Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
Block, a San Francisco-based payment solutions specialist, is implementing job cuts across its Cash App, Square, and foundational teams.
Block CEO Jack Dorsey...
Conversational AI platform Kore.ai raises $150m funding to fuel growth
Kore.ai secures $150 million investment
Funding led by FTV Capital, with participation from Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie
Total...
PayPal to trim workforce by 9% over 2024 in bid to streamline business
PayPal Job Cuts:PayPal to cut approximately 9% of its workforce throughout 2024.
Expected impact on around 2,500 jobs.
CEO Alex Chriss confirms...
UK fintech Paysme winds down operations
Paysme Closure:UK-based fintech Paysme, focused on aiding small businesses in transitioning to the digital economy, has shut down.Financial Struggles:Despite raising...
Griffin begins hunt for new COO with Maria Campbell set to depart
UK-based Banking-as-a-Service (BaaS) provider Griffin seeks a new Chief Operating Officer (COO) as Maria Campbell is set to depart this quarter.
Campbell became...
BNPL lender Sunbit secures $310m debt facility with Citi and Ares Management Credit
Sunbit secures a $310 million debt warehouse facility from Citi and Ares Management Credit.
Builds upon a previous $250 million debt facility obtained...
YouLend secures £4bn private securitisation deal with JP Morgan
UK-based YouLend announces private securitization deal with JP Morgan.
The deal enables YouLend to extend £4 billion in revenue-based financing to SMEs.
SMEs...
The Bank of Missouri looks to bring digital banking products to fintechs with i2c partnership
The Bank of Missouri (TBOM) forms a five-year partnership with i2c, a Silicon Valley-based banking and payments technology firm.
i2c provides credit, debit,...
UK’s PRA fines HSBC £57m for “historic depositor protection failings”
HSBC was fined £57.4 million by the UK’s Prudential Regulation Authority (PRA).
Fine issued to HSBC's European holding company (HBEU) and UK subsidiary...
