Tag

Fintech

All articles tagged with #fintech

business10 days ago•1 min saved

Stripe Eyes PayPal Takeover: A Potential $53B Merger to Reshape Payments

Stripe and private equity firm Advent International are in talks to acquire PayPal, after a July bid valued PayPal at about $53 billion ($60.50 per share), with a deal reportedly possible in the coming weeks. A merger would create one of the largest online payment players, potentially integrating Venmo, PayPal Checkout, and crypto features into Stripe while possibly reducing Stripe’s reliance on Visa/Mastercard. PayPal’s new CEO Enrique Lores has reorganized the company into three units (checkout, Venmo, and payments/crypto), and it’s unclear how the structure would adapt post-acquisition. The combined company could process roughly $3.7 trillion in payments annually, but talks could still collapse.

via Engadget|

#business #fintech #merger

finance25 days ago•19 min saved

SoFi Edges Robinhood on Q2 Growth, Stock Dips on Guidance

SoFi posted stronger Q2 growth than Robinhood, with revenue of $1.21B (up 43%), 15.8M members and SoFi Plus surpassing 200k subscribers, while Robinhood reported $1.31B in revenue (up 32%) and 28.4M funded customers. SoFi edged ahead on growth metrics, but both stocks slid after the report as SoFi kept EBITDA guidance flat and Robinhood faced crypto headwinds; year-to-date, SoFi is down ~42% and Robinhood down ~20%, though retail sentiment leaned bullish for both.

via Yahoo Finance|

#finance #fintech #growth

finance26 days ago•6 min saved

Clients' AI sidekicks press wealth managers to justify advice

Wealth managers report a surge in clients asking AI chatbots (like Claude and ChatGPT) to vet portfolio and tax guidance, using AI as a second opinion and a tool to deepen questions and speed up meetings. While this can raise discussion quality and efficiency, it also brings risks of incorrect or hallucinated results and potential data privacy concerns. Firms say AI will augment—not replace—human advisors, potentially pushing up service expectations and prompting new safeguards and workflows.

via CNBC|

#ai #chatbots #finance

business26 days ago•18 min saved

SoFi Beats Earnings, Raises Revenue Outlook as Stock Dips

SoFi Technologies beat second-quarter earnings forecasts and lifted its adjusted net revenue outlook to about $4.75–$4.85 billion, but the stock fell as investors weighed a 23% drop in the technology platform revenue to $84.5 million after a large client exited, signaling skepticism about the pace of growth.

via Barron's|

#business #earnings #fintech

business1 month ago•2 min saved

Klarna eyes U.S. bank charter to bring lending in-house

Klarna has applied to set up a U.S. FDIC‑insured bank in Utah, enabling it to fund loans with customer deposits and bring more banking operations in-house, while broadening its offerings beyond buy now, pay later and reducing reliance on third‑party banks.

via CNBC|

#bank-charter #business #fintech

business1 month ago•16 min saved

Circle shares slip as major firms back Open Standard stablecoin plan

Circle Internet stock fell after Bloomberg reported a coalition of Visa, Stripe and more than 100 financial firms is launching the Open Standard venture to issue a US-dollar-backed stablecoin called Open USD, with Stripe’s Zach Abrams as interim CEO. Partners—including Visa, BlackRock, Klarna, Alphabet, Chime and Coinbase—plan to integrate the stablecoin into their systems later this year, potentially increasing competition with the dominant stablecoins USDC and USDT.

via Yahoo Finance|

#business #circle-internet #fintech

business2 months ago•3 min saved

Airwallex bets on AI-led finance with $320M round at $11B

Airwallex raised $320 million in a Series H at an $11 billion valuation to push AI-native finance, unveiling T:0 (AI-driven finance automation) and Airi (agentic consumer wallet); revenue rose 74% to $1.3 billion and annualized transaction volume more than doubled, with over 90% of revenue from customers using multiple Airwallex products and more than 85 licenses globally to support expansion. The round, led by Addition, also signals a push into autonomous finance and agentic commerce, even as the company faces scrutiny over ties to China; management hints IPO timing could slip due to AI-margin volatility.

