Tag #Fintech

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dailymail.co.uk

🌐 65% Global Worthiness

Nov 19, 04:03

Fintech Bankruptcy Freezes Millions in Savings

The bankruptcy of Synapse, a financial technology company, has frozen millions of dollars in savings accounts for Yotta customers, resulting in a lawsuit and highlighting risks in the fintech industry.

Fintech Bankruptcy Freezes Millions in Savings

The bankruptcy of Synapse, a financial technology company, has frozen millions of dollars in savings accounts for Yotta customers, resulting in a lawsuit and highlighting risks in the fintech industry.

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What caused the freezing of funds for Yotta customers?

Yotta, a fintech company offering savings accounts with lottery features, experienced a significant financial setback when its partner, Synapse, declared bankruptcy. This resulted in frozen accounts for Yotta users, preventing access to over \$100 million in funds.

theglobeandmail.com

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Nov 13, 22:05

Klarna's US IPO Filing

Klarna, a Swedish BNPL firm, files for a US IPO, marking a significant event for the European tech scene.

Klarna's US IPO Filing

Klarna, a Swedish BNPL firm, files for a US IPO, marking a significant event for the European tech scene.

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What is Klarna's current plan?

Klarna, a buy now, pay later (BNPL) company, is going public for a second time, filing paperwork with the SEC for an initial public offering (IPO). This will be one of the largest European company IPOs next year, potentially surpassing all but Revolut.

welt.de

🌐 45% Global Worthiness

Nov 19, 16:12

N26 achieves profitability after lifting of growth restrictions

German neobank N26 overcomes growth restrictions imposed by Bafin and reports significant revenue growth and profitability.

N26 achieves profitability after lifting of growth restrictions

German neobank N26 overcomes growth restrictions imposed by Bafin and reports significant revenue growth and profitability.

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Decent Work and Economic Growth

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What are N26's plans for future growth and expansion?

Despite reaching profitability on a monthly basis, N26 anticipates a €20 million operating loss for 2024 due to losses incurred from early repayment of low-interest bonds to finance new investments. The company expects to have 4.8 million revenue-generating customers by the end of the year and plans to offer business accounts in 2025.

cincodias.elpais.com

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Nov 12, 10:13

Bunq Enters Spanish Investment Market

Dutch neobank Bunq launches low-cost investment service in Spain targeting young customers, challenging traditional banking models.

Bunq Enters Spanish Investment Market

Dutch neobank Bunq launches low-cost investment service in Spain targeting young customers, challenging traditional banking models.

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What are Bunq's future plans, and what challenges does it face?

Bunq's founder, Ali Niknam, plans to expand its product range to include loans, but faces challenges due to varying regulations across European countries. He advocates for unified regulations to allow for more competitive credit offerings across the eurozone.

Showing 241 to 244 of 244 results