The company has announced that it has entered the second phase of its efforts to open an digital-only bank on the continent.
Square is reapplying with the FDIC for a special industrial loan company license, which would eliminate dependence on outside banks.
The firm is introducing the Square Card, a debit card that businesses can use to withdraw and spend cash acquired through Square payments.
South African-based JUMO is a fintech startup dedicated to serving underbanked and unbanked customers in less industrialized regions.
SoFi plans to begin enabling users to purchase digital currencies through a partnership with trading platform Coinbase.
$390 million came from the Vision Fund with Clermont providing the remaining capital, according to CNBC.
A bipartison group of senators expressed concerns about the SEC's ability to regulate fintech startups in a recent letter.
Wealthfront founder Dan Carroll believes that their mostly Millennial audience is a prime audience for digital banking.
The SEC has reached settlements with two robo-advisers after charging them with violating rules on anti-fraud, advertising, and compliance.
Sources within London’s fintech scene tell Techcrunch that the company is stealthily recruiting for a new U.K. office.
