Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back
Walmart-backed PhonePe is discontinuing its Pincode e-commerce app as part of a strategic pivot away from consumer-focused quick-commerce. The decision follows challenges in competing within India’s saturated online retail...
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Fintech firm Marquis alerts dozens of US banks and credit unions of a data breach after ransomware attack
A fintech company named Marquis has informed over 700 U.S. banks and credit unions about a ransomware attack that compromised customer data. The breach, confirmed in August, involved hackers...
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Revolut hits $75B valuation in new capital raise
Revolut secured fresh capital in a share sale that elevates its valuation to $75 billion, solidifying its status as one of Europe’s top private tech firms. The funding round...
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Ramp hits $32B valuation, just 3 months after hitting $22.5B
Ramp, a fintech company, has surged to a $32 billion valuation following a $300 million funding round. This marks a rapid growth trajectory, with the company’s valuation jumping from...
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Sequoia-backed fintech Aspora will let Indian diaspora pay bills back home
Sequoia-backed fintech Aspora is introducing a feature that lets Indian diaspora members pay bills in India directly. Non-resident Indians (NRIs) can now settle utility bills or recharge mobile plans...
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Danish startup Flatpay joins the club of European fintech unicorns to track
Danish fintech startup Flatpay has achieved unicorn status with a $1.75 billion valuation, joining European fintech leaders. The company targets small businesses with a flat-rate model, expanding from 7,000...
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BNPL is expanding fast, and that should worry everyone
BNPL services are growing rapidly, with 91.5 million users in the U.S. and 25% using them for groceries, signaling financial strain. Default rates have surged to 42% in 2025,...
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Pine Labs gets warm market welcome on $440M India IPO despite a valuation trim
Pine Labs, a payment technology company backed by PayPal and Mastercard, successfully launched its $440 million IPO in India, closing the first day of trading 14% higher despite a...
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