Fintech

European trading platform Bitpanda originally started as a cryptocurrency exchange. Over the past few years, it has expanded to other asset types, such as stocks, ETFs and precious metals. And now, users can buy and sell commodities, such as natural gas, oil, aluminum and wheat. The timing of this

India’s antitrust watchdog has approved PayU’s proposed acquisition of payments gateway BillDesk, the second largest M&A deal in the South Asian market’s consumer internet space, more than a year after the two firms announced their merger plan. The Competition Commission of In

India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese loan apps, it said Saturday, the latest in a series of probes in recent months. The Enforcement Directo

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Kuda, the challenger bank based in Nigeria and the U.K., has joined the ranks of tech companies in Africa that are pruning their workforce. The news of the layoffs, which was first disclosed to technewss by sources, was confirmed by Kuda via email, saying it laid off less than 5% of its 450-strong

Fresh regulations are often met with skepticism from startup founders, but digital lenders in Kenya largely seem to be upbeat about the new Digital Credit Providers law, saying it will bring order to the sector. The chairman of the Digital Lenders Association of Kenya, Kevin Mutiso, sounded optimis

Argyle, which wants to help companies and institutions get access to employment records, has laid off a number of employees across all departments, technewss has learned from sources. A spokesperson for the company confirmed the workforce reduction to technewss, saying that it let go of 6.5% of t

PayPal is expanding further into the charitable donations business with this morning’s launch of support for Grant Payments, the company has announced. The new product has been created in partnership with National Philanthropic Trust (NPT) and Vanguard Charitable and allows Donor-Advised Fund

Google says it has pulled more than 2,000 personal loan apps from its Play Store in India, and is working to make some changes to its policy at a time when the local central bank is increasingly cracking down on predatory practices. Saikat Mitra, senior director and head of Trust and Safety at Goog

India has lifted business restrictions on American Express, once again permitting the U.S. giant to onboard new customers in the South Asian market after the firm demonstrated “satisfactory compliance” with local data storage rules, the local central bank said Wednesday. In a series of

Julian Robertson’s hedge fund investors didn’t want to listen to him when, in 1999, he questioned the sanity of the prices being paid for shares in nascent internet companies. So months after being berated for 15 minutes at an annual shareholders meeting at the Plaza Hotel in New York i

In the startup world, adding lines of business is always a risk. A company can spread itself too thin and end up not doing a great job at much of anything. Or it can stumble upon an offering that not only is a hit, but a hit that's growing faster than its original, core product. The latter appe

Stripe has laid off some of the employees who support TaxJar, a tax compliance startup that it acquired last year, technewss has learned from multiple sources and firsthand documentation. The layoffs — conducted over the last month — are related to Stripe's decision to wind down TaxJar-foc

There is a major earthquake happening in the sphere of digital assets, which is expected to create shockwaves that will impact tech not only in the real world but also in the metaverse. These potentially revolutionary changes appear in an innocuous-looking, if lengthy, consultation paper titled