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Discover the Demise of Tally and Score, Klarna's Banking Expansion, and More!
In this week's roundup, we explore the closure of Tally and Score, two prominent fintech companies, as well as Klarna's bold move into banking. Plus, get insights into the latest funding rounds and business expansions in the fintech industry.
The Big Story: Tally, a beloved player in the credit card debt management space, recently shuttered its operations despite raising significant funding. On the other hand, Score, a unique dating app for individuals with good credit, also closed down unexpectedly. These closures highlight the challenges faced by fintech startups in today's competitive landscape.
Analysis of the Week: Klarna, the Swedish fintech giant known for its buy now, pay later model, made waves with its foray into banking. With new offerings like a "balance" account and cashback rewards, Klarna is poised to disrupt the traditional banking sector. Keep an eye on this innovative player as it takes on established incumbents like Bank of America and JPMorgan Chase.
Dollars and Cents: Revolut's impressive $45 billion valuation and PayZen's successful $32 million Series B round showcase the strength of the fintech market. Additionally, TipRanks' acquisition by Prytek for $200 million underscores the growing demand for AI-driven financial analytics platforms.
What Else We're Writing: Explore our list of fintech companies actively hiring talent in the industry. Stay updated on the latest job opportunities and industry trends by checking back regularly for updates.
High-Interest Headlines: Citi and Wells Fargo's participation in a $31 million funding round for Setpoint, Airwallex's $500 million annualized sales milestone, and Sling Money's $15 million raise for its money transfer app are just a few of the notable headlines shaping the fintech landscape.
Podcast Listens: Tune in to the Equity podcast as the team discusses the closures of Tally and Score, along with insights from industry experts on building successful software businesses.
In conclusion, stay informed and engaged with the latest developments in the fintech world to make informed decisions about your finances. Whether you're an investor, entrepreneur, or consumer, the fintech industry offers endless opportunities for growth and innovation. Stay tuned for more updates and analysis from TechCrunch Fintech!