Revolut customers across Europe were unable to open the fintech’s app or pay with their cards on Tuesday morning, after a service disruption hit several of its features. Outage tracker Downdetector logged more than 1,500 reports at that point, and user…
A cybersecurity researcher watched a Chinese-speaking hacker break into the websites of more than 100 companies, leaving almost all the work to AI agents. Snorre Fagerland, principal threat researcher at NorForge, set out the findings on Monday in a re…
“Our company has more layers, more handoffs and more overhead than we need, so we are addressing this issue.” Kroger chief executive Greg Foran wrote this in a memo to staff on Monday, 12 October. The US supermarket chain will cut about 3,000 corporate…
“Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn. His post confirms the round that Bloomberg reported on 10 October. Ramp’s co-founders, Eric Glyman and Karim Atiyeh, marked the new valuation wit…
Charles Schwab is blocking unauthorised AI agents, including Meta’s Muse, that try to move client money, CEO Rick Wurster told Bloomberg Television. Schwab will instead let outside AI tools view balances through controlled MCP servers, and wants client…
“To buy stuff, you can just take a picture of your credit card, drop it in the chat and Grok @Bot will scour the Internet for the best deal on the item you want and order it.” Elon Musk posted that advice on X on Saturday. On Thursday he added a promis…
Visa has won approval to start preparing a domestic bank card clearing business in China, the company said on Tuesday. The People’s Bank of China approved its “Application to Prepare”, which lets Visa begin formal preparations. It does not yet let Visa…
Pay, a Nigerian payments and lending app, has filed to list on the New York Stock Exchange, Yinka Adegoke reported for Semafor. Earlier reports put its likely valuation at about $4bn. The company filed on 9 October, bne IntelliNews reported. It will tr…
Fintech start-up Ramp has raised about $1.85bn at a valuation of roughly $60bn, Rebecca Torrence reported for Bloomberg, citing people familiar with the matter. Dragoneer Investment Group and Thrive Capital led the round, and Founders Fund also wrote a…
Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session title…