January 31, 2023
AvidXchange Promotes Ex-Fiserv Exec Dan Drees to President
Accounts payable (AP) automation and payments solution company AvidXchange has a new president. Dan Drees, who has served as the Charlotte, North Carolina, company’s chief growth officer since 2018, will...
January 30, 2023
Stripe Nearing Fundraise Valuing It at $55B-$60B
Stripe is reportedly nearing a deal to raise $3 billion from its existing investors. The Information reported Monday (Jan. 30) that the deal would value the payment platform at between...
January 30, 2023
Twitter Turns to Payments as Ad Revenues Sink
Twitter is moving closer to its plan to process payments across the platform in a move to monetize the popular social media service. Purchased by Tesla and SpaceX owner Elon...
January 30, 2023
SoFi Personal Loan Originations Leap 50%, Direct Deposit Gains Ground
Demand for personal loans, direct deposit accounts and “cross-buy” opportunities boosted SoFi Technologies’ results despite macro headwinds. Total deposits at SoFi Bank grew 46% sequentially during the fourth quarter...
January 27, 2023
Restaurants Partner With Kroger and Other Grocers to Boost off-Premise...
This week in restaurants, eateries expand to grocery stores, add ghost kitchens and face regulations. Throughout the last couple of years, restaurants have been seizing on the opportunity to attract...
January 27, 2023
Affirm, NuBank, Upstart Lead 6.4% Surge in FinTech IPO Index
The FinTech IPO Index has enjoyed a rebound so far, despite the usual volatility. Year to date, the group is up 22%, buoyed by the past week’s rallies that saw...
January 26, 2023
Stripe Punts Decision on IPO Till Next Year Amid Economic...
The public may soon be able to buy shares in payments processor Stripe. The Wall Street Journal (WSJ) reported Thursday (Jan. 26) that Stripe is considering either going public or...
January 25, 2023
Global Freight Platform Freightos Goes Public and Raises $80M
Global freight booking and payment platform Freightos is going public. The firm said in a Wednesday (Jan. 25) press release that it has closed its previously announced business combination with...
January 25, 2023
Crypto Noise Puts Further Focus on Binance’s Operations
Regulatory scrutiny post-FTX’s dramatic implosion has prompted a crisis of confidence in other industry actors. Perhaps no other firm has bee affected more so than rival cryptocurrency exchange Binance, itself...