Daily News

Hey FinTech Fanatic! Swedish FinTech giant Klarna is showing strong financial recovery, reporting a dramatically reduced pretax loss of just 2 million kronor ($180,000) in the first nine months of 2023 - a significant improvement from last year's 1.77 billion kronor loss. The Buy Now, Pay

Hey FinTech Fanatic! Coinbase is doubling down on payments with plans to grow through acquisitions and new revenue streams. The US's top crypto exchange recently snapped up Utopia Labs, a payments startup, and might pursue more deals to supercharge its offerings, says Shan Aggarwal, VP of Corporate Development

Hey FinTech Fanatic! A significant regulatory shift is reshaping the digital payments landscape as the Consumer Financial Protection Bureau (CFPB) extends its supervisory reach to major tech companies and FinTechs. The finalized rule will bring companies processing over 50 million transactions annually under the same regulatory scrutiny as traditional banks

Hey FinTech Fanatic! Openbank, Santander's digital banking just entered Mexico with an eye-catching 12.5% annual return on savings accounts. The fully digital bank is expanding its European playbook to tap into Mexico's digital banking potential. The launch brings some impressive numbers to the table: * Access

Hey FinTech Fanatic! Revolut has officially reached 50 million customers across 38 markets—a huge milestone for the London-based FinTech in just 9 years. This week, Revolut is hosting The Revolutionaries, a two-day event in London to celebrate their milestone alongside customers. Co-founders Nik Storonsky and Vladyslav Yatsenko will take

Hey FinTech Fanatic! UK's TrueLayer, backed by Tiger Global and Stripe, just closed a $50M funding round - but at a 30% lower valuation than their 2021 peak, losing their unicorn status. According to sources, the company made some significant moves in September, cutting 71 employees (25% of