Amazon, Meta join fight to end Google Pay, PhonePe dominance in India
PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.
Steve Ballmer blasts founder he backed who pleaded guilty to fraud: ‘I was duped and feel silly’
Steve Ballmer wrote a fiery letter in the sentencing of disgraced founder Joseph Sanberg documenting all the harm that’s befalling him as an investor.
Tim Cook is stepping down. What happens to Apple now?
Tim Cook plans to step down from his CEO role in September, handing the reins to hardware chief John Ternus. Ternus may be inheriting one of the most durable businesses in tech, but he’s also stepping into a very…
Salmon raises $100M in equity and debt to bring digital credit to underbanked Filipinos
Salmon is targeting underbanked Filipinos, with little to no credit history, as well as people unhappy with the incumbent lenders’ reliability issues.
Revolut eyes valuation of up to $200B in eventual IPO
Fintech giant Revolut, which secured a full banking license in the U.K. in March after years of waiting, was most recently valued at $75 billion in a secondary share sale.
Cash App is targeting a new kind of customer: 6-12 year olds
Tech companies are constantly on the hunt for new customers, and Cash App, the fintech company owned by Jack Dorsey’s Block, believes it has found a promising new demographic: children. The company, which already offers…
Once close enough for an acquisition, Stripe and Airwallex are now going after each other
For most of its life, Airwallex and Stripe have mostly operated in different geographies, selling to different buyers. That’s changing.
Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation
Five years later the founders, now 24 years old, say their startup has achieved $300 million in annualized revenue.
Airwallex is about to take on Stripe and the rest of the payments industry — in the physical world
Airwallex, valued at $8 billion, is launching a point-of-sale product that lets businesses accept in-person payments in multiple countries via a single platform.
OpenAI has bought AI personal finance startup Hiro
The acquisition indicates a capability that OpenAI is building into ChatGPT: financial planning.