Financial Services

It sweeps deposits and sells installment loans to its partners. But it’s hard to say if the model is sustainable—or transparent.

But the short-term benefits might not be enough to convince consumers it’s worth it.

The firm’s total processing volume increased 54% in the quarter. It plans to double down on embedded finance to sustain growth.

It’s the first feature of its kind in a financial app. But becoming a super app is a competitive race full of challenges.

After reviewing the books, Binance is walking away from its nonbinding agreement to buy crypto exchange FTX.