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Klarna reduces losses and identifies a significant potential in generative AI

Klarna reduces losses and identifies a significant potential in generative AI

Happy Friday FinTech Fanatic, You probably couldn't have missed it, as it was widely covered yesterday. Still, it's worth mentioning in this introduction: after a rather disappointing 2022, things seem to be turning around for the Swedish FinTech unicorn Klarna, according to their H1 2023 Results.

JPMorgan increases stake in Brazilian digital bank

JPMorgan increases stake in Brazilian digital bank

Terrific Thursday FinTech Fanatic, Walmart-owned Indian payments firm PhonePe has announced its foray into the stock broking arena with the launch of stock broking platform Share.Market. The platform offers a range of investments options, such as stocks for both intraday trading and long-term holdings, along with mutual funds, exchange-traded

Revolut establishes new lending arm in Australia

Revolut establishes new lending arm in Australia

Wonderful Wednesday FinTech Fanatic, I’d like to start today’s newsletter with some Revolut-news, as the global neobank announced a new lending arm in Australia. Several months after it obtained a credit licence from the local corporate regulator, Revolut is poised to unveil its first lending product in Australia.

Can Elon Musk create PayPalX, the "everything app"?

Can Elon Musk create PayPalX, the "everything app"?

Good morning! Yesterday, I read an interesting article by Chris Skinner, where he mentions new rumors on X by Charles Gasparino: “Elon Musk continues to have conversations with top Wall Street executives on the future of X. Seems to be settling, they tell me, on a new fangled payment system,

Brazilian bank Itau to sell Argentine business to Banco Macro

Brazilian bank Itau to sell Argentine business to Banco Macro

Happy Monday FinTech Fanatic, Brazilian bank Itau Unibanco has signed a binding agreement to sell its business in Argentina to Banco Macro for about 250 million reais ($51.47 million). The Brazilian bank had said in June it was in preliminary talks with Macro for the sale of its Argentine

Better.com’s stock tanks after SPAC combination brings it to the public markets

Better.com’s stock tanks after SPAC combination brings it to the public markets

Fantastic Friday FinTech Fanatic, After making a big splash earlier this year with the launch of its crypto card in the Brazilian market, cryptocurrency exchange Binance has now announced, only half a year later, that it will suspend its crypto debit card services. Not just in Brazil, but across all

Bunq has achieved its second major win against De Nederlandsche Bank (DNB)

Bunq has achieved its second major win against De Nederlandsche Bank (DNB)

Terrific Thursday FinTech Fanatic, Flutterwave, the leading startup in Africa, has reportedly planned to further its initial public offering (IPO) after achieving a significant milestone in obtaining its operational licence in Kenya by getting first-name approval. The intended IPO underscores the company’s dedication to expanding its reach and influence