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Nubank surpasses 100 million customers 🤯

Nubank surpasses 100 million customers 🤯

Hey FinTech Fanatic! Nubank announced that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement comes on the heels of record 2023 financial results, with over US$1 billion in net profit

Post-Bankruptcy: Most FTX Users to Get Their Money Back

Post-Bankruptcy: Most FTX Users to Get Their Money Back

Hey FinTech Fanatic! According to a recently filed reorganization plan in court, most account holders of the defunct cryptocurrency exchange FTX are poised to recover their funds fully, with some receiving more than their initial claims. The exchange has reportedly amassed approximately $15 billion, largely through the disposal of venture

Revolut Launches Crypto Trading Platform Revolut X

Revolut Launches Crypto Trading Platform Revolut X

Hey FinTech Fanatic! It's official: Revolut launched a standalone crypto trading platform, called Revolut X, for UK retail customers. The rollout marks Revolut’s renewed interest in crypto service offerings following the halt of crypto trading for its UK business clients and the termination of its U.S.

Key Insights From Mastercard and Visa's Latest Results

Key Insights From Mastercard and Visa's Latest Results

Hey FinTech Fanatic! I'm off for a long hike in Bali today, so I'll keep it short. Enjoy my list of most important FinTech updates below and I'll be back in your inbox tomorrow! Cheers, Marcel INSIGHTS 📈 Visa and Mastercard Q1 2024 growth buoyed

Bancolombia gets into Crypto & Apple is All-In on Embedded Finance

Bancolombia gets into Crypto & Apple is All-In on Embedded Finance

Hey FinTech Fanatic, Bancolombia is venturing into Cryptocurrencies with a new platform set to compete with Binance and Bitso, called Wenia. Wenia aims to engage over 60,000 clients in its first year of operations, aligning with Colombia's potential as the third-highest country in Latin America in terms

Federal Oversight Increases for PayPal Venmo, Apple Pay, Google and other Tech Giants

Federal Oversight Increases for PayPal Venmo, Apple Pay, Google and other Tech Giants

Hey FinTech Fanatic, The U.S. government is considering applying bank-like oversight to major tech companies like Apple, Google, and PayPal, which manage digital payments through their apps. This proposed regulation, spearheaded by the Consumer Financial Protection Bureau (CFPB), aims to introduce routine checks similar to those conducted on traditional

Would You Trust Elon Musk's X With Your Finances?

Would You Trust Elon Musk's X With Your Finances?

Hey FinTech Fanatic! Earlier this week I shared that Elon Musk’s X now has a Money Transmitter License in 25 States in the US. According to Christopher Stanley, the Head of Payments at X, the platform's payment capabilities will extend far beyond simple tipping. Users can soon