58% of Americans are stockholders, with the wealthiest 1% holding more than half of all equities, according to recent research. Around $80 billion has been placed on PayPal (NASDAQ: PYPL), making it a major player in the financial technology sector. The Fintech stock is down over 40% of its
Growth in the financial technology sector has been phenomenal in recent years, thanks to the pioneering work of many organizations in areas including lending, investment, and payment processing. When people started relying more on digital payments and online shopping during the pandemic, PayPal Holdings (NASDAQ: PYPL) saw a spike in sales and became one of […]
Affirm and Robinhood, formerly heralded as game-changers in the financial technology sector, have been experiencing difficulties as of late. The end of the Fintech stock bubble slowed Robinhood’s expansion, while the proliferation of competing purchase now, pay later firms made life difficult for Affirm. Investors may wonder whether they ought to buy any of these
As part of its efforts to improve its credit card offerings, Goldman Sachs is exploring buying payments technology companies Deserve and Cardless and CoreCard. The former is a credit card platform, and the latter is a payments company. According to sources, Goldman’s executives held talks with Deserve in 2021 and extended the same offer last […]
Paytech company InComm Payments has acquired The Card Network, one of Australia’s largest gift card providers, for an undisclosed amount. According to sources from Incomm Payments, the acquisition will enhance the company’s ability to create personable gift cards for consumers and support business growth for its retail and brand partners. Established in 2019, TCN
Finom Gets a Boost, Acquires Kapaga Finom, a fintech company that provides online financial solutions for small businesses (SMEs), has purchased Kapaga- a paytech firm, for an estimated £10 million. The acquisition will enable Finom to consolidate different paytech facilities for freelancers/ entrepreneurs, mid-sized businesses, and corporate clients throughout Europe and
Ampla Steps into BNPL With Upside Acquisition To make a mark in the Buy Now Pay Later market for B2B transactions, Ampla Tech has acquired Upside Financing. The fresh concept will be based on Upside’s current product. It also stretches repayment schedules for businesses looking to align their repayments with their cash operating cycles and […]
The Chief Executive Officer of fintech company InvestReady is requesting permission from the court to submit legal papers to support U.S. SEC in its case against Ripple Labs . Adrian Alvarez claims in Linkedin post that the recent incident involving the cryptocurrency exchange FTX gave him the idea to file a legal brief. He claims […]
NASDAQ Goes Strict With Kismet Acquisition- Delisting On The Cards Kismet Acquisition Three Corp. has announced that it got a Staff Delisting Determination from The Nasdaq on 10.11. 2022. NASDAQ informed Kismet Acquisition Three Corp that its shares will be taken off the market from Nasdaq. As reported previously, in August , 2022, the Nasdaq […]
An Analysis of the Impact of Upstart & Affirm Upstart and Affirm both made headlines because of the immediate effect they had on the modus operandi of conventional finance. Upstart drew focus because it posed a challenge to credit reporting services by analyzing a wide variety of non-traditional variables, such as an individual’s learning, GPA, […]