Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How SoFi Went From Fintech Darling To Wall Street Pariah
In late December 2017, Anthony Noto slipped into a San Francisco law firm's office for a confidential meeting. At the time, he was Twitter's chief operating officer and looking to level-up to become CEO of San Francisco's SoFi, a fast-growing…
East Africa's next fintech act
Joe Kiragu, Regional Director for East Africa at Sybrin. In just over a decade, East Africa moved from a landscape where millions lacked access to financial services to one where mobile money is woven into the fabric of everyday economic life.
PayPal winds down venture arm as fintech giant restructures under new CEO
PayPal is shuttering its 10-year-old venture team amid a broader corporate shakeup, according to five sources familiar with the matter. The fund's headcount has shrunk from more than 10 in late 2025 to now only two, according to an archived version…
Infinite Investment Systems Expands Foundational Financial Technology Services in Canada Through Acquisition of Paramax
TORONTO, June 16, 2026 /CNW/ - Infinite Investment Systems ('Infinite'), a leading Canadian provider of wealth management and investment operations technology, today announced the acquisition of Paramax Solutions Inc., a Canadian provider of…
Mercury Deploys Conversational AI Interface Across FinTech Platform
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Banks, fintechs sue Oregon over interest rate opt-out law
Key insight: Trade groups argue Oregon exceeded its authority by applying its 36% interest-rate cap to loans made by out-of-state state-chartered banks under their home states' laws. Supporting data: The lawsuit relies on the ongoing Colorado case…
Forget Walmart: This E-Commerce and Fintech Giant Is Growing 40% YoY and Is a Better Buy
MercadoLibre grew revenue 49% YoY in Q1 2026, trades at a PEG of 0.98, and sits 30% below analyst consensus. Walmart trades at 43x earnings while free cash flow turned negative and operating cash flow fell 12%. These are growth multiples being…
Fintech firm Chronograph secures over $140m from Sixth Street Growth
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Industrials Up on Rotation From Tech - Industrials Roundup
Shares of industrial and transportation companies rose as traders rotated into the sector from the volatile tech area. General Motors entered talks with Lockheed Martin about making parts for the defense contractor's weapons. President Trump…
Credo: The AI Connectivity Winner Emerges (NASDAQ:CRDO)
Credo revenue surged 206% to $1.3 billion, driven by explosive AI infrastructure connectivity demand growth. Gross margins exceeded 68%, while non-GAAP net margins surpassed 50% in the fiscal fourth quarter. Optical transition is expected to drive…
Pradip Patiah joins Axis Capital board
162c5844-aafd-44ff-9514-da38d8287c55 Created: Jun 16, 2026 03:38 PM (Updated: Jun 16, 2026 03:38 PM) New director: Pradip Patiah has joined the board of Axis Capital Bermudian insurer and reinsurer Axis Capital has appointed Pradip Patiath to the…
Forbes Daily: The Startup Trying To Build Floating Data Centers At Sea
Newly-public SpaceX wants to put data centers in space—but there may be a better and cheaper option: the sea. Backed by Peter Thiel, Portland, Oregon startup Panthalassa has been developing floating data centers that generate their own…
The Strategic Mistake Global Brands Make When Entering GCC Markets
Yasir Zahoor Rather is the Managing Director at Insights Dubai, a leading digital marketing and growth agency in the Middle East. The Gulf Cooperation Council (GCC) is one of the most compelling growth stories in the global economy right…
Repsol to Explore Venezuela's Horcon Area for Oil After Signing Agreement With Government
Spain's Repsol said it signed an agreement with the Venezuelan government to explore and potentially develop an oil deposit in the Horcon area, located southeast of Lake Maracaibo. The memorandum of understanding with the government and state oil…
Sotoh Co FY Net Y515.00M Vs Net Y406.00M
Sotoh Co. Ltd. (3571.TO) Japan Year Ended March 31 GROUP 2026 2025 Revenue Y10.72 bln Y10.04 bln Operating Profit (Y229.00 mln) (Y146.00 mln) Pretax Profit (Y36.00 mln) Y31.00 mln Net Profit Y515.00 mln Y406.00 mln Per share Earnings Y41.18 Y32.28…
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