Remove 12 raise-one-raise
article thumbnail

FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

Revolut ’s website promises to deliver “All your money needs in one app.” million in 2018 — according to CNBC. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. It now has more than 12 million customers. The company posted a total loss of $139.6

article thumbnail

Higher Rates – Faster for Longer

South State Correspondent

In the last 12 months, the Federal Reserve went from arguing that inflation was a transitory phenomenon to raising interest rates to fight runaway inflation by three percent in just six months. The table below shows the duration and total change in the Fed Funds rate over the last six cycles (the current one is ongoing).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Analyst Insights: Two Banks that Deliver to Shareholders

Jeff For Banks

And this most recent string by bank analyst Perry Weinstein is one of them that I thought should not be lost to a tweet stream. Raised capital in late 2019. Agreed to sell 2 branches in weak markets - 12/2020 5/25 Look how much $CFBK accomplished in just over 4 years. (2/2) In 2018, started its LIHTC lending line.

Columbus 112
article thumbnail

SoftBank-Backed OneConnect Takes A 50 Pct Valuation Hit

PYMNTS

initial public offering (IPO) on Thursday (Dec. 12) by nearly 50 percent, the Financial Times (FT) reported. OneConnect is just one of several Shenzhen-based Ping An Insurance businesses backed by SoftBank. A stock exchange filing on Thursday (Dec. OneConnect raised $650 million at a $7.5

article thumbnail

B2B Payments Firm Modern Treasury Lands $38 Million

PYMNTS

Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. 12) announcement. The company says that over $18.5 However, Modern Treasury says it digitizes every phase of the workflow while its software supplants legacy infrastructure.

Payments 182
article thumbnail

Monzo Bank Valuation To Reach £2bn With US Investment

PYMNTS

digital bank Monzo is set to raise new funds that could double its valuation to £2 billion, making it the second-largest FinTech startup in Britain. This would come a few months after it raised £20 million in a crowdfunding campaign that involved many of its 1.2 Another asked: “How much are Round One investors smiling today?”

US 118
article thumbnail

Accounts Payable AI Company Stampli Raises $25M

PYMNTS

The artificial intelligence-based accounts payable company Stampli has raised $25 million in a Series B funding round, the company announced Wednesday (Oct. So far, the company has raised $32 million. The round was led by SignalFire, and Hillsven Capital, Bloomberg Beta and NextWorld Capital participated in the round.

Company 127