Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock
That's what you call going out with a whimper.Hugh Son /CNBC:Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal
Automated financial advisory startup Wealthfront files publicly with the US SEC for an IPO and reports net income of $60.7M on revenue of $175.6M in H1 2025
EALTHFRONT CORPORATION Company Overview We're a different kind of FinTech. Andrew Welsch / Barron's Online : Robo-Advisor Wealthfront Files for IPO. What to Know. Minh Le / Tech in Asia : US robo-advi...
Goldman Sachs and BNY partner to let institutional investors purchase tokenized money market funds, with ownership recorded on Goldman's blockchain platform
Hugh Son / CNBC :
SoFi plans to bring back crypto investing in 2025 after dropping it in 2023 to get a bank charter, forcing users to move to Blockchain.com or liquidate holdings
Hugh Son / CNBC :
Walmart's OnePay says Klarna will replace Affirm to offer buy-now-pay-later to US shoppers later in 2025, and OnePay can buy a Klarna stake; AFRM drops 10%+
Hugh Son / CNBC :
Customers of banking startups like Yotta describe losing savings ranging from $7,000 to $200,000+ due to Synapse's collapse, after US regulators refused to help
Customers believed the accounts were backed by the full faith and credit of the U.S. government. … Augie Ray / @augieray@mastodon.social : For fifteen years, I've heard how traditional financial servi...
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks
the Biden/Warren crew just enacted this to stop @X from becoming a payments juggernaut. Wow, a whole new 259-page rule aimed at X...yet more lawfare against you.👊 (Congress can & probably will CRA thi...
Klarna launches Klarna Plus, a $7.99 per month plan in the US, offering waived service fees when using its One Time Card, double rewards points, and more
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Amazon plans to roll out a BNPL checkout option for Amazon Business users by November 24 via its Affirm partnership, with loans ranging from $100 to $20,000
Hugh Son / CNBC :
Savings and investing app Acorns raises a $300M Series F at a nearly $2B valuation led by TPG, six weeks after shelving its SPAC plans
In today's dish, a fintech startup taps into the private markets … Hugh Son / CNBC : Investing app Acorns taps ‘choppy’ private markets at $1.9 billion valuation after scrapping SPAC Tweets: Mary Ann ...