In November 2019, Andreessen Horowitz General Partner Angela Strange famously declared that, “Every company will be a fintech company.” Specifically, Strange projected that — in the not-too-distant-future — “nearly every company” would deri…
The payment landscape in Africa is still fragmented, with several payment operators providing different payment options to customers as well as businesses. Due to this fragmentation, payment failures are inevitable due to factors such as invalid cards,…
Of the many lofty promises of cryptocurrency, one of the most commendable ones is its potential to bring financial inclusion to underserved users. Nairobi-based Kotani Pay is a crypto payments startup with a vision to make cross-border remittances easi…
Open banking — where traditional banks open their data up with APIs to build new financial services for their customers — has the potential to be one of the payment world’s big disruptors: get it to work right, and it could supplant g…
Solana Pay, a decentralized payment protocol by Solana Labs, has integrated its plug-in with Shopify, allowing millions businesses on its platform to use it for payments, TechCrunch was told exclusively. Solana Pay launched in February 2022 and is built on top of the layer-1 blockchain Solana. USDC, the second largest stablecoin with a market capitalization…
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. There was plenty going on as usual — with fintech investors sounding off, payments companies seeing big stock moves and much more. One other note, you can find Mary Ann on TechCrunch’s Equity podcast, which she co-hosts every Friday…
Uruguayan fintech company dLocal saw its stock surge by over 30% on Wednesday on the news that the payments outfit had tapped former Mercado Libre CFO Pedro Arnt as its new co-CEO. Shares closed up nearly 32% at $20.45, after climbing as high as $24.22 earlier in the day, giving the company a $6 billion…
PayPal is gaining a new CEO, the payments giant announced this morning. Effective September 27, 2023, senior Intuit executive Alex Chriss will become PayPal’s President and CEO, replacing current CEO Dan Schulman, members of PayPal’s board shared this morning in a press release. The appointment was made after a months-long CEO search process focused on…
The relationship between fintechs and incumbents has long been fraught with tension. But Marie-Elise Droga believes it doesn’t have to be this way. Droga joined payments giant Visa as SVP, head of global and NA fintech partnerships in December 2022 to lead the development, commercialization and implementation of all Visa products, new payment flow solutions…
The crypto payments space is seeing a surge of activity these days as developers strive to make decentralized finance as user-friendly as web2 experiences. Eco Inc, an a16z-backed payments startup that’s raised $95 million in funding to date, just unveiled a decentralized payments project called Beam. In an interview with TechCrunch, the company’s CEO Andy…
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