Sources: OnePay, a fintech app backed by Walmart and valued at $4B+, now has 6M MAUs and $50B in annualized payments, both double its figures from 2025
Backed by the retailer and Ribbit Capital, OnePay is reaching beyond its initial customer base to take on banks.LinkedIn:Paige SmithLinkedIn:Paige Smith:Since launching in 2021, OnePay, the fintech ba...
Bilt Rewards, which offers rewards points for rent payments, raised $250M led by General Catalyst and GID at a $10.75B valuation, up from $3.1B in January 2024
Paige Smith / Bloomberg :
PayPal reports Q1 net revenue up 1% YoY to $7.8B, transaction margin dollars up 7% to $3.7B, above est., TPV up 3% to $417.2B, and active accounts up 2% to 436M
Paige Smith / Bloomberg :
Robinhood partners with Kalshi to launch a prediction markets hub in the US for retail traders, starting with bets on the federal funds rate and March Madness
Paige Smith / Bloomberg :
PayPal reports Q4 revenue up 4% YoY to $8.4B, adjusted net income down 1.9% YoY to $1.21B, above est., payment volume up 7% to $437.8B, and plans a $15B buyback
Paige Smith / Bloomberg :
Block plans to invest 10% of its gross profit from bitcoin products each month into bitcoin purchases; its $220M BTC investment grew by ~160% to $573M as of Q1
Paige Smith / Bloomberg :
PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, and transaction margin dollars up 4% YoY to $3.5B; PYPL rises 5%+
Paige Smith / Bloomberg :
Robinhood says up to 25% of its trading volume is outside of traditional market hours, and investors have traded $10B+ overnight since the launch in May 2023
Paige Smith / Bloomberg :
Block reports Q4 revenue up 24% YoY to $5.77B, Square profit up 18% YoY, Cash App profit up 25% YoY, and forecasts Q1 adjusted EBITDA above est.; SQ jumps 12%+
Earnings Date — Forward Dividend & Yield — Ex-Dividend Date 1y Target Est Liz Kiesche / Seeking Alpha : Block stock surges after strong 2024 EBITDA guidance as Q4 2023 earnings miss Reinhardt Krau...
Robinhood reports Q3 revenue up 29% YoY to $467M, vs. $478.9M est., trading revenue down 11% YoY to $185M, including crypto trading down 55% YoY; HOOD drops 8%+
Paige Smith / Bloomberg :