May 07, 2024
Upstart, Like Its Customers, Remains Focused on Return to Growth
If you are in the business of providing loans, there will always be a demand for your product. As for the customers that need to be served, the total addressable...
May 07, 2024
Cloud Security Firm Wiz Valued at $12 Billion After Funding...
Cloud security startup Wiz has reportedly been valued at $12 billion after raising $1 billion. Co-founder and CEO Assaf Rappaport discussed the funding in a Tuesday (May 7) interview with the Wall Street Journal...
May 07, 2024
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection Bureau (CFPB). The CFPB found that...
May 05, 2024
Mytheresa Aims to Be ‘Winner’ of Luxury eCommerce Downturn
If the luxury eCommerce space is tumbling down, Mytheresa plans to come out on top. “I think there is an understanding in the market that the industry is consolidating, and that there are...
May 03, 2024
Platforms Rally to Push FinTech IPO Index 3% Higher
A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps,...
May 02, 2024
Pleo Secures $43 Million Facility to Expand Credit Offering
Pleo has secured a 40-million-euro (about $43 million) debt financing facility from HSBC Innovation Banking UK. With this facility, the Danish FinTech will expand its credit offering, Pleo Overdraft, which helps European companies...
May 02, 2024
Worldpay Launches Tap-to-Pay Offering for Merchants
Payment facilitators (PayFacs) using Worldpay’s services can now offer their merchants tap-to-pay on iPhone. The payments technology firm said in a Thursday (May 2) press release that two of its PayFac...
May 02, 2024
Peloton CEO Barry McCarthy Steps Down as Company Begins Restructuring
Peloton Interactive has begun a search for a new CEO and announced that Barry McCarthy has stepped down as CEO, president and board director. Chairperson Karen Boone and Director Chris Bruzzo will serve as interim co-CEOs, while Director Jay...
May 02, 2024
UK’s Non-London FinTechs Fight for Funding
In the north of England, the Manchester area has a booming FinTech startup community. But as Bloomberg News reported Thursday, these companies are having trouble attracting the attention of the country’s funding...