FinTech
White House crypto czar David Sacks says first priority is stablecoin legislation
AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images As David Sacks, the newly appointed White House AI and crypto czar, collaborates with […]
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Stripe closes $1.1 billion Bridge deal, prepares for aggressive stablecoin push
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy. Giuliano Berti | Bloomberg | Getty Images SAN FRANCISCO — What started as a casual roundtable at Stripe’s headquarters to discuss issues facing fintech companies turned into a billion-dollar acquisition that could become a defining moment for the industry. […]
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PayPal reports fourth-quarter earnings beat as growth picks up at Venmo
Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal PayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts’ expectations. The shares slid more than 6% in premarket trading. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.19, adjusted vs. […]
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HR unicorn Deel prepares for IPO as soon as 2026 after revenue jump
Key Points Human resources software startup Deel has hit an annual revenue run rate of $800 million, the company told CNBC. Deel also added two major new shareholders to its capitalization table, General Catalyst and Abu Dhabi sovereign wealth fund Mubadala, as part of a $300 million secondary share sale. “We are getting ready to […]
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Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026
Key Points British payments startup GoCardless reported a net loss of £35.1 million ($43.8 million) in the full year ending June 2024. GoCardless CEO Hiroki Takeuchi said its his aim for the company to post its first full-year profit in 12 to 18 months’ time. Source
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Crypto super PAC Fairshake has $116 million on hand to grow industry’s influence in 2026 election
Fairshake, the super PAC bankrolled by crypto’s biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle. The fundraising total, which includes $11 million in new contributions, cements Fairshake as one of the most influential political forces in the country. “With the midterms […]
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Tesla reports $600 million bitcoin profit jump after digital assets rule change
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024. Joe Skipper | Reuters Tesla‘s bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for digital assets. After showing a carrying value of […]
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Trump Media surges after expansion into financial services including crypto and ETFs
This illustration shows an image of President-elect Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, D.C., on Feb. 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media and Technology Group is expanding into financial services, including investment vehicles, the firm announced Wednesday. Shares of the […]
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Elon Musk’s X begins its push into financial services with Visa deal
Key Points Elon Musk’s X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account. Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or […]
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“Can your private bank do this?”: Fintech firms target Singapore’s wealthy with feature-rich apps
Businesswoman managing finance and investment online, reading financial trading data and making financial plan with smartphone. Online banking. Banking, investment and financial trading concept D3sign | Moment | Getty Images The private banking industry, long defined by exclusivity, discretion and personalized service by relationship managers, is in the crosshairs of fintech firms that want a […]
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