Apple Pay captures just 2.4% of in-store transactions; & more!
Happy Monday from Vegas!
The Money2020 event is always about networking and big announcements from the industry, and boy do I have one for you today:
I’m proud to announce that I have joined the board of advisors at Choice Fin!
We met with the full advisory board for drinks yesterday, and they are even nicer in person than I know them through our Zoom calls and can’t wait to meet with them again soon.
For people that don’t know Choice Fin yet, here is some more info:
Choice Fin provides thoughtful and tailored global banking services. An accomplished BaaS sponsor bank since 2017. Furthermore, the FinTech provides a wide array of financial and technological solutions guided by a #PeopleFirst mission.
Choice Fin is a part of Choice Bank, a community bank dedicated to enhancing the quality of life and economic viability of families and businesses.
Tim, thanks for having me as an advisor and looking forward to the our next meeting together with Jeff Siberman, Ashvin Mathew, and Roger Applewhite.
More updates from Vegas in tomorrows email, so stay tuned!
Now on to todays news:
In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here.
NEWS HIGHLIGHT
Apple Pay captures just 2.4% of in-store transactions. Apple Pay retains its commanding lead over other mobile wallets used for in-store payments in the U.S. — but its share of all in-store transactions remains negligible. Link here
BREAKING NEWS
Sezzle signs new $100M credit facility. The new facility replaces its prior facility with Goldman Sachs Bank and Bastion, and will support Sezzle’s operations in the U.S. and Canada. Link here
FINTECH NEWS
BigPay adds three new services to its major payment license issued by the Monetary Authority of Singapore for account issuance service, domestic money transfer, and e-money issuance service in Singapore. Link here
Cardless targets brick-and-mortar shoppers. They are planning a digital-first rewards credit card with American Express that targets shoppers at stores and restaurants leasing space. Link here
Current migrates to Visa DPS Forward Platform. Leading U.S. financial technology platform announced it has successfully seamlessly migrated to the Visa DPS Forward platform. Link here
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DIGITAL BANKING NEWS
Uils wants to lend LatAm’s rideshare drivers cash. To use Uils, drivers download an app, fill out an application, and connect the app to the ridesharing platforms for which they drive via an API. Link here
SPONSORED CONTENT
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PARTNERSHIPS
Talenthouse to partner with Nerve. Through this partnership, TalentPlus plans to launch in the US in late-November and move into several markets in 2023 including the UK and Latin America. Link here
Synapse partners with American Bank. The partnership will enable fintech companies to build and deliver innovative digital financial services to their customers. Link here
Investmint raises $2 million in seed funding. The fund raised will be used to expand its product, engineering, and quantitative research teams to create a world-class product. Link here
Landis grabs $40 million to turn renters into homeowners. The Series B funding was led by GV, which was joined by Sequoia Capital, Jay Z’s Roc Nation fund Arrive, and others. Link here
Perch closes $4 million Series A. Toronto-based mortgage fintech will use the $4 million investment from Series A funding to continue scaling and growing its operations team. Link here
Upkeep announces $2M seed funding. The round was co-led by The Anthemis Female Innovators Lab Fund and 1517 Fund (early Loom and Figma backers), and angel investors, including Coco Meers. Link here
This ends Your Daily Fintech News. Let me know if there are any questions or comments. Until the next!
Regards,
Marcel van Oost