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Tag: US

Square picks up struggling Yik Yak’s tech team for $3m

Payments company Square is taking struggling social app Yik Yak’s development team off its hands for $3m. Read more: www.fintechroundup.com

Allianz backs InsurTech darling Lemonade

InurTech startup Lemonade has secured funding from global insurance giant Allianz. The terms of the deal are undisclosed. Read more: www.fintechroundup.com

Slight gains for payments stocks

Payments stocks were weighted just a bit to the upside as earnings season got officially under way. Read more: www.pymnts.com

Non-wealthy consumers need financial innovation, too

The marketplace for services to help struggling families balance their short-term and long-term financial needs is improving, but is still insufficient. Read more: www.americanbanker.com

Token takes $15.7m to get banks ready for PDS2

Open banking compliance platform Token has secured a $15.7m investment from investors as the introduction of PDS2 nears. Read more: www.fintechroundup.com

Nasdaq launches venture fund to forge FinTech deals

Investing under the title Nasdaq Ventures, the programme will make minority stake investments from below $1m to $10m in seed through to late-stage round. Read more: www.fintechroundup.com

AT&T explores cryptocurrency car payments in new patent filing

Digital currency payments in vehicles may not be far off, if the ideas in a new patent application from telecom giant AT&T enter real-world use. Read more: www.coindesk.com

Can Lemonade catch on with customers?

InsurTech start-up Lemonade is relying on behavioural economics and speed to attract customers to its new homeowners policy. Read more: insuranceblog.accenture.com

Bitcoin MSB exemption goes to New Hampshire for approval

Senators in New Hampshire have passed a bill that would exempt digital currency traders from money transmission regulations. Read more: www.coindesk.com

Spreads widen at bitcoin exchanges amid Bitfinex banking issues

The world's largest bitcoin exchange by USD volume traded nearly $100 above some of its exchange counterparts earlier today. Read more: www.coindesk.com