JPMorgan Chase eyes expansion to Continental Europe and Brazil, Stripe enters the credit card market, and an FIS survey finds that U.S. financial firms plan to invest heavily in embedded finance
Apple's Savings Account customers face challenges with withdrawals, Nubank partners with Uber to enable paying for rides with NuPay, and Adyen launches an instant payout service
Affirm partners with Worldpay from FIS to bring BNPL products to Worldpay’s merchants, BILL sees strong upsell opportunities for Divvy, and nCino revenue decelerates on weaker demand from larger banks
SoFi stock rises on an earlier restart of student loan payments, dLocal confirms inquiry from Argentine authorities, and Marqeta closes its operations in Australia
Upstart, Shopify, and Nubank are leading the Fintech stock rally of 2023
dLocal stock plummets on new allegations, Klarna losses narrowed in the first quarter of 2023, and J.P.Morgan is building a ChatGPT-like investment advice service
SoFi’s CEO, Anthony Noto, defends the use of fair value accounting, PagSeguro rebrands into PagBank, and Klarna launches a credit “opt-out” feature
Notes from J.P. Morgan Technology, Media & Communications Conference: Toast’s management sees multiple levers for further growth, Marqeta’s new CEO revamps sales strategy, aims for profitability
Venture firm QED raises $925 million to invest in Fintech startups, Airbnb partners with Stripe to enable paying for stays with bank payments, and Visa to open a technology and product hub in Poland
Wise CFO will depart the money transfer firm next year, PayPal’s Venmo introduces accounts for teens, and Australia plans to regulate the Buy Now Pay Later industry
PayPal targets small businesses as it is pressured to improve margins, and Coinbase plans to bring US products to Europe, sees opportunities in derivatives trading
PayPal is pressured to sell its remittance business Xoom, Coinbase launches Coinbase One in Europe, and Lightspeed stock plummets on soft guidance
