Amazon, Meta join fight to end Google Pay, PhonePe dominance in India

PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.

AI partner for financial advisers Marloo closes $10M seed round

London-based Marloo, an AI partner for financial advisers,has raised $10 million in a seed funding round led by Blackbird Ventures, whichalso participated in the company’s earlier pre-seed round. The …

Revolut to open store in Barcelona, marking first move into physical retail

Revolut is to open a retail store in Barcelona, marking its first move into retail bricks and mortar. Called Revolut Store, it will be located in the heart of Barcelona and has been likened to the App…

Tapaya raises €1M pre-seed to power payments on any device

Prague-basedpayments infrastructure startup Tapaya has raised €1 million in a pre-seedfunding round led by Passion Capital, with co-lead participation from Depo Ventures and follow-on investment from …

For Bitcoin Holders, Aven’s New Credit Card Offers 7.99% Interest Rate

How to generate excitement and demand for a new credit card? A big Silicon Valley fintech is leaning into crypto.

Steve Ballmer blasts founder he backed who pleaded guilty to fraud: ‘I was duped and feel silly’

Steve Ballmer wrote a fiery letter in the sentencing of disgraced founder Joseph Sanberg documenting all the harm that’s befalling him as an investor.

Tim Cook is stepping down. What happens to Apple now?

Tim Cook plans to step down from his CEO role in September, handing the reins to hardware chief John Ternus.   Ternus may be inheriting one of the most durable businesses in tech, but he’s also stepping into a very different ecosyst…

Sofia-based Quillon raises $1.5M for audit-grade AI in accounting

Quillon, an AI platform for technical accountingand financial reporting, today announced the close of $1.5 million in pre-seedfunding and its rebrand from Acclara AI. The round was led by 42CAP, withp…

Salmon raises $100M in equity and debt to bring digital credit to underbanked Filipinos

Salmon is targeting underbanked Filipinos, with little to no credit history, as well as people unhappy with the incumbent lenders’ reliability issues.

Starling no plans to enter “massively overserved” US retail banking market

Starling Bank has no plans to enter the “massively overserved” US retail banking market, but will focus its US expansion on its business-to-business offering instead, says its chief financial officer….