Pine Labs triples valuation on the back of $285m funding round
Merchant commerce platform Pine Labs has tripled its valuation over the past year after announcing the first close of its $285m funding round that pushed its valuation to $3bn. The...
Fintech
Open banking provides Big Tech with lush fintech opportunities
Banks should be worried. For over a century, traditional lenders enjoyed a state of comparative...
Google Pay’s new cross-border payments “not great news for companies like Revolut” – experts
Google Pay starting to enable users to send money across borders is far from unexpected, but could spell out bad...
CTO Talk: Q&A with TrueLayer’s Luca Martinetti
Luca Martinetti is the CTO at TrueLayer, a fintech dev platform designed to power the open banking revolution. Co-founded in...
PayPal’s digital payments boom could invite antitrust probes, say experts
PayPal's success is inviting regulators to launch more antitrust probes into payment processing giants to give fintech startups a fighting...
Ant-backed fintech Snowball set for US IPO – report
Chinese financial information platform Snowball Finance Co is reportedly planning a $300m initial public offering (IPO) on the US stock market. The Beijing-based fintech company, which is backed by Ant…
Chime might talk like a bank but it doesn’t walk like one, says regulator
Chime may have made a name for itself as one of the world's leading neobanks, but now it will have to call itself something else. The fintech unicorn has agreed…
Bitcoin is “disgusting” and Robinhood is “gambling”, claim Buffett and Munger
Bitcoin is "disgusting and contrary to the interests of civilisation" and stock-trading apps like Robinhood are taking advantage of people's "gambling instincts", according to business tycoons Warren Buffett and Charlie…
Nubank’s rumoured US IPO is nothing to do with the US, say analysts
Nubank's rumoured Nasdaq listing is less about it expanding into the States and more about fighting off digital banking rivals at home in Latin America, market analysts believe. The Brazilian…
Mastercard muscles up on fraud, buys regtech firm Ekata for $850m
Mastercard has strengthened its fraud-fighting capabilities with the acquisition of regtech firm Ekata, in a deal valued at $850m. The news comes as a pandemic-driven shift to spending online has…
Starling fills coffers with another £50m in Goldman gold
Fintech unicorn Starling Bank has topped up its coffers with a £50m cash injection from Goldman Sachs Growth Equity. The investment is an extension of the digital bank's Series D…
