Latest

Hey FinTech Fanatic! PayPal demonstrated robust performance in the second quarter of 2024, reporting impressive financial and operational metrics. Key Financial Highlights * Total Transaction Volume: PayPal reported a total transaction volume of $403.9 billion, reflecting an 11% increase compared to the same period last year. * Revenue Growth: The company’

Hey FinTech Fanatic! With its UK banking license secured, Revolut now must choose between an IPO in the UK or the US. Last week, Revolut achieved a significant milestone by obtaining a UK banking license from the Prudential Regulation Authority, in what is likely to be one of the biggest

Hey FinTech Fanatic! Jack Dorsey is set to implement significant changes at Block, the FinTech company known for Cash App, Square, and Tidal. In a recent memo to employees, Dorsey announced a major reorganization aimed at dismantling internal silos and returning to the company's foundational structure. The memo,

Hey FinTech Fanatic! The U.K. government will soon announce new regulations for "buy now, pay later" (BNPL) firms like Klarna and Afterpay, following repeated delays. Tulip Siddiq, the new economic secretary to the U.K. Treasury, highlighted the need for regulation to protect consumers and provide sector

TGIF! Revolut, the London-based FinTech company, has finally secured a UK banking license from the Prudential Regulation Authority. This achievement concludes a three-year regulatory journey, significantly elevating Revolut’s status in its home market. The company announced on Thursday that the newly acquired banking license comes with certain restrictions, enabling

Hey FinTech Fanatic! I’m excited to share some great news about one of my portfolio companies, Sokin. Morgan Stanley has led a $31 million investment into this international payments FinTech. Notable investors include Aurum Partners and former PayPal CCO Gary M., who will join Sokin’s board. Sokin’s

Hey FinTech Fanatic! More than 10 million UK consumers and small businesses are now regularly benefiting from open banking technology. This milestone, achieved six-and-a-half years after the UK's open banking rollout, has fostered an ecosystem valued at over £4 billion and created approximately 5,000 skilled digital jobs,