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UiPath rose 23% in the company’s stock market debut on Wednesday after the software vendor and its investors reeled in $1.34 billion in the company’s IPO. The shares closed at $69. The company, whose software helps businesses automate repetitive tasks, sold shares Tuesday night at $56 apiece, above its expected price range of $52 to $54. At …

UiPath climbs 23% in stock market debut after one of largest US software IPOs in history Read More »

LONDON — Revolut, an online banking start-up based in the U.K., is planning an expansion into India. The London-based company announced Thursday that it had tapped Paroma Chatterjee, a former executive for Indian start-ups Flipkart, Via.com and Lendingkart, to lead its operations in the country. Revolut will invest about $25 million into the Indian market …

Revolut, Europe’s $5.5 billion digital bank, is expanding into India Read More »

Brazil’s Nubank is in talks to go public on the U.S. stock market via an initial public offering (IPO), Reuters reported, citing people familiar with the matter. The digital bank is coordinating with advisers in New York, but further details, such as when the IPO would happen, are unclear, according to Reuters. “We will probably do …

Brazil’s Digital Bank Nubank In Talks To Go Public In US Read More »

DBS, J.P. Morgan and Temasek announced today (April 28) its plans to develop an open industry platform for payments, trade and foreign exchange settlement through a newly-established technology firm. DBS, J.P. Morgan and Temasek announced today (April 28) its plans to develop an open industry platform for payments, trade and foreign exchange settlement through a newly-established technology firm. Called …

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SAP is to set up a dedicated financial services unit in a joint venture with investment firm Dediq that will see the ERP vendor develop a new suite of products covering the full spectrum of commercial banking and insurance operations.Both SAP and Dediq will provide the new FSI Unit with the funding, technology, and development …

SAP sets up dedicated financial services unit Read More »

In brief Brokerage app Robinhood said 9.5 million of its customers traded crypto in Q1 of 2021. A historic crypto market bull run and the recent GameStop short squeeze may have had something to do with it. The online brokerage service Robinhood said on Thursday that 9.5 million of its customers traded cryptocurrency on its platform in …

Robinhood Says 9.5 Million People Traded Crypto on Its App in Q1 Read More »

Buy Now, Pay Later (BNPL) firm Afterpay has teamed up with payments platform Adyen to offer its installment payments to retailers around the world, according to a press release Thursday (April 8). Adyen merchants can now offer Afterpay’s pay-in-four installment service to customers in the United States, the U.K., Canada, Australia and New Zealand. British footwear brand Hunter is the first …

Afterpay, Adyen Team On Installment Payments Read More »

ensionBee is looking to raise £55m in its upcoming Initial Public Offering (IPO), implying a  £346m valuation, according to a statement from the company. In the 12 months up until 31 March 2021, PensionBee has seen assets swell 123 per cent year on year to £1.65bn. Its active customer base meanwhile(those using the service or in the process of …

With its plans to float on the London Stock Exchange now quickly crystalising, PensionBee says at 12,000 of its customers have signed up to take part. Read More »

LONDON — Financial technology start-up Plaid plans to more than double its European workforce this year, even after scrapping a deal to be acquired by Visa amid U.S. antitrust concerns. The company looks to be taking news of the $5.3 billion merger agreement falling apart in its stride, hoping to capitalize on a shift toward online banking services in the wake …

Silicon Valley start-up Plaid plans European hiring spree despite Visa deal falling apart Read More »