via CNBC|

#ai #autonomous-finance #business

technology2 months ago•6 min saved

Kunal Shah to steer WhatsApp as Meta bets on product-led leadership

Meta appoints Kunal Shah, founder of Cred, to lead WhatsApp, making him the first Indian to helm the global platform. The move follows Meta's $900 million investment in Cred and aligns with WhatsApp's push into payments, business tools, and AI-powered products, leveraging Shah’s product-focused background from FreeCharge and his involvement in India's expanding startup ecosystem.

via BBC|

#cred #fintech #kunal-shah

technology2 months ago•3 min saved

Apple Wallet gains Spending Insights in iOS 27 beta

Apple’s iOS 27 beta adds Insights to Wallet, aggregating data from saved payment accounts to show spending trends, recurring transactions, and account balances. The feature, first seen in beta 1 overseas and now in beta 2 in the US, is accessed via the Wallet menu’s three-dot icon and aims to make Wallet’s data more actionable by visualizing spending similarly to Health’s insights.

via 9to5Mac|

#apple #apple-wallet #fintech

technology2 months ago•16 min saved

AI Recasts Private Banking for Mass Affluent Investors

Bloomberg notes that AI is enabling wealth managers to deliver private-banking‑quality service to mass‑affluent clients (under $1 million in liquid assets) while the truly rich receive more personalized, human-led care; firms will hire automation specialists and maintain human oversight as AI handles routine tasks, with Citi piloting AI tools like a college fund chatbot and CIO-style email drafting. The shift could reduce the need for traditional advisers for mass‑affluent clients, while Elon Musk suggests AI could redefine saving money in the near future.

via Gizmodo|

#artificial-intelligence #fintech #mass-affluent

business2 months ago•6 min saved

Kalshi Eyes IPO Path After Surging to Over $2B in Annualized Revenue

Kalshi, an eight-year-old prediction-market platform, surpassed $2 billion in annualized revenue driven by sports-event bets (NBA and World Cup), prompting informal talks with investment banks about a future public offering; Kalshi is exploring bank integrations to reach institutional clients, but a listing is not expected until late next year or 2028.

via The Information|

#business #fintech #ipo-talks

business2 months ago•223 min saved

SoFi’s Growth Under Fire: From Fintech Darling to Wall Street Skeptic

SoFi, led by Anthony Noto, grew from a student-loan startup into a tech-forward bank with a broad product lineup and a near $40 billion valuation, but its stock slump and a scathing Muddy Waters report have investors questioning its accounting and profitability, blurring the line between a high-growth fintech and a traditional lender.

via Forbes|

#accounting #business #fintech

business2 months ago•1 min saved

Robinhood trims about 290 jobs to streamline operations

Robinhood is cutting about 290 full-time roles (roughly 10%), aiming to flatten management and operate more efficiently, with about $28 million in restructuring costs. The company, which had about 2,900 employees, says the move accompanies its push to diversify beyond trading into a broader financial-services platform, supported by record June trading volumes.

via CNBC|

#business #fintech #layoffs

business2 months ago•14 min saved

Payoneer’s Nasdaq chapter ends as Nuvei buys it for 2.75B in cash

Nuvei will acquire Payoneer for $2.75 billion in cash, delisting the Israeli fintech from Nasdaq and valuing Payoneer at about $2.26 billion with a ~21% premium to the prior close. The combined group is expected to generate roughly $3 billion in annual revenue and process about $500 billion in payments yearly, boosting Nuvei’s cross-border payments footprint for SMBs. Payoneer, founded in 2005 and a user of platforms like Amazon, eBay and Walmart, ends its Nasdaq run five years after a SPAC merger valued at $3.3 billion (sale price ~17% below debut valuation). Payoneer faced slowing growth and restructuring in 2025–26, including layoffs, with 2025 revenue of about $1.05 billion and net income down about 40%; Nuvei has a history of Israeli acquisitions, including Simplex and SafeCharge, which the deal would complement.

via CTech|

#acquisition #business #cross-border-payments

gamingtechnology2 months ago•102 min saved

Xbox to offer “Buy Now, Pay Later” options with Klarna and PayPal

Microsoft plans to add BNPL options for Xbox purchases via Klarna and PayPal, allowing players to spread costs over weeks or months with no interest. The feature appears to be in development, hinted by code on the Xbox site, and aims to improve affordability amid rising console and game prices and broader cost-of-living pressures in the gaming industry.

via Windows Central|

#buy-now-pay-later #fintech #gamingtechnology