Fintech Startup Cushion Faces the Bank and Credit Card Fee Industry Head On – Press Release – Digital Journal

Fintech Startup Cushion Faces the Bank and Credit Card Fee Industry Head On – Press Release  Digital Journal
“startups when:1d” – Google News

What is the best card program that supports issuing cards to non-us citizens

I want to build a small platform for an emerging market to be able to generate a virtual card for online purchases. I am thing about using Stripe Issuing or Marqeta but I am not sure if they support platforms to issue cards outside of US. Note: I have an US incorporated company.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Spendesk raises another $18 million for its corporate card and expense service

French startup Spendesk has added $ 18 million to its Series B round. The company already raised $ 38.4 million as part of its Series B last year, which means that it raised $ 56.4 million as part of this round. Eight Roads Ventures is investing in today’s extension round.

Spendesk, as the name suggests, focuses on all things related to spend management. The company issues virtual and physical cards for employees, lets you set up an approval workflow and manages expense reimbursements. It can also centralize all your invoices and receipts on the platform.

By centralizing everything on the same platform, it lets you control your spending in real time and save time on accounting tasks. Reconciliation is easier if you combine transactions and receipts on Spendesk. Clients can also export data to Xero, Datev, Netsuite or Sage.

Image Credits: Spendesk

For big expenses, you can send a request to your manager. If they approve your request, you receive a single-use virtual card for that expense.

Similarly, if your company gives you a physical debit card, you get a pre-defined budget. Your manager can top up your card for big expenses, block ATM withdrawals, block weekend transactions and more. Employees can check their payments from the mobile app, see their card balance and add receipts.

Spendesk is a software-as-a-service product with a monthly subscription fee. While transactions have probably slowed down due to the economic crisis, the company says that its subscription revenue has doubled year-over-year. In just a year, the company grew from 100 to 200 people.

It remains focused on small and medium companies across Europe. There are 40,000 people using Spendesk through their companies. Clients include Algolia, Curve, Doctolib, Raisin and Wefox. The company has hired Joseph Smith as Chief Revenue Officer, pictured left above with the company’s CEO Rodolphe Ardant (pictured right).

Image Credits: Spendesk

Startups – TechCrunch

2020 IPO report card: Are tech’s newest public companies meeting expectations?

As the American election looms and the IPO cycle slows some, it’s a good time to review how well the public offerings we have seen thus far have performed.


The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.


Welcome to a Monday morning data rundown discussing how well the latest-stage startups that went public this year have performed after their first day. We’ll be awarding letter grades for post-IPO performance as well, because we can.

So, how did Snowflake do compared to Vroom, both stacked next to JFrog and One Medical? Let’s find out.

Ranking 2020’s IPOs

The fine folks at my former publication Crunchbase News have a running list of 2020 IPOs, which will help us not miss any names. Of course, we’re not going to include every possible deal; there have been some marginal debuts that we can leave behind.

But, the majors matter. So let’s get into them now:

  • Snowflake: It priced above its raised range. Then it went up sharply. From an IPO price of $ 120 per share, Snowflake is worth $ 250 per share today. That’s so expensive, compared to the data-focused Snowflake’s revenue, that I can hardly figure out what the hell its price means. The company’s valuation got so rich that we wrote that all tech companies should go public to take advantage of the rich market. This year’s standout IPO. A+
  • Unity: Unity’s IPO was a source of wonder for those curious about the economics of the gaming world. For us finance dorks, it was also a right corker. We were impressed. So were investors. After setting a $ 34 and $ 42 per share IPO range, Unity raised it to $ 44 and $ 48 per share. Then it went public at $ 52 per share. Today it’s worth $ 94.50 per share, or around $ 25 billion. It was priced at $ 6 billion, give or take, in its final private round. A huge win of an IPO. A

    Startups – TechCrunch

Months-old Uni raises $18.5 million seed round to expand India’s credit card market – TechCrunch

Months-old Uni raises $ 18.5 million seed round to expand India’s credit card market  TechCrunch
“startups when:1d” – Google News

Coinbase lets you withdraw funds to your debit card

Cryptocurrency exchange Coinbase is adding a new way to withdraw funds from your Coinbase account. If you’ve added a compatible debit card to your account, you can transfer USD, EUR or GBP to your bank account nearly instantly.

There are some drawbacks, and the main one is that you’ll pay a lot of fees. In the U.S., Coinbase deducts 1.5% from the transaction, or a minimum $ 0.55 if it’s a small transaction. In the U.K. and Europe, you pay 2% in fees or a minimum fee of £0.45/€0.52, respectively.

You also need to have a compatible card. Not all debit cards support incoming transfers. You need to have a Visa card that supports Visa Fast Funds. In the U.S., you can also use a Mastercard card with Mastercard Send.

It’s hard to know whether your bank or card issuer support those features. The best way to figure it out is probably by adding your card to Coinbase and seeing what Coinbase says.

Coinbase isn’t removing other withdrawal methods. For instance, if you’re looking for a cheaper way to withdraw your funds in Europe, a SEPA bank transfer costs €0.15 per transfer. And Coinbase supports instant SEPA transfers if your bank has enabled that.

The company also lets you link your PayPal account with your Coinbase account. Your funds should hit your PayPal account within a few seconds, and there are no fees on Coinbase’s side.

As you can see, there are many ways to move money from your bank account to your Coinbase account. Some of them are slower than others, some of them are more expensive than others. Crypto-to-crypto transactions are a bit simpler by comparison, as you only need your recipient’s wallet address to send tokens.

Image Credits: Coinbase

Startups – TechCrunch

Coinbase lets you withdraw funds to your debit card

Cryptocurrency exchange Coinbase is adding a new way to withdraw funds from your Coinbase account. If you’ve added a compatible debit card to your account, you can transfer USD, EUR or GBP to your bank account nearly instantly.

There are some drawbacks, and the main one is that you’ll pay a lot of fees. In the U.S., Coinbase deducts 1.5% from the transaction, or a minimum $ 0.55 if it’s a small transaction. In Europe and the U.K., you pay 2% in fees or a minimum fee of £0.45/€0.52.

You also need to have a compatible card. Not all debit cards support incoming transfers. You need to have a Visa card that supports Visa Fast Funds. In the U.S., you can also use a MasterCard card with MasterCard Send.

It’s hard to know whether your bank or card issuer support those features. The best way to figure it out is probably by adding your card to Coinbase and see what Coinbase says.

Coinbase isn’t removing other withdrawal methods. For instance, if you’re looking for a cheaper way to withdraw your funds in Europe, a SEPA bank transfer costs €0.15 per transfer. And Coinbase supports instant SEPA transfers if your bank has enabled that.

The company also lets you link your PayPal account with your Coinbase account. Your funds should hit your PayPal account within a few seconds and there are no fees on Coinbase’s side.

As you can see, there are many ways to move money from your bank account to your Coinbase account. Some of them are slower than others, some of them are more expensive than others. Crypto-to-crypto transactions are a bit simpler by comparison as you only need your recipient’s wallet address to send tokens.

Image Credits: Coinbase

Startups – TechCrunch