Klarna’s valuation slashed by $39 billion amid fintech rout
Klarna Bank AB’s valuation has been slashed to $6.7 billion in its latest funding round, in a dramatic reversal for...
Payments
Fintech Funding: UAE digital bank YAP raises $41M
YAP, a United Arab Emirates-based digital bank, has raised $41 million in funding, the company announced Monday. The bank plans...
Listen: Cogent Bank launches TassatPay’s real time payment solution
The $1 billion Cogent Bank recently integrated blockchain-based, real-time payment platform TassatPay to provide its business-to-business (B2B) clients with 24/7...
DeFi magic and credit default swaps converge in opaque lending market
Credit default swaps are hard enough to figure out. Shadow lenders and their repackaging of cash flows from loans into securities come...
Transactions: GoCardless to acquire open banking data provider Nordigen
Direct bank payments company GoCardless plans to acquire open banking data provider Nordigen later this summer in a move to...
Revolut’s Storonsky says it has enough funding for two years
The boss of Revolut Ltd. said his fintech startup has enough funding for at least two more years and would...
Fintech Funding: Crypto platform FalconX secures $150M, clears $8B valuation
Are happy days here again for cryptocurrency? Crypto platforms and coins have taken severe hits in what can only be...
ThunderRoad Financial leverages cloud-based tech to speed dealer funding
Powersports lender ThunderRoad Financial’s chief executive, Don Hummer, says the lender is on track to “double” its origination volume by...
Thought Machine launches cloud-native payments platform
Core provider Thought Machine’s automated cloud-native payment platform for banks is live after 18 months of development. Vault Payments was...
PayPal extends buy-now, pay-later push with installment loans
PayPal Holdings Inc. is pushing deeper into the rapidly expanding “buy now, pay later” arena by offering installment loans for...
