Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
UK fintech Revolut valuation soars to $115 bn: source
British digital bank Revolut, whose growth has exploded in recent years, reached a valuation of $115 billion Wednesday following a secondary share sale, a source close to the deal said Wednesday. This represents a jump of more than 50 percent in…
Top African Retailer Pepkor to Acquire Fintech Firm Shop2Shop
Pepkor Holding Ltd. 's payment services firm will acquire a financial technology firm as the clothing retailer expands its business in South Africa's informal sector. Pepkor's Flash will combine with Shop2Shop, creating a firm valued at 21.3…
Pepkor creates R21.3bn fintech platform
[CAPTION] Flash is Pepkor's fintech and digital services platform that enables access to financial and digital products. (Image supplied) Retail giant Pepkor has merged Flash, its wholly-owned fintech subsidiary, with Shop2Shop to create merchant…
UK fintech Revolut valuation soars to $115 bn: source
This represents a jump of more than 50 percent in value compared to the $75-billion valuation achieved in September. A secondary share sale sees existing shareholders sell stock to other investors, as opposed to a company issuing new shares. 'We…
Three ways banks can defend themselves against the fintech charter boom
Key insights: A surge in bank charter approvals for fintechs and crypto firms creates new risks for sponsor banks. What's at stake: Regional banks that built business models as fintech sponsors may face a loss to their revenue. Forward look:…
Promising Fintech Stocks To Add to Your Watchlist - July 22nd
Rocket Companies Turns Around, But Mortgage Risk Remains Rocket Companies, UP Fintech, Joint Stock Company Kaspi.kz, IDT, and Wealthfront are the five Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech stocks are…
36% of Global SMB Buyers Plan to Use FinTech Payment Providers
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Goldman Sachs Alternatives to acquire fintech firm Aegis Hedging Solutions
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U.S. Futures Fall, European Stocks Mostly Down
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning…
AI Worries Weighed on Jack Henry (JKHY) in Q2
Upslope Capital Management, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Upslope aims to provide attractive, equity-like returns while reducing market risk and…
How Compliance Requirements Are Driving Infrastructure Modernization
Ivo Bozukov is Global COO at Whizmo, bringing financial services to underserved communities across Africa, the GCC and Latin America. The most powerful catalyst for infrastructure investment is often not a strategic vision; it is a…
Prediction: SoFi Won't Stay This Low Forever. Here's Why It Is Due For a Rebound.
Last year, SoFi Technologies (SOFI -3.20%) looked as if it had finally turned a corner. The fintech company's shares rallied by 70% in 2025, but most of those gains have evaporated amid a 34% year-to-date decline. However, this drop came amid…
Launch Africa Ventures records first investor payouts
Zachariah George and Janade du Plessis, co-founders of Launch Africa Ventures. (Image by Launch Africa Ventures) Pan-African venture capital firm Launch Africa Ventures says it has returned cash to investors for the first time, demonstrating that…
This Time Is Different: Why AI Is Unlike Any Wave I Have Seen In 40 Years Of Financial Services
I have spent more than 40 years in financial services, and I have learned to be skeptical of people heralding the word “revolution.” Branchless banking was going to end the branch. The blockchain was going to disintermediate the whole…
GSK Gets U.S. Approval for Jideytro for Certain Lung Cancers
GSK said its Jideytro treatment has been approved by the U.S. Food and Drug Administration, making it the U.K. drug maker's first approved medicine in lung cancer. Jideytro, or zidesamtinib, is a selective inhibitor for some adult patients with…
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