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Cleo Considers IPO as Revenue Soars Toward $500M ARR

Cleo Considers IPO as Revenue Soars Toward $500M ARR

Hey FinTech Fanatic! Cleo posted $136M in 2024 revenue and says it’s just passed $250M ARR. 🤯 In a LinkedIn post, CEO Barney Hussey Yeo said the company is now profitable and weighing an IPO: “$500M ARR is around the corner. So, London or NYC for the IPO?” he wrote.

Tether’s Not Done Yet - And Now It Wants Wall Street

Tether’s Not Done Yet - And Now It Wants Wall Street

Hey FinTech Fanatic! Well, that didn’t take long. Less than a week after Trump signed the Genius Act into law, Tether is already plotting a U.S. return: four years after being booted from New York and slapped with $60 million in fines. This time, the world’s largest

Goldman & BNY Mellon Tokenize the $7.1T Money Market Industry

Goldman & BNY Mellon Tokenize the $7.1T Money Market Industry

Hey FinTech Fanatic! Two of Wall Street’s biggest names, Goldman Sachs and BNY Mellon, took a major step in rewriting how institutional money moves. They’ve launched a platform allowing institutional clients of BNY to buy tokenized money market funds, recorded on Goldman’s blockchain infrastructure. The big idea?

Israel Grants Payment Licenses to Airwallex, Mesh, Rapyd, and Revolut

Israel Grants Payment Licenses to Airwallex, Mesh, Rapyd, and Revolut

Hey FinTech Fanatic! Airwallex, Mesh, Rapyd, and Revolut just got the green light from Israel’s Securities Authority to operate as licensed payment service providers. This opens the door to a new chapter for Israel's FinTech market. These companies can now expand their services to include transferring funds,

Wise Faces Founders’ Tension Ahead of US Listing

Wise Faces Founders’ Tension Ahead of US Listing

Hey FinTech Fanatic! What is going on with Wise? Taavet Hinrikus, one of the FinTech co-founders who stepped down in 2021 (but still holds a 5.1% stake), is urging shareholders to vote against shifting Wise’s primary listing out of London. He’s raising concerns about transparency, as the

Visa and Mastercard Face Investigations in Türkiye and the UK

Visa and Mastercard Face Investigations in Türkiye and the UK

Hey FinTech Fanatic! It’s shaping up to be a rough week for the card giants. Türkiye’s Competition Authority has launched an antitrust investigation into Visa and Mastercard, probing whether they have blocked local payment providers from facilitating international merchant transactions, thereby bypassing their fees. Meanwhile, in the UK,

Paddle Raises $25M as Web Monetization Booms

Paddle Raises $25M as Web Monetization Booms

Hey FinTech Fanatic! Fresh off a wave of AI-driven demand and Apple’s web payment policy shift, Paddle has raised $25M to fuel its next phase of growth. The Merchant of Record platform is doubling down on enterprise features, global expansion, and go-to-market firepower, with a new Austin office and