Robinhood, the controversial commission-free stock trading app that blocked Reddit Army from trading Gamestop and AMC stocks back in April, has been hacked. In a blog post, Robinhood admitted that the fintech company suffered a “data security incident” on November 3rd […]
Doing business in today’s global economy is riskier than ever. With cash flow being the lifeblood of most small businesses, unpaid invoices and a lack of cash on hand could force many companies to shut down and go out of […]
The global housing crisis is everywhere. Today, countries all over the world are facing a massive shortage of homes for their expanding populations. Pakistan is not an exception. With a population of 220 million people and more than 60% of them under […]
Payment processing has come a long way in recent years. The growing popularity of online shopping and the use of quick pay options in brick and mortar stores has forced companies to rethink old practices and spurred innovation. In September […]
We covered Paytm back in May when the Indian digital payments leader announced its plan to go public by November with a target valuation of around $25 billion to $30 billion. Back then, Paytm was aiming to raise about $3 billion (218 billion rupees) […]
Nasdaq’s vice president of listing qualifications, Eun Ah Choi, said shares of Valkyrie’s Bitcoin ETF had been certified for listing on the exchange. The certification for Nasdaq listing is a hint that the U.S. Securities and Exchange Commission (SEC) may soon […]
SumUp, a London, England-based fintech startup and global payments service provider, has acquired San Francisco-based startup Fivestars for $317 million in a bid to expand its footprint in the U.S. and take on giants like PayPal and Square. The announcement comes six months after SumUp […]
When you’re self-employed, finding a way to save for retirement and reduce your taxes can be a challenge. While you benefit from the freedom of running your own business, you also get stuck with the heavy burden of quarterly estimated […]
Henry Ford, the founder of Ford Motor Company, once said: “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow […]
In 2020, the global GDP amounted to about $84.54 trillion, according to data from research firm Statista. On the other hand, the global B2B eCommerce market was estimated to be $12.2 trillion in 2019, which is over 6 times that […]
The global B2B payment continues to grow at an exponential rate with no sign of slowing down. It is estimated that B2B payments volume totals approximately $120 trillion per year globally and roughly $25 trillion per year domestically. The growth is expected […]
Forex trading (forex or FX) is the process of trading one currency for another. It also represents the price or how much it costs to buy the currency of one country using the currency of another country. Today, the forex exchange market […]
In May, the U.S. Federal Reserve bank announced the plan to launch five U.S. central bank digital currency pilots over the next 12 months as part of its Digital Dollar Project effort (DDP). The news came almost a year after the […]
Avalanche, a new blockchain tech startup that promises to offer the industry’s fastest smart contracts, has raised $230 million in a token sale to institutional investors led by Polychain and Three Arrows Capital. Avalanche is a smart contract-enabled cryptocurrency that also supports the proof-of-stake blockchain. […]
The FinTech industry is changing the face of finance and banking. Unlike in the past when companies only care about making profits, a new generation of leaders and a thriving ecosystem of startups are unlocking new possibilities to make broader […]
As of 2020, there are over 40 million Hispanics of Mexican origin living in the United States, many of whom are unbanked or underbanked because of inadequate access to banking resources, including bank branches in their community, and access to loans with […]
Melio, a New York-based fintech startup that gives small businesses a way to digitally manage their business-to-business payments and receivables, today announced it has raised $250 million in late-stage funding round, tripling its valuation to $4 billion since the start […]
Globally, 18% of small businesses said they were currently closed, down from 24% in February. In the US, both numbers were slightly lower, at 16% and 22% respectively. However, of those businesses still operating globally, more reported reduced employment this […]
Over the past four years, we’ve been keeping track of the global top 500 unicorn startups with a valuation of $1 billion or more. Predictably, the United States accounts for more than half the valuation of all the global unicorns combined […]
Just last month, Jack Dorsey’s payments company Square acquired Australian buy now pay later (BNPL) fintech company Afterpay for $29 billion. The acquisition brings together two of the fastest-growing global fintech companies to advance the shared mission of economic empowerment and financial […]
