Pay

Jack Dorsey’s Block Expands into Banking Despite Tumbling Stock Price

4 days ago

In a bold move, Block Inc., the payment processing company co-founded by Twitter co-creator Jack Dorsey, is venturing into the banking sector amidst a backdrop of declining stock prices. The announcement reflects the company's growing ambition to diversify its financial services beyond digital payments.

Inside the Fierce Rivalry of Klarna and Affirm: A New Era in Fintech IPOs

9 days ago

The financial technology landscape is witnessing a transformative rivalry between Klarna and Affirm, two of the leading players in the buy now, pay later (BNPL) sector. As both companies nominate their IPOs, their diverging strategies and market approaches have captured the attention of investors and consumers alike. This intense competition is not only shaping the futures of these fintech giants but reshaping the agendas of the entire BNPL industry.

Affirm's Stock Experiences Volatility Amidst Competitive Landscape and Economic Optimism

16 days ago

Affirm Holdings Inc., a leading player in the buy now, pay later (BNPL) market, has found itself navigating a decidedly turbulent stock journey recently. While investors may be optimistic about the macroeconomic landscape, looming fears surrounding increased competition have introduced a layer of uncertainty that has influenced the company's stock performance.

Klarna Takes the Lead Over Affirm: Buy Now, Pay Later Launches at Walmart

22 days ago

Klarna, the thrumming giant in the buy-now-pay-later (BNPL) sector, has advanced its position by officially partnering with Walmart, taking a bold step to dethrone Affirm as the leading player in the marketplace. This collaboration marks a significant shift in consumer payment options at one of the largest retail chains in the United States, enabling shoppers to spread their purchases over time with more flexibility than ever before.

AvidXchange Explores Potential Sale Amid Takeover Interest

24 days ago

In a significant development in the financial technology sector, AvidXchange, a company specializing in payment automation solutions, is reportedly considering a sale following expressions of interest from potential buyers. This news raises questions about the company's future direction and the competitive landscape within the financial services industry.

Tiger Global-Backed Razorpay Aims for Group Profitability with Singapore Expansion

27 days ago

Razorpay, the prominent digital payments processor in India, is setting its sights on profitability while expanding its footprint into Singapore. Backed by the investment powerhouse Tiger Global Management, Razorpay has been making waves in the fintech sector since its inception in 2014.

Stripe Achieves New Milestone with Tender Offer Valuation of $91.5 Billion

1 month ago

In a monumental development for the fintech sector, Stripe, the prominent online payment processing company, has successfully boosted its valuation to an impressive $91.5 billion. This surge in valuation comes as a result of a recent tender offer that enables both current and former employees as well as certain early investors to cash out their shares. This move not only highlights the company’s phenomenal growth trajectory but also opens up a new chapter in Stripe's evolving financial landscape.

PayPal Signals Positive Earnings Growth Amid Business Streamlining Efforts

1 month ago

In a move aimed at repositioning its business model, PayPal has recently expressed optimism about its earnings growth trajectory for the upcoming quarters. This announcement comes as the company undertakes a series of strategic initiatives designed to streamline its operations and enhance efficiency throughout its various business segments.

DoorDash Ordered to Compensate New York Couriers with $16.8 Million in Back Pay

1 month ago

In a major ruling, DoorDash has been mandated to pay a staggering $16.8 million in back pay to its delivery couriers in New York. This decision comes after a lengthy investigation by the New York City Department of Consumer and Worker Protection, which found that DoorDash had failed to compensate its couriers adequately for service fees and tips owed to them.

Block Inc. Shares Drop Following Disappointing Fourth Quarter Earnings

1 month ago

Block Inc., the financial technology company co-founded by Jack Dorsey, has seen a significant decline in its stock price after releasing its fourth-quarter financial results, which failed to meet analysts' expectations. The report comes amid an increasingly competitive environment in the digital payments sector and raises concerns about the company's growth trajectory moving forward.