Revolut Tops $1 Billion in Profit
Revolut, a United Kingdom-based fintech company, announced on Thursday, April 24, that its annual profit exceeded the $1 billion mark for the first time.
Fintech & Ecommerce - page 6
EBay Launches Klarna BNPL Services for US Consumers
Consumers in the United States can now use the Buy Now, Pay Later (BNPL) service on eBay.
Chinese E-Commerce Platforms Reportedly to End Refund-Without-Returns
The media, citing insiders, published information according to which the Chinese authorities have asked e-commerce platform operators to stop insisting that merchants refund customers without requiring the return of goods.
TD Bank to Open AI Center
TD Bank Group will open a new office in New York City for its artificial intelligence research and development center, Layer 6, in the current year.
Credibly Introduces AI Solution for Lending
Credibly is to enhance its AI-driven offering for small businesses with the launch of a new lending platform, Credibly.ai.
GreenFi Launches to Combine Personal Finance With Climate Care
After the 2024 asset buyout, the former Aspiration’s consumer fintech division re-launches as a climate-friendly banking startup, GreenFi.
MoneyHero Enables Direct Car Insurance in Hong Kong
MoneyHero customers in Hong Kong can now directly complete their end-to-end car insurance purchase journey on the personal finance aggregation and comparison platform.
CompoSecure Launches Wallet Integration With MoneyGram
CompoSecure, a payment card and security solutions provider, has announced the integration of its Arculus Cold Storage Wallet with MoneyGram Access.
Stripe Expands Partnership With Tencent and Weixin Pay Availability
From now on, Weixin Pay, a version of WeChat Pay, is available not only for online payments powered by Stripe but also for in-person shopping via Stripe Terminal in 20 countries.
Swift Enhances Case Management to Optimise Payment Investigations
Swift estimates that adopting Case Management early could help the financial industry save more than $600 million each year in operational and liquidity expenses, while also potentially increasing gross revenue by 3–5%.
Shein and Temu to Increase US Prices
Chinese online retailers Shein and Temu have notified US consumers that prices on their respective e-commerce platforms will increase from April 25.
SoFi Adds Funds in Commitments to Loan Platform Business
SoFi secured agreements worth $3.2 billion for expansion to its Loan Platform Business.
Toku Raises $48 Million
Toku raised $48 million in a Series A funding round for its accounts receivable (AR) software-as-a-service (SaaS) platform focused on mid-market to enterprise businesses in Chile, Brazil, and Mexico.
Agentic AI in E-Commerce
Even online shopping can be painstaking, given the manifold selection of products and e-commerce stores. If the mere thought of browsing through myriads of online shops’ inventory items, comparing prices and logistic options leaves you feeling exhausted – agentic AI is on its way to the rescue mission.
Western Union Develops Media Network Business
Western Union is committed to developing its new Media Network business through collaboration with Magnite, an independent sell-side advertising company.
ValidiFI Offers Authoritative Bank Account Verification Tool
Bank account and payment intelligence company ValidiFI has started offering consumers new authoritative bank account verification capabilities.
Fintech & Ecommerce
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