For the most recent details about the financial market, technology used in finance, and much more, iTMunch is your up-to-the-minute source. Keep reading iTMunch for the latest finance news!
BNPL giant Klarna launches its physical card in the United Kingdom
Buy Now Pay Later titan Klarna has announced that it will be launching an all-new physical card in the United Kingdom that allows users to, quite literally, show now and pay later at physical and online stores. The Swedish financial technology company is said that...
Chime’s $40 Billion IPO: Goldman Sachs at the Helm
Chime Financial, Inc., a US-based fintech company, has invited Goldman Sachs to help it become ready for an Initial Public Offering (IPO) that might value the online banking titan up to $40 billion. Goldman Sachs was chosen by Chime after interviewing multiple high-potential investment banks...
Mastercard Introduces Track Instant Pay for Swift B2B Transactions
Introduction United States-based multinational financial services organization, Mastercard has launched a virtual card that uses the power of machine learning and “straight-through processing” for instant supplier invoice payments. The financial services company said that slow, inefficient payment processes continually hamper businesses, hit the cash flow...
Fintech giant Plaid acquires Cognito for $250 million
Plaid, a financial technology giant that’s known for its API, has announced that it’ll be acquiring Cognito for about $250 million. The transaction will happen in a combination of stocks and cash. Cognito provides identity verification and compliance service with the help of groundbreaking tech...
iCapital Network bags $50 million in its latest funding round
FinTech platform company iCapital Network announced that it has grabbed over $50 million in its latest funding round. The funding round for iCapital Network was led by WestCap and included participation from venture capital firms Temasek and Apollo Global Management. Headquartered in New York, iCapital...
7 Important Points to Remember While Starting Your Career in Fintech
Over the past decade, financial technology (FinTech) has emerged as one of the most exciting industries in the world. Modern businesses of all sizes depend on different technologies to go carry out their financial transactions and activities. Most recently, machine learning and blockchain are penetrating...
Bitcoin Mining – Is it worth it & will it be profitable in 2022?
The process of earning new Bitcoins in exchange for solving complex mathematical puzzles and operating the verification process for Bitcoin transaction validation is known as Bitcoin mining. The transactions provide reliability and security for the network of Bitcoin. This in turn rewards miners by compensating...
Fintech giant Revolut plans on building its own cryptocurrency exchange
Financial technology company Revolut has begun hiring employees for its cryptocurrency exchange. A LinkedIn post by the company confirmed that Revolut is looking for a Technical Lead for architecting its crypto exchange with its 7 years of experience in creating order matching engines. The crypto...
FinTech Brex gains ‘decacorn’ status after raising $300 million
Financial technology company Brex has successfully raised about $300 million in a capital raise round. The news hasn’t been made public as of October 22. But according to the sources, a term sheet has already been signed. The latest round of funding has turned Brex...
How does crypto mining work and is it legal?
In 2020, the global crypto market was valued at US$ 1.49 billion and is expected to touch US$ 4.94 billion by the year 2030 at a CAGR of 12.8% [1]. The first cryptocurrency (Bitcoin) came into light and was mined in 2009. And today, cryptocurrencies...
