Fintech

Shares in Kakao Pay, the fintech unit of South Korea’s largest messaging app operator Kakao Corp, closed up 114% in its market debut on Wednesday.  The Ant Financial-backed company ended day one of trading at $163.3 (193,000 won), securing a market capitalization of $21.2 billion.  Kakao Pay’s shares surged as high as $194.6 (230,000 won)...

Buy now, pay later titan Klarna announced Tuesday it had closed on a deal to acquire the price comparison platform PriceRunner.

The Sandbox, a Hong Kong-based blockchain gaming platform owned by Animoca Brands, has raised more than $90 million in a funding round led by SoftBank Group.

The White House's latest budget proposal slashes funding for a program that would allow the Small Business Administration to make direct 7(a) loans. Lenders say the idea is still misguided.

The establishment of the Office of Minority and Community Development Banking comes less than two months after the agency created an investment fund to match private investors with minority-owned banks and community development financial institutions.

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time virtual payment software and services, has teamed up with Affirm, the payment network that 'empowers consumers and helps merchants drive growth.' As mentioned in a release, U.S. merchants using ACI Secure eCommerce are now able to

The hype and excitement surrounding DeFi’s impact on finance and financial technology at Money 20/20 stands in stark juxtaposition to the caution raised by the President's Working Group on Financial Markets.

“This partnership allows us to continue building our suite of carrier-first tools and offer the small carriers on our platform — the mom and pop shops and new authority carriers just starting their businesses — the opportunity to take advantage of lightning-fast payments, fuel discounts, and other...

The digital money, called Squid, began trading last week for a penny. It soared spectacularly, before the money vanished.

Western Union Company touted its upcoming Germany and Romania digital banking pilot in its third quarter earnings results. The bank should launch this year.