November 29, 2023
Web3 Infrastructure Provider Wormhole Valued at $2.5 Billion
Wormhole, an interoperability platform for blockchains, has secured $225 million in a funding round, valuing the company at $2.5 billion. This investment will enable Wormhole to continue delivering essential infrastructure...
November 28, 2023
Global Regulators Evaluate Crypto Safeguards Amid Concerns of Financial Instability
In response to the increasing complexity and potential risks associated with cryptocurrency firms, global regulators are set to assess whether additional safeguards are necessary to prevent blow-ups, such as the...
November 28, 2023
Data Helps FinTechs Forge Much-Needed Path to Profitability
For FinTechs, capturing data, analyzing it, and perhaps even monetizing it through partnerships will help determine who’s profitable, and ultimately, which FinTechs survive and thrive. And profits are sorely needed....
November 27, 2023
Circle and SBI Holdings Partner to Promote Stablecoins in Japan
SBI Holdings, a Japanese financial services company, partnered with Circle, a global FinTech, to promote the use of stablecoins in Japan. The collaboration comes after the Japanese government revised the...
November 22, 2023
Nordstrom’s Off-Price Destination Falls Short on Value
Nordstrom, once known for its opulent runway and exceptional service, is increasingly delving deeper into substantial discounts to navigate financial challenges. But is it working? During the third quarter, Nordstrom...
November 21, 2023
Report: Private Equity Groups Buying Back Firms After Weak IPOs
Amid a shaky IPO market, some public companies aren’t staying public that long. As the Financial Times (FT) reported Tuesday (Nov. 21), private equity firms have begun buying back companies that have...
November 20, 2023
Cash Is King Means ‘Pay Me Sooner’ for B2B Players
What do businesses want for the holidays? It’s simple: to get paid faster. B2B payments are the global economy’s transactional workhorse, accounting for tens of trillions of dollars. But traditionally,...
November 20, 2023
Liquidity Management Key to Taming FX Volatility in Emerging Markets
Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16 hubs before the payment reaches...
November 19, 2023
Card Issuer Petal Seeks Buyer Amid Struggle for Capital
Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. The company, which provides cards for consumers who are new to credit, is exploring a number of options...
