FinTech News
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Klarna Reverses Course on AI Customer Support, Resumes Human HiringKlarna is resuming customer service hiring after CEO admits AI-only support led to lower quality; aims to restore human presence.
Monday, May 12th 2025 08:35AM -
The Deal Before the Deal - FTW Sunday EditorialThe U.S.–U.K. Economic Prosperity Deal isn’t a fintech agreement — but it might be the next best thing. Here’s what to watch.
Sunday, May 11th 2025 07:10AM -
Nvidia-Backed AI21 Labs Raising $300M to Scale Proprietary LLMsIsraeli AI startup AI21 is raising a $300M round to build its own large language models, with support from Nvidia and Google.
Saturday, May 10th 2025 06:31PM -
Former Celsius CEO Sentenced to 12 Years for FraudAlexander Mashinsky, former CEO of Celsius, sentenced to 12 years in prison for fraud tied to platform’s collapse and misuse of customer funds.
Saturday, May 10th 2025 04:34PM -
Ripple Ends SEC Dispute, Recovers $75M and Clears Path for ExpansionRipple closes its SEC legal battle, recovers $75M, and sets stage for U.S. and global growth following strategic wins and shifting regulation.
Friday, May 9th 2025 04:23PM -
U.S. and U.K. Formalize Economic Prosperity Deal to Strengthen Trade, Digital CooperationThe U.S. and U.K. launch the Economic Prosperity Deal to reduce tariffs, streamline trade, and lay groundwork for digital and financial services cooperation.
Friday, May 9th 2025 11:33AM -
AltNovel and 3iQ Launch Middle East’s First Multi-Strategy Digital Assets FundAltNovel and 3iQ launch the AltNovel Digital Access Portfolio (ADAP), the Middle East’s first multi-strategy digital assets fund, regulated in Abu Dhabi.
Thursday, May 8th 2025 07:03PM -
Hidden Road Secures In-Principle Regulatory Approval in Abu DhabiHidden Road receives in-principle approval from ADGM to expand prime brokerage and clearing services in the UAE across digital and traditional assets.
Thursday, May 8th 2025 05:29PM -
JPMorgan Shuts Down Capital Connect Platform for Startups and VCsJPMorgan has closed Capital Connect, its digital platform launched in 2022 to link startup founders with VC investors, and will repurpose the tech for a new venture.
Wednesday, May 7th 2025 01:05PM -
GreenBanana Launches bnplx.io to Reshape Buy Now, Pay Later for Global RetailFrankfurt fintech GreenBanana launches bnplx.io, a BNPL platform for global merchants and providers, after securing €2M pre-seed funding.
Wednesday, May 7th 2025 10:21AM -
Flexbase Acquires Maza Financial for $40M, Expands Consumer ArmFlexbase Technologies acquires fintech startup Maza Financial for $40 million, rebranding it as Flex Consumer to expand its solopreneur offerings.
Tuesday, May 6th 2025 04:03PM -
OpenAI Reportedly Agrees to Acquire AI Coding Startup Windsurf for $3 BillionOpenAI has reportedly agreed to acquire AI-powered coding tool Windsurf, formerly Codeium, in a $3 billion deal to strengthen its developer tools.
Tuesday, May 6th 2025 01:49PM -
XData Group Paves the Way to Go Public on Nasdaq via $180M SPAC MergerEstonia-based fintech software firm XData Group will go public on Nasdaq via a $180 million SPAC merger with Alpha Star Acquisition Corporation.
Tuesday, May 6th 2025 11:38AM -
Maldives Eyes Crypto Future with $9B Blockchain Investment PlanThe Maldives could become a regional crypto and fintech hub, backed by a $9 billion investment plan from Dubai-based MBS Global Investments.
Monday, May 5th 2025 04:58PM -
Greek Fintech Qualco Prepares €98 Million IPO in AthensGreek fintech group Qualco is planning a €98 million IPO in Athens, one of the first major listings in Europe since recent global trade disruptions.
Monday, May 5th 2025 04:34PM -
Digital Euro Advances — But Power Outages and Public Concerns Underscore Growing PainsAs the ECB moves forward with digital euro testing, real-world events and public skepticism raise questions about infrastructure, trust, and resilience.
Monday, May 5th 2025 03:54PM -
When Saying “That’s Not True” Isn’t Enough - FTW Sunday EditorialWhen companies are forced to publicly deny viral claims, the damage often goes beyond reputation. Here’s why a simple “that’s false” isn’t enough.
Sunday, May 4th 2025 11:00AM -
Dub Raises $30M to Expand Copy Trading App for Retail InvestorsCopy trading fintech Dub secures $30M to scale its app that lets retail users mirror the portfolios of high-profile investors and share their own.
Saturday, May 3rd 2025 10:03AM -
Bench Cuts Staff After Acquisition, While Workforce Remains on Rolling ContractsFintech startup Bench has conducted significant layoffs months after being acquired, while much of its workforce remains on month-to-month contracts.
Friday, May 2nd 2025 05:37PM -
SoFi Plans Return to Crypto Investing Amid Regulatory ShiftSoFi CEO Anthony Noto says the fintech bank will reintroduce crypto investing in 2025, citing a major regulatory shift under the Trump administration.
Friday, May 2nd 2025 05:15PM -
Tesla Board Denies Report of CEO Search Amid Leadership ConcernsTesla chair Robyn Denholm denies reports the board is seeking to replace CEO Elon Musk, asserting full confidence in his leadership.
Thursday, May 1st 2025 05:00PM -
World Launches Iris-Scanning Crypto Project in the U.S.Sam Altman-backed World begins iris-scanning crypto rollout in the U.S., entering a loosened regulatory environment under the Trump administration.
Thursday, May 1st 2025 03:21PM -
Amazon Denies Plan to List Tariff Costs After White House CriticismAmazon denies reports it planned to show Trump’s new tariffs in product prices after White House criticism and direct contact from the president.
Wednesday, April 30th 2025 04:07PM -
Kani Payments Partners with Swiipr to Support Airline Compensation ExpansionUK fintech Kani Payments partners with travel paytech firm Swiipr to streamline airline compensation reporting and support global platform expansion.
Tuesday, April 29th 2025 07:18PM -
Merck KGaA to Acquire SpringWorks Therapeutics in $3.9 Billion DealGermany’s Merck KGaA announces a $3.9 billion acquisition of U.S. biotech firm SpringWorks Therapeutics to expand its rare tumour treatment portfolio.
Monday, April 28th 2025 07:31PM