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Swedish fintech Klarna set for hotly anticipated NYSE debut after $1.37 billion IPOKlarna, the Swedish fintech giant, commenced trading on the NYSE after a $1.37 billion IPO, signaling a resurgence in the U.S. IPO market. ...
Chime IPO raises $864 million in long-awaited Nasdaq debut, cuts valuation nearly in half—here’s what it means for fintech’s big revivalChime IPO has officially hit the stock market, raising $864 million by pricing shares at $27, slightly above expectations. Now trading unde...
Klarna trials debit card in US, plans Europe launch later this yearKlarna in April paused its plans for a US initial public offering for the second time in the last few years as president Donald Trump's swe...
Payments body seeks MDR return; Turkey opposition X-ed outThe Payments Council of India has sought the return of a merchant discount rate (MDR) for large merchants. This and more in today’s ETtech ...
US holiday spending on buy now, pay later to hit record due to debt-laden shoppersU.S. shoppers are projected to spend a record $18.5 billion using buy now, pay later services for holiday purchases in the last quarter of ...
Rapido's GST hurdle; Byju’s-BCCI settlementRide-hailing app Rapido has been held liable to pay goods and services tax (GST) for its cab service. This and more in today’s ETtech Top 5.
Why India is no fan of buy now, pay later planThe RBI doesn’t have a problem with 90-second credit. The regulator was even willing to let nonbank finance companies, or NBFCs, retain the...
Revolut makes first acquisition in India through money transfer firm Arvog ForexThe acquisition will strengthen Revolut’s foundation in India and accelerate its plans to offer remittance and forex services to Indian cus...
UK fintech giant Revolut invests Rs 340 crore in India opsThe investments are for Revolut’s first cross-border remittance product in India, which it plans to launch in the second half of 2022. The ...
Buy now, pay later loans may soon play bigger role in credit scoresThe credit-rating companies argue that reporting of on-time payments can help shoppers build a credit history. But consumer experts note th...
Jupiter in talks for $100-million funding, valuation may doubleThis comes just three months after Jupiter, founded by Jitendra Gupta — who had founded Citrus Pay and later sold it to Prosus fintech arm ...
QED, Sequoia and Tiger circle Jupiter; Carlyle, others to dilute stakes in Delhivery IPOIndia's neobanks, like all other tech startups, have been on a roll in 2021.
Consumers and companies are buying in on paying laterThe option to buy now and pay later has soared in popularity, accelerating last year as consumers bought almost everything online at the st...
Buffett-backed Nubank to seek IPO valuation of over $55 bn: SourcesIn a recent funding round led by Warren Buffett's Berkshire Hathaway Inc, Nubank was valued at $30 billion. With 40 million clients in Lati...
A raft of companies want you to ditch old payment habitsA new crop of payment offerings are aiming to eliminate failure in online transactions. Their solution? Let the customer pay later.
Cash rules everything around Germany in world that's using cardsIndia and China are both driving hard toward a cashless future, for different reasons. But, none of these novel methods is widely accepted ...
Here's why the company that takes payments for Facebook, AirBnB and Spotify is worth $1.5 billionIn December, Adyen, which counts Facebook, AirBnB, and Spotify as clients, raised $250 million at a $1.5 billion evaluation