Inside PayPal Mafia Billionaire Max Levchin’s Slow-And-Steady Path To Fintech Profitability

Despite racking up more than $2 billion in losses while sticking to a do-it-yourself strategy, buy-now, pay-later pioneer Affirm is finally profitable—and worth $25 billion.

Monzo chairman Gary Hoffman to stand down after nearly eight years

The chairman of Monzo’s board, who was reportedly in a boardroom battle with some Monzo shareholders over the departure of its former CEO, is standing down from the role. Banking veteran Gary Hoffman …

Talks to sell PayPal to Stripe and Advent are heating up

PayPal is still reportedly negotiating a potential sale to Stripe and private equity firm Advent, as the fintech firm’s new CEO attempts to turn the company around.

New Monzo CEO "huge advocate" of Monzo’s business bank

The new CEO of Monzo is a “huge advocate” of Monzo’s business bank, according to its general manager, who hailed hitting one million business customers as “really big”.Last month, the UK digital bank,…

Klarna and Zilch launch new paid membership packages

Swedish fintech giant Klarna and UK payments fintech Zilch have today launched new membership packages, as they look to take on incumbent credit card firms and lock in customers with perks. Klarna has…

Revolut clinches French banking licence

Revolut today said it had secured a French banking licence, as it looks to beef up its regulatory standards across Western Europe, its fastest-growing region. Europe’s most valuable tech firm said it …

India moves to give its instant payments network a business model

The legislation lays the groundwork for a potential overhaul of India’s zero-merchant-discount-rate regime, under which businesses have not paid fees to accept UPI payments since 2020.

10x Banking banks £40M in debt and equity raise

The UK fintech founded by a former Barclays bank CEO, which provides banking technology for JP Morgan’s UK digital bank, has secured £40m in new funding. 10x Banking, founded by former Barclays CEO An…

How All Americans Can Own A Piece Of The AI Boom

Universal Basic Capital may be a way to give citizens ownership in AI growth. But how should that growth be managed?