Miami-based Onyx Private, a Y Combinator-backed digital bank that provided banking and investment services for high-earning Millennials and Gen Zers, is terminating its bank operations. In a March 13 email to a customer viewed by TechCrunch, with a subject line that read: “Important Notice: Termination of Bank Operations and Account Closure” Onyx wrote, “We are […]
Griffin Bank has a license to thrill
Welcome to TechCrunch Fintech (formerly The Interchange)! I’m filling in for Mary Ann, who is on a much deserved break. This week, we look at Griffin Bank getting its license ahead of some heavy hitters, and we go inside Stripe’s annual letter, some funding rounds, and more! The big story A top story for this […]
India’s Paytm secures third-party app license ahead of bank unit curb
The National Payments Corporation of India, the firm that built the eponymous UPI rail in the country, approved Paytm’s application to participate in the payments ecosystem as a third-party application provider, delivering much-needed relief to the financial services firm that serves more than 300 million users and over 10 million merchants in the South Asian […]
Indonesia fintech Wagely makes bank while helping the unbanked
Wagely, a fintech out of Indonesia, made a name for itself with earned wage access: a way for workers in Southeast Asian countries to get advances on their salaries without resorting to higher-interest loans. With half a million people now using the platform, the startup has expanded that business into a wider “financial wellness” platform, […]
Netizens Praise LE SSERAFIM For Their Attitude And Behavior During Their “Music Bank” Encore Stage
LE SSERAFIM is being praised for their attitude during their Music Bank encore following previous criticism. The members of LE SSERAFIM | @le_sserafim/Instagram During the February 29 episode of M Countdown, LE SSERAFIM received criticism for their encore stage. On March 1, LE SSERAFIM performed on Music Bank, where they did stages for “EASY” and “Smart.” [Video could not be […]