Despite the UK's chancellor lauding its “world-beating fintech sector”, London has been waning as a fintech hub, as startups call for reforms amid SVB UK's bust
Siddharth Venkataramakrishnan / Financial Times :
Klarna reports a ~$1B net loss in 2022, up 47% YoY, and Q4 revenue up 19% YoY to ~$534M, driven by US GMV rising 71% in 2022, as the BNPL industry struggles
Key performance metrics The information is presented for Klarna Holding AB (publ), if not otherwise stated. Aisha S Gani / Bloomberg : Klarna Narrows Losses as Growing Customer Base Keeps Repaying Fin...
Klarna confirms raising $800M at a $6.7B valuation, down from $46B in June 2021, including from new investors Mubadala and Canada Pension Plan Investment Board
Siddharth Venkataramakrishnan / Financial Times :
Thought Machine, a cloud-based infrastructure provider for 35+ banks globally, raises a $160M Series D at a $2.7B valuation, up from $1B+ in November 2021
Siddharth Venkataramakrishnan / Financial Times :
Profile of Tether CEO Jean-Louis van der Velde, who previously ran a company in China that faced lawsuits over unpaid bills and fines for late tax payments
Jean-Louis van der Velde's career offered few clues that he would become a key figure in fast-growing industry Tweets: @svr13 and @kadhim Tweets: Siddharth Venkataramakrishnan / @svr13 : Huge kudos to...