profitability

Report: Reddit Achieved Profitability in Q4, Could Soon Unveil IPO
Report: Reddit Achieved Profitability in Q4, Could Soon Unveil IPO
February 05, 2024  |  IPO

Reddit is reportedly preparing for a potential initial public offering (IPO) in the United States. The social media company and its advisers are expected to unveil...

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Klarna Reports Quarterly Profit as Shoppers Embrace BNPL
Klarna Reports Quarterly Profit as Shoppers Embrace BNPL
November 06, 2023  |  Buy Now Pay Later

Rising buy now, pay later (BNPL) use among Americans helped give Klarna a profitable quarter. The Swedish payments company announced earnings Monday (Nov. 3) showing...

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Why FinTechs Are Telling Customers They No Longer Want Their Business
Why FinTechs Are Telling Customers They No Longer Want Their Business
October 05, 2023  |  Buy Now Pay Later

FinTechs spent years pursuing growth at all costs — where profits were an afterthought. Revenues, eyeballs, clicks and accounts — in short, the more business...

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Super App Companies Scale Back Plans Amid Funding Drought
Super App Companies Scale Back Plans Amid Funding Drought
July 18, 2023  |  Investments

While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18),...

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MENA’s AgriTech Revolution Captures VC Attention and Dollars
MENA’s AgriTech Revolution Captures VC Attention and Dollars
May 04, 2023  |  Startups

Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion...

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Mangopay CFO: There’s No Replacement for a Healthy Balance Sheet   
Mangopay CFO: There’s No Replacement for a Healthy Balance Sheet  
April 21, 2023  |  CFO

There’s nothing simple about growth, and there’s nothing basic about financial fundamentals. In light of ongoing macro challenges and a softening economic landscape, savvy chief...

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Report: Allianz Selling Share of N26 at Sharp Discount
Report: Allianz Selling Share of N26 at Sharp Discount
April 19, 2023  |  Investments

Insurance group Allianz is reportedly selling its stake in neobank N26 at a steep discount. According to a report late Tuesday (April 18) by the...

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FinTechs Forced to Decide If They’re a Business or a Feature as Investors Push for Profits
FinTechs Forced to Decide If They’re a Business or a Feature as Investors Push for...
March 14, 2023  |  Fintech Investments

According to one recent analysis, 91 publicly listed FinTech companies burned through $12 billion in venture capital in 2022, and just 17 posted a net...

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FinTechs’ Shift Toward Profitability Gets Mixed Views From VCs
FinTechs’ Shift Toward Profitability Gets Mixed Views From VCs
March 06, 2023  |  Fintech Investments

In a race to break even, British FinTech giant Revolut is the latest startup to claim profitability, a milestone that few neobanks have attained despite...

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