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Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition

TechCrunch

Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. In other words, it provides the tools for companies — fintechs and otherwise — to provide cards, wallets and other payment mechanisms.

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How to hire the right product manager for your IT needs

CIO

IT organizations are increasingly shifting from project-based organizational structures to product-based methodologies , which involve cross-functional teams. Product managers aren’t a new job category by any means, but this shift means that they’re newly prominent and important to many companies’ strategies.

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Despite the venture slowdown, fintech startups are still hiring

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. Here’s what I found out: Seven fintech companies ranked in the top 50: Brex (No. 4), Ramp (No.

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Fintech app Portabl raises $2.5M to help consumers securely store financial data

TechCrunch

Fintech Portabl announced the closing of a $2.5 It provides identity management and protection for financial services, banking and consumer apps, but Soffio calls it a financial digital passport, which helps with user identification, making the task less cumbersome for both consumers and financial services.

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Gloria Lin thinks construction needs to ‘catch the wave of fintech’

TechCrunch

As head of product at the news aggregator, Lin led the growth of Flipboard’s user base from zero to more than 100 million users across 14 international markets. . In general, Lin — who got a master’s degree in electrical engineering from Stanford University — admits that she “loves building fintech infrastructure at scale.”

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BNPL in 2022: 4 fintech investors discuss regulation, trends and how to stand out

TechCrunch

Despite the popularity of the model, it appears there are a variety of applications for which BNPL is just being tapped, and smaller players are carving out a niche as the retail market grows crowded. We believe building fintech products (versus other classes of products) with geo-specific dynamics in mind is key to their success.

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Open banking startup Finverse wants to build the Asia-Pacific region’s Plaid

TechCrunch

Finverse is among a crop of fintechs developing APIs that allow easier sharing of financial data. Before starting Finverse in 2020, Lesaffre was senior product manager of financial data integrations at NerdWallet, working with account aggregation APIs like Plaid and legacy player Yodlee.

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