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Hey FinTech Fanatic! At its yearly Payments Forum, Visa introduced seven new consumer payment products to make its mobile banking app central to digital commerce. Here's a summary of the updates: 1. Visa Payment Passkey Service: This service uses facial or fingerprint scans to authorize online payments, replacing

Hey FinTech Fanatic! Last week, Nubank celebrated a significant milestone by crossing 100 million customers. Today, the neobank released its latest earnings report for Q1 2024, showcasing impressive growth and financial performance. Key Q1 Metrics and Highlights: * Customer Growth: * Nubank now serves 99.3 million customers, marking an increase of

Klarna, the buy now pay later (BNPL) FinTech giant, has made significant progress towards its anticipated stock market debut, which could value the firm at up to $20 billion (£15.9 billion). Sources have revealed that Klarna, headquartered in Stockholm, has received approval from both shareholders and regulators to create

Hey FinTech Fanatic!  At the Dubai FinTech Summit, John Doran, interviewed Nik Storonsky, Founder and CEO of Revolut, and he started with an interesting statement: "Revolut hit $2bn of revenue and $350m net income in 2023." This is the first time the net income figure has been mentioned.

Hey FinTech Fanatic! What a week it was for Block. Let's dive into a short list of the biggest updates of the week: ► Block (SQ) has begun a dollar cost averaging (DCA) program to add to its already sizable bitcoin stack. Led by CEO Jack Dorsey, the company

Hey FinTech Fanatic! Nubank announced that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement comes on the heels of record 2023 financial results, with over US$1 billion in net profit

Hey FinTech Fanatic! According to a recently filed reorganization plan in court, most account holders of the defunct cryptocurrency exchange FTX are poised to recover their funds fully, with some receiving more than their initial claims. The exchange has reportedly amassed approximately $15 billion, largely through the disposal of venture