Blog

Stripe is in talks to acquire crypto startup Bridge for $1 billion, marking its largest acquisition to date. The move strengthens Stripe's stablecoin payment capabilities as it pushes further into the digital assets space.

Klarna sells £30bn in "buy now, pay later" loans to U.S. hedge fund Elliott, freeing up capital for growth ahead of its anticipated U.S. IPO. The deal strengthens Klarna's position in the expanding U.S. market while it continues to service and underwrite the loans.

Revolut is rolling out its new payment terminal in the UK and Ireland, targeting larger businesses. The device integrates with Revolut Pay, offering lower fees and advanced tools for merchants, while positioning the fintech to compete with Square and SumUp.

Revolut has called out Meta for failing to adequately address fraud on its platforms, urging the tech giant to compensate scam victims.

The FCA has fined Starling Bank US$35M for serious failings in its financial crime systems, including breaches in anti-money laundering and sanctions screening. The bank opened over 54,000 accounts for high-risk customers and failed to properly screen against financial sanctions since 2017.

inDrive launches its first financial product in Colombia, offering gig economy workers flexible income-based loans through inDrive Money. This new initiative aims to promote financial inclusion and empower drivers to manage their finances more easily.