Investors in FinTech Revolut are reportedly pressing the company to consider a secondary share sale. As Bloomberg News reported Thursday (Feb. 28), this is happening as new investors are scrambling for stakes in the U.K.-based financial services firm. Sources tell Bloomberg that some shareholders have indicated an interest in selling...
Stripe’s investments in machine learning (ML) and artificial intelligence (AI) contributed to the financial infrastructure platform’s rapid growth in 2024, co-founders Patrick Collison and John Collison wrote in their annual letter to the Stripe community that was released Thursday (Feb. 27). “These bets continue to...
That which can be measured can be improved. The statement is often attributed to management consultant Peter Drucker. The right data, collected and analyzed at the right time, helps executives crystallize where they are, where they’ve been, and where they need to go when it...
Stripe is reportedly in talks about an employee stock sale at an $85 billion valuation. The deal could add $15 billion on to the payments company valuation, Bloomberg News reported late Monday (Feb. 10), citing sources familiar with the matter. That number, the report says, is still $10...
Bank of America’s Corporate Sentiment Score reportedly reached its highest level since the bank began recording it in 2004. Based on an analysis of the number of positive words and negative words used in earnings calls, the bank’s Predictive Analysis team found that 52% of companies...
Bank payments firm GoCardless says it lowered losses following a 20% reduction in staff. Now, the company — which also shifted some workers to Eastern Europe — is hoping these moves will stabilize its financial situation, Bloomberg News reported Monday (Feb. 3). According to the report, U.K.-based GoCardless posted...
Amazon and Apple are reportedly considering increasing their ad spending on social media platform X. Amazon is looking to spend “considerably more” after pulling much of its advertising from the platform more than a year ago, while Apple may return to the platform after pulling all of its ad...
Nubank’s parent company is reportedly considering moving its legal domicile to Britain before beginning a planned global expansion. Nu Holdings is currently domiciled in the Cayman Islands, Reuters reported Monday (Jan. 20). “We are actively thinking what are some of the jurisdictions that make sense for us...
Global investment firm KKR is reportedly looking to sell its minority stake in Maya, a Philippine FinTech company that offers an all-in-one money app and operates a digital bank that has 5.4 million customers in the Philippines. KKR owns more than 20% of the company, and the...