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Cyber Security
Independent · Digital
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Klarna’s and Affirm’s very good week

Welcome back to The Interchange , where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head a big boost as a result, climbing as high as $27.16 on…

CBy Christine NealNov 13, 20232 min read

Welcome back to  The Interchange , where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head  a big boost as a result, climbing as high as $27.16 on November 9. It lost some of those gains on November 10, though, and was trading just over $22 that afternoon.

Meanwhile, Klarna loss a year ago. (All currency conversions use current SEK-USD values.)

Both companies reported less delinquencies, meaning that they lost less money on people who did not make payments. It’s good news for both companies, and the space itself.

Speaking of Klarna, Alex and I teamed up to report on Klarna’s confirmation that it was moving toward an initial public offering. We went into what will happen next, and what could happen if IPOs are successful methods of raising capital again. .

Mary Ann and Alex Wilhelm devoted some Equity time discussing encouraging signs they were seeing within the fintech industry. They touched on some , of which we spotted Simon Taylor’s take on X.

And now speaking of earnings, Klarna and Affirm were not the only ones with good news in the third quarter:

Meanwhile, good credit is not easy to come by, which is why some fintech companies have focused on setting children and teenagers up to succeed in this area. For example, in August, Greenlight launched its on its savings account, and Step Black holders will also get that rate up to $1 million FDIC-insured. — Christine

Welcome back to The Interchange , where we take a look at the hottest fintech news of the previous week.
Christine Neal · Thehackingpost

CFPB proposes oversight of Big Tech digital wallets

Banks look to fintechs to stave off threat from Big TechÂÂ

Arc debuts international treasury product

Visa launches global AI advisory practice focused on generative systems

Belvo introduces bank debit service for Mexican businesses

Bluevine rolls out high-yield interest rate for SMBs

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PayByPhone has been acquired by Fleetcor , and it was

Holdings denies report on deal to acquire Melio

Andreessen Horowitz co-leads $60 Million AI fintech investment

Valor Capital eyes $500M for two new funds

Singapore-based fintech LXA lands $10M in latest funding round

Based on reporting by techcrunch.com.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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