Video games are some of the most lucrative apps in the world, in part because of how they lure people into spending money on credits to buy digital goodies, to the tune of more than $ 50 billion annually worldwide. But a powerful consumer group in Europe believes games publishers are “purposefully tricking consumers,” especially […]
Payoneer scoops up Skuad, Robinhood’s strong Q2, and X is making progress on payments
Welcome to TechCrunch Fintech! This week, we’re looking at Payoneer’s $ 61 million acquisition of Skuad, Robinhood and Dave’s second-quarter results, X’s progress on its payments and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story […]
Conduit’s cross-border payments expand from LatAm into Africa with $6M round
Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually. A report by Airwallex forecasts that the value of cross-border payments will grow by 60%, reaching $ 250 trillion by 2027. Between 2018 and 2022, the […]
How a B2B payments startup won Max, Jack and Sam Altman, JP Morgan as investors
It’s not everyday that OpenAI founder Sam Altman teaches your class at Stanford, but that’s the kind of entrepreneurial spirit Lawrence Lin Murata, co-founder and CEO of Slope, tapped into as he and Alice Deng build their B2B payments company. “We met back in 2016 when he taught a class called ‘How to Start a […]
Adaptive builds automation tools to speed up construction payments
The construction industry has a slow payments problem. Studies have found that it takes anywhere from two to three months on average for construction companies to get paid, due to factors such as delays, multiple payment layers and cost overruns. The cost of sluggish construction contract payments climbed to $ 273 billion in 2023, representing […]