News

February 2020

Why Visa And Mastercard Are Today’s Most Exciting FinTech Innovators

In the world of the platform economy, the big get bigger. It’s the winner who takes all. That’s why investors were all turning their attention last Thursday as Visa announced its quarterly earnings. Processing some $3 trillion in transactions the last quarter, Visa has been the largest U.S. card network, vying with Mastercard for the top...

January 2020

Visa to Acquire Plaid

Call it an expansion of the Visa network-of-networks model. Visa said it will buy Plaid — which focuses on the development of application programming interfaces (APIs) that allow consumers to share their data with thousands of apps — for $5.3 billion. On a conference call with investors following the announcement, Visa CEO Al Kelly said that “Plaid opens up...

Uber completes $3.1 billion deal to buy Dubai’s Careem

Both ride-hailing services will continue to operate independently across the Middle East. Careem operates in 120 cities across 15 countries in the region. The Dubai ride-hailing company retains operational and brand independence even as it becomes a wholly-owned subsidiary of the American firm. Careem co-founder Mudassir Sheikha also remains chief executive. Its board will be made...

N26 Racks up a Quarter of a Million US Customers in First Six Months

Berlin-based banking startup N26 claims to have recruited 250,000 new customers in the US, just six months after opening its doors Stateside. The digital banking app now now boasts five million customers, a significant increase from its 3.5 million users last summer, with European markets proving the most fertile region for growth. With the US launch,...