech vendors who have either…
GoInstant’s Next Chapter Is A Developer Platform For The “Multiplayer Web”
GoInstant, the startup that Salesforce.com bought for $70 million, has launched a new developer platform for what it calls the “multiplayer web.” The company, which operates as a separate entity…
AppScale Launches As An Open-Source Backup Equivalent To Google App Engine
Startup AppScale has launched its open-source backup up service for Google App Engine (GAE), which is compatible with standard cloud services that developers use when building apps. The company, which was one…
Rackspace Rolls Out Its Mobile Plan As Vendors Get Giddy About Backend Data Pipes And Spigots
Suddenly all this backend stuff is hot. Who would have ever thought that data pipes and the spigots would get so much attention? Salesforce is getting into the game and now…
