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The race to be China’s top fintech platform: Ant vs Tencent

The race to be China’s top fintech platform: Ant vs Tencent As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not least because they […]

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MSCHF’s Push Party raises an unconventional seed round at a $200 million valuation

MSCHF’s Push Party raises an unconventional seed round at a 0 million valuation As part of its latest stunt, MSCHF, a venture-backed creative studio that’s smarter and more audacious than most, is poking a little fun on the venture industry itself and perhaps publications like TechCrunch too. The startup has spun out a rather simplistic […]

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Daily Crunch: DOJ files suit to stop Plaid acquisition

Daily Crunch: DOJ files suit to stop Plaid acquisition The DOJ challenges Visa’s acquisition of a fintech startup, Apple releases the latest version of iOS and goPuff acquires an iconic alcohol retailer. This is your Daily Crunch for November 5, 2020. The big story: DOJ files suit to stop Plaid acquisition The Department of Justice […]

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Inside fintech startup Upstart’s IPO filing

Inside fintech startup Upstart’s IPO filing While the world awaits the Airbnb IPO filing that could come as early as next week, Upstart dropped its own S-1 filing. The fintech startup facilitates loans between consumers and partner banks, an operation that attracted around $144 million in capital prior to its IPO. First Round Capital, Khosla […]

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Vivid Money raises $17.6 million for its European challenger bank

Vivid Money raises .6 million for its European challenger bank German fintech startup Vivid Money has raised a $17.6 million Series A funding round (€15 million). Ribbit Capital is leading the investment. Today’s funding round gives Vivid Money a valuation of $117 million (€100 million). Vivid Money is quite a young startup as the company […]

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Daily Crunch: China postpones Ant Group IPO

Daily Crunch: China postpones Ant Group IPO Yes, there’s a high-stakes presidential election underway, but tech news doesn’t stop completely: Chinese regulators pull the brakes on Ant Group’s IPO, Spotify adds standalone streaming support on Apple Watch and PayPal outlines its plans for 2021. This is your Daily Crunch for November 3, 2020. The big […]

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Pulled Ant Group IPO costs Alibaba nearly $60B in market cap

Pulled Ant Group IPO costs Alibaba nearly B in market cap News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had […]

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PayPal details its digital wallet plans for 2021, including crypto, Honey integration and more

PayPal details its digital wallet plans for 2021, including crypto, Honey integration and more PayPal this week laid out its vision for the future of its digital wallet platform and its PayPal and Venmo apps. During its third-quarter earnings on Monday, the company said it plans to roll out substantial changes to its mobile apps […]

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4 takeaways from fintech VC in Q3 2020

4 takeaways from fintech VC in Q3 2020 Fintech has been a key startup story in recent quarters, with leading players in the genre raising titanic rounds at eye-popping valuations. Consider companies like Robinhood, and its epic capital run this year on the back of huge revenue growth, or Chime, which also raised huge sums […]

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PayPal’s earnings don’t excite Wall Street, but bring good news for consumer fintech

PayPal’s earnings don’t excite Wall Street, but bring good news for consumer fintech PayPal’s stock is down in after-hours trading after reporting third-quarter earnings that beat expectations. It’s not immediately clear why PayPal is losing ground, although it could stem from retail investor having higher expectations than what analysts estimated for the high-flying company. Despite […]

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