Bench, the accounting startup founded in 2012, which had managed to secure a remarkable $113 million in investments from prominent backers such as Shopify and Bain Capital Ventures, surprisingly declared bankruptcy despite holding $2.8 million in cash. The apparent inability to manage their
Quantum computing is on the brink of revolutionizing various sectors, with financial technology (fintech) being one of the most promising areas of impact. This emerging technology leverages principles from quantum mechanics to solve complex problems and process massive amounts of data more
The global fintech sector has recently seen significant funding rounds, raising over US$165 million across three continents. This influx of capital targets sectors such as digital asset banking, cross-border payments, and healthcare administration, indicating a potential boost in investor
The recent $70-million CAD Series B funding round secured by the Toronto-based startup Float marks a significant milestone in its ambitious growth and innovation strategy. Led by Goldman Sachs Growth Equity, with crucial contributions from OMERS Ventures, FJ Labs, Teralys, and Garage Capital, the
Klarna, a Swedish fintech company renowned for its Buy Now, Pay Later (BNPL) service, has recently entered into a significant distribution partnership with Stripe, a leading fintech firm based in San Francisco. This collaboration is poised to expand Klarna’s BNPL service to merchants using Stripe's
With the rapid advancement of digital payment systems and new fintech solutions continually emerging, investors are always on the lookout for promising investment opportunities that leverage these technologies. PayPal (NASDAQ: PYPL), a fintech giant that has consistently held a strong market
