Trading platform eToro has filed confidentially for a US IPO that could value the company at over $5 billion, the Financial Times reported on Thursday. Israel-based EToro, which competes with the likes of Robinhood, told TechCrunch it is “not commenting on IPO rumors.” The fintech had initially announced plans to go public via a SPAC […]
Trading platform eToro said to be eyeing $5B US IPO in 2025 Read More »
French startup Hyperline wants to build the next-generation Chargebee. Over the past two years, the startup has built a new billing platform that can be used for recurring subscriptions, one-off purchases, usage-based billing and more. Hyperline raised an initial €4 million funding round from Index Ventures back in 2023 ($4.1 million at today’s exchange rate).
Hyperline secures $10 million for its automated billing platform Read More »
Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it seeks to expand credit access to millions of underserved customers. The US technology group, which has held an equity stake in Axio for six years, signed the acquisition agreement
Amazon to acquire Indian fintech Axio in credit push Read More »
In the summer of 2020, as pandemic-driven volatility gripped markets, SoftBank Group shocked Wall Street with a series of massive options bets on U.S. technology stocks. Behind those trades — which earned SoftBank the “Nasdaq whale” moniker — was Akshay Naheta, an executive whose career has been marked by bold wagers on disruption. Now, after
SoftBank veteran hunts for profits in payments infrastructure plumbing Read More »
Welcome to TechCrunch Fintech! This week, we’re looking at the latest with embattled fintech Bench, Robinhood’s $45 million settlement, a couple of M&A deals, some cool fundraises, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big
Why some former Bench customers are not happy Read More »
For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange. Traditional banks and agents maintain a firm grip on the remittance
LemFi moves remittances further into Asia and Europe with $53M in new funding Read More »
Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with
Robinhood agrees to pay $45M in SEC settlement Read More »
Groww, India’s largest retail stockbroker, is preparing to file for an IPO in 10 to 12 months, seeking a valuation between $6 billion and $8 billion, sources familiar with the matter told TechCrunch. The Bengaluru-headquartered’s listing would be the first IPO by a digital trading platform in India. The targeted valuation is more than double
Groww, India’s biggest trading app, seeks $7B value in IPO Read More »
After accounting startup Bench abruptly shut down on December 27 and was bought in a fire-sale by Employer.com, Bench customers are now learning they can’t easily just take their financial data and leave. And some are very unhappy about it, three customers told TechCrunch. To recap: When Bench, a startup based in Canada that raised
Bench customers are now being forced to hand over their data or risk losing it, they say Read More »
Wirecard, a German fintech that raised hundreds of millions of dollars only to collapse in 2020 in a sea of scandal and insolvency, still makes headlines today as lawsuits continue against different entities and people once connected to the business. Meanwhile, a Dublin-based startup called Nomupay that was formed in 2023 out of some of
