Business
Businesses Pass Tariff Costs to Consumers, Prolonging Price Increases
U.S. firms continue raising prices to manage tariffs from the Trump era.…
Startup
Fintech
Credit Card Fees Enrich Banks Over Networks
The major beneficiary of card fees are the issuing banks. Visa and Mastercard have limited earnings from each transaction. Interchange fees support premium rewards programs, impacting pricing.
UK Fintech Kord Secures £6.4 Million to Enhance Client Onboarding and Payment Solutions
Kord raises £6.4 million to streamline digital transactions. The platform integrates compliance tools into one system. Funding to enhance team,…
Klarna Moves to Establish US Presence with Banking Licence Application
Klarna is pursuing a US banking license to expand its operations. The company aims to switch from partner banking to…
Stoa Secures Funding to Elevate Cash Management Rewards Platform
Stoa raised $2.4 million for its cash management platform. The platform offers upfront rewards on fixed-term "Stoa Pots". Expansion plans…
Zerohash Pursues $250 Million Funding Round Following Mastercard Withdrawal
Zerohash is pursuing $250 million in funding to boost valuation. The company ended acquisition talks with Mastercard seeking independence. Zerohash plans to expand services in the European Economic Area.
Exchanges Clash with Stablecoins as Roles Shift in Cryptocurrency
Stablecoins and exchanges previously collaborated, now their roles are diverging. Open USD debut shows this shift, gaining participants and market…
OCC Enhances Clarity for FinTechs Seeking Bank Charters
OCC unveils guidelines for FinTechs seeking bank charters, enhancing transparency. Public denial disclosures aim to clarify regulatory standards for prospective…
Qonto and Pennylane Compete for SME Market Share
Qonto and Pennylane target SMEs with distinct fintech solutions. Both companies expand product offerings to gain European market share. E-invoicing…
