Chime almost died in 2016, turned down by 100 VCs. Today it IPO’d at $14.5B.
Julie Bort / techcrunch - In 2016 when Chime desperately needed cash, over 100 VCs said no. One seed VC, took a chance and saved the company, co-founder Ryan King recalls.
Back to Top / Thursday, June 12, 2025, 1:21 pm / permalink 7837 / 2 stories in 8 months
Irish Fintech Nomupay Secures $40M Investment for Asian Expansion
Irish fintech Nomupay has secured a $40 million investment tied to a significant partnership with a Japanese payments firm, bolstered by backing from SoftBank. The funding is aimed at driving strategic expansion into Asia, particularly Japan, demonstrating strong investor confidence in cross-border fintech innovation.
Back to Top / Tuesday, June 3, 2025, 4:20 am / permalink 6567 / 4 stories in 9 months
Chime Eyes $11.2B Valuation in Anticipated IPO
Digital banking startup Chime is preparing for its IPO with a target valuation of $11.2 billion, signaling robust investor confidence. The move reflects the company’s rapid ascent in the competitive fintech arena amidst growing scrutiny and heightened expectations.
Back to Top / Monday, June 2, 2025, 3:20 pm / permalink 6512 / 1 stories in 9 months
Monzo posts robust profitability and customer growth amid IPO chatter
Monzo’s latest financial disclosures highlight its sustained profitability and increasing customer reliance. The bank, marking profitability for a second consecutive year, also reveals that roughly one-third of its customers now consider it their primary bank. These strong performance benchmarks fuel fresh IPO speculation in the competitive fintech arena.
Back to Top / Monday, June 2, 2025, 4:20 am / permalink 6437 / 3 stories in 9 months
Apple Savings Interest Rate Cut Continues with Lower Yields
Apple has trimmed the interest rate on its Card Savings Account from 3.75% to 3.65%, marking yet another step in a series of ongoing rate reductions. This move underscores a broader industry trend toward lower yields, leaving account holders to adjust their financial expectations.
Back to Top / Wednesday, May 28, 2025, 8:20 am / permalink 5917 / 3 stories in 9 months
Starling Bank Profit Slump Sparks Legacy and Fraud Concerns
British neobank Starling Bank is grappling with a noteworthy profit decline, as reports indicate a quarterly slump of around 25% to 26% amid legacy operational issues and Covid loan fraud complications. Financial hurdles and regulatory quirks appear to be hampering the bank’s performance, prompting questions about its sustainable profitability going forward.
Back to Top / Wednesday, May 28, 2025, 6:21 am / permalink 5907 / 3 stories in 9 months
Japanese Bond Markets in Turmoil Amid Yield Volatility
Recent economic reports show Japan’s bond market in a tizzy as yields plunge on issuance cut speculations while bonds rally on hopes of reduced supply. With stocks reacting sharply and investors visibly jittery, the day’s market movements paint an unpredictable financial landscape down under.
Back to Top / Tuesday, May 27, 2025, 8:20 am / permalink 5759 / 1 stories in 9 months
EU Weighs SWIFT Ban for 20 Banks Amid Russia Sanctions
EU officials are reportedly contemplating a dramatic move to exclude 20 banks from the SWIFT network as part of a fresh round of sanctions against Russia. This bold diplomatic maneuver targets financial channels potentially aiding Russia, showcasing the EU’s willingness to flex regulatory muscle—an ironic twist in today’s geopolitical chess match.
Back to Top / Saturday, May 24, 2025, 3:20 am / permalink 5516 / 1 stories in 9 months
Canada-Wide Internet Outage Disrupts ISPs and Banking Services
A massive outage sweeping across parts of Canada has left major ISPs and Scotiabank’s online platforms in disarray. Customers are reporting widespread connectivity issues that are stalling everyday transactions, while service providers scramble to pinpoint the cause of this unsettling digital blackout.
Back to Top / Wednesday, May 21, 2025, 10:21 am / permalink 5159 / 4 stories in 9 months
Revolut makes a bold move in France with Paris HQ launch
Revolut is making a thrilling foray into Western Europe by choosing Paris as its headquarters and anchoring its presence with a €1bn investment, alongside applying for a French banking licence. One might say the fintech giant is betting big on the city of baguettes and bureaucracy.
