VCs boost investment in Black- and Latinx-owned fintechs
More than 97% of venture backing goes go white-owned startups. Firms like Mendoza Ventures, Chingona Ventures and MaC Venture Capital are stepping in to support underserved entrepreneurs.
Venture funding
SoftBank, Viking invest $250 million in Latin American fintech
There’s a new unicorn in Latin America: Clip, a payments fintech in Mexico targeting small and midsize companies.
Which fintechs are best positioned to handle a recession?
In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.
Credit card aimed at thin-file consumers rebrands, raises $12M
Deserve is offering unsecured cards to young adults who do not have traditional credit scores. The Silicon Valley startup uses a proprietary algorithm that analyzes bank account activity to evaluate the likelihood that borrowers will repay.
