Welcome to TechCrunch Fintech (previously The Interchange)! This week, we’re a brand new finance-based courting app, Robinhood’s earnings outcomes and the startup wherein PayPal Ventures made its first funding. Let’s dive in!

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The large story

A brand new courting app was launched simply in time for Valentine’s Day, however there’s a catch: It’s essential to have a minimum of a 675 credit score rating to make use of it. Launched by monetary platform Neon Cash Membership, Rating is a courting app for individuals with good to glorious credit score, and it seeks to assist elevate consciousness in regards to the significance of funds in relationships. TC’s Dominic-Madori Davis gave us a have a look at what the startup goals to do and the way it happened. Studying all of the feedback on X and LI was additionally fairly entertaining!

Evaluation of the week

Robinhood’s inventory bought a giant enhance final week when the corporate posted a shock revenue within the fourth quarter “pushed by larger curiosity revenue from prospects paying again loans and a rebound in buying and selling,” in accordance with Reuters. It additionally revealed that it could possibly be breakeven or worthwhile by subsequent 12 months. Shares climbed to their highest value final week in almost two years and closed at $14 on Friday, up 17% from a detailed of $11.94 on February 13. When public fintechs do effectively, it often means good issues for privately held fintechs. CEO and co-founder Vlad Tenev spoke at TechCrunch Disrupt final 12 months — learn all about that right here.

{Dollars} and cents

Finom, a European challenger financial institution aimed toward SMEs and freelancers, has raised €50 million ($54 million) in a Collection B fairness spherical of funding.

FlowFi, a startup making a market of finance specialists for entrepreneurs, closed on $9 million in seed funding. Blumberg Capital led the funding.

Daring, a monetary know-how firm constructing an digital funds infrastructure in Colombia, raised $50 million in Collection C funding in a spherical led by present investor Common Atlantic.

Rasa, an enterprise-focused conversational generative AI platform with monetary companies firms as purchasers, raised $30 million in a Collection C spherical co-led by StepStone Capital and PayPal Ventures. Notably, this marked PayPal’s first AI funding.

What else we’re writing

India is dealing with a quandary in imposing long-delayed guidelines to curb the dominance of PhonePe and Google Pay within the nation’s ubiquitous UPI funds community, which processes over 10 billion transactions month-to-month.

After latest launches within the U.Okay. and Eire, workforce administration platform Rippling is continuous its formidable worldwide enlargement with the opening of its Asia-Pacific headquarters in Sydney, Australia. The corporate additionally poached Eisar Lipkovitz from JPMorgan to function its new chief product officer.

Apple’s latest transfer to enhance the rate of interest for its Apple Card financial savings account to 4.5% is now prompting a competitor to do the identical. Money App introduced it’ll now provide “as much as” a 4.5% APY (annual share yield) for its Money App Financial savings prospects, with a couple of caveats.

Different high-interest headlines

Bolt, as soon as price $11B, slashes share value 97% in buyback 

Enterprise capital’s optimistic that fintech offers will rebound in 2024

Parlay raises $1.3M to supply inclusive entry to monetary sources for small companies

Mia Share raises $6.5 million to facilitate digital tuition funds

Sequoia pressures former chief Moritz to go away Klarna board seat

Airbase appoints Forrester veteran Mathew Schulz to procurement function

Fintech garners over one-third of final week’s €745M invested in European tech

Comply with me on X @bayareawriter for breaking fintech information, posts about espresso and extra.