With a $223 million revenue for its last fiscal year which ended in March, TransferWise has grown by more than 50%. The company is still the most valued fintech startup in the U.K.
Binance mentioned that unlike Facebook’s Libra, its Venus stablecoin won’t be a trouble for regulators and will help to bridge the gap between traditional financial markets and the crypto industry.
Plaid revealed that Mastercard and Visa have strategic investments made during a series C funding last December. While this raises prospects for greater innovation in the financial ecosystem, do we want another tech giant with access to too much data?
A newly released Accenture report shows the rapid transition of the global payments industry and how the new systems will make the traditional revenue models obsolete.
Northmill, a Swedish fintech company, has received an SFSA (Swedish Financial Supervisory Authority) approval to receive a banking license. Experts are speculating that other competitors in this field such as Revolut and N26 should be worried.
In some relief to the Libra Association, officials from 26 central banks will be quizzing Facebook on the scope, scale, and implementation of the Libra project.
Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks. The startup’s employees began testing the new feature in recent weeks.
Five of the biggest stocks in the market, FAANG, aren’t performing as well as they used to and expectations by market analysts seem to be lowering consistently. Are the glory days officially over and can FAANG really be replaced?
Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight.
Jack Ma, who is one of the technology heavyweights of all time is stepping down after a prolific career as founder and Chairman of the Alibaba Group. He is known to have been steered Alibaba from idea to startup to Global Technology giant.
It has come to light that Australia has given a banking license to a new online-only banking firm – Xinja Bank. This way, Australia allows the new banking startup to compete against the four largest companies that dominate this sector.
Uber recently sent out an in-app survey to some drivers that indicated the company is starting to build a “new financial product” designed to help Uber drivers “in a time of need.”
Customers who use the Stripe payment platform will now enjoy business loans up to $20,000 through the company’s recently unveiled Stripe Capital. The company is looking to provide businesses with better access to funds.
Last year, Ripple and Coinbase were ranked high by LinkedIn. In 2019, they have taken 28th and 29th positions accordingly.
While there is no concrete plan to make any specific crypto moves, an Apple Pay executive has just confirmed that the company is paying attention to the sector. Hopefully and at some point, Apple Pay will support cryptocurrency.