Fintech

Key Takeaways: UP Fintech’s revenue increased 19% year-on-year in the first quarter as its number of funded accounts grew 15% The online brokerage has entered Hong Kong as its latest new market under a stepped-up international expansion after a major clash with the Chinese regulator By...

Editor’s Note: The story has been updated to correct the typo of 10 million newly issued shares in Diamond Lake Minerals to 1 million. GlobexUS Holdings Corp ("Horizon Fintex"), powering the regulated tokenized-securities exchange Upstream, has entered into a $3.75 million share exchange...

Stake, a Dubai-based digital platform for real estate investment, has successfully raised $14 million in its Series A funding round. The investment was led by Saudi Aramco‘s venture capital arm and Abu Dhabi’s sovereign wealth fund, Mubadala Investment Co. Why It Matters: The Series A...

PayPal Holdings Inc. (NASDAQ:PYPL) is making headlines, after jumping 5.49% on Thursday. This rise comes as CEO Alex Chriss shared an optimistic outlook at the Bank of America’s Global Technology Conference on Wednesday. The stock to gain 5.6% over the past year and 10% year-to-date. 2024...

Customers Bank, known for its crypto-friendly services, has ceased providing banking services to certain hedge-fund clients. What Happened: While the bank revealed halting services, the extent of the off-boarding remains unclear. CoinDesk reported on Friday, citing three people familiar with the...

Robinhood Markets Inc (NASDAQ:HOOD) shares are moving higher Thursday after the company announced it will acquire cryptocurrency exchange Bitstamp. What Happened: Robinhood announced Thursday morning that it entered into an agreement to acquire Bitstamp and bring its globally-scaled crypto exchange...

Robinhood Markets, Inc. (NASDAQ:HOOD) has signed an agreement to acquire crypto exchange Bitstamp, in a move that significantly expands Robinhood’s presence in the crypto market. What Happened: The all-cash deal is valued at approximately $200 million, subject to customary adjustments, and...

LoanPro, a leading credit platform, announced a direct integration with Visa DPS, one of the largest issuer processors for Visa debit transactions. This integration enables LoanPro to offer card issuers, brands, financial institutions, and fintechs a unified platform to launch, manage, and service...

Navan, a $9.2 billion fintech company, has appointed a former New York Stock Exchange executive as its new chief financial officer. What Happened: Amy Butte, who served as NYSE’s CFO from 2004 to 2006, will join Navan in June, CNBC reported on Monday. Butte was previously appointed as Audit...

BlackRock Inc.’s iShares Bitcoin Trust (NASDAQ:IBIT) ascended to become the largest Bitcoin fund globally. The exchange-traded fund (ETF) overtakes long-time leader Grayscale Bitcoin Trust (NYSE:GBTC). This marks a pivotal moment in the competitive landscape of cryptocurrency investment...

Trustly, a Swedish fintech firm backed by BlackRock Inc. (NYSE:BLK) has reported a 51% increase in operating profit for 2023. Despite this, CEO Johan Tjarnberg stated that an IPO is at least two years away. What Happened: Trustly’s revenue for 2023 reached $265 million, with significant...

NVIDIA Corp. (NASDAQ:NVDA) has been the standout tech stock of the past year, leading the Nasdaq 100 index in the performance ranking. The chipmaker giant has seen an astounding 186% surge since the end of May 2023, fueled by skyrocketing demand for chips in artificial intelligence development....

Aeropay, a digital payments provider that began in the cannabis industry, has successfully raised $20 million in its Series B funding round. The round was spearheaded by Los Angeles-based fintech venture capital firm Group 11 with notable contributions from Chicago Ventures and Continental...

Visa Inc (NYSE:V) is launching new technology to enhance its position in the e-commerce marketplace. The technology will share more detailed customer preference information with retailers based on their shopping history.  This data will be securely transmitted using Visa’s...

Five startups have been chosen to join Mastercard's (NYSE: MA) Start Path blockchain and digital assets program to develop blockchain use cases and user experiences. The program will see Mastercard connect with industry experts and fintech firms to explore different use cases for digital assets...