Nigerian online-only bank startup Kuda raises $1.6M

Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to other fintech startups. “Kuda is […]

Continue Reading →

Justice Department indicts 80 individuals in massive business email scam bust

The Justice Department have indicted dozens of individuals accused of involvement in a massive business email scam and money laundering scheme. News of the early-morning raids were first reported by ABC7 in Los Angeles. Thom Mrozek, a spokesperson for the U.S. Attorneys Office for the Central District of California, confirmed more than a dozen individuals […]

Continue Reading →

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture fund of Kenyan fintech startup Wapi Pay—a Nairobi based company that facilitates digital […]

Continue Reading →

A new app can detect Bluetooth credit card skimmers on gas pumps

A team of computer scientists has built a new app that can wirelessly detect credit card skimmers, often found discreetly placed on gas pumps and bank ATMs. Gone are the days where entire card skimmers would take over the front facade of an entire cash machine. Credit card skimmers are tiny, almost invisible — and […]

Continue Reading →

Venmo launches instant transfers to bank accounts

PayPal -owned payments app Venmo today announced support for instant transfers to U.S. bank accounts. The feature is an optional alternative to Venmo’s standard bank transfer service, which typically takes one to three business days to process transactions. With Instant Transfer, however, funds from your Venmo account can hit your bank account within minutes. As […]

Continue Reading →

Klarna raises $460 million, looks to expand its payments presence in the U.S.

Swedish payments provider Klarna has announced a new round of equity funding, adding $60 million at a post-money valuation of $5.5 billion, which makes it one of the most highly-valued private fintech companies in the world. The new funding will be used to help Klarna continue to grow its presence in the U.S. payments market, […]

Continue Reading →

Apple rolls out Apple Card Preview to select users

Apple Card is getting its first group of public test users today. A limited amount of customers that signed up to be notified about the release of Apple Card are getting the ability to apply for the card in their Wallet app today — as well as the option to order their physical Apple Card. […]

Continue Reading →

Formget security lapse exposed thousands of sensitive user-uploaded documents

If you’ve used Formget in the past few years, there’s a good chance we know about it. Formget bills itself as an online form maker and email marketing company based in Bhopal, India. The company allows its 43,000 customers to create online forms so others can submit their resumes or apply for a job, or […]

Continue Reading →

How Axis went from concept to shipping its Gear smart blinds hardware

Axis is selling its first product, the Axis Gear, on Amazon and direct from its own website, but that’s a relatively recent development for the four-year old company. The idea for Gear, which is a $249.00 ($179.00 as of this writing thanks to a sale) aftermarket conversion gadget to turn almost any cord-pull blinds into […]

Continue Reading →

UK challenger bank Atom raises another £50M from BBVA and more at £530M valuation

Another hopeful among Europe’s so-called challenger banks — startups taking on the big names in consumer banking by targeting niche groups of users with a more modern set of tools to manage users’ money — has raised a sizeable round of funding to expand its business. Atom Bank — which targets mainly millennial-aged consumers (current […]

Continue Reading →