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Fintech

All articles tagged with #fintech

Airwallex Surpasses $1 Billion Revenue, Challenges U.S. Fintech Giants

Originally Published 2 months ago — by Fortune

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Source: Fortune

Airwallex, a Singapore-based fintech company, has surpassed $1 billion in annualized revenue with a 90% YoY growth, expanding its product offerings and global presence, especially in North America and Europe, positioning itself as a competitor to Stripe and Ramp in cross-border payments, business banking, and spend management.

Trump's Student Loan Sale Plans and Their Impact on Fintech

Originally Published 3 months ago — by Barron's

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Source: Barron's

Shares of SoFi Technologies rose after reports that the Trump administration is considering selling parts of the $1.6 trillion federal student loan portfolio to the private market, potentially increasing opportunities for private lenders like SoFi, which could benefit if federal involvement in student lending diminishes.

Stock Market Gains as Tech and AI Stocks Rally

Originally Published 3 months ago — by Investor's Business Daily

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Source: Investor's Business Daily

The stock market experienced a slight retreat with major indexes falling, while Tesla's stock dipped following the release of FSD v14 and anticipation of a cheaper Model Y. Notable gains were seen in fintech and AI-related stocks like Sofi and IBM, amid ongoing market and economic developments including a potential resolution to the government shutdown and strategic investments by ICE. Overall, market sentiment remains cautious with mixed performances across sectors.

JPMorgan's $22M Payment to Startup Founder Ends in $144M Repayment and Prison

Originally Published 3 months ago — by eFinancialCareers

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Source: eFinancialCareers

Charlie Javice, founder of fintech firm Frank, was sentenced to seven years in prison and ordered to repay JPMorgan $144 million after falsely inflating her company's user numbers to secure a $175 million sale, highlighting risks in fintech acquisitions. Meanwhile, the M&A sector is experiencing a boom with increased hiring and record revenues at firms like Jefferies, amidst ongoing corporate leadership changes and market activity.

Charlie Javice Sentenced to 7 Years for JPMorgan Fraud

Originally Published 3 months ago — by The Times of India

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Source: The Times of India

Charlie Javice, founder of fintech startup Frank, was sentenced to seven years in prison for defrauding JPMorgan Chase of $175 million by falsifying customer data, claiming her company had over 4 million users when it had fewer than 300,000, following her conviction for conspiracy, wire, and bank fraud.

UK Fintech Tide, Supported by India's Small Businesses, Achieves Unicorn Status

Originally Published 3 months ago — by TechCrunch

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Source: TechCrunch

UK-based fintech Tide, serving over 1.6 million micro and small enterprises globally with a significant presence in India, has become a unicorn with a $120 million funding round led by TPG, valuing it at $1.5 billion. The company offers tailored financial and administrative services to small businesses and plans to expand further geographically and enhance its product offerings, including AI capabilities.

Klarna's Journey from Humble Beginnings to $16 Billion Valuation

Originally Published 4 months ago — by Fortune

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Source: Fortune

Klarna, a Swedish fintech company co-founded by Sebastian Siemiatkowski, went public in 2025, achieving a $16 billion valuation. Siemiatkowski's journey from working at Burger King and living on food stamps to leading a billion-dollar company highlights his resilience and entrepreneurial spirit, shaped by diverse jobs and life challenges.