CapWay, a Y Combinator-backed fintech that sought to bring financial services to those in so-called “banking deserts,” has been shut down, according to its founder Sheena Allen. Allen wrote about it on LinkedIn and confirmed to TechCrunch. “I am proud of the work we were able to accomplish, but honestly disappointed that we couldn’t complete […]
Fintech OpenBB aims to be more than an ‘open source Bloomberg Terminal’
Fledgling fintech startup OpenBB is revealing the next step in its plans to take on the heavyweights of the investment research world. The company is launching a new, free version of a product that will open its arsenal of data and financial tooling to more users. OpenBB is the handiwork of software engineer Didier Lopes, […]
Kenya fines Baltic fintech Eleving’s local arm for misleading customers
Kenya’s competition authority has fined Baltic lender Eleving‘s Kenyan subsidiary for misleading its customers, casting a spotlight on the continuing unethical operations of a section of digital lenders in the country despite a new law. The Competition Authority of Kenya (CAK) imposed a fine of $ 84,120 on Eleving subsidiary Mogo Kenya for violating competition […]
Announcing the final agenda for the Fintech Stage at TechCrunch Disrupt 2024
We’re incredibly excited to announce the final agenda for our dedicated Fintech Stage at TechCrunch Disrupt 2024. It joins Space, SaaS, AI and Builders as the other industry-focused stages — all under one big roof. As the fintech industry evolves, new opportunities abound for founders, investors, and customers. Areas such as mobile banking, global payroll, digital […]
Former Brex COO who now heads unicorn fintech Figure says GPT is already upending the mortgage industry
Lending startup Figure announced today a rollout of AI tooling to make the home lending process more efficient. The company will be launching an AI tool powered by GPT-4 to help catch errors in lending documents. Figure, founded in 2018, specializes in helping consumers secure home equity lines of credit. The company touts that its […]