Business banking startup Mercury, founded in 2020, is now launching a consumer banking product.
“We already have a few hundred thousand users of our business banking product, and a lot of people have expressed that they want a personal banking product,” he told TechCrunch in an interview.
The person also said the fintech partner banking market as a whole has been the target of more regulatory scrutiny.
Crossing overBut success in B2B banking doesn’t automatically queue up Mercury to handle consumer banking.
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Inside LemFi’s play to be fintech to the Global South diaspora First, the Nigerian startup focused on migrants from Africa.
These events spotlight the company’s growing influence in Africa’s remittance market, fuelled by a $33 million Series A funding round and the launch of services in the U.S. corridor, both announced last August.
LemFi later expanded to serve other African diaspora communities in the country before entering the U.K. market in 2021 by acquiring RightCard for $2.5 million.
Additionally, Daiyaan Alam, formerly leading partnerships at Delivery Hero subsidiary Foodpanda in Pakistan, is spearheading LemFi’s expansion efforts into Pakistan and South Asia.
They join Allen Qu, former COO at Chinese-backed African fintech OPay, who leads the fintech’s growth among the Chinese diaspora.
Social media company Snap said Tuesday that it plans to add watermarks to AI-generated images on its platform.
Other tech giants such as Microsoft, Meta, and Google have also taken steps to label or identify images created with AI-powered tools.
Currently, Snap allows users to create or edit AI-generated images with Snap AI for paid users and a selfie-focused feature called Dreams.
The company also added context cards with AI-generated images from tools like Dream selfies to better inform the user.
In February, Snap partnered with HackerOne to stress its AI image-generation tools by adapting a bug bounty program.
Apple is opening up web distribution for iOS apps targeting users in the European Union from today.
Apple’s walled garden stance has enabled it to funnel essentially all iOS developer revenue through its own App Store in the past.
An Apple rep described this as a baseline safety and security standard which they said iOS users expect to help ensure their device is protected from external risks.
Given Apple has only just started implementing web distribution for iOS apps it remains to be seen whether the EU will step in for a closer look at this aspect of its DMA compliance too.
It’s also unclear how much demand there will be among iOS developers for direct web distribution.
WhatsApp on Tuesday announced a handful of new chat filters for the app to access certain types of messages easily: All, Unread, and Groups.
The “Unread” filter is helpful in looking at messages you might not have seen.
It also helps you get to inbox zero and get rid of the annoying number of unread chat indicators.
Notably, WhatsApp already had a way to look at unread messages through a filter in the search bar.
WhatsApp said that the filter option starts will be rolling out to users starting today and will be available to all users in a few weeks.
Substack is adding new capabilities to its Twitter-like Notes feature that bring it more in-line with the social network now known as X.
The company announced on Tuesday that users can now post videos directly to Notes in the Substack app and on the web.
Notes let users share posts, quotes, comments, images, links and ideas in a Tweet-like format, The short-form content is displayed in a dedicated Twitter-like feed.
Starting today, users can post videos directly to Notes by recording a video or selecting one from their phone’s camera roll or their desktop.
In its blog post, Substack explains that Notes is especially valuable for users who don’t have large pre-existing audiences.
Spotify isn’t the only one to dabble with AI playlists — on Tuesday, Amazon announced it would do the same.
Amazon Music is now testing Maestro, an AI playlist generator, allowing U.S. customers on both iOS and Android to create playlists using spoken or written prompts, which can even contain emojis.
Amazon suggests that in addition to emojis, customers can write prompts that include activities, sounds, or emotions.
While Spotify’s AI generator is starting its tests in the U.K. and Australia, Amazon’s product is launching to a “subset” of free Amazon Music users, as well as Prime customers and Unlimited Amazon Music subscribers on iOS and Android in the U.S. for the time being.
To access Maestro, users will need the latest version of the Amazon Music mobile app and will tap on the option for Maestro on their home screen.
A new social media app called Indaband lets musicians and vocalists collaborate with others and make music with people all over the world.
You can record and mix unlimited video tracks in different sessions using the app’s multi-track video studio and share them with your community.
The app is the brainchild of CEO Daniel Murta, CTO Andrews Medina, Head of Engineering Helielson Santos and Design Leader Emerson Farias.
They all used to get together to play music during happy hours after work, and once the pandemic hit, they came up with the idea for Indaband so they could still play music together while in quarantine.
Circles will allow users to build their own communities on the app and possibly even hold live events.
That’s a different strategy from just about every other market, where Google has been merging Wallet and Pay experiences together under a single Wallet app.
We’re continuing to invest in the Google Pay app to give people easy, secure access to digital payments,” a Google spokesperson said in a statement to TechCrunch.
Then, it tried to replace the Wallet and its Android Pay app with Google Pay.
In 2022, Google relaunched the Wallet app as its digital wallet platform for Android, Wear OS and Fitbit OS.
However, in February this year, the search giant announced it would replace Google Pay with the Wallet app in the U.S.
According to a post from Ghost founder John O’Nolan, the company — which is structured as a nonprofit — is considering federating Ghost over ActivityPub, the social networking protocol that powers the fediverse.
It also asks how federation would personally benefit Ghost users.
With Ghost, however, the idea could be to federate the accounts of the writers who use Ghost to publish their content.
After seeing O’Nolan’s post, Mastodon CTO Renaud Chaput reached out to help with the ActivityPub integration, which O’Nolan accepted.
In addition to Newton, other notable Ghost users include 404Media, Buffer, Kickstarter, David Sirota’s The Lever and Tangle, to name a few.
