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Klarna Reports Loss But Plans to Return to Profitability by Summer
Klarna reported a $1 billion operating loss in 2022, up from a $680 million operating loss in 2021.Despite the loss, Klarna plans to return to profitability by this summer.Klarna last reported a full...
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Wise Launches Two New Products, Undergoes Rebrand
Wise is unveiling a new look and feel, as well as two new products.The company anticipates its “visual makeover” will create a more consistent user experience.The two new products include the Wise...
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The Five People You’ll Meet at FinovateEurope
It’s the first day of March, which means FinovateEurope is officially taking place this month on March 14 through 15 at the Intercontinental O2 in London (there’s still time to register). As you...
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Modern Treasury Unveils Global ACH Payment Tool
Modern Payments and Silicon Valley Bank partnered to launch a cross-border money movement tool called Global ACH. Global ACH leverages local payment rails to enable mutual clients to send cross-border...
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Ramp Lands $5 Million to Automate Revenue Forecasting
U.K.-based Ramp raised $5 million in Seed funding for its business forecasting tools. This marks the company’s first round of funding. The round was led by AlbionVC and Eurazeo with participation from...
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Coinbase Launches Wallet-as-a-Service
Coinbase is launching a Wallet-as-a-Service (WaaS). The offering will enable businesses to build web3 wallets for their customers, using only web2 skills. Initial customers for the launch include NFT...
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Intuit Pulls from Mint to Build New Credit Karma Net Worth Tool
Credit Karma is launching Net Worth, a new tool that will enable users to view and track their net worth in a single place. Intuit’s Mint business has joined the Credit Karma team to facilitate the...
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Jonathan Alloy on the State of Digital Banking
Jonathan Alloy is a seasoned financial services professional with years of experience in the sector. He formerly served as Vice President of Design Thinking at Credit Suisse, where he was responsible...
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Paysera Taps Ria’s Physical Money Transfer Locations
Paysera is partnering with Ria to add cash-pickup capabilities to its suite of financial services offerings. Paysera clients can select from Ria’s network of 522,000 cash pickup locations in 152...
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APEXX Global Raises $25 Million to Expand into North America
APEXX Global has raised $25 million in a Series B round. The funds come from existing investors Forward Partners, Alliance, and MMC Ventures. APEXX Global will use the new investment to expand further...
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4 Potential Impacts the SVB Fallout May Have on Banks
The fintech industry experienced quite a dramatic weekend of fast-breaking news regarding the collapse of Silicon Valley Bank (SVB). By now, you’ve likely heard that the Biden administration stepped...
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Sezzle Revisits Plan to Publicly List in the U.S.
Sezzle announced plans to publicly list on the Nasdaq by the end of September. The company will continue to sell common stock on the Australian Stock Exchange. The news comes two years after Sezzle’s...
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Tilia, a Payments Platform for Digital Economies, Raises $22 Million
Payments platform for digital worlds, Tilia, raised $22 million. The funds come from South Korea-based Dunamu and J.P. Morgan Payments. Tilia offers a compliant way for digital content creators to...
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GPT-4 Has Arrived. Here Are 6 Things You Should Know about the New Iteration.
If you need a break from bank failure news, here’s something refreshing. OpenAI’s GPT-4 was released yesterday. The new model is the successor to GPT-3.5-turbo and promises to produce “safer” and...
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Stripe Lands $6.5 Billion in Funding at $50 Billion Valuation
Stripe received $6.5 billion in Series I funding, along with an updated valuation of $50 billion. The $50 billion valuation is almost half of the company’s peak valuation of $95 billion received in...
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India’s PhonePe Receives $200 Investment from Walmart
PhonePe raised $200 million from Walmart. With this latest tranche, the India-based company maintains its $12 billion valuation. The new investment brings PhonePe’s total funding to $650 million. Just...
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Zeta and Featurespace Partner to Combine Card Processing with Fraud Detection
Zeta and Featurespace are partnering to create a solution that combines credit card processing and fraud detection. The new offering will be made available to U.S. credit card issuers. The solution...
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eToro Lands $250 Million at $3.5 Billion Valuation
eToro landed $250 million in funding at a $3.5 billion valuation The investment boosts the company’s total funding to $573 million. Today’s funding comes from an agreement made during eToro’s...
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J.P. Morgan Acquires Aumni, Investment Analytics Provider
J.P. Morgan is acquiring investment analytics tool Aumni. While terms of the deal are undisclosed, CNBC reports that J.P. Morgan will pay around $232 million for Aumni. J.P. Morgan expects the buy...
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Mangopay Acquires Payment Orchestrator WhenThen
Mangopay acquired Whenthen for an undisclosed amount. The acquisition comes four months after Mangopay bought fraud detection and prevention company Nethone. The two acquisitions are facilitating the...
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