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Brex and Zip Team Up to Serve the Enterprise - Even If It Means Partnering with Rivals

Brex and Zip Team Up to Serve the Enterprise - Even If It Means Partnering with Rivals

Hey FinTech Fanatic! Brex, once laser-focused on startups, is doubling down on enterprise by partnering with Zip, a fast-growing procurement startup. The two FinTechs, which together serve over 30,000 businesses, including OpenAI, Coinbase, Zapier, and Anthropic, are launching a new product: “Brex for Zip.” It embeds Brex’s virtual

Klarna’s Losses Double Amid Rising US Consumer Strain

Klarna’s Losses Double Amid Rising US Consumer Strain

Hey FinTech Fanatic! Swedish BNPL giant Klarna reported a Q1 net loss of $99M, more than double last year’s $47M, as loan defaults surged, a red flag tied to weakening U.S. consumer health. Credit losses reached $136 million (up 17% YoY), driven by declining consumer confidence and macroeconomic

Following Nasdaq IPO, eToro Considers Dual Listing in Abu Dhabi and London

Following Nasdaq IPO, eToro Considers Dual Listing in Abu Dhabi and London

Hey FinTech Fanatic! After years of waiting, eToro has finally landed on the Nasdaq, and it’s not stopping there. In the wake of its long-awaited debut last Wednesday, the social trading platform is already weighing a dual listing in either London or Abu Dhabi. CEO Yoni Assia told reporters

MoonPay Launches Stablecoin Card With Mastercard

MoonPay Launches Stablecoin Card With Mastercard

Hey FinTech Fanatic! And once again, I’m back with stablecoins, though this time, there's more than that. MoonPay is making a move into the world of offline payments. The crypto firm has partnered with Mastercard to roll out a debit card that allows people and businesses to

Perplexity Taps PayPal for Agentic Transactions

Perplexity Taps PayPal for Agentic Transactions

Hey FinTech Fanatic! From this summer, PayPal will become the transaction engine behind Perplexity Pro, enabling users in the U.S. to complete purchases directly from a single query. Whether it’s booking travel, buying tickets, or searching for everyday products, consumers will be able to check out with PayPal

Robinhood to Acquire WonderFi in $179M Deal

Robinhood to Acquire WonderFi in $179M Deal

Hey FinTech Fanatic! Robinhood announced its agreement to acquire WonderFi, a Canadian digital asset platform with deep regulatory roots and over C$2.1 billion in assets under custody. The C$250 million (US$179 million) all-cash deal offers WonderFi shareholders a 41% premium to the last closing price and

eToro Closes IPO Books After 10x Demand

eToro Closes IPO Books After 10x Demand

Hey FinTech Fanatic! Some stories arrive all at once, like a tide waiting offshore. After shelving its public debut in 2021, eToro has found its moment, and the response has been swift. According to Calcalist, underwriters Goldman Sachs and Jefferies have closed the order books earlier than scheduled. The offering