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Accion and VC Quona Raise $141M To Fund Unbanked Focused Startups

PYMNTS

Aiming to back and support FinTech startups focused on the underserved, Accion International and VC Quona Capital raised $141 million in funding. According to a report , the funding came from multiple institutional investors in support of FinTech startups that focus on those who are shutout of traditional banking systems around the globe.

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Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

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Top News In Payments: Revolut Collaborates With Mastercard; Visa’s She’s Next Initiative Makes Global Leap

PYMNTS

In today’s payments news, British FinTech startup Revolut is teaming with Mastercard to help it expand into the U.S. SoftBank is reportedly in advanced discussions to take over WeWork, which was once one of the hottest startups until it fizzled amid talks of a canceled IPO and internal strife. by the end of this year.

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FinTechs, AI And The Rise Of SMB Credit In Brazil

PYMNTS

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. In essence, nobli functions as a Credit-as-a-Service provider.

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Why Hello Kitty Has A Credit File

PYMNTS

The money is being earmarked across a number of initiatives, designed to combat synthetic fraud. As Harris noted during the discussion, synthetic fraud essentially centers around creating a person (a fictitious one, in this case) — where bad actors can and do use fake names, Social Security numbers or birthdates, and build credit histories.

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Bitcoin Daily: Coinbase Scoops Up Blockspring; BitPay Claims $1B+ In 2018 Transactions

PYMNTS

And Coinbase has scooped up a California startup called Blockspring , which helps companies make use of data from application programming interfaces (APIs), according to reports. With the deal, the startup’s team will reportedly join Coinbase. Blockspring had reportedly notched $3.5

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Bitcoin Daily: New Data Set To Help Flag Illicit Crypto Transactions; MIT Study Finds Only 2 Pct. Unlawful

PYMNTS

A big part of this research is minimizing the number of false positives,” Elliptic Co-Founder Tom Robinson told CoinDesk. On July 24, the Ministry of SMEs and Startups announced that Busan will host a range of blockchain offerings related to finance, public safety and tourism.