Marqeta reported a 53% YoY increase in total processing volume in Q2. Outgoing CEO Jason Gardner outlined growth plans for H2.
More than anything else, cash-back credit card customers want security and control. Free identity theft insurance and Social Security number monitoring are by far the most valued features among potential users of these cards in the US. These consumers also look for ease of earning and redeeming rewards.
Oscar Health halts new deals on IT platform for 18 months: Oscar hit a snag with its Health First deal and is directing focus there. Its insurtech peers face troubles, too.
The VC’s $100M fund for early-stage startups in the Latino community is the latest in a growing number of niche-focused funding rounds.
This week Australia, Hong Kong, and the US considered next steps for developing central bank digital currencies.
They say their highly regulated sector is the safest place for innovation. Is that argument strong enough to compel regulators to act?
Payments firms may see this as an opportunity to snap up companies, which may help boost business efficiency.
Fintech companies worldwide garnered $50.7 billion in funding during H1 2022, down nearly 23% year over year. Still, this sum is already higher than 2020’s total of $49.5 billion, indicating a greater trend of increased funding.
Finally, some good inflation news: The US consumer price index didn’t increase in July, which could restore some faith in ad spending.
The number of financial services deals declined 31% compared to Q1.
It expanded its Visa Direct integration so US customers can send payments to eligible Visa cardholders in six countries.