Stripe launches Open Issuance, a Bridge-powered platform that lets companies create its own stablecoins, used by crypto wallet Phantom to issue its CASH token
a new stablecoin created with stripe + bridge w/ baked in developer rewards, stripe merchant support, and new phantom $ features, launching on solana. [video] Ryan Rasmussen / @ras...
Klarna claims its ChatGPT-powered AI chatbot handles two-thirds of all customer service chats and “is doing the equivalent work” of 700 full-time human agents
Klarna is bullish on bots. — One month after taking its OpenAI-powered virtual assistant global, the Swedish buy-now …
Mid-to-late stage tech startups will likely face a reckoning in late 2023 to 2024, as companies run out of cash from “free rounds” fueled by low interest rates
The coming reset in mid-to-late stage startups in 2023-2024 is at this point likely largely decoupled from interest rates and inflation.
Sources: Apple is planning to expand its financial services by adding payment processing, lending risk assessment, credit checks, fraud analysis, and more
Good morning! Apple is reportedly building financial tools … Mahmoud Itani / XDA Developers : Apple is working on its own payment processing technology and a “Pay Later” feature S...
Retool, a low-code tool for creating enterprise apps, raises a $20M Series C from Stripe's founders and others at a $1.85B pre-money valuation
whether it's internet infrastructure tools or fundraising announcements like this one. Lets you focus on what matters for customers and employees, usually with a much longer time h...
Varo Money says it has received FDIC approval for federal deposit insurance, bringing it closer to a national bank charter, a first for a fintech startup
Felix Salmon / Axios :
Visa is buying Plaid, which helps popular fintech apps connect to users' bank accounts, for $5.3B
- Visa is buying Plaid in a deal worth $5.3 billion — roughly double the start-up's last private valuation. — Plaid's API software lets start-ups connect to users' bank accounts a...
Sources: Square is testing a new Cash App feature that would let users make free stock trades
Julie Verhage / Bloomberg :