Pipe cofounder and CEO Harry Hurst made the surprise decision to resign less than four years after starting the company. Pipe Three cofounders of fintech lending startup Pipe, valued at $2 billion in a funding round last year, are stepping down from the Miami company. The departing executives include co-CEO Harry Hurst, 33; co-CEO Josh… More
Ramp Cofounders Karim Atiyeh (left) and Eric Glyman (right) founded the corporate credit card startup just three years ago and launched it right as the pandemic started to spread across America.Ramp and Romina Hendlin Three-year-old fintech Ramp is the latest startup aiming to cash in on the buy now pay later boom—adding a similar service… More
Topline Shares of Hong Kong fintech firm AMTD Digital continued to plunge on Thursday, crashing for a second day in a row after rising more than 21,000% since its July IPO, with experts calling it a new meme stock and warning investors to stay away from the stock as its valuation looks like “an absolute… More
Oracle of Delphi: Ancient text carved in stone at the sacred archaeological site at Delphi, Greece getty Over the past 18 months, decentralized finance (defi) has become a thriving alternative to the legacy banking system – an open, trustless sector whose near $200bn valuation rivals the GDP of many nation states. If ranked on this… More
Indonesia will be a key battleground for Southeast Asian tech platforms and digital banks. getty Much of the digital banking conversation in Asia thus far has centered on Hong Kong and Singapore. They have been the most proactive in the region about establishing digital banks and their importance as financial centers means that neobanks in… More
The SEC approved NYSE initiative to allow for primary direct listings        Photo by: STRF/STAR MAX/IPx 2020 12/7/20 The New York Stock Exchange gets into the holiday spirit … [+] with Christmas lights and decorations. Wall Street looks to finish off a strong year with record highs. STRF/STAR MAX/IPx One thing is clear: Bill Gurley is surely… More
Apple CEO Tim Cook (Photo by Justin Sullivan/Getty Images) Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK Without any fanfare, Apple has launched a web portal to take applications for its credit card, the Apple Card. Prospective cardholders can use the site to determine if they’ll be approved (with no impact to their credit score)… More
If all goes as planned the New York Stock Exchange could soon be listing $350 million worth of … [+] securities for a public company launched by RIbbit Capital’s founder, one of the earliest investors in bitcoin. Getty Images The founder of early bitcoin venture capital firm Ribbit Capital has filed for a massive $350… More
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