Welcome returning to The Interchange, where we see the fintech news that is hottest of the previous week. It’s hard to believe that the year is almost over.

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What a year

This is the last edition of The Interchange for 2023 had been an eventful year, even when financing had been down. We saw a number of M&A task (read than we would have liked.And about it here, here, here and here), BNPL made a comeback (sort of), new fintech-focused venture firm capital raises (Flourish and Vesey), some startup shutdowns (Daylight is one example) and more layoffs, remember when FedNow went live in the U.S. in July? At the time there were 35 institutions that are financial record, and five months later, a lot more than 330 of those have been in the community.It’s never ever a day that is dull the world of fintech. For a broader look back, stay tuned before year’s end for a deeper dive into the fintech that is top we reported on.

Until then, we wished to simply take this chance to offer heartfelt as a result of every body, our visitors, for promoting us throughout every season. We all know you have got an abundance of fintech newsletters to pick from, so that the reality us.As we head into 2024, we wish you and your families a wonderful holiday season and a New Year ahead filled with much love, peace and happiness that you signed up for this one, and keep coming back, means the world to. We are grateful for you. — Mary Ann and ChristineWeekly newsChristine reported on layoffs at CrunchbaseBolt

, an e-commerce and fintech company, which was at one time the subject of a probe that is federal. The business, via a spokesperson, verified the checkout that is one-click laid off 29% of its staff. In an emailed statement, the Bolt spokesperson said the company made the cuts to get Bolt to “an operating model optimized for sustainable growth and efficiency” and itself up “with the speed and agility required for the next phase of our business. so it could set” We’ve been Bolt that is following for, and this new round of job cuts is the latest in a handful of other layoffs made since 2022. In May 2022, Mary Ann reported at least 185 employees, or one-third of its workforce, were let go. Bolt, which provides software to retailers to speed up checkout, raised around $1 billion in total funding that is venture-backed at onetime had been appreciated at $11 billion.Mary Ann reported on a few high-profile government departures this few days. She smashed the news headlines that Credit KarmaChain Reaction podcast co-founder Nichole Mustard could be going down after a lot more than 16 many years during the organization. Mustard’s choice to step-down markings the 3rd understood executive that is high-profile at Credit Karma in 2023. Then she wrote about how

Opendoor

Google Pay to add BNPL options early in 2024 co-founder Eric Wu is leaving the real estate fintech company after 9 years to get back to his startup roots. Notably, Wu has been investing in startups during his time at Opendoor. According to

Visa acquires Brazilian fintech Pismo in USD$1 billion deal, Wu has backed dozens of companies, including Airtable, Scribe, Roofstock and the now-defunct Zeus Living.

Dallas’ Apex Fintech Solutions files for IPO in its second go-public bid

Melio rolls out real-time payments

HR tech platform Checkr moves into payments for gig workers

Deel launches a compliance hub

Repay partners with Green Dot to enable cash-based bill payment

Klarna plans to replace workers with AI to drive profitability

Neobank Dave’s new chatbot achieves 89% resolution rate, CEO saysOver on TC+, Jacquelyn Melinek wrote about the fact that while

Robinhood

’s foray into crypto isn’t necessarily new, the company is still trying to expand its efforts there — even in groups that have typically strayed from the platform. “I think crypto has always been made by very technical people and for technical people,” Johann Kerbrat, the general manager of crypto at Robinhood, said on the . “At the end of the I think customers, when they use crypto, they don’t really care what is the protocol under it day? What’s the community that you’re making use of? They Simply wish the plain thing to work.”

Other items we are reading

(In October, Apple made Apple Pay Later available to all users in the United States, after initially releasing it to a number that is limited of back March.)

(See For Millionaires protection as to how the Pismo/Visa purchase initially came into being.)

  (mind right here to read through a Q&A Mary Ann carried out with Dave’s president in March.)

Funding and M&A

As seen on For Millionaires

:SumUp taps €285M more in growth financing to weather the fintech storm

Stairs Financial platform launches to help first-time homebuyers

Waste management payments firm CurbWaste raises $10M

Fintech startup Pontera raises $60 mln, plans more hiring in Israel

January closes $12M Series B funding

Necto raises $8M in seed funding

HSBC backs Aii’s decarbonization grant fund

E-commerce lender SellersFi secures Citi-led credit facility

Comun stations banking that is local to provide Latino immigrantsBritish Global Investment backs India’s Aye Finance in $37M money

Hyperplane desires to deliver AI to financial institutions(*)Kapital secures $165M in equity, financial obligation to give you economic presence to LatAm SMBs(*)Prevu’s residence purchase procedure offers credit to homebuyers with cash-back rebates(*)Seen elsewhere(*):(*)Image Credits:(*) Bryce Durbin(*)