Fintech

Japanese shipping company Nippon Yusen Kabushiki Kaisha, or NYK Line, is acquiring Germany’s salary payment platform for seafaring workers, Kadmos, as it seeks to further expand the reach of its fintech services in the maritime sector. The companies did not disclose the financial terms of t

It's been 10 years since Alexa von Tobel sold her financial planning startup LearnVest to Northwestern Mutual for a reported $375 million. Since then, von Tobel became Northwestern Mutual's first chief digital officer, then chief innovation officer, before launching an early-stage venture

The VC tech world was abuzz on Thursday when neobank Chime successfully became a public company. Chime raised $864 million on its $27 share price, which popped big, opening at $43.  This wasn't the biggest IPO of the year. CoreWeave, for instance, raised $1.5 billion in March, and its fir

One of the year's most anticipated IPOs took place on Thursday when neobank Chime raised $864 million in its IPO, pricing its shares at $27, which is above its previously announced range of $24 to $26. That gave it a starting market cap of about $9.8 billion. While some would point out that th

PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple sources familiar with the matter. It’s unclear what valuation it hopes to get, but its last round, in 2021, ranked it among the continent's most

For many companies selling ancillary services or products (think insurance), the biggest problem when selling online is having their offering be surfaced at the right moment in the customer’s purchase journey — exactly when the customer’s most likely to spend that extra dollar to

Chime, whose pending IPO is expected to be one of 2025’s blockbuster hits, issued a share price range on Monday of $24 to $26. That a market cap of up to $11.2 billion. At the midrange, the company will raise $800 million for itself and a handful of investors, including European VC powerhous

Sebastian Siemiatkowski is leaning all the way into the idea that his buy-now-pay-later, IPO-bound startup Klarna is an AI company. When Klarna delivered updated quarterly earnings on Monday, it was his AI avatar (pictured above) that presented the highlights, according to the company’s YouTu

Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its

While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure. Now, after raising $13 million in a pre-Series C round led by Casablanca-based Al Mada Ve

World, the biometric ID company best known for its eyeball-scanning Orb devices, on Wednesday announced several partnerships aimed at driving sign-ups and demonstrating the applications of its tech. World is partnering with Match Group, the dating app conglomerate, to verify the identities of Tind

Artificial intelligence is not just infiltrating the startup world. Now credit card giants Visa and Mastercard are getting into the AI game. Visa announced on Wednesday “Intelligent Commerce,” which it says enables AI “to find and buy.” AI agents will be able to shop and make purchases on

Most mortgage lenders would rather people didn't pay off their mortgages early. After all, that's how they make their money. Indeed, overpayment is positively discouraged and sometimes even penalized. What if there was a solution that solved the technology behind it, alongside the financing

The U.K. fintech sector is on a bit of a roll. Allica Bank — a London-based fintech — recently announced it had doubled its profits in 2024, bringing in £29.9 million, while neobank Revolut announced a £1 billion profit in 2024. Companies of this nature continue to spring out of London, a c