Is Klarna really focused on profitability?
/
BNPL giant Klarna announced that its losses have tripled in the first six months of 2022, reporting losses of $581M. Its revenue rose by 24% over the same period.
Read More
Fintech News Stories
Meta bets big on in-app purchases
/
WhatsApp, the messaging platform owned by Meta, announced a shopping feature for India-based consumers to purchase groceries and other items within WhatsApp. The feature is launched in partnership with JioMart, an Indian e-commerce company.
Read MoreGrowing insurance connections with bolt
/
In an interview with The Financial Revolutionist, bolt CEO Jim Dwane details bolt’s growth strategy, highlights bolt’s value proposition, and shares his view on bolt’s future.
Read More
Revolutionizing the floor plan with CubiCasa
/
In an interview with The Financial Revolutionist, CubiCasa President Jeff Allen outlines CubiCasa’s growth strategy, announces the company’s latest pricing features, and shares his vision for the future of floor plans.
Read MoreOverhauling mortgage-backed securities with Infima
/
In an interview with The Financial Revolutionist, Infima CEO Hendrik Bartel outlines his path to Infima, shares details of the company’s Seed round, peeks at the startup’s roadmap, and encourages a modest approach to startup leadership.
Read MoreSoftBank is hemorrhaging money. Again.
/
SoftBank is expected to announce additional losses of billions of dollars from its two funds. The Japan-based investment conglomerate lost $27B in the previous fiscal year.
Read MoreHow Big Tech layoffs may help small businesses
/
Over 30,000 tech workers have lost their jobs in the latest round of tech layoffs. Across industries, unemployment claims have reached an eight-month high.
Read MoreTech giants may trigger economic fears across sectors
/
Google announced that it paused hiring for two weeks, stating the need “to enable teams to prioritize their roles.” Other major tech companies have also announced layoffs; Netflix, for example, has fired more than 450 employees since May.
Read MoreStarling scraps European banking plans
/
Starling, the UK-based challenger bank, withdrew its application for a European banking license four years after its initial application to the Irish Central Bank. The bank is now eyeing growth through its banking software subsidiary, Engine, and by expanding its lending initiatives.
Read MoreLoyalty can be a currency, too, with Engage People
/
To Len Covello, Co-Founder and CTO of Engage People, a Toronto-based loyalty network that connects loyalty programs with payment systems and retailers to let consumers pay with points at checkout, the future of payments leverages a fully-backed digital currency: the rewards point.
Read MoreDespite tempered hiring plans, Meta still bets on metaverse
/
Meta, Facebook’s parent company, announced it would reduce its engineer hiring goals by 30% this year. It will recruit between 6,000 and 7,000 engineers, down from an envisioned 10,000.
Read MoreRent increases may seriously affect proptech’s future
/
The Council of Economic Advisers reported that skyrocketing rents were responsible for 40% of the Consumer Price Index increase in May. At least 35% of people in the U.S. live in rented housing.
Read MoreCredit unions risk major climate-related losses
/
A report by the Filene Research Institute and Ceres Accelerator for Sustainable Capital Markets suggests more than 60% of credit unions risk climate-related losses. These credit unions represent over $1.2T in assets.
Read MoreDisrupting meetings with OpenExchange
/
In an interview with The Financial Revolutionist, Mark Loehr, CEO of OpenExchange, explains his path to OpenExchange, offers tips for organizing virtual meetings, and outlines his vision for the future of virtual contact.
Read More
