Robinhood has won its first IPO underwriting role, ranking last among 18 banks on Oura’s offering. The bigger shift is in retail distribution: SpaceX reserved about 20% of its deal for individuals and Fidelity cut its minimum order from $500,000 to $2,…
The Federal Trade Commission and 22 states sued Amazon in Seattle on 31 August, alleging it inflated auction prices for Sponsored Products, Sponsored Brands and Sponsored Display, and generated more than $20bn in additional advertising costs since 2019…
Singapore has committed S$220M, about $173M, to its fintech sector over the next three years. It made the announcement three days after KPMG reported that private investment in Singaporean fintech had fallen to its weakest first half in roughly a decad…
Fintech has spent almost two decades making financial information increasingly accessible, portable, and actionable. Open banking, digital wallets and connected financial platforms have created an environment in which consumers can move between product…
Revolut is launching a euro-backed stablecoin, according to Bloomberg, entering a market that European regulation has spent two years accidentally consolidating around a single American issuer.The neobank is also one of the 36 firms the ECB picked for …
Funding for UK fintech companies has dropped to its lowest level in at least ten years, according to Bloomberg, which reported the figures on Sunday. The decline lands on a sector that Britain has spent the better part of fifteen years describing as it…
Walmart is adding tap to pay at its checkouts from Monday, ending more than a decade of refusing the technology. The retailer will not say so in those terms. Its announcement does not use the word Apple once. The rollout starts at selected Walmart stor…
Munich Re has agreed to buy At-Bay, a cyber-insurance startup, for $575mn. The deal values the company at less than half what it was worth in 2021. The German insurance group announced the acquisition on Wednesday, in a statement. The price is a reset….
Navi, the Indian fintech founded by the Flipkart co-founder Sachin Bansal, has raised $100mn from the investor Prosus. It is the first outside institutional funding for the eight-year-old company, TechCrunch reported. Navi is preparing to go public. Th…
Stripe has agreed to buy OpenRouter, the startup whose software helps companies route their spending across hundreds of AI models. The payments firm confirmed the deal on Wednesday, making official an acquisition the press first reported earlier this m…