Latest News Hot off the Press

July 22, 2019

A German smartphone bank backed by billionaires Peter Thiel and Li Ka-shing has raised new funds at a valuation of $3.5 billion, making the company one of Europe’s highest valued non-listed fintech firms.

N26 GmbH extended its Series D funding round by $170 million to a total $470 million, the Berlin-based company said on Thursday. The round was originally announced in January at a valuation of $2.7...

July 15, 2019

In May 1980, Chinese leader Deng Xiaoping proclaimed coastal Shenzhen his nation’s first special economic zone, open to foreign investment and international trade. Halfway around the globe, Silicon Valley was just then becoming a household name. Apple IIs sprouted on desktops and American living rooms were filled with kids playing Space Invaders on their Atari 2600s. The biggest overseas threat to...

July 8, 2019

They didn’t complete a single year of college, but Henrique Dubugras, 23, and Pedro Franceschi, 22, have already amassed a veteran’s share of Silicon Valley experience. Now they have the net worth to match.

They are the founders and top executives of Brex Inc. a fintech startup recently valued at $2.6 billion, with an unlikely origin story. Dubugras was just 14 when he built his first company, the m...

July 1, 2019

Fintech is opening floodgates of opportunity for ambitious startups that previously had no hopes of overcoming barriers to entry in the finance field. With the desire to innovate and succeed, however, gutsy startups are now promoting financial literacy and reaching previously underserved groups with brand-new retail banking and investment services.

The underdogs have enjoyed so much success, that le...

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Money20/20: personalisation, fintech and UN climate change

January 6, 2020

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