Fintechs were already clustered in New York and San Francisco. Now that most startups work with the four largest banks, it's even harder to create new technology in the heartland.

The layoffs come as the fintech is still working to close the SPAC merger it announced in August 2021.

The founder of the defunct fintech that provided online college financial aid services was charged with fraud for inflating the company's customer base ahead of being acquired by JPMorgan.

Silicon Valley Bank served about half of all startups. As fintechs seek out new bank relationships, here are some of the things they are looking for. 

The equity deal means that Acorns will gain a foothold in the U.K. and Europe, where GoHenry, the challenger bank it acquired, also operates.

Challenger banks MoneyLion, Acorns and Moves are partnering with "taxtech" companies to extend free or low-cost filing help to customers.

StellarFi, Stratyfy, FinClusive and Oscilar have all had positive news in recent days.

Fintech funding was drying up before the collapse of Silicon Valley Bank, Silvergate Capital and Signature Bank. The banking crisis has set it back a bit further.

Pismo's platforms allow banks and financial technology companies to rapidly launch products for cards and payments, digital banking, digital wallets and marketplaces.

Rep. Nydia Velazquez, D-N.Y., the House Small Business Committee's ranking Democrat, said she'd like to see the Small Business Administration delay opening its flagship loan guarantee program to more nondepository lenders until it sorted out growing concerns about Paycheck Protection Program fraud.