May 27, 2024
Jio Financial Services Seeks to Enter Telecom Leasing Business
India-based Jio Financial Services is looking to go into the device leasing business. The financial services provider published a postal ballot notice saying it is seeking shareholder approval to acquire...
May 26, 2024
Report: Private Equity Sits on $3 Trillion as Dealmaking Slows
Private equity firms are reportedly holding onto a record 28,000 companies worth $3 trillion-plus. It’s a situation outlined in a report Sunday (May 26) by the Financial Times (FT), which...
May 24, 2024
BNPL Regulation Grabs Headlines as FinTech IPO Index Loses 2.7%
The FinTech IPO Index lost 2.6% as earnings trickled in. The buy now pay later (BNPL) space, arguably, held sway — dominating headlines as the Consumer Financial Protection Bureau (CFPB)...
May 22, 2024
City of London Seeks to Boost Competitiveness, Foreign Investment
The City of London, the administrator of the financial district of the United Kingdom, is reportedly grappling with concerns about the district’s competitiveness and the need for foreign investment. The city’s...
May 21, 2024
Airbnb Veteran Krishna Rao Joins AI Startup Anthropic as CFO
Artificial intelligence (AI) startup Anthropic has appointed Airbnb veteran Krishna Rao as its chief financial officer (CFO). In his new role, Rao will help shape Anthropic’s financial strategy and operations as the company grows and...
May 20, 2024
CyberArk to Acquire Venafi, Expand Machine Identity Security Capabilities
CyberArk plans to acquire Venafi from Thoma Bravo for an enterprise value of about $1.54 billion, saying it aims to create a unified platform for machine identity security at scale....
May 17, 2024
FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead...
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants...
May 16, 2024
OpenAI and Reddit Partner on Data Licensing, AI-Powered Features, Advertising
OpenAI will be using Reddit content to train its artificial intelligence (AI) models. That’s one component of a new partnership formed by the AI company and the social media platform, Reddit said in a...
May 15, 2024
Report: Circle to Shift Legal Base to US From Ireland
As it prepares to go public, stablecoin issuer Circle is reportedly also planning a move. The company is preparing to transfer its legal base from Ireland to the United States, Bloomberg reported Wednesday (May 15). A...