May 10, 2024
Earnings Deluge Helps Send FinTech IPO Index 4% Higher
Earnings were everywhere this past week, driving the FinTech IPO Index 4% higher through a volatile week of trading. Buy Now, Pay Later Momentum Sezzle shares soared 52%. The company’s...
May 09, 2024
Mapping Antitrust onto Digital Ecosystems
The assessment of “ecosystem power” has come to occupy centerstage in antitrust cases involving large digital firms, as regulators are finding traditional market-by-market analysis increasingly inadequate to capture how competition...
May 08, 2024
Airbnb Looks for Acceleration in Summer Travel but Guidance Disappoints...
Airbnb’s first quarter results showed growth in listings and in nights booked. And per management commentary on the conference call, demand for international travel remains robust — enough so that the firm...
May 08, 2024
Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion, company officials told CNBC Wednesday...
May 07, 2024
Bolt Technology Hiring Managers for eScooter Rentals Launch in US
Estonian company Bolt Technology OU is reportedly looking to hire managers to launch eScooter rentals in several cities in the United States. The firm posted job listings on LinkedIn last week seeking general...
May 07, 2024
Upstart, Like Its Customers, Remains Focused on Return to Growth
If you are in the business of providing loans, there will always be a demand for your product. As for the customers that need to be served, the total addressable...
May 07, 2024
Cloud Security Firm Wiz Valued at $12 Billion After Funding...
Cloud security startup Wiz has reportedly been valued at $12 billion after raising $1 billion. Co-founder and CEO Assaf Rappaport discussed the funding in a Tuesday (May 7) interview with the Wall Street Journal...
May 07, 2024
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection Bureau (CFPB). The CFPB found that...
May 05, 2024
Mytheresa Aims to Be ‘Winner’ of Luxury eCommerce Downturn
If the luxury eCommerce space is tumbling down, Mytheresa plans to come out on top. “I think there is an understanding in the market that the industry is consolidating, and that there are...