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Mollie Is Latest Tech Startup To Attain Unicorn Status

PYMNTS

Dutch FinTech Mollie has just closed on $100 million in new financing, as the startup looks to expand internationally and pump additional money into product development and engineering. Founded in 2004 by Mol, an engineer, while he was living in his parents’ house, the company expects to process more than $11.7

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Report: Alibaba’s Ant Group Plans Hong Kong IPO At $200B+

PYMNTS

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . The Alibaba affiliate decided its name was due for an overhaul as the big FinTech began attracting growing scrutiny from China’s financial watchdogs.

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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

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Is Shopify a Fintech player now?

Lars Markull

You have probably read somewhere that Shopify is now becoming a FinTech company due to the launch of a couple of new products. A few years ago it was quite easy to identity Fintech players but the lines are getting blurry. And now coming to the most crucial Fintech announcement by Shopify: Shopify announced their own bank account.

Fintech 75
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Tencent Net Income Rises Despite Slow Sales, Economy In China

PYMNTS

Tencent, China’s popular online and entertainment company, saw its slowest sales growth since it went public in 2004, as it battled a sputtering economy and tried to revitalize a gaming division that’s seen some setbacks, according to a report by Bloomberg. Tencent’s 17 percent rise in net income came out to about 27.21

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Is Shopify a Fintech player now?

Lars Markull

You have probably read somewhere that Shopify is now becoming a FinTech company due to the launch of a couple of new products. A few years ago it was quite easy to identity Fintech players but the lines are getting blurry. And now coming to the most crucial Fintech announcement by Shopify: Shopify announced their own bank account.

Fintech 40