June 19, 2024
Payment Network Zilch Aims to Triple Sales After Raising $127...
British payments FinTech Zilch has raised $127 million in debt financing via Deutsche Bank. The funding will help the company accelerate its ability to launch new products for a wider...
June 17, 2024
Report: Spain’s BBVA Considering Opening Digital Consumer Bank in Germany
Spanish bank BBVA is reportedly considering opening a digital consumer bank in Germany. In this effort, the bank will use existing technology to lower the cost of expansion, Bloomberg reported...
June 17, 2024
Stripe to Let Employees Cash Out Shares for Third Time
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,...
June 16, 2024
Report: OpenAI Could Become a For-Profit Business
OpenAI’s days as a nonprofit company could be numbered. CEO Sam Altman has told some shareholders the artificial intelligence (AI) firm is weighing a change to its governance, making it...
June 14, 2024
FinTech IPO Tracker Loses 3.8% Despite Affirm’s Rally on Apple...
Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%. Affirm Gets a Bump from...
June 13, 2024
Shein Reportedly Raises Prices as IPO Looms
As it prepares to go public, fast fashion retailer Shein is reportedly driving up prices. The company has raised prices on a third of its core products, a strategy likely to increase...
June 12, 2024
This Week in Web3: Growing Crypto Acceptance and Cross-Border Payments
The state of crypto, just like the crypto market, remains promising – if volatile – in 2024. While many observers may have believed that the crypto space would simply disappear...
June 12, 2024
TymeBank Raising $150 Million as It Prepares for IPO
The CEO of South Africa’s TymeBank says the company is raising $150 million. “We are currently valued at close to $1 billion and busy with our series D capital raise...
June 12, 2024
UK Neobank Starling Profits Soar 55% for Third Year in...
Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing a 54.7% increase in pre-tax...