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  • 09.30.16

This week in fintech

Money tech can be hard to follow, iterative, and boring. To spare you from having to read about it yourself, we put together a list of some of the launches, funds raised, and headlines that hit this week: 

MasterCard launched a developer API to give businesses the ability to accept MasterPass, its digital payment knockoff of Apple Pay. 

• Online-only bank Simple re-emerged into public consciousness with the launch of shared accounts

• Millennial-focused investment app Robinhood debuted a new $10 monthly membership that gives customers extended investment hours and fast access to additional capital. 

• International remittance app Remitly raised $38 million and is expanding further into Latin America.  

• ClearExchange, the company that big banks are partnering with to compete with peer-to-peer payment app Venmo, signed on Citibank this week. So far, the peer-to-peer network includes Wells Fargo, J.P Morgan Chase, U.S. Bank, Bank of America, and Capital One.  RR