November 29, 2024
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Atos secures $1.82 billion in funding to restructure its debt
Nickie Louise Posted On July 15, 2024


Atos, once a beacon of promise in France’s tech industry, announced on Monday that it has secured €1.675 billion ($1.82 billion) in funding to restructure its debt. This lifeline comes through a lock-up agreement with a coalition of banks and bondholders […]


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These 3 companies control 88% of the largest corporations in America
Daniel Levi Posted On July 12, 2024


The United States has long been admired for its vibrant marketplace, a breeding ground for innovation and independent businesses. However, a recent study by Cambridge University Press reveals a concerning trend of corporate consolidation that threatens the very essence of […]


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Jeff Bezos to sell $5 billion of Amazon shares after stock hits record high
Nickie Louise Posted On July 3, 2024


In a move that may raise eyebrows across the financial markets, Amazon founder and executive chair Jeff Bezos plans to sell almost $5 billion worth of shares in the e-commerce behemoth, according to a recent regulatory filing. This announcement follows […]


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UK fintech startup Revolut seeks $40 billion valuation following a $553.81 million profit
Nickie Louise Posted On July 2, 2024


British digital banking startup Revolut announced on Tuesday a record pretax profit of £438 million ($553.81 million) for 2023, driven by robust user growth and a significant rise in interest-related income. This marks a significant milestone as the company aims […]


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FinTech
Forex Expo Dubai Set to Be World’s Largest Online Trading Event with Over 15,000 Attendees
financewire Posted On June 25, 2024


Dubai, United Arab Emirates, 25th June 2024, FinanceWire


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Pioneering the Future of Borderless Real-World Asset Transactions
Nickie Louise Posted On June 25, 2024


Real-world assets (RWAs) have the potential to become a borderless and boundless disruptive technological advancement — but they face global barriers to adoption. These barriers arise in the face of international transactions, regulatory navigation, and verification practices. However, Web3 can […]


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Would you trust Elon Musk’s X to be your new bank?
Nickie Louise Posted On June 21, 2024


Elon Musk, the visionary billionaire behind Tesla and Neuralink, is setting his sights on a new industry: financial services. Now, Musk’s X (formerly Twitter) wants to be your new bank he eyes the expansion of the social network platform into […]


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FinTech
HyperJar lands Festival Republic digital voucher contract 
financewire Posted On June 20, 2024


London, UK, 20th June 2024, FinanceWire


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Top venture funding news for today, June 19, 2024: Entro Security, Talkiatry, MeetRecord, Marigold, and Tandem AI
Daniel Levi Posted On June 19, 2024


Good evening! Today’s news is lighter due to the Juneteenth holiday, a federal holiday in the United States commemorating the end of slavery. So, here are the top venture funding stories for June 19, 2024: Zilch raises $125M in debt […]


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London-based fintech startup Zilch raises $125M in debt financing ahead of potential IPO
Daniel Levi Posted On June 19, 2024


Zilch, a London-based buy-now-pay-later (BNPL) startup, has secured £100 million ($125 million) in securitized debt financing from Deutsche Bank ahead of the highly anticipated public listing. Valued at $2 billion (£1.65 billion) as of last October, Zilch plans to use […]


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Top venture funding news for today, June 18, 2024: Maxim AI, Huntress, Companion, Ramify, Hark, & Echion
Daniel Levi Posted On June 18, 2024


Good evening! It’s been over a year since our last edition of the Top Startup News of the Day, and we’ve been hard at work behind the scenes to introduce a new feature: the Startup Directory. This tool allows you […]


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Dublin-based fintech startup CleverCards raises $8.6M in funding to help businesses issue prepaid cards and prevent abuse
Nickie Louise Posted On June 14, 2024


CleverCards, a Dublin-based fintech startup that helps businesses stop employees from abusing corporate expenses, has secured €8 million ($8.6 million) in new funding. The investment is a remarkable show of confidence in the 5-year-old startup amidst a broader fintech funding […]


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UK digital bank startup Monzo turns profitable for the first time after 9 years of operation
Nickie Louise Posted On June 3, 2024


British digital bank startup Monzo posted its first-ever annual profit after nine years in business. In an announcement on Monday, Monzo revealed that its pre-tax profits for the fiscal year 2023-2024 totaled £15.4 million ($19.6 million), a significant turnaround from […]


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Swedish climate fintech startup Doconomy raises $36.9M in Series B funding co-led by UBS and CommerzVentures
Nickie Louise Posted On May 31, 2024


Doconomy, a Swedish climate-focused fintech startup, has raised €34 million ($36.9 million) in funding from leading European banks, including UBS and CommerzVentures, the venture arm of Commerzbank. The Series B financing round was co-led by UBS Next and CommerzVentures, with […]


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Travel paytech startup Swiipr secures £6M in Series A funding to fix airline disruption payments
Daniel Levi Posted On May 28, 2024


Every year, millions of travelers worldwide face the frustration of flight disruptions, causing headaches for both passengers and airlines alike. These cause airlines to lose billions of dollars, resulting in customer dissatisfaction, reputation damage, and huge fines. It is a […]


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FinTech
Xsolla Releases Quarterly Insights Report On The Future Of Gaming And Game Development: A Preliminary Analysis Of Spring 2024 Metrics And Upcoming Trends
financewire Posted On May 14, 2024


Sherman Oaks, United States, May 14th, 2024, FinanceWire Xsolla, a global video game commerce company, published the Spring 2024 edition of “The Xsolla Report: The State of Play” today. Launched on the heels of the Game Developers Conference (GDC) 2024, […]


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UK digital bank startup Monzo raises $190 million in funding at $5.2 billion valuation
Nickie Louise Posted On May 9, 2024


UK digital bank startup Monzo has raised another $190 million from a group of high-profile investors, the company announced on Wednesday. The latest round pushes the total funding raised by the company so far this year to $610 million. The […]


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Navigating the Future: AI’s Role in Reshaping Fintech Landscape
Nickie Louise Posted On May 7, 2024


Fintech is one of the most demanding markets due to rapid technological changes, numerous regulations, commonplace hacker attacks, and tense competition. That’s why financial businesses are on a constant hunt for technologies that can improve their banking, investing, and risk […]


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Stripe reenters the crypto payments market with USDC stablecoin
Nickie Louise Posted On April 26, 2024


Fintech startup Stripe is getting back into cryptocurrency after a six-year break. But this time, they’re focusing on stability. Instead of the wild fluctuations of Bitcoin, the fintech giant is turning to USDC a stablecoin tied to the US dollar, […]


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Brazilian fintech startup Vixtra secures $36M in funding to support small business importers in Latin America
Nickie Louise Posted On April 24, 2024


Vixtra, the Brazilian fintech startup shaking up the import industry by allowing importers to use their cargo as collateral, announced today it has raised a total of $36 million in funding to support Brazilian importers across Latin America. This injection […]


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