Klarna reports $1bn annual loss
Klarna has reportedly suffered its biggest annual loss totalling $1bn, but its company is certain it is on track to return to profitability.
UK FinTech giant Revolut records first full year of profitability
UK FinTech giant Revolut has recorded its first full year of profitability, after it generated £100.3m adjusted EBITDA and £26.3m in profit for 2021.
Octane completes $406.9m securitisation
Octane, which claims to be revolutionising the buying experience for recreational purchases, has closed a $406.9m securitisation collateralised by its fixed-rate instalment powersports loans.
Payments intelligence platform Pagos inks $34m
Pagos, a payments intelligence company, has scored $34m in a Series A funding round headed by Arbor Ventures.
BNPL giant Klarna to launch late fees in UK
BNPL giant Klarna will reportedly start charging customers for any late payments in the UK, in hopes to curb loan defaults.
Spade collects $5m to clean transaction data
Spade, which is improving transaction data to improve finance, has secured $5m in its seed funding round.
Green Check Verified nabs $6m to further bridge cannabis and finance
Green Check Verified, a FinTech platform for the legal cannabis sector, has closed its Series A funding round on $6m.
BNPL giant Klarna makes it big in the US
After a troubled start, BNPL giant Klarna has experienced strong momentum in the US market, with a 71% year-over-year growth in GMV and improved credit loss rates by 37%.
5 essential steps to secure digital payments
As digital payments continue to take the world by storm, Flagright has outlined the five essential steps FinTechs and neobanks can take to secure their digital payments.
Stripe launches Enhanced Issuer Network to combat fraud
FinTech giant Stripe has launched Enhanced Issuer Network, a set of partnerships with major US card issuers, with the aim of reducing fraud.
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