USA

Neobank Chime Bags US$750 Million, Fintech Expert Questions US$25 Billion Valuation

San Francisco-based challenger bank Chime Financial announced that it has secured a funding of US$750 million, pushing its valuation to US$25 billion ahead of a planned initial public offering (IPO) early next year. The funding round was led by new

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Neobank Upgrade Closes US$105 Million Series E Round, Valued at US$3.325 Billion

Upgrade, a US-based fintech company that offers affordable and responsible credit to mainstream consumers, announced that it closed a US$105 million Series E round at a US$3.325 billion pre-money valuation. The round was led by Koch Disruptive Technologies (KDT) with

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EPAM Acquires Colombian Software Firm S4N as Part of Its Latin America Expansion Plans

EPAM Systems, a US-based provider of digital platform engineering and development services, has acquired S4N, a Columbian software development services firm specialising in the design and development of modern software products and enterprise platforms. The move is a part of

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Crypto Firm Circle Announces Intentions To Be a National Digital Currency Bank

Circle, creator of the second largest stablecoin USDC, announced its intention to become a full-reserve national commercial bank, operating under the supervision of the Federal Reserve, U.S. Treasury, Office of the Comptroller of the Currency (OCC), and the Federal Deposit

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16 Upcoming Fintech Events in the US

Across the US and around the world, live events are back in full force and gathering steam. In key fintech hubs like New York and California, major trade shows and events are scheduled to take place in the coming months,

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Neobank Mercury Bags US$120 Million, Looks To Crowdfund US$5 Million More

Mercury, a San Francisco-based fintech startup which offers banking services for startups, announced that it has raised US$120 million during its Series B funding round and is now valued at US$1.62 billion. The round was led by Coatue, with participation

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Square Inks Deal To Acquire Australian BNPL Firm Afterpay for US$29 Billion

Digital payments company Square announced that it has agreed to acquire Australia’s Buy Now, Pay Later (BNPL) firm Afterpay in a in an all-stock deal worth approximately US$29 billion. The closing of the transaction is expected in the first quarter

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Commission-Free Trading Pioneer Robinhood Seeks US$35B IPO Valuation

Robinhood, the US startup that pioneered commission-free trading, is seeking a market valuation of up to US$35 billion in its upcoming initial public offering (IPO) on July 29. In its submission to the US Securities and Exchange Commission (SEC), the

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Remote Becomes Unicorn With $150 Million Series B Funding

When the global pandemic struck last year, millions of people transitioned from working in physical offices to working from home, within the span of a few weeks. Physical meetings turned to video calls and break-time interactions moved to online messaging

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Facebook Pay To Be Available to Online Retailers Starting With Shopify

With digital payments picking up pace across the globe, social media giant Facebook is extending its payment services to online retailers. Shopify has become the first e-commerce platform to sign up for Facebook Pay. This will allow Shopify merchants to

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