Klarna Reports $1 Billion Loss
Swedish BNPL giant Klarna reported losses for 2022.
Finance & Economics - page 96
Startup Zipzero Raises £1 Million
Zipzero, a British consumer app, has announced that it has managed to attract initial funding of 1 million pounds.
Banco Sabadell to Sell Payments Arm to Nexi
Spanish bank Banco Sabadell announced the sale of 80% of the shares of its Paycomet payment division to the Italian company Nexi.
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Japanese Banks to Enter Metaverse Economic Zone
Leading Japanese banks and tech companies have joined a metaverse infrastructure project to provide payments, authentication, and insurance services for users across platforms
Sequoia Backs Off App Citizen
Sequoia Capital has stopped funding the app to track the security situation.
Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
Citizens Trust Bank has announced plans to hold $65 million in cash reserves in US dollars (USDC).
OpenWallet Foundation Announces 37 Backers for Digital Wallet Project
The Linux Foundation Europe’s initiative to create an open-source engine was implemented with the support of 37 private, non-profit, academic, and government organizations.
Investment Banks Approach Monzo Over IPO
Investment banks have approached the British bank Monzo about a potential initial public offering of shares.
DBS Bank India to Enhance Financial Solutions for MSMEs
DBS Bank India partnered with the eSamudaay network to offer better cash management solutions to MSMEs which conduct business through Open Network for Digital Commerce (ONDC)
Revolut Launches In-App Cashback Feature
Revolut, a global financial superapplication launches a new way of shopping, in which customers receive cashback from their favorite retailers.
Embedded Payments Revenue to Surpass $59B Globally by 2027
A new study from Juniper Research found that the global revenue from embedded payments will reach $59 billion in 2027, up 84% from $32 billion in 2023
Noventiq Closes Acquisition of Saga Group
Noventiq, a global provider of solutions and services in the field of digital transformation and cybersecurity, announced the completion of the acquisition of a controlling stake in .
Wise Joins G-P to Power Global Contractor Payments
Wise collaborated with the global employment platform G-P to deliver flexible payment options for businesses that work with international freelancers and contractors
Plaid Launches Portal to Ease Access to Cybersecurity-Related Information
Plaid simplifies access to information that is requested during a cybersecurity check.
Santander Bank Enlists SigFig for Digital Investment Tools
Santander Bank, N.A. announced the expansion of cooperation with SigFig to create investment and advisory solutions for its clients through Santander Investment Services.
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