Paysafe’s digital wallets gained users in the third quarter, but payment volume barely grew as weakness in cryptocurrency and financial trading weighed on the business, according to earnings results released Thursday (Nov. 12). Companywide payment volume grew at a high-single-digit rate in July before growth...
FICO is withholding financial guidance for fiscal year 2027 as the credit score provider transitions to a new mortgage pricing structure and contends with sluggish housing demand and increased competition, The Wall Street Journal (WSJ) reported Nov. 4. FICO is moving away from a single...
OpenAI is reportedly saddled with heavy operating losses amid a surge in revenue. The company’s revenue increased by around 50% to $10 billion between the second quarter and the third, according to published reports on an investor presentation the artificial intelligence (AI) startup gave Tuesday...
Financial infrastructure company OpenPayd achieved an annual recurring revenue of $107 million in October, according to a Tuesday (Nov. 10) press release. This followed 44% year-on-year revenue growth to $25.4 million in the second quarter of fiscal year 2027, reflecting ongoing demand across OpenPayd’s fiat...
DraftKings is betting hundreds of millions of dollars on customers it may not be allowed to serve with the same products two years from now. Wall Street is not buying the math just yet, and shares of the online gaming company plunged nearly 30% following...
Affirm CEO Max Levchin expects more purchases to be financed with interest-free installment loans as consumers delegate shopping to artificial intelligence agents. He said agents comparing payment options could steer shoppers toward loans that spread out the purchase price without adding interest. Those plans accounted...
Artificial intelligence agents are saving BILL’s teams more than 1,400 hours per month, which is equivalent to about eight full-time employees, BILL CEO and Founder René Lacerte said Thursday (Nov. 5) during the company’s first quarter fiscal year 2027 earnings call. “Over the past year,...
Oscar Health sees the rise of gig work and independent contractors shaping the future of health insurance coverage. Reporting its third-quarter results Thursday (Nov. 5), the health plan carrier highlighted how macroeconomic workforce shifts — driven by those workers as well as early retirees —...
Priority Commerce saw its revenue increase in its last quarter as a public company. The payments and banking solutions provider released earnings Thursday (Nov. 5) showing revenues of $268.6 million, an 11.3% increase. That followed a 9.2% uptick in the second quarter to $262 million....