Charlie Javice, the founder of the startup of the Frank student loan application that was bought by JPMorgan for $ 175 million, was convicted on Friday of defrauding the bank by largely inflate the customer count. After a five -week trial, the jury found Javice guilty, according to the statements of the prosecutors that manufactured […]
Fintech Block dismissed 931 people, approximately 8% of the company’s staff, on Tuesday, according to a leaked message from the company seen by britcommerce. The newspaper was announced in an email of the co -founder and CEO of Block, Jack DORSEY. Dorsy told the staff that on Tuesday, Block will be “making some changes in
Read the email that Jack DORSEY sent when 931 of block staff cut– BC Read More »
A large part of the population of Egypt lacks access to traditional banking, which forces many to trust cash transactions and informal loans. Khazna, a Fintech startup founded in 2019, is addressing this problem by offering adapted financial services for low and medium -income workers. The company offers solutions such as salary advances, digital payments
If you talk to a Fintech entrepreneur about your business, you are likely to end up talking about accounting problems at some point. A larger book is a record of money movements that serve as a source of truth for financial assets, but when a company begins to have multiple bank accounts, payment processors and
Formance raises $ 21 million to build the AWS for Fintech infrastructure– BC Read More »
Groww, India’s largest retail brokerage, is preparing to file for an initial public offering (IPO) in 10 to 12 months, seeking a valuation between $6 billion and $8 billion, sources told britcommerce familiar with the matter. The listing of the Bengaluru-based company would be the first initial public offering of a digital commerce platform in
India’s Largest Commerce App Groww Seeks $7 Billion Value in IPO– BC Read More »
Bench, a Canada-based accounting startup that offered software as a service to small and medium-sized businesses, abruptly closed, according to a notice posted on your website. “We regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible,” the notice reads. “We know this news is abrupt and
bitcoin prices have been on the rise this year and the cryptocurrency hit the price of $100,000 for the first time on Wednesday. The price of the cryptocurrency has risen more than 5% in the last 24 hours. The latest rally began with the election of Donald Trump as president, who promised a more cryptocurrency-friendly
Bitcoin surpasses the $100,000 mark for the first time– BC Read More »
An African fintech that has grown with a team of 30,000 direct sellers is marching toward profits in country after sub-Saharan country. Now, M-KOPAThe pay-as-you-go asset financing platform that serves 5 million unbanked Africans, is moving towards a major milestone: surpassing an annual revenue rate of $400 million by the end of the year. The
Financial inclusion brings African fintech M-KOPA to $400 million in ARR– BC Read More »
Buy now, pay later (BNPL) giant Say launches in the United Kingdom, its first market outside of North America. Its long-awaited arrival comes as UK lawmakers mull new rules to align BNPL companies with other traditional consumer credit services, although such laws are not expected to come into force until at least 2026 – long
Affirm launches in UK, as ‘buy now, pay later’ market faces regulatory review– BC Read More »
Paytm, a leading Indian financial services company, has received regulatory approval to resume onboarding new UPI payments users, following an eight-month restriction on many of its operations. UPI, which processes over 15 billion transactions monthly, dominates India’s online payments. Walmart-owned PhonePe and Google Pay process around 87% of UPI transactions, while Paytm’s market share has
India’s Paytm gets approval to resume payments growth– BC Read More »
