Fintech

African fintech Flutterwave is off the hook in Kenya after the high court allowed the country's Asset Recovery Agency (ARA), an agency that investigates and recovers proceeds of crime, to withdraw the second (and only remaining) case against the payments company. The case withdrawal brings reli

Swedish fintech Klarna confirmed that it is taking steps “toward an eventual IPO.” The company has initiated a process for a legal entity restructuring to set up a holding company in the United Kingdom “as an important early step” in its plans for an initial public offering, a Klarna spokes

Klarna’s Q3 2023 results are the latest in a growing list of evidence that the Swedish fintech giant is evolving from a loss-making unicorn to a durable company ready for the public markets. The Exchange explores startups, markets and money. Read it every morning on TechCru

Fintech giant Klarna has reached an agreement with workers that were set to strike next week, the company told technewss today. Klarna employees were planning to strike next week in the fintech's home country of Sweden, as reported by tech.eu.  The dispute was reportedly over

Revolut, the fintech giant based in the U.K., has appointed a new CEO for its U.K. division. Francesca Carlesi will be in charge of Revolut's division in its home country — Nik Storonsky remains the CEO of Revolut Ltd. It's worth noting that today's news comes as Revolut still doesn&#

The past year and a half have witnessed multiple startups facing valuation cuts as funding from VCs waned in an environment of rising interest rates. In this context, fintechs, especially buy now, pay later companies serving Western customers, including Affirm, Afterpay and Klarna, have encountered

India’s fast-growing co-branded credit card market may soon see a new entrant: the country’s most valuable firm. Reliance is working with the state-backed lender SBI to launch two co-branded credit cards on the homegrown RuPay network, according to documents reviewed by technewss.

In an attempt at damage control, the CEO of the equity management startup Carta, Henry Ward, today emailed customers, telling them that if they are concerned about “negative press” tied to the outfit, they should read a Medium post of his. The move appeared only to call more attention to the ma

YouTrip, a Singapore-based fintech that offers multicurrency wallet for consumers and business accounts with corporate cards for SMEs, has its eyes on growth throughout Southeast Asia after landing a Series B led by Lightspeed. The round was $50 million, and brings YouTrip's total raised to $10

Apple is making Apple Pay Later available to all users in the United States, after initially releasing it to a limited number of users back in March. Apple Pay Later allows users to split the cost of an Apple Pay purchase into four equal payments over six weeks without interest or late fees. The co

Created by the founder of Thunes, global digital currency payments institution Triple-A wants to close the gap between traditional finance and blockchain-based payments with its white-label solutions for businesses. It enables clients to pay in or accept crypto and get fiat money in their bank acco

Cutting-edge technology, from machine learning and AI to new payment rails, is transforming the world of financial services, including how fintech startups manage investor assets, assess the suitability of investments, and execute transactions. However, recent attempts by the Securities and Exchang

As cloud-based software becomes the norm for many functions inside of modern businesses, data sos are growing into an outsize problem. This is particularly true in the financial industry, where vendors are often faced with reconcing data from a diverse range of sources. According to a 2022 survey f

Google has partnered with banks and other lenders in India to offer loans to individuals and merchants on the Google Pay app as the tech giant broadens its Indian payments app, processing about 4 billion transactions monthly, and makes its strongest push for financial inclusion in the South Asian m