Pedro Franceschi’s Post

Just keep shipping, just keep shipping 🐠 ! So proud of our team for shipping not one but two meaningful partnerships today with Stripe and Column, addressing problems founders face regularly: 1) With our new Stripe Atlas partnership, startups can apply for a Brex business account right after incorporation - even while they wait for their EIN! 2) In partnership with Column, we've supercharged our Brex business account—combining Checking, Treasury, and Vault -- creating a banking experience that takes every dollar further so founders can begin earning from their first $1! (unlike others who require $500K!) 🚀 🚀

Another step forward for the (unbiasedly) best banking solution in the market 😤

Fintech Rundown: A Rapid Review of Weekly News There was a lot of news week in the payments world, where we saw announcements from large firms such as Visa and PhonePe, as well as smaller players like Cleva. Across the board, there also seem to be a fair number of C-level job shifts, which makes sense for the start of the year. Challenger Banking Nubank’s Nu Colombia receives formal approval to operate a financing company in Colombia. Payments Cleva raises $1.5 million pre-seed funding to help non-U.S. residents open a U.S.-based account to receive USD payments. PhonePe appoints Ritesh Pai as CEO – International Payments. Allied Payment Network receives undisclosed amount of funding from RF Investment Partners. Optty’s merchant clients and partners to leverage Link Money’s Pay by Bank solution. Finix launches Payouts for fast and secure money movement. Bluefin launches new ShieldConex capability with enterprise security proxy service. Visa Direct adds more digital wallets through Simplii and CIBC. Currencycloud inks partnership with cashflow management platform multi. Andaria partners with Mastercard to empower its embedded finance initiatives. Rivero raises $7 million in Series A funding to supercharge growth. ACI Worldwide forges payments technology partnership with U.K. retailer Co-op. Financial management MSU Federal Credit Union’s Reseda Group launches Ever Green Financial Wellness Center to help credit unions promote financial literacy and education. Brazil-based expense management and corporate card company Conta Simples raises $41.5 million in Series B funding. Intuit integrates TurboTax into Credit Karma and QuickBooks. Wealth Management Kinecta Federal Credit Union announces an integration with cloud-based wealth management solutions provider FusionIQ. Bits of Stock’s Stock Rewards Checking Account is now accessible through Jack Henry’s Banno digital banking platform. InvestCloud appoints Jeff Yabuki as Chairman and CEO. DeFi E-commerce company Mercari to allow Bitcoin payments. NoahArk Tech Group secures $2.4 million in a strategic investment from EOS Network Ventures (ENV). USDC stablecoin issuer Circle files confidentially for an IPO. Nayms Launches an Institutional Tokenized (Re)insurance marketplace on Base. Lending Qashio and CredibleX launch Qashio Financing. Owners Bank expands partnership with Biz2X to include partner origination oprtal. Identity Management Digital signature firm Videosign partners with digital identity verification company OneID. Socure’s Socure ID+ platform earns authorization from the State Risk and Authorization Management Program (StateRAMP). Digital Banking Redwood Capital Bank taps Apiture for digital banking platform. KlariVis reaches 100-customer milestone, secures $11 million in Series B funding. Compliance and Regtech Inspire Legal selects First AML to increase confidence and autonomy in AML compliance. Photo by Viridiana Rivera The post Fintech Ru...

When the #US based Silicon Valley Bank was collapsing, it was a #neobank, Brex, that really made a killing. The fintech since its founding in 2017 has transformed into a service organization offering business checking accounts, credit cards, employee #expense management and #reporting for scaling businesses. It offers no debit cards but there is a unique corporate credit card where credit limits move in line with the company’s #cashflow. Find more insights in this article by Mohan N, Editor at Banking Frontiers. https://lnkd.in/dVU55rkE

