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Apple Card’s Savings account by Goldman Sachs reaches over $10 billion in deposits

Apple Card’s Savings account by Goldman Sachs reaches over $10 billion in deposits

Terrific Thursday fellow FinTech Fanatic, Ever wondered what lies beyond the digital screens of a neobank? I came across an interesting read, which I think is worth sharing with you; an exclusive peek in Revolut’s backend architecture. Revolut is the largest neobank in the UK and Europe with more

Rapyd acquires part of PayU GPO for $610 million

Rapyd acquires part of PayU GPO for $610 million

Wonderful Wednesday FinTech Fanatic, Yesterday Rapyd, a leading global FinTech-as-a-Service provider, announced the acquisition of PayU Global Payment Organisation (GPO) of Netherlands-based Prosus, a global consumer internet group and one of the largest technology investors in the world. Rapyd will purchase PayU GPO for $610 million. The acquisition accelerates Rapyd&

🦄 75% of Indian FinTech Unicorns are loss-making

🦄 75% of Indian FinTech Unicorns are loss-making

Good morning! This weekend I came across these interesting stats from India that show that 75% of Indian FinTech Unicorns are loss-making. Currently, India has 22 FinTech unicorns with a combined valuation of $68 Bn+ – but 3 out of 4 of them are loss-making. As per Inc42 Media data, 655+

Zalando pioneers with ‘Save Now Buy Later’

Zalando pioneers with ‘Save Now Buy Later’

Happy Monday FinTech Fanatic, German retailer Zalando has partnered with savrr, a relatively unknown start-up until recently. Together, they offer German Zalando customers a new service: ‘Save Now Buy Later’ (SNBL), the counterpart of ‘buy now pay later’. What are the main differences between BNPL (Buy Now, Pay Later) and

Binance Withdraws German Crypto License Application

Binance Withdraws German Crypto License Application

Happy Friday fellow FinTech Fanatic, Welcome to another episode of the Binance saga, as CoinDesk reported Binance has withdrawn its application for a license from German financial regulatorBaFin. The move follows a retrenchment from markets including Austria, Belgium and the Netherlands, and as its U.S. arm is sued by

Shopify Dives into Credit Cards in Fintech Move

Shopify Dives into Credit Cards in Fintech Move

Terrific Thursday FinTech Fanatic, Step into the vibrant world of FinTech in Brazil, where the spotlight shines on the cutting-edge payment solution PIX and the powerhouse Nubank, revolutionizing the financial landscape. Last week PIX broke records by carrying out 134.8 million operations in one day, this week it’s

Credit Suisse handed biggest fine in PRA’s history

Credit Suisse handed biggest fine in PRA’s history

Happy Wednesday FinTech Fanatic, The Bank of England’s regulatory arm has handed out the biggest fine in its history to Credit Suisse for its ties to a collapsed fund whose founder has been accused of fraud and racketeering in the US. The Prudential Regulation Authority (PRA) said the bank