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Sift raises $1.5 million to unlock your credit cards
Did you know that your credit cards can do amazing things? Aside from drawing you into crippling debt while forcing you to be part of the vast cycle of economic servitude, credit cards also offer cash-back on purchases, protection on items you buy and refunds! That’s what Sift wants to help you unlock. Read More
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A new tool can crack a credit card number in six seconds
In what amounts to a very clever brute force attack, a group of researchers has figured out how to find credit card information – including expiration dates and CVV numbers – by querying ecommerce sites. The process, which was outlined in IEEE Security & Privacy, involves guessing and testing hundreds of permutations of expiration dates and CVV numbers on hundreds of… Read More
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Levchin’s Affirm secures $100M credit line from Morgan Stanley
This morning, fintech startup Affirm announced a new $100 million credit line from Morgan Stanley. The money will go directly to supporting the company’s current financial products that help customers purchase goods and spread their expenses over a period of time. Morgan Stanley is not the first institutional lender to issue a line of credit to the company. In May of 2015, Affirm closed… Read More
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Blispay, the financing program for SMBs, raises $12.75M in seed funding
Big box retailers like Best Buy and Target have all kinds of financing card programs for their customers. But smaller and medium-sized merchants have no way to give their customers the same kind of financing plans. Until now. Blispay is a new startup founded by Greg Lisiewski, formerly of BillMeLater, which was acquired by PayPal for nearly $1 billion in 2008. From that point, he served as… Read More
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With Privacy, you can create virtual debit cards to protect your online payments
Meet Privacy, a new startup with a confusing name but an interesting product. Privacy lets you generate a virtual burner card every time you need to enter your credit card number on the web. Your actual credit card number stays safe, and you get more control over your online subscriptions. Read More
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LendUp Scores $150M For A Credit Card That Won’t Screw You Over
Banks are so greedy that LendUp can undercut them, help people avoid debt, and still make a profit on its payday loans and credit card. Not only is software eating finance, but morality is too. LendUp’s slogan is “Ladders Not Chutes”. Building a business that doesn’t try to exploit everyone has not only brought it years of double-digit monthly growth. LendUp has now… Read More
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YC-Backed Final Raises A Million For Its Fraud-Fighting Credit Card
Credit card startup Final, which is focused on combating fraud online and off while giving consumers more control over their spending, has raised $1 million in seed funding from investors including Ludlow Ventures, T5 Capital Partners, Y Combinator and other fintech angels, in advance of the launch of its 2015 pilot program. The company tells us it already has 37,000 consumers signed up on… Read More
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