2021-12-18
Fairly sure all the big names were ready for this and have plans for how to react in place. ‘Buy now, pay later’ stocks tumble after U.S. consumer watchdog launches probe https://www.cnbc.com/...
CNN
The CFPB probes buy now, pay later practices of Affirm, Afterpay, PayPal, Klarna, and Zip, citing concerns over customers' debt accumulation and data harvesting
Paul R. La Monica / CNN : Source: Consumer Financial … .
2021-09-13
There's sense in diluting the monopoly Ant has on consumer finances in China, but definitely questions to be asked about where people's data will end up/what it'll be used for. Beijing to break up Ant's Alipay and force creation of separate loans app https://www.ft.com/...
Financial Times
Sources: Beijing wants to break up Ant Group's Alipay, which has over 1B users, and create a separate app for the company's highly profitable loans business
Chinese fintech will turn over user data to new joint venture partly owned by state — Beijing wants to break up Alipay …
2021-07-08
Pretty impressive when you consider it was bootstrapped by the founder to this point. European challenger bank Bunq raises $228 million at $1.9 billion valuation https://techcrunch.com/... via @techcrunch
TechCrunch
Dutch challenger bank Bunq raises $228M Series A led by Pollen Street Capital at a $1.9B valuation; Series A is the largest ever for a European fintech company
Romain Dillet / TechCrunch :
2021-01-21
Refreshing honesty here. Monzo founder Tom Blomfield is departing the challenger bank and says he's ‘struggled’ during the pandemic https://techcrunch.com/... via @techcrunch
TechCrunch
Tom Blomfield, founder and president of UK digital bank Monzo, is leaving the company at the end of Jan., says he's been unhappy since it scaled beyond startup
Steve O'Hear / TechCrunch :
2020-06-16
I don't see this is as negatively as some surely will. A restructured company with restructured plans managed to raise a decent sum amid a recession. Yes Monzo almost certainly had to revise down growth plans, but isn't everyone except Zoom or pharma firms? https://twitter.com/...
Sifted
UK banking startup Monzo raises £60M at a ~£1.25B valuation, a drop of 40%, after it announced 80 layoffs at the beginning of June
Isabel Woodford / Sifted :
2019-08-07
Funding season is well and truly open (unusual at this time of year). Anyway, that's a hell of a valuation, with participation from a big Australian bank who plans to take Klarna down under. Klarna reaches $5.5bn valuation https://www.ft.com/... via @financialtimes
Financial Times
Klarna, which provides e-commerce payment services for merchants and shoppers, raises $460M at a $5.5B valuation ahead of a potential IPO
Richard Milne / Financial Times :