Fintech

Flipkart co-founder Binny Bansal leaves PhonePe board

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Flipkart co-founder Binny Bansal has stepped down from PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as an independent director and audit committee chair. Bansal played a key role in Flipkart’s acquisition […]

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New UK crypto regulations will include stablecoins and staking services

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The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025. Speaking on Thursday at the Tokenisation Summit in London, economic secretary to the treasury Tulip Siddiq confirmed that the new rules would include cryptocurrency and stablecoins, which are pegged against a more stable asset such as a

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German fintech unicorn N26 just had its first profitable quarter

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Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. The challenger bank with millions of customers across Europe generated a net operating income of €2.8 million during the third quarter of 2024 (or $2.9 million at current exchange rates). This is an important

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Apple Pay, Cash App, PayPal and other apps to be treated more like banks

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Some digital services look like banks, act like banks, but aren’t banks — meaning they can, for instance, close down your account without notice. Or be difficult to contact when you want to dispute fraud. This is about to change: the U.S. Consumer Financial Protection Bureau (CFPB) has just ruled that all digital services that

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Socium doubles down on Francophone Africa after $5M seed round

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Demand for HR-tech solutions in Africa is growing, and Senegal’s Socium is out to tap the opportunity in French-speaking countries on the continent. Socium has since 2021 built HR solutions that target users within the 21 countries of Francophone Africa and plans to continue narrowing its focus on the region, where it is enjoying first-mover

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Ben Horowitz’s tight ties with the Las Vegas Police Department — and why it matters

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Over the last few years, Andreessen Horowitz co-founder and famed VC Ben Horowitz has donated at least $7.6 million to fund purchases by Las Vegas Metropolitan Police Department, including new drones from a16z-backed Skydio. Skydio is not the first of a16z’s portfolio companies to benefit from these donations, either. Today, on TechCrunch’s Equity podcast, hosts

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Sales tax automation startup Kintsugi doubled its valuation this year

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A 2018 Supreme Court ruling eliminated the requirement that an e-commerce retailer needed a physical location in a state in order for said state to be able to collect sales tax on purchases made by residents. While the decision was a boon for states, it created a headache for e-commerce sellers. Kintsugi is looking to

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PayPal once again lets you pool money from others to pay for things together

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PayPal is launching a few features that let users in groups pool money with friends or family, to collectively pay for trips, travels, gifts, and anything else. The company is launching this feature in the U.S., Germany, the U.K., Italy, and Spain ahead of the holiday season. “Re-launching” might be the more appropriate verb here:

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