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Moneybox is Europe’s newest unicorn, worth £800m, or $1.1bn. But no fundraise set that price. Staff did, by selling shares on London’s untested new private market. Moneybox, the British savings and investing app, is now a unicorn. It has put a value of about £800m, or $1.1bn, on itself, the Financial Times first reported. The […]
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Databento has raised $97M in Series B funding to build what it calls the market data platform for modern finance. The round was led by New Enterprise Associates, with DRW, Redpoint Ventures, and Tribe Capital joining. The company announced the raise on Thursday. Demand ran well past the target. The round was oversubscribed, drawing more […]
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Databento raises $97M to take on Bloomberg’s terminal Read More »
Axos is buying Arc Technologies, an AI-native fintech that banks tech startups, and bolting its software onto a chartered bank. Axos Financial, a US digital bank with about $29bn in assets, has agreed to acquire Arc Technologies, the company announced. Arc runs a financial platform for technology and growth companies, bundling cash management, debt financing, […]
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Axos buys AI fintech Arc Technologies to bolt modern software onto a bank Read More »
Ten years ago, Karina Portugal was at advertising festivals like Cannes Lions, discussing campaigns and branding. Today, she sits across the table from some of the largest banks in Brazil, Europe, and the United States to discuss a much harder problem to sell: how do you know whether you can trust who, or what, is […]
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Karina Portugal: learning to ask the right question Read More »
Businesses looking to modernize their payment systems may want to learn what a crypto payment processor is, how it works, and why it matters. Cryptocurrency and the crypto industry at large often appear most prominently in investing circles, but recent advancements in blockchain, the technology that supports crypto, have expanded crypto’s usefulness. Today, businesses across industries […]
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How crypto payment processors can help businesses accept cryptocurrency Read More »
Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarna has applied to US regulators to set up its own bank, tech.eu reports. The Swedish fintech filed with the Utah […]
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Klarna applies for a US banking licence, its boldest American move yet Read More »
Five months ago, Uber promised to storm five new European countries with its food-delivery app. It just quietly hit the brakes, and the reason looks a lot like a €10bn takeover. Uber has paused five of its seven planned 2026 European launches, the Financial Times reported. Uber announced the push in February, targeting Austria, Norway, […]
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Uber quietly pauses 5 of 7 European food-delivery launches as it chases Delivery Hero Read More »
Most tech founders chase a bigger valuation. Thought Machine’s boss would rather talk about revenue, and he has just crossed a milestone worth boasting about. The London core-banking company has passed $100m in annual revenue for the first time, tech.eu reported. It also took a fresh £30m ($41m) from a “tier 1” bank, and pushed […]
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Thought Machine crosses $100M revenue and delays its London IPO to 2028 Read More »
Citigroup chief executive Jane Fraser says the financial sector is running two AI races at once, she told the South China Morning Post. The first is applying AI to business models to drive revenue growth, shortening product development cycles and improving customer service. The second race is defensive. Fraser said Citi’s job is to keep the […]
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Citi boss Jane Fraser says 2 AI races will decide banking’s future Read More »
Starling Bank is cutting around 130 jobs, roughly 3% of its 4,000-strong workforce, as the London-based neobank restructures its banking and technology operations. Staff were told this week that the changes were intended to simplify how the company operates, reduce duplication, and accelerate product delivery. The cuts come as Starling pushes AI deeper into its […]
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Starling Bank cuts 130 jobs as it bets on AI and looks beyond the UK Read More »