Financial Services

Established fintechs are increasingly commanding funding—and the space’s maturation will herald more exits and pressure from investors to demonstrate a path to profitability

Monzo’s BNPL offering could boost its bottom line: Its new Flex product includes longer repayment periods that come with interest—but transparency and a retroactive BNPL choice could make customers more comfortable with taking on debt.

Fifth Third’s healthcare neobank deal bears early fruit: Provide beat its expected loan performance in August—indicating that the recently acquired player’s focus on a large professional niche could benefit the incumbent’s bottom line.

More than half of US adults were first taught about investing by either themselves or nobody.

Groww is in talks for a new raise that would triple its valuation to $3B as investors eye huge user acquisition opportunities for local fintechs.

The banking giant will buy fintech GreenSky in a deal worth about $2.24 billion, broadening the line of products available to consumers through its direct bank unit.

UK banks accused of blaming fraud victims: A consumer watchdog publication reports that banks aren’t adhering to their industry code’s threshold in disputes on fraudulent payments. The report may hurt banks’ reputations and help competitors woo away customers.