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Truelayer Cuts Jobs and Loses Unicorn Status After Funding Setback

Truelayer Cuts Jobs and Loses Unicorn Status After Funding Setback

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

Trolley Secures $23M Series B to Expand Global Payouts Platform

Trolley Secures $23M Series B to Expand Global Payouts Platform

Hey FinTech Fanatic! Trolley, a Toronto-based global payouts platform, has raised $23M in Series B funding, led by Wavecrest Growth Partners with support from Pace Capital. The funding will drive product expansion, targeting enhanced features for global payouts, compliance, and fraud prevention. Trolley also plans to broaden its customer base

PayPal Introduces Money Pooling for Family and Friends

PayPal Introduces Money Pooling for Family and Friends

Hey FinTech Fanatic! PayPal has introduced a new feature that allows customers to easily pool money with friends and family for group gifts, travel, special events, or other shared expenses. Launching globally across the US, Germany, Italy, and Spain, this feature enables users to create a money pool within the

Revolut Expands Crypto Exchange to 30 New Markets in Europe

Revolut Expands Crypto Exchange to 30 New Markets in Europe

Hey FinTech Fanatic! Revolut has announced a significant expansion of its dedicated crypto platform, Revolut X, now available to experienced traders across 30 new markets in Europe. “With the expansion of Revolut X, we’re aiming to make a real impact in the crypto trading space and offer a strong

UK Tightens Oversight on Critical Tech Providers in Finance

UK Tightens Oversight on Critical Tech Providers in Finance

Hey FinTech Fanatic! The Financial Conduct Authority (FCA) and the Bank of England have rolled out new rules targeting the resilience of critical third-party technology providers. With financial institutions relying more heavily on a small pool of tech firms to keep operations running smoothly, this framework is designed to mitigate

FTX Sues Binance for $1.76B Over “Fraudulent” Deal

FTX Sues Binance for $1.76B Over “Fraudulent” Deal

Hey FinTech Fanatic! The FTX estate is now on a relentless mission to recover what it claims as losses from none other than Binance and its former CEO, Changpeng Zhao. According to FTX’s latest court filing in Delaware, it seeks a staggering $1.76 billion, alleging a “fraudulent” deal

Block Earnings Reveal Dorsey’s Bitcoin and Banking Vision

Block Earnings Reveal Dorsey’s Bitcoin and Banking Vision

Hey FinTech Fanatic! Block, formerly Square, is shifting focus toward Bitcoin accessibility and small-business lending. On their Q3 earnings call, Jack Dorsey shared that Block is winding down TBD’s DeFi and scaling back on Tidal, redirecting resources to Bitkey (their self-custody Bitcoin wallet) and Bitcoin mining. “We’re focused