FinTech

Fintech company Revolut's revenue rose to a record 923 million pounds ($1.1 billion) in 2022, helped by interest income growth, but net profit fell sharply to 6 million pounds, the company said in delayed annual accounts on Friday.Revolut, which ranked as the UK's most valuable start-up with around a $33 billion valuation in 2021, has applied for a UK banking licence but is still awaiting approval.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

As 2023 comes to a close, we’re here to look back at the biggest fintech stories of the year. Silicon Valley Bank’s implosion felt like a fintech story in that a number of startups (Brex, Arc and Mercury, for example) in the space leapt to fill the hole left by its collapse. But it truly was a story that affected all industries — and founders and investors alike. And one that continues to play out. Apple launches savings accounts for Apple Card customers Ironically, one of 2023’s biggest stories involved a tech giant…

Develop your own zero-cost LLM, to extract corporate context, locallyContinue reading on Towards Data Science » Develop your own zero-cost LLM, to extract corporate context, locallyContinue reading on Towards Data Science » FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

Image Source : FILE What are the factors behind BharatPe's FY23 net loss that has increased to Rs 941 crore BharatPe, a fintech major has witnessed an increase in net loss to Rs 941 crore during the financial year 2023 (FY23), as compared to the preceding fiscal which was Rs 834 crore. Notably, this surge has been attributed to the exclusion of the Rs 4,782 crore loss…

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up!  What a year This is the last edition of The Interchange for 2023 — it’s hard to believe that the year is almost over. It was an eventful 12 months, even if funding was down. We saw a bunch of M&A activity (read about it here, here, here and here), BNPL made a comeback (sort of), new fintech-focused venture firm…

US-based e-commerce and fintech company Bolt has confirmed it laid off 29 per cent of its staff.According to a Bolt spokesperson, the company made the cuts to get Bolt to "an operating model optimised for sustainable growth and efficiency", reports TechCrunch.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisit"We…

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. You shouldn’t compare apples to oranges, but similarly, comparing iPhones to Androids is a fool’s errand as well. Now that Apple is finally phasing out the Lightning connector after 11 years in favor of the more universal standard USB-C (across a ton of products), the conversation has reignited about silos versus open standards. Apple has long attracted the ire of Android users who are locked out of the iMessage standard, and every now and…

Credit Karma co-founder and Chief Revenue Officer Nichole Mustard is leaving the company after 16-and-a-half years, TechCrunch has exclusively learned today. A spokesperson of the consumer fintech, now a subsidiary of Intuit, confirmed Mustard’s departure via email, writing only: “I can confirm she decided to leave the company, her contributions have been significant and we wish her well.” Mustard’s decision to step down marks the third known high-profile executive departure at Credit Karma in 2023, as noted by a…

Payments solution provider Infibeam Avenues on Thursday said it has acquired a 49% stake in capital markets financial software provider Pirimid Fintech for Rs 25.1 crore.With the stake acquisition, Infibeam is looking to integrate its digital payments framework with Pirimid Fintech's capital market trading software for clients in India and globally. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIT DelhiIITD Certificate Programme in Data…

2023 has been a tough funding year for European fintech startups, with raised capital dropping 70% drop in H1 compared to the same period in 2022. But against this backdrop, British payment startup SumUp has still managed to bag €285mn to expand its global footprint. SumUp was founded in the UK in 2012 with the mission to level the playing field for small businesses. Through its SuperApp, it provides merchants with an online store, a free business account, and an invoicing solution — alongside…