With new mobile app Revolut Junior, global finance platform Revolut wants to get children into the money business, according to a press release. Revolut Junior will be targeted at children from the ages of 7 to 17, and will aim to teach them about finances,...
Brazilian banking startup Nubank is going to launch its Nu credit card in Mexico in an attempt to capture a piece of the country’s population of 36 million unbanked, according to a report by TechCrunch. Nubank is valued at around $10 billion, and it’s based...
Indonesia-based Traveloka has partnered with Bank BRI on a credit card for Indonesia’s underbanked. The travel and lifestyle platform has received investments from the likes of JD.com, Sequoia Capital and Hillhouse Capital, according to Deal Street Asia. Speaking at a conference in Singapore, Traveloka Group...
JPMorgan Chase is committing $25 million to its Financial Solutions Lab in an effort to help grow and develop FinTech solutions for people in underserved communities. The money will help the lab invest in ways to help people and work on a specific model for...
Generation Z is growing up. The oldest members of the generation born between the mid-90s and the mid-2010s (specific year ranges vary depending on who is supplying the figures) are graduating from college, getting their first jobs and starting to form their relationships with credit...
An Indian neobank called NiYO Solutions has raised $35 million in a funding round to grow the business and expand some products beyond the region, according to a report by TechCrunch. NiYO has been around for about four years and is based in Bangalore. It...
Twitter CEO and Square Co-Founder Jack Dorsey has started an initiative to help entrepreneurs who are refugees use mobile and card payments, to aid in growing their businesses, according to a report by Reuters. Square, designed to help give financial ability to people rejected by...
Call it the curse of innovation, perhaps. It’s that tendency (seen often in payments and commerce) to always think years, or a decade or two, ahead. The future is always coming — the present is just a bridge. Such a mindset certainly pays handsome dividends,...
The Consumer Financial Protection Bureau (CFPB) has expanded a financial education tool called Misadventures in Money Management (MiMM), which is aimed at educating service members and helping them manage their money. The CFPB announced the expansion on Thursday (May 23). MiMM was initially created for...