Remittances from workers in the U.S. to their families and friends in Latin America amounted to $155 billion in 2023. With such a huge opportunity, banks, money transfer companies, retailers, and fintechs are all trying make transfers more convenient o…
Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has exclusively learned. Additionally, the company is announcing a $75 million expansi…
Arturo Villanueva spent over four years on Stripe’s financial partnerships team. During that time, he led partnerships with Visa, Mastercard, American Express, and regional banks across Latin America, struck strategic deals with JPMorgan Chase, Wells-F…
Sending money across borders is filled with friction, like long wait times, high transaction costs and markups on currency exchange. A Philippines-based startup called Parallax wants to make the process faster and cheaper with a cross-border payments s…
Exchange rate volatility has long been a major headache for cross-border businesses. Historically, companies have sought protection by purchasing foreign exchange (FX) insurance or options, but most of these financial products operate like giant “black boxes”, Finofo‘s co-founder and CFO Charles Maranda told TechCrunch in an interview. Maranda’s company aims to provide more transparency and…
The core technology is a proprietary ledger capable of processing more than 50 million transactions per second and a network of interconnected real-time payment rails. Eric Schmidt backs Keeta, a startup working to make cross-border payments ‘as easy as Venmo’ by Christine Hall originally published on TechCrunch
Welcome back to Chain Reaction, a podcast diving deep into the stories, backgrounds and latest news with the biggest names in crypto. For this week’s episode, Jacquelyn interviewed Jack Mallers, the founder and CEO of Strike, a bitcoin-based payment network and financial app that is trying to expand the reach of cross-border payments and remittance…
The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emerging markets who don’t own credit cards. Tazapay was created to combine both card and real-time payment methods as a full-stack service for…
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