Small Business News
FinTech News
Mastercard Announces "Mastercard Installments" BNPL Program
Mastercard is getting in on the financing craze. This week, the company announced that Mastercard Installments will soon debut in the United States, Australia, and the United Kingdom. The new feature will enable banks, FinTechs, and others to offer "buy now, pay later" options to customers. Specifically, the company notes that Installments will take on a 0% interest, pay-in-four model akin to those used by Afterpay, Klarna, and others. To...
FinTech News
Renter Cash Back Platform Stake Announces $4 Million Funding Round
A FinTech that helps renters earn cashback has just raised some money of its own. This week, Stake announced that it had closed a $4 million funding round. The seed round was led by Shadow Ventures while Hometeam Ventures, Olive Tree Holdings, Blue Field Capital, Hampton VC, Gaingels, and Silicon Valley Connect managing director Ellen Levy also participated. Stake is a rewards program that allows renters to earn cashback when they make on-time payments. To...
Personal Finance
Survey Finds Americans Save Average of $757 with Credit Card Rewards
Love them or hate them, the use of credit cards is on the rise. Additionally, despite this form of payment often being associated with debt, it seems as though a number of consumers are using plastic (or metal) to their benefit. In fact, according to a new survey commissioned by SlickDeals, Americans save an average of $757 per year thanks to credit card rewards. In terms of how many credit...
FinTech News
Goldman Sachs to Acquire Buy Now, Pay Later Platform GreenSky
It looks as though Goldman Sachs is joining the "buy now, pay later" (BNPL) trend. Recently, the bank announced plans to acquire GreenSky in an all-stock transaction valued at approximately $2.24 billion. At this time, the deal is expected to close in Q4 2021 or Q1 2022. GreenSky currently works with more than 10,000 merchants, allowing them to offer financing options to their customers. According to their press release, Goldman...
Small Business News
Amex Partners with Extend to Offer Small Businesses Virtual Cards
There's no question that the payments landscape has evolved greatly in just the past few years. In addition to the growing popularity of mobile and contactless payments, another technology that started to catch on is virtual cards. These uniquely generated cards can be used for one-time purchases, subscriptions, or just about anything else. Now, American Express is making virtual cards more readily available to small business owners in the United...
FinTech News
Robinhood Opens Waitlist for Crypto Wallets
At long last, Robinhood is expanding its cryptocurrency platform. According to a blog post from the company, it will begin rolling out its crypto wallet feature to select users next month. Ahead of that, customers can now join the waitlist (although they will need to update their app before doing so). Users can also move up their place in line by inviting friends to join the app. Until now, while...
FinTech News
