Rising buy now, pay later (BNPL) use among Americans helped give Klarna a profitable quarter. The Swedish payments company announced earnings Monday (Nov. 3) showing it had recorded an operating profit of $12 million for its most recent quarter, with revenues of $542 million. Klarna...
FinTechs spent years pursuing growth at all costs — where profits were an afterthought. Revenues, eyeballs, clicks and accounts — in short, the more business the better — were the key measures of success. But Charlie Youakim, CEO of Sezzle and Peter Beckman, CEO and co-founder of Treyd, told PYMNTS’...
While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18), companies like Singapore’s Grab and the Indonesia-based GoTo enjoyed years of cash infusions for their vision of combining services like...
Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion mark in 2022 as investors injected more money into promising startups despite the global slowdown. “We’re really seeing an upward...
May 04, 2023
Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion mark in 2022 as investors injected more money into promising startups despite the global slowdown. “We’re really seeing an upward trend in terms of the amount of funding that takes […]
April 21, 2023
There’s nothing simple about growth, and there’s nothing basic about financial fundamentals. In light of ongoing macro challenges and a softening economic landscape, savvy chief financial officers (CFOs) are doubling...
February 05, 2024
Reddit is reportedly preparing for a potential initial public offering (IPO) in the United States. The social media company and its advisers are expected to unveil the public IPO filing as early as this month, and Reddit has been advised to consider a valuation of at least $5 billion for the IPO, Bloomberg reported Monday (Feb. 5), […]
November 06, 2023
Rising buy now, pay later (BNPL) use among Americans helped give Klarna a profitable quarter. The Swedish payments company announced earnings Monday (Nov. 3) showing it had recorded an operating...
July 18, 2023
While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18), companies like Singapore’s Grab and...
April 19, 2023
Insurance group Allianz is reportedly selling its stake in neobank N26 at a steep discount. According to a report late Tuesday (April 18) by the Financial Times, sources say Allianz’s...
