Tag: finance
Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal
In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The…
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Calendly CEO Tope Awotona is joining us at Disrupt 2021
It all seems so simple. Instead of the dreaded back-and-forth on email, what if there was a solution that helped two parties (or multiple parties) schedule a call or a hangout? Calendly was born out of that question. Today, the company is worth more than $3 billion, according to reports,…
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Financial firms should leverage machine learning to make anomaly detection easier
Bikram Singh Contributor Bikram Singh is the CEO and co-founder of EZOPS. He has built and managed operational services and technology solutions for banks, hedge funds, asset managers, fund administrators and custodians. Anomaly detection is one of the more difficult and underserved operational areas in the asset-servicing sector of financial…
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Ivorian fintech Julaya raises $2M to digitize business payments in Francophone Africa
There are over 1 billion mobile money accounts globally. Africa leads the way in transaction value and volume thanks to M-Pesa, largely used in East Africa. Other regions across the continent are also growing fast. In 2019, West Africa reported the most live mobile money services in any region, with…
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iPhone sales fuel Apple’s Wall Street-beating Q3
Another excellent quarter for Apple, as the company posted $81.4 billion in revenue. That’s a 36% year-over-year jump for the company, besting Wall Street estimates of $73.3 billion by a considerable margin. “Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth…
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Solarisbank raises $224M at a $1.65B valuation to acquire Contis and expand its API-based embedded banking tech in Europe
Embedded finance — the process by which some of the more complicated, but also commoditized, aspects of financial services are built and wrapped in an API for anyone else to implement in their own products for end users — has become a huge cornerstone of how fintech is built today.…
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