🏦 Understanding Stripe's Banking As A Service (BaaS) Model Let’s dive in: Stripe's Banking-as-a-Service (BaaS) is revolutionizing the FinTech sector by enabling businesses to seamlessly integrate financial services into their existing platforms. This approach diverges from traditional banking, where services like account opening or loan applications were solely bank-driven. Stripe BaaS comprises key products like Issuing for card programs, Treasury for managing financial accounts, and Capital for easy financing. These offerings simplify financial services for users, while Stripe manages the complex regulatory and banking partnerships. Central to Stripe's BaaS success are its strategic partnerships with banks, providing a secure, compliant infrastructure. This collaboration covers critical areas like compliance, risk management, and dispute resolution, ensuring Stripe's services align with regulatory standards. Globally, Stripe holds numerous licenses, facilitating its users' expansion without additional regulatory burdens. Its unique approach in selecting bank partners focuses on diversity, technological sophistication, and scalability, aligning with Stripe's commitment to reliability and security. Redundancy in bank partnerships is another focus, allowing Stripe to tailor services to varied user needs and ensure continuity. Stripe Issuing exemplifies this approach, simplifying the complex process of card issuing and benefiting from Stripe's extensive banking relationships. In summary, Stripe's BaaS offerings mark a significant shift in the digital financial landscape, promoting a more integrated and efficient approach to financial services, and supporting businesses from startups to large enterprises. I highly recommend reading my complete deep dive article for more info: https://lnkd.in/ekcVAefs Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #stripe #payments #paytech #banking #bankingindustry #digitalbanking #bankingtech #baas #bankingasaservice #banktech 

🏦 Understanding Stripe's Banking As A Service (BaaS) Model Let’s dive in: Stripe's Banking-as-a-Service (BaaS) is revolutionizing the FinTech sector by enabling businesses to seamlessly integrate financial services into their existing platforms. This approach diverges from traditional banking, where services like account opening or loan applications were solely bank-driven. Stripe BaaS comprises key products like Issuing for card programs, Treasury for managing financial accounts, and Capital for easy financing. These offerings simplify financial services for users, while Stripe manages the complex regulatory and banking partnerships. Central to Stripe's BaaS success are its strategic partnerships with banks, providing a secure, compliant infrastructure. This collaboration covers critical areas like compliance, risk management, and dispute resolution, ensuring Stripe's services align with regulatory standards. Globally, Stripe holds numerous licenses, facilitating its users' expansion without additional regulatory burdens. Its unique approach in selecting bank partners focuses on diversity, technological sophistication, and scalability, aligning with Stripe's commitment to reliability and security. Redundancy in bank partnerships is another focus, allowing Stripe to tailor services to varied user needs and ensure continuity. Stripe Issuing exemplifies this approach, simplifying the complex process of card issuing and benefiting from Stripe's extensive banking relationships. In summary, Stripe's BaaS offerings mark a significant shift in the digital financial landscape, promoting a more integrated and efficient approach to financial services, and supporting businesses from startups to large enterprises. I highly recommend reading my complete deep dive article for more info: https://lnkd.in/ekcVAefs Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #stripe #payments #paytech #banking #bankingindustry #digitalbanking #bankingtech #baas #bankingasaservice #banktech 

🏦 Understanding Stripe Banking As A Service (BaaS) Model Let’s dive in: Stripe's Banking-as-a-Service (BaaS) is revolutionizing the FinTech sector by enabling businesses to seamlessly integrate financial services into their existing platforms. This approach diverges from traditional banking, where services like account opening or loan applications were solely bank-driven. Stripe BaaS comprises key products like Issuing for card programs, Treasury for managing financial accounts, and Capital for easy financing. These offerings simplify financial services for users, while Stripe manages the complex regulatory and banking partnerships. Central to Stripe's BaaS success are its strategic partnerships with banks, providing a secure, compliant infrastructure. This collaboration covers critical areas like compliance, risk management, and dispute resolution, ensuring Stripe's services align with regulatory standards. Globally, Stripe holds numerous licenses, facilitating its users' expansion without additional regulatory burdens. Its unique approach in selecting bank partners focuses on diversity, technological sophistication, and scalability, aligning with Stripe's commitment to reliability and security. Redundancy in bank partnerships is another focus, allowing Stripe to tailor services to varied user needs and ensure continuity. Stripe Issuing exemplifies this approach, simplifying the complex process of card issuing and benefiting from Stripe's extensive banking relationships. In summary, Stripe's BaaS offerings mark a significant shift in the digital financial landscape, promoting a more integrated and efficient approach to financial services, and supporting businesses from startups to large enterprises. I highly recommend reading my complete deep dive article for more info: https://lnkd.in/ekcVAefs Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #stripe #payments #paytech #banking #bankingindustry #digitalbanking #bankingtech #baas #bankingasaservice #banktech

