Digital bank Revolut has appointed Frédéric Oudéa, former CEO of Societe Generale, as chairman of its newly established Western Europe operation. This new hire underscores Fintech Revolut’s push to challenge traditional brick-and-mortar banks across the region, leveraging Oudéa’s experience in global banking to steer its… Read More
Tagged Business Expansion, digital banking, europe, revolut, valuations
Figure Technology Solutions, a blockchain-powered fintech company specializing in mortgage and lending services, is reportedly gearing up for its initial public offering (IPO) on the Nasdaq. Co-founded by SoFi veteran Mike Cagney, the San Francisco-based firm is aiming to secure a valuation of approximately $4.1… Read More
Tagged figure, figure technology, ipo, nasdaq, us
Robinhood Markets Inc. (NASDAQ:HOOD), alongside AppLovin Corp. and Emcor Group Inc., is set to join the prestigious S&P 500 index, as announced by S&P Dow Jones Indices. This change, effective before the market opens on September 22, 2025, marks a pivotal moment for these companies,… Read More
The Financial Industry Regulatory Authority (FINRA) has launched an investigation into allegations of misconduct by former executives of Synapse Financial Technologies Inc., a now-defunct fintech company whose collapse earlier this year left thousands of customers unable to access their savings. The regulatory scrutiny centers on… Read More
Tagged compliance, enforcement action, finra, synapse, us
Amazon (NASDAQ:AMZN) has finalized its acquisition of Bengaluru-based digital lending startup Axio, formerly known as Capital Float. As reported by local sources, the deal, completed eight months after the signing of a definitive agreement in December 2024, marks one of Amazon’s largest buyouts in India,… Read More
Tagged acquisition, amazon, Axio, online lending
Spinwheel, an agentic AI-powered credit data and payments platform, has received a strategic investment from Citi Ventures. The funding will support Spinwheel’s continued go-to-market growth, expand its agentic AI platform, and build out its data sets and product offerings. In addition, Citi Ventures will advise… Read More
Tagged agentic ai, arvind purushotham, funding round, spinwheel, Tomas Campos
Honeywell (NASDAQ: HON) announced a $600 million equity capital raise for its quantum computing subsidiary, Quantinuum, at a pre-money equity valuation of $10 billion. This funding round, one of the largest in the quantum computing sector to date, underscores the investor confidence in Quantinuum’s mission… Read More
Tagged equity capital, honeywell, quantinuum, quantum computing
Citi Wealth, part of Citigroup (NYSE: C), has announced a partnership with BlackRock (NYSE: BLK) to launch Citi Portfolio Solutions powered by BlackRock, a customized portfolio offering designed to elevate the investment experience for its global clientele. Unveiled this month, this collab reportedly combines Citi’s… Read More
Tagged blackrock, citi, financial services, investments, wealth management
Goldman Sachs (NYSE: GS) and T. Rowe Price announced a strategic collaboration aimed at delivering innovative public-private investment solutions tailored to the unique needs of retirement and wealth investors. This partnership marks a significant step in broadening access to diversified portfolios that combine public and… Read More
Tagged goldman sachs, investments, t. rowe price, wealth management
The Federal Trade Commission (FTC) has recently taken decisive action against deceptive practices in the e-commerce and gig economy sectors, signaling a commitment to protecting consumers and ensuring fair business practices. Three significant cases highlight the agency’s efforts to address violations, ranging from inadequate seller… Read More
Tagged e-commerce, enforcement, federal trade commission, ftc, temu
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