Klarna shrinks losses with sales growth and cost-cutting
Klarna Bank AB’s losses narrowed in the first half of the year as its growing customer base continued to pay...
Trustly acquires French fintech SlimPay in €70M deal
Swedish payments firm Trustly has acquired the French recurring payments platform SlimPay as it continues its Europe-wide expansion. The deal...
Mastercard to buy stake in MTN’s $5.2B fintech unit
Mastercard Inc. has agreed to take a minority stake in the financial-technology business of MTN Group Ltd., Africa’s biggest wireless...
PayPal names Intuit’s Alex Chriss CEO, replacing Schulman
PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses...
Private equity firm GTCR buys majority stake valuing Worldpay at $18.5B
Private equity firm GTCR LLC agreed to buy a majority stake in Worldpay, the Fidelity National Information Services Inc. unit...
PayPal’s 80% stock plunge hasn’t soured Wall Street
For the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down....
Planned layoffs have quadrupled so far this year in the US
US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger,...
Fintech Brex’s revenue surges after regional bank turmoil
Brex, a credit-card startup, has seen a surge in usage of its products following this year’s regional banking turmoil. The...
Venture firm QED raises $925M for fintech investing
QED Investors, the financial technology-focused venture firm that was an early backer of Credit Karma, has raised $925 million for...
Citigroup plans new credit card for use with multiple retailers
Citigroup Inc. plans to debut a new credit card with multiple retailers that consumers will be able use for larger...
