Citi Reports Q1 2025 Profit Increase and Digital Focus
Citi reported a 23% profit rise in Q1 2025. Strategic reorganizing and digital tools supported performance. Credit costs and restructuring…
Assiduous Secures €1M and Launches AI-Powered Finance Platform
Assiduous gains €1M to expand AI-enabled finance tools. The investment drives product development and streamlined processes. SMEs benefit from reduced…
CFPB Refocuses on Core Consumer Protections
CFPB shifts focus to critical consumer risks. Rules may ease registration obligations for nonbank firms. Stakeholders weigh enforcement benefits against…
Acquisition Vote Finalizes MoneyLion’s Integration with Gen Digital
Shareholders approved the MoneyLion acquisition vote decisively. The integration combines financial services with robust cybersecurity tools. Analysts advise monitoring changes…
Solid Files Chapter 11 While Lawsuits and Funding Issues Persist
Solid files for Chapter 11 protection over mounting issues. Legal disputes and funding shortages stress its operations. Restructuring plans will…
Damisa Secures Pre-Seed Investment to Boost Stablecoin Payment Service
Damisa raises £2.25M in pre-seed funding. Stablecoin and smart wallet infrastructure targets cross-border issues. Investors and sector experts validate the…
Revolut Faces €3.5m Penalty Over Control Shortcomings
Revolut was fined €3.5m for compliance shortfalls. Authorities noted gaps in customer transaction monitoring practices. Similar fines were imposed on…
Sipay Gains $78M Investment to Expand Its Fintech Services
Sipay raised $78M and valued at $875M recently. Fintech plans include remittance services in emerging markets. Investments will boost product…
MercadoLibre Expands Brazil Investment and Workforce
MercadoLibre increases Brazil investment to support logistic upgrades. The firm expands staff and targets digital banking growth. Market performance shows…
Pennylane Raises €75m to Fuel European Expansion
Pennylane secures €75m to boost European presence. The new capital aids workforce expansion and tech upgrades. Investors back a platform…
