PayPal reports fall in Q1 profit; lowers earnings outlook
PayPal has reported a 54% slump in its first-quarter net income and also trimmed its earnings outlook for 2022 amid a volatile market. Net income dropped…
Satarupa Bhowmik
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Revolut’s embedded finance partner Modulr bags $108m in Series C
Modulr taps General Atlantic for Series C as competition in embedded finance heats up and fintech funding dries up
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Revolut continues trend of older users adopting fintech
Silver swipers continues to flock to fintech providers, with Revolut being the latest industry stakeholder to enjoy a surge…
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“Google for law” startup LawAdvisor scores $5m investment
Google Maps founder among angel investors backing LawAdvisor's seed round
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Bitstamp CEO is out after short term in charge
Bitstamp has a new CEO, barely 18 months after Julian Sawyer took on the role
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Fintech experts unsurprised that Klarna will report users to credit scoring agencies
Klarna won't be the only buy-now-pay-later business reporting your shopping to credit agencies, experts say
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CTO Talk: Q&A with Adam Clarke of Fnality
The Fnality CTO reveals why blockchain is not just about bitcoin and NFTs, but so much more
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How bad is bitcoin really for the environment?
Bitcoin uses as much electricity as Thailand, but does that really mean it's bad for the environment?
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SEON nets $94m Series B on the back of rising fraud threats
Fraud prevention startup SEON has bagged a new funding round, but don't expect it to be the last regtech…
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Meta’s at it again: Zuck Bucks is the successor to Diem no one asked for
Despite Diem's implosion earlier this year, Meta is rumoured to be launching new payment tokens called Zuck Bucks
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“Hype is not enough”: Fintech community weighs in on Fast collapse
Fintech leaders remain unconvinced as Fast CEO claims collapsed startup was a trailblazer.
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The competition will pay for this later: Klarna completes PriceRunner deal
Klarna muscles in on Google and Amazon's territory with completion of PriceRunner acquisition.
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Brite CEO: “Tech definitely has a diversity issue”
Lena Hackelöer is the only female member of the Klarna Mafia and believes that's a huge problem
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CTO Talk: Q&A with Ryan Carr of Enveil
The Enveil CTO thinks big data is exciting and blockchain is overrated.
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Why Rockaway Blockchain Fund’s crypto exchanges still welcome Russian customers
Rockaway Blockchain Fund won't ban all Russians from using portfolio cryptocurrency exchanges' services, despite the risk of Kremlin gremlins…
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FUEL bags €1.5m in funding as NFT bubble threatens to pop
Despite signs that the NFT bubble is about to bust, FUEL just bagged €1.5m to keep minting digital tokens
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CTO Talk: Q&A with Daniella Lorenzo of Toqio
The Toqio CTO reveals what people get wrong about embedded finance, her penchant for scaring people and why she…
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Covid-19 created a cybersecurity boom: The Ukraine crisis will see it grow
First it was Covid-19 and remote working, now the war in Ukraine is driving the cybersecurity boom.
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Does it matter that Visa and Mastercard have pulled out of Russia?
Visa and Mastercard have joined the wave of companies pulling out of Russia in support of the people in…
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in3 bags $11.1m Series A to provide BNPL with a difference: “We don’t want to put people in debt”
The buy-now-pay-later sector is getting crowded, but Dutch in3 believes it can compete thanks to its social responsibility-focused product.
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How Covid-19 created a massive fintech boom
Despite fears at the start of the pandemic, Covid-19 has proven to be a boon for fintech companies looking…
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“Bitcoin is the biggest problem for blockchain” – Rockaway Blockchain Fund chief
Rockaway's managing partner believes bitcoin is holding back blockchain adoption, but not because ransomware gangs love it.
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FinCEN warns cryptocurrencies could circumvent sanctions: Experts say it’s unlikely
FinCEN has warned that Russian individuals and entities may use cryptocurrencies to dodge sanctions, but experts believe that's unlikely.
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You heard it here first: Shares bags $40m in Series A round
Confirming Verdict's scoop from last week, shares-trading app Shares has secured $40m in a new funding round
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Ukraine conflict: Anonymous declares cyberwar on Russia
Anonymous joining the worsening cyber conflict in Ukraine raises the risk of businesses being caught in the digital crossfire.
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My Shares share-trading app won’t cause another meme stock frenzy, insists CEO
Shares combines Robinhood's trading with Reddit's social interactions. What could possibly go wrong?
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Scalapay inks $497m Series B in beleaguered BNPL market
Scalapay plans to go big amidst regulatory crackdowns and plummeting BNPL stocks, but recruitment issues could hold it back.
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We’re in the “death rattles” of cryptocurrencies, and the Ukraine crisis can’t save it
The Ukraine conflict will test bitcoin's standing as a safe haven asset, but analysts warn cryptocurrency wonks will be…
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Indian central bank deputy chief says cryptocurrency is “worse than Ponzi schemes”
Shri T Rabi Sankar, deputy governor of India's Reserve Bank, has said that Ponzi schemes are actually superior to…
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Turf war brewing? CFTC and SEC both want to be top cryptocurrency watchdog
The CFTC has proposed that it should play a central role in regulating cryptocurrencies amidst turf war rumours
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Digital currencies: How to be more China, less El Salvador
Verdict presents a roundtable of views on how digital currencies can be implemented and the likely future for cryptocurrencies…
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Bitstamp CEO and Starling old COO: “Cryptocurrencies are the new neobanks”
Bitstamp CEO on why cryptocurrencies are the new neobanks, how Starling was like after Tom Blomfield was fired and…
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The 10 big fintech funding rounds in January you need to note
January was a strange month for fintech deals. As with other tech stocks, the financial sector has taken a…
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Klarna boss: People fear credit card companies “more than death itself”
A leading Klarna executive is accusing traditional credit card companies of having taken advantage of customers for years. Now,…
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Britcoin is “the worst of two worlds”: Gets thumbs down from UK lawmakers
Lawmakers have warned that Rishi Sunak’s proposed central bank digital currency (CBDC), commonly referred to as Britcoin, could be…
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China looks to overhaul tech giant Tencent payments
Chinese authorities are looking to overhaul the payments arm of Tencent Holding, a technology and entertainment conglomerate, reported Bloomberg…
Repay acquires payment technology platform Payix for up to $115m
Repay Holdings has acquired US-based payment technology platform Payix in a cash-free, debt-free deal valued up to $115m. As…
Indian central bank issues framework for offline digital payments
The Reserve Bank of India (RBI), the central bank of the country, has unveiled a framework to enable same…
Paga taps LISNR for contactless ultrasonic payment authentication
Paga Group has collaborated with LISNR to support ultrasonic authentication for contactless payments in Africa, marking the latter’s first…
ReSource Pro buys Insurance Licensing Services of America
New York-based ReSource Pro, which offers operational solutions for insurance businesses, has taken over Texas-based Insurance Licensing Services of…
Laybuy rolls out buy now pay later app for UK customers
Buy now pay later (BNPL) player Laybuy has launched an app, enabling customers in the UK to make payments…
Japanese BNPL player Paidy plans IPO this year
Japan-based buy now, pay later (BNPL) service provider Paidy is reportedly looking to go public. The fintech unicorn is…
JPMorgan pilots new real-time payments offering
JPMorgan Chase has launched the pilot of a real-time payments service, dubbed request for pay, with an undisclosed fintech firm. The…