Back to Top / Monday, May 19, 2025, 6:20 am / permalink 5001 / 2 stories in 9 months
Moody’s Credit Downgrade Spurs Fiscal Health Debate
Moody’s recently lowered the U.S. credit rating from its long-held AAA status to Aa1 as deficits and rising interest costs continue to mount. In a twist of fiscal irony, financial commentator Bessent dismissed Moody’s metrics as a lagging indicator of America’s ailing fiscal health, adding extra sass to the budgetary brouhaha.
Back to Top / Sunday, May 18, 2025, 11:20 am / permalink 4982 / 0 stories in 9 months
Federal Reserve to Slash Staff in Massive Cost-Cutting Efficiency Drive
The central bank is set to trim its workforce by about 10% over the coming years, as reports reveal sweeping efforts to streamline operations and boost efficiency. With tightening fiscal pressures and evolving banking policies, the move is viewed as a no-nonsense attempt to recalibrate internal structures.
Back to Top / Friday, May 16, 2025, 3:20 pm / permalink 4910 / 1 stories in 9 months
Chime Files for Nasdaq IPO Amid Fintech Frenzy
Fintech bank Chime is boldly stepping into the public arena by filing its IPO paperwork with the SEC. Coupled with an intriguing deal involving the Dallas Mavericks, the move underscores the company’s aggressive push for growth amid a renewed tech listing surge. Investors might want their seatbelts fastened for this fintech thrill ride.
Back to Top / Tuesday, May 13, 2025, 6:20 pm / permalink 4652 / 4 stories in 9 months
Robinhood Accelerates Canadian Expansion with WonderFi Acquisition
In a bold move north of the border, Robinhood is acquiring Canadian crypto leader WonderFi for CA$250 million, seamlessly integrating regulated digital asset platforms into its portfolio. This strategic play marks a deliberate pivot into Canada's burgeoning crypto scene, as the U.S.-based firm seeks to charm investors with its innovative, border-transcending ambitions.
Back to Top / Tuesday, May 13, 2025, 8:21 am / permalink 4589 / 4 stories in 9 months
Apple Card Offers 6% Nike Cashback for Card Holders
In a move blending finance with sporty flair, Apple and Nike are offering Apple Card users a limited-time 6% cash back promotion on Nike purchases via Apple Pay. Customers can enjoy daily cash rewards, highlighting a rare win-win in the world of digital payments.
Back to Top / Monday, May 12, 2025, 5:20 pm / permalink 4555 / 2 stories in 9 months
Apple Card Promotion for Free Six-Month Uber One Trial
Apple Card holders are enjoying a six‐month free trial of Uber One, with emails firmly confirming the benefit. The promotion reinforces Apple’s continuous efforts at spicing up its financial products, turning an everyday perk into a ride-along treat for loyal users.
Back to Top / Thursday, May 8, 2025, 6:20 pm / permalink 4354 / 2 stories in 9 months
Fed Chair Powell’s live briefing on rate policy
Fed Chair Powell addressed market concerns with a live update that firmly rejected President Trump’s calls for rate cuts. Speaking amid rising inflation and stagflation fears, Powell outlined the Fed’s commitment to a cautious, measured monetary policy while dismissing politically charged demands for immediate easing.
Back to Top / Wednesday, May 7, 2025, 2:20 pm / permalink 4247 / 1 stories in 9 months
Apple re-enters corporate debt market with bond offering
Apple has broken its recent silence on debt by pricing its first corporate bond in two years. Managed by top-tier banks, this financing move signals a savvy comeback into debt markets while subtly reminding competitors that innovation often comes with a dash of financial audacity.
Back to Top / Monday, May 5, 2025, 8:20 pm / permalink 4101 / 1 stories in 10 months
Taiwan Dollar Surges to Record Levels Against the US Dollar
Bloomberg reports a striking rally in the Taiwan Dollar with one update noting a dramatic 4% jump—the largest since 1988—and another citing a 2% surge to a two‐year high. The market’s fluctuating metrics underscore a volatile yet buoyant forex environment.
Back to Top / Sunday, May 4, 2025, 10:20 pm / permalink 4021 / 3 stories in 10 months