Elon Musk's X, formerly known as Twitter, has announced a significant partnership with Visa to launch X Money, a peer-to-peer digital payment platform expected later this year. This strategic move aims to compete with established services such as Venmo and Zelle. With Visa Direct powering the
In the bustling fintech landscape, massive funding rounds have become a common occurrence, reflecting the sector's rapid growth and relentless innovation. January 2025 witnessed some significant investments, which underscored the growing confidence investors have in fintech companies and their
Cushion, a fintech startup based in San Francisco, has announced its closure at the end of 2024 after eight years of operation. Founded in late 2016, Cushion aimed to revolutionize the management of bank fees through its innovative consumer app. Despite raising over $20 million in funding and
HSBC, one of the largest banking institutions globally, is undergoing a significant retrenchment from its investment banking operations, particularly in Europe and the Americas. This strategic move marks its most considerable withdrawal from the sector in decades, reflecting a broader trend of
Formance, a French fintech startup, has recently captured significant attention by raising $21 million in a Series A funding round. The funding was co-led by PayPal Ventures and Portage, with participation from existing investors Y Combinator, Hoxton Ventures, and Axeleo. Formance aims to simplify
The ASX 200 index experienced a significant climb recently, driven by a softer-than-expected fourth-quarter consumer price index (CPI) reading. By 2:00 PM AEDT, the ASX 200 had surged 0.89%, reaching a seven-week high of 8481.6. This rise reflects the growing optimism in the market surrounding
