FinTech
US Justice Department probing FinTech’s over PPP loan calculations
The U.S. Department of Justice is investigating whether financial technology companies including Atlanta-based Kabbage Inc may have erred while distributing billions of dollars in ...
Square sails past profit estimates as bitcoin volumes surge
Payments firm Square Inc has beaten Wall Street expectations for quarterly profit, as surging demand for bitcoin fuelled a jump in cryptocurrency transactions on its peer-to-peer p...
German regulator warns Binance over stock tokens
Germany’s financial regulator, BaFin, warned that Binance, one of the world’s largest cryptocurrency exchanges, risked being fined for offering security-tracking tokens...
FinTech start-up Current valuation triples after Andreessen funding
Current has raised $220 million in a funding round led by venture capital giant Andreessen Horowitz that lifted its valuation by three-fold to a cool $2.2 billion.
Ant Group agrees to invest in Brazil loyalty co Dotz
China’s Ant Group has sealed a deal to acquire a 5% stake in the Brazilian loyalty program Dotz, according to a securities filing on Wednesday.
PayPal’s Venmo launches crypto buying and selling
Venmo, the peer-to-peer payment service owned by PayPal, has said it has started allowing users to buy, hold and sell cryptocurrencies on its app, a step that could inspire more ma...
Ant explores ways for Jack Ma to exit as Beijing piles pressure
Ant Group is exploring options for Jack Ma to divest his stake, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing̵...
Bitcoin hits record before landmark Coinbase listing on Nasdaq
Bitcoin hit a record of $62,741, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States.
Facebook messaging service gets delayed Brazil nod for payments
Brazil’s central bank has cleared the way for Facebook-owned WhatsApp to let its users send each other funds using the Visa and Mastercard card networks, months after vetoing...
Shares in companies linked to non-fungible tokens (NFT’s) surge
Shares in some companies linked to non-fungible tokens , a type of digital asset that is authenticated by blockchain spiked higher, benefiting from their status as the latest hot t...
WhatsApp hires Amazon Pay’s Mahatme to lead India payments
WhatsApp has hired a top Amazon executive to head its payments business in India, two sources told journalists, as the messenger service gears up to expand in the booming sector.
Investors value China’s Ant Group at over $200 billion after IPO halt
Some of Ant Group’s global investors have valued the notable Chinese FinTech business at a massive $200 billion based on its 2020 performance, said people with knowledge of t...
Bitcoin is at ‘tipping point,’ Citi says as price rises
Bitcoin rose nearly 7%Â as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and c...
Brexit Britain to offer fast-track visas to bolster FinTechs
The UK government has said it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will st...