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Deribit, Valued at $4-5B, Explores Acquisition Opportunities

Deribit, Valued at $4-5B, Explores Acquisition Opportunities

Hey FinTech Fanatic! Deribit, the world's largest Bitcoin and Ether options trading platform, is working with Steve McLaughlin and Financial Technology Partners to review potential acquisition opportunities. The platform, valued between $4 billion and $5 billion, has attracted interest from various parties, though crypto exchange Kraken reportedly evaluated

Klarna Teams Up with Stripe in Global Payments Push Ahead of U.S. IPO

Klarna Teams Up with Stripe in Global Payments Push Ahead of U.S. IPO

Hey FinTech Fanatic! Klarna has expanded its partnership with fellow FinTech unicorn Stripe, making its buy now, pay later (BNPL) service available to Stripe merchants across 26 countries. This major distribution deal enhances their initial 2021 partnership formed during the Covid-19 pandemic, now offering improved functionality including A/B testing

Nu México Teams Up with OXXO to Expand Cash Access for 9M Customers

Nu México Teams Up with OXXO to Expand Cash Access for 9M Customers

Hey FinTech Fanatic! Nu México has partnered with retail chain OXXO to expand its cash deposit and withdrawal network, giving its 9 million customers access to over 22,000 OXXO stores nationwide. Cash withdrawals using Nu cards will launch on January 14, 2025, with deposit capabilities following in subsequent months.

Revolut Takes on UBS and Morgan Stanley in Private Banking Push

Revolut Takes on UBS and Morgan Stanley in Private Banking Push

Hey FinTech Fanatic! Revolut is developing private banking services for high net worth individuals who hold liquid assets over $1 million, positioning itself to compete with traditional banks like UBS and Morgan Stanley. This expansion adds to their existing suite of business banking, travel insurance, and stock trading services. The

TransUnion has Signed a Definitive Agreement to Acquire Monevo

TransUnion has Signed a Definitive Agreement to Acquire Monevo

Hey FinTech Fanatic! TransUnion has announced its acquisition of U.K.-based credit prequalification platform Monevo, advancing from its 30% minority stake acquired in 2021 to full ownership. The platform connects over 150 banks and credit providers with comparison websites globally, enabling personalized credit offers without impacting consumers' credit

X to Launch X Money in 38 States

X to Launch X Money in 38 States

Hey FinTech Fanatic! X (formerly known as Twitter) has announced its upcoming launch of X Money, with plans to roll out in 38 U.S. states where it holds payment transmitter licenses. Linda Yaccarino, X CEO, revealed that X Money will be part of several new platform features launching in

Klarna CEO Questions Role of Swedish Financial Regulator After Being Fined

Klarna CEO Questions Role of Swedish Financial Regulator After Being Fined

Hey FinTech Fanatic! Klarna has decided not to appeal its $50M fine from the Swedish financial regulator (FI) for anti-money laundering rule breaches, but their CEO is raising questions about regulatory oversight. Sebastian Siemiatkowski, Klarna CEO and co-founder, highlighted the challenges in interpreting compliance requirements, stating the company had actively