The life insurtech will use this and the $200 million that it recently raised to fund an expansion—just as interest in life insurance innovation is ticking up.
Currencycloud provides API-based foreign exchange banking and payments services and can help Visa strengthen its position in the cross-border payments market.
Green Dot teams up with Finicity on outside app access: Green Dot will let its neobank’s customers access third-party apps via the Mastercard unit Finicity’s API system. This collaboration could be a forerunner to similar arrangements with Walmart or another of Green Dot’s partners.
Neobanks’ account base will more than double by 2026: A study from ABI Research projects that global accounts from a sample of top neobanks will skyrocket—but the next metric may shift from account volume to whether challengers can become their users’ primary banks.
Happify Health launched the first-ever prescription digital therapy for anxiety and depression, giving it a competitive edge over its peers—but if DTx companies want doctors to prescribe their apps, they’ll need insurers on their side.
Investment fintech Titan raises $58M and although it faces tough competition from other fast-growing fintech players in the space, Titan’s differentiated active strategies and focus on a younger demographic portends further strong growth.
The neobank is seeking to cash in on a rebound in overseas travel with a booking product that includes 10% cashback—the launch will also let the company promote existing travel offerings and drive engagement with its app.