Treasurers should be on the front lines of keeping their company financially healthy. But how many are in an organization that allows for that? PYMNTS Intelligence finds that many companies fall short of empowering their treasurers to have maximum impact. In fact, more than 8...
Revolut is reportedly preparing a share sale that would value it at $45 billion. The British FinTech is close to a deal that would see it sell roughly $500 million in employee-owned shares, the Wall Street Journal (WSJ) reported Tuesday (July 23), citing sources familiar...
Insurers reportedly could be facing hundreds or thousands of business interruption claims resulting from the Microsoft outage that began late Thursday (July 18). Economic damages from the event, which crippled industries and inconvenienced consumers around the world, could amount to tens of billions of dollars, Reuters reported Friday...
The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out, Bloomberg reported Monday (July 15), citing unnamed sources. The venture capital firm is offering $27.51 for Stripe shares and will...
Turkish food delivery startup Getir will be divided into two companies as part of a restructuring that will bring in an investment of $250 million by Mubadala Investment Co. This move follows a power struggle between Getir Co-founder and CEO Nazim Salur and Getir’s Turkey...
When the operating landscape is uncertain and dynamic, businesses must prioritize controlling for what’s controllable. And with the news Thursday (June 20) that Amazon Business, Amazon’s online business-to-business procurement store, has announced a number of new technology features designed to help large business customers simplify...
Nuvei has obtained shareholder approval for its previously announced plan for a going private transaction with Advent International. Shareholders approved the special resolution at a meeting held Tuesday (June 18), the Canadian FinTech company said in a Tuesday press release. Shares that are not held...
Stripe expects to let employees cash out some of their shares, as it has done twice before. John Collison, a co-founder of Stripe, said the company did that last year, did it again this year and will probably do it again “in the future,” Bloomberg...
To paraphrase a famous F. Scott Fitzgerald quote, there are no second acts in life. The Gatsby scribe had never met a tech CEO. The business landscape is populated with stories of reinvention, and in some cases, with business leaders who — for lack of...
