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Banking and Insurance

Klarna's profitable results for a potential IPO

Swedish fintech company Klarna has taken the next step in its highly anticipated US IPO (Initial Public Offering).

MoneyHash, the unique access to payment services in MENA, raises 5,2 million

MoneyHash, helping merchants in the Middle East and Africa manage complex payments more easily, has raised $5,2 million

European banking startup Swan raises new funding in its Series B

French startup Swan has raised another €42 million. The company considers this round to be the second part of the Series B round that was originally announced in September 2024.

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German fintech unicorn N26 has had its first profitable quarter in 10 years

Ten years after entering the scene, fintech N26 has reported its first quarterly profit (before tax).

Revolut to launch mortgages, smart ATMs and business lending products

London-based fintech unicorn Revolut shared some elements of its company roadmap for 2025 at a corporate event in London.

Mynt raises capital to create a smarter card for SMEs

Small and medium-sized businesses are receiving increasing attention in the world of financial technology. As an example, Mynt has created an AI-based platform for corporate cards and expense management aimed at SMEs.

Klarna plans to go public in the United States

Klarna recently announced that it has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC).

Growth of SmartBank's personal finance management app

The Japanese government's initiative to increase cashless transactions has the support of a Tokyo-based startup called SmartBank that offers an app and services that make it easier for people to transition to cashless payments.

Agicap, a cash management platform, grows

Agicap's relative success comes down to a narrow focus on treasury management software: it doesn't try to do everything at once like most fintech startups.

FTC goes after neobank Dave for deceptive marketing and hidden fees

The Federal Trade Commission (FTC) has announced it will take action against online cash app and neobank Dave, which it says used "deceptive marketing to mislead consumers."

Alan introduces AI-powered health assistant for its 680.000 medical policyholders

While Alan is best known as a health insurance company, the startup has always sought to offer more than just insurance coverage. It wants to create a super app for all things healthcare.

Affirm opens in UK as BNPL market faces new regulation

Buy now, pay later (BNPL) giant Affirm is launching in the UK, its first market outside North America.

Further, a fintech focused on home buying

Kevin Bennett launched Further to try and help make the financial process easier to navigate, especially for first-time buyers.

Indian fintech Slice seals merger with bank

Indian fintech startup Slice has completed its merger with North East Small Finance Bank, marking a rare instance of a startup successfully entering India’s tightly regulated banking sector.

Interface.ai helps banks serve customer requests

Interface’s core product is a collection of voice- and text-based AI agents designed to handle basic banking customer service requests.

UK neobank Monzo reaches $5.900 billion valuation with secondary market sale

Monzo is valued at $5.9 billion after the UK-based neobank announced the sale of a stake on the secondary market in order to provide liquidity to its employees.

Pesa opens new markets to maintain the flow of remittances to emerging economies

People use risky informal channels, such as WhatsApp groups, to transfer money due to expensive, inaccessible and unreliable remittance services, which is well known by the founders of Pesa, a remittance fintech.

Matera raises 100 million for instant payments in Spain

With Pix, money is transferred directly between the central banking systems of various financial institutions. Adoption of this system has been widespread and is present everywhere. Residents of the country can even make payments to street vendors using their mobile wallets.

Stripe's main investor Sequoia confirms $70.000 billion valuation

Payments company Stripe has postponed its stock market debut, prompting Sequoia Capital, its lead investor, to look for creative ways to generate profits for its partners.

Adfin wants to fix bill payments for self-employed workers and small businesses

Adfin is a UK-based fintech startup that aims to assist businesses in the process of collecting their invoices, no matter what difficulties this entails.

X is getting closer to launching its payment service

Company X, formerly known as Twitter, is making progress in developing its next payments system, bringing it closer to Elon Musk's vision of transforming

How a B2B payments startup managed to attract big investors

Lin Murata and Deng have experience in the field of artificial intelligence. This is reflected in aspects such as B2B payment processing, customer and supplier risk assessment, payment reconciliation and cash management.

Synapse collapse has frozen almost $160 million of users

The recent collapse and bankruptcy of fintech company BaaS Synapse has highlighted the vulnerability of the fintech sector, which is often interdependent, to difficulties that a major player may face.
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