Alloy, Synctera and Unit discuss the future of embedded finance at TC Disrupt Banking-as-a-service (BaaS), embedded finance and open banking are among the hottest topics in fintech today. The promise? Make opening a bank account, storing money, receiving a payment card and lending money as easy as opening a social network account. The reinvention of banking is well underway, and we’re excited to welcome three key players — Peter Hazlehurst, co-founder and CEO, Synctera; Laura Spiekerman, co-founder and president, Alloy; and Amanda Swoverland, chief compliance officer, Unit — to the Fintech Stage on September 19 at TechCrunch Disrupt 2023. In a session called “Making Money Move with Embedded Finance,” our panel will talk about how a new breed of finance infrastructure companies have the potential to turn any company into a fintech company. Despite a roller-coaster year that featured mergers, acquisitions and layoffs, the BaaS sector is huge and expected to be worth almost $66 billion by 2030. Venture dollars continue to flow. This past March, Synctera raised $15 million to launch embedded products in Canada. In May 2022, Unit closed a $100 million round with a $1.2 billion valuation, and in September, Alloy raised $52 million at a $1.55 billion valuation — just 11 mont...

🚀 Exciting news in the fintech world! Incredible, a groundbreaking credit repayment fintech, has successfully raised $1m in a pre-seed funding round. This innovative startup, founded in 2022, utilizes cutting-edge open banking technology and AI to help users manage and repay their credit card debts more efficiently. Notable investors in this round include former Plaid executive Keith Grose and active angel investor Mark Ransford. Incredible’s platform analyzes users’ financial data, determines optimal monthly credit card repayments, and uses Variable Recurring Payments (VRPs) to streamline payments. Founder Yaseen Rostom highlighted the lack of effective tools for managing diverse borrowing, such as credit cards, personal loans, and car finance, particularly for time-poor millennials struggling with financial management. Despite being a small team of four based in the UK, Incredible has already attracted over 1,500 customers. Looking ahead, the fintech aims to expand its services to include personal loans and car finance management. Incredible is available for download on Google and Apple stores. #Fintech #OpenBanking #AI #CreditRepayment #StartupSuccess #FinancialManagement #Innovation #TechNews 🚀💰📊 https://lnkd.in/eQu3A23Q

🏦 Understanding Stripe Banking As A Service (BaaS) Model Let’s dive in: Stripe's Banking-as-a-Service (BaaS) is revolutionizing the FinTech sector by enabling businesses to seamlessly integrate financial services into their existing platforms. This approach diverges from traditional banking, where services like account opening or loan applications were solely bank-driven. Stripe BaaS comprises key products like Issuing for card programs, Treasury for managing financial accounts, and Capital for easy financing. These offerings simplify financial services for users, while Stripe manages the complex regulatory and banking partnerships. Central to Stripe's BaaS success are its strategic partnerships with banks, providing a secure, compliant infrastructure. This collaboration covers critical areas like compliance, risk management, and dispute resolution, ensuring Stripe's services align with regulatory standards. Globally, Stripe holds numerous licenses, facilitating its users' expansion without additional regulatory burdens. Its unique approach in selecting bank partners focuses on diversity, technological sophistication, and scalability, aligning with Stripe's commitment to reliability and security. Redundancy in bank partnerships is another focus, allowing Stripe to tailor services to varied user needs and ensure continuity. Stripe Issuing exemplifies this approach, simplifying the complex process of card issuing and benefiting from Stripe's extensive banking relationships. In summary, Stripe's BaaS offerings mark a significant shift in the digital financial landscape, promoting a more integrated and efficient approach to financial services, and supporting businesses from startups to large enterprises. I highly recommend reading my complete deep dive article for more info: https://lnkd.in/ekcVAefs Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #stripe #payments #paytech #banking #bankingindustry #digitalbanking #bankingtech #baas #bankingasaservice #banktech