Goldman Sachs lent $233 million to help it grow its financial services presence in the region.
The terminated deal could not meet regulatory requirements. VyStar’s recent troubles show the hazards that delayed M&As and digital transformation pose to banks’ growth.
Zip said it plans to focus on its core business instead—we look at what it means for both providers.
In 2023, 5.5 million US adults will use cryptocurrency to make payments, a jump of more than 350% in three years. That said, this figure represents a meager 2.3% of US internet users, showing that crypto payments are far from mainstream.
It’s buying a banking license and using its funding to build the tech behind its operations, laying the foundation for a super app.
The UK granted its second fintech banking license in the past month. But we expect Johnson’s resignation will delay fintech development.
Sling helps restaurants manage employee scheduling, internal communications, and payroll—features Toast can use to build out its platform.