FinTech
Fintech Ramp’s valuation hits $16 billion in deal led by Peter Thiel’s Founders Fund
Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel’s venture firm. The $200 million round is the fifth that Founders’ has led for Ramp and raised its valuation by $3 billion. It last raised money at […]
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Justin Sun’s Tron to go public through reverse merger in deal led by Trump-linked bank
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020. Calvin Sit | Bloomberg | Getty Images Justin Sun’s crypto company Tron is set to hit the public market through a reverse merger with a manufacturer of custom toys and souvenirs for the world’s biggest theme parks. SRM […]
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Chime opens at $43 in Nasdaq debut after pricing IPO above expected range
CEO of Chime, Chris Britt, center right, rings the opening bell during the company’s initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City. Andres Kudacki | Getty Images Chime opened at $43 in its Nasdaq debut on Thursday after selling shares at $27 each in an IPO that valued […]
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Chime prices IPO at $27 per share, valuing fintech company at $11.6 billion ahead of Nasdaq debut
Chime Visa Credit Card Source: Chime Chime priced its IPO at $27 per share on Wednesday, above the expected range, in an offering that values the provider of online banking services at $11.6 billion The company raised roughly $700 million in the IPO, with another $165 million worth of shares being sold by existing investors. […]
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Shaquille O’Neal to pay $1.8 million to settle FTX investor lawsuit
Shaquille O’Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025. Jesse D. Garrabrant | National Basketball Association | Getty Images Shaquille O’Neal has agreed […]
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Chime’s IPO will test public market appetite for fintech as companies line up to exit
Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images There’s a mini-boom happening in fintech. After a multi-year IPO slowdown triggered by rising rates and valuation resets, some of the emerging players in online stock trading, banking, lending and crypto-related services are hitting the public market, or at least preparing for a debut. The […]
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Crypto CEO accused of laundering $500 million linked to sanctioned Russian banks
Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020. Andrew Kelly | Reuters Federal prosecutors in Brooklyn have charged the founder of a U.S.-based cryptocurrency payments firm with operating what they allege was a sophisticated international money laundering scheme that moved over half a billion dollars on […]
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UK finance watchdog teams up with Nvidia to let banks experiment with AI
Key Points The U.K.’s Financial Conduct Authority announced the Supercharged Sandbox, a partnership with Nvidia that aims to help banks safely experiment with AI. The initiative is designed for financial services firms in the “discovery and experiment phase” with AI, the FCA said. Banks have faced challenges shipping advanced new AI tools to their customers […]
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Sam Altman brings his eye-scanning identity verification startup to the UK
Sam Altman’s identity verification venture World is launching its eye-scanning Orb product in the U.K. World LONDON — World, the biometric identity verification project co-founded by OpenAI CEO Sam Altman, is set to launch in the U.K. this week. The venture, which uses a spherical eye-scanning device called the Orb to scan people’s eyes, will […]
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‘Bitcoin Family’ hides crypto codes etched onto metal cards on four continents after recent kidnappings
The Taihuttus on a ski trip to Sierra Nevada in southern Spain. They sold everything they owned in 2017 to bet on bitcoin — and now travel full-time as a family of five. Didi Taihuttu A wave of high-profile kidnappings targeting cryptocurrency executives has rattled the industry — and prompted a quiet security revolution among […]
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