FinTech
Coinbase adds prediction markets and stock trading in push to be one-stop trading app
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase is making its biggest push yet to reposition itself as a mainstream trading and financial platform, moving beyond crypto and into the broader retail […]
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PayPal applies to form bank that can offer small business loans and savings accounts
PayPal CEO Alex Chriss speaks at the Global Fintech Fest in Mumbai, India, on Oct. 7, 2025. Indranil Aditya | Nurphoto | Getty Images PayPal said Monday that it has applied for approval to form PayPal Bank, which would be able to offer loans to small businesses. “Establishing PayPal Bank will strengthen our business and […]
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Esusu, platform for renters to build credit scores, valued at $1.2 billion in new funding round
Esusu, a fintech platform that helps renters build credit scores, has raised $50 million in a Series C funding round at a $1.2 billion valuation. Renters have remained largely excluded from the traditional credit system, with an estimated $1.4 trillion paid to landlords every year in the U.S., but only 20% of those landlords choosing […]
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Fifth Third signs deal making fintech firm Brex the provider of its commercial cards
Key Points Fifth Third struck a deal with Brex to make the fintech firm the provider of its commercial cards and expense management tools for business clients. The program will run on Brex’s embedded payments platform and backed by AI tools. Fifth Third is in the process of acquiring Comerica, a deal expected to […]
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SoFi’s stock drops on $1.5 billion share sale announcement
Key Points SoFi announced the public offering of $1.5 billion in stock. The share sale comes after the fintech company’s market cap almost doubled so far in 2025. Stock prices often fall when companies announce offerings because the share sale dilutes the value of existing holders’ stakes. Source
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OpenAI taps iPhone assembler Foxconn to manufacture data center components in U.S.
OpenAI is partnering with Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, to design and build artificial intelligence data center components in the U.S., the AI startup’s latest announcement tied to its massive infrastructure development plans. While no financial terms were disclosed, OpenAI said in Thursday’s announcement that it will have early access to evaluate […]
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Block says gross profit in 2028 will approach $16 billion as company unveils 3-year outlook
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021. Handout | Via Reuters Block said Wednesday that it expects gross profit to increase in the mid-teens […]
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Intuit to pay OpenAI over $100 million for model access, ChatGPT integrates with TurboTax
Michael Nagle | Bloomberg | Getty Images Tax software provider Intuit has agreed to pay OpenAI more than $100 million in a multiyear deal to use the artificial intelligence startup’s large language models to bolster its financial products. Intuit shares climbed 3% on Tuesday. By using OpenAI’s technology inside GenOS, its internal AI system, Intuit […]
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Intuit to pay OpenAI over $100 million a year for model access, ChatGPT integrates with TurboTax
Michael Nagle | Bloomberg | Getty Images Tax software provider Intuit has agreed to pay OpenAI more than $100 million a year to use the artificial intelligence startup’s large language models to bolster its financial products. Intuit shares climbed 2% premarket following the news. By using OpenAI’s technology inside GenOS, its internal AI system, Intuit […]
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Klarna tops third-quarter revenue estimates in first earnings report since IPO
Key Points Klarna topped Wall Street third-quarter revenue expectations in its first earnings report since its IPO on the NYSE in September. CEO Sebastian Siemiatkowski told CNBC that the company is benefitting from U.S. growth and growing adoption of Klarna Card and fair financing. Siemiatkowski said the company isn’t yet seeing “material differences” in payback […]
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