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Amazon, Meta join fight to end Google Pay, PhonePe dominance in India

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PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.

Amazon, Meta join fight to end Google Pay, PhonePe dominance in India Read More »

Steve Ballmer blasts founder he backed who pleaded guilty to fraud: ‘I was duped and feel silly’

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Steve Ballmer wrote a fiery letter in the sentencing of disgraced founder Joseph Sanberg documenting all the harm that’s befalling him as an investor.

Steve Ballmer blasts founder he backed who pleaded guilty to fraud: ‘I was duped and feel silly’ Read More »

Salmon raises $100M in equity and debt to bring digital credit to underbanked Filipinos

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Salmon is targeting underbanked Filipinos, with little to no credit history, as well as people unhappy with the incumbent lenders’ reliability issues.

Salmon raises $100M in equity and debt to bring digital credit to underbanked Filipinos Read More »

Revolut eyes valuation of up to $200B in eventual IPO

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Fintech giant Revolut, which secured a full banking license in the U.K. in March after years of waiting, was most recently valued at $75 billion in a secondary share sale.

Revolut eyes valuation of up to $200B in eventual IPO Read More »

Once close enough for an acquisition, Stripe and Airwallex are now going after each other

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For most of its life, Airwallex and Stripe have mostly operated in different geographies, selling to different buyers. That’s changing.

Once close enough for an acquisition, Stripe and Airwallex are now going after each other Read More »

Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation

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Five years later the founders, now 24 years old, say their startup has achieved $300 million in annualized revenue.

Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation Read More »

Airwallex is about to take on Stripe and the rest of the payments industry — in the physical world

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Airwallex, valued at $8 billion, is launching a point-of-sale product that lets businesses accept in-person payments in multiple countries via a single platform.

Airwallex is about to take on Stripe and the rest of the payments industry — in the physical world Read More »

OpenAI has bought AI personal finance startup Hiro

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The acquisition indicates a capability that OpenAI is building into ChatGPT: financial planning.

OpenAI has bought AI personal finance startup Hiro Read More »

Kalshi wins temporary pause in Arizona criminal case

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The Commodity Futures Trading Commission announced Friday that it has won a temporary restraining order preventing Arizona from pursuing its criminal case against Kalshi.

Kalshi wins temporary pause in Arizona criminal case Read More »

Collide Capital raises $95M fund to back fintech, future-of-work startups

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Collide Capital, founded by Brian Hollins and Aaron Samuels, announced Thursday the close of a $95 million Fund II.

Collide Capital raises $95M fund to back fintech, future-of-work startups Read More »