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Klarna Accelerates Global Momentum in Q1 2025 and Unlocks Large Gains from AI Innovation

Klarna, the AI-powered global payments and commerce network, today announced its Q1 2025 results, unveiling consumer milestones, surging market traction, and exceptional returns from its bold AI strategy.

Monday, May 19, 2025 - 16:15
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Financial IT
$TRUMP Token Becomes a True Currency on PDX Beam Payments Platform

PDX Global, a digital payments technology developer for the crypto economy, today announced that PDX Beam—its proprietary crypto-to-cash payments platform for consumers and merchants—now hosts and supports OFFICIAL TRUMP, the $TRUMP token. It is one of the crypto tokens on the Beam platform that can be used for merchant payments and is instantly convertible to cash. 

Monday, May 19, 2025 - 15:41
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/news/cryptocurrencies/trump-token-becomes-true-currency-pdx-beam-payments-platform
Financial IT
Research Reveals 2 in 5 Brits Have Used BNPL Services as Government Unveils New Rules

The popularity of buy now, pay later (BNPL) in the UK shows no signs of slowing down and it continues to attract new users, as 1 in 8 Brits (13%) used BNPL services for the first time in 2024 - an estimated 6.8 million people - according to research from personal finance site Finder. 

Monday, May 19, 2025 - 13:56
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/news/lending/research-reveals-2-5-brits-have-used-bnpl-services-government-unveils-new-rules
Financial IT
Capital One Completes $35.3 Billion Acquisition of Discover, Creating Largest U.S. Credit Card Issuer

Capital One Financial Corporation today announced that it has completed its acquisition of Discover Financial Services.

Monday, May 19, 2025 - 13:45
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/news/payments/capital-one-completes-353-billion-acquisition-discover-creating-largest-us-credit-card
Financial IT
CrediLinq Raises $8.5M Series A to Accelerate B2B Embedded Finance Growth

CrediLinq, the AI-powered embedded finance platform that is revolutionizing access to growth capital for underserved digital-first SMEs globally, announced today the close of its USD $8.5 million Series A funding round. The round was led by OM/VC and MS&AD Ventures. New investors include Citi North America and Rustem Family office.  Returning investors include 500 Global, Epic Angels, 1982 VC and Big Sky Capital.

Monday, May 19, 2025 - 12:02
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/news/fundraising-news/credilinq-raises-85m-series-accelerate-b2b-embedded-finance-growth
Financial IT
Qardy Breaks New Ground as First Egyptian Fintech to Launch Publicly via CPME SPAC

Qardy, Egypt’s pioneering digital lending marketplace, is thrilled to announce that it is set to be acquired by Catalyst Partners Middle East (CPME) through a landmark Special Purpose Acquisition Company (SPAC) acquisition, valued at approximately EGP 1.16 billion (USD 23.15 million). This proposed transaction represents Egypt’s first-ever SPAC acquisition, positioning Qardy to become the nation's inaugural fintech startup to go public via this innovative structure.

Monday, May 19, 2025 - 11:54
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/news/lending/qardy-breaks-new-ground-first-egyptian-fintech-launch-publicly-cpme-spac
Financial IT
Bibby Financial Services Secures £700M Facility to Enhance SME Financing in the UK

International SME financier, Bibby Financial Services (BFS), has renewed its securitisation arrangement for three years, boosting its funding capacity to improve access to finance for UK businesses. 

The refinance deal has been agreed with lenders including Lloyds, HSBC UK Bank PLC, Bayern LB and with participation of funds under the management of Insight Investment. 

Monday, May 19, 2025 - 11:35
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/news/fundraising-news/bibby-financial-services-secures-ps700m-facility-enhance-sme-financing-uk
Financial IT
eToro Partners with Generali to Launch PER and Life Insurance Offer in France

eToro, the trading and investing platform, announces today a partnership with Generali, a major player in the French life insurance market, to offer its users in France a life insurance contract and a PER (Plan d’Épargne Retraite) to its users in France. The announcement follows the opening of eToro’s local subsidiary in France, eToro Patrimoine. 

Monday, May 19, 2025 - 11:09
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/news/insurtech/etoro-partners-generali-launch-and-life-insurance-offer-france
Financial IT
Finastra to Sell Treasury and Capital Markets Division to Apax Funds

Finastra, a global provider of financial software applications, and funds advised by Apax Partners LLP ("Apax"), a leading global private equity advisory firm, today announced that they have entered into an agreement under which Finastra intends to sell its Treasury and Capital Markets ("TCM") business unit to an affiliate of Apax. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business.

Monday, May 19, 2025 - 10:45
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/news/treasury/finastra-sell-treasury-and-capital-markets-division-apax-funds
Financial IT
Over a Third of Global Consumers Use AI to Shop, a 47% Increase on 2024 Numbers Shows Adyen’s Research

 Adyen, the global financial technology platform of choice for leading businesses, today published its 2025 Annual Retail Report  that finds there’s been a 47% surge in people using AI to shop. In a poll of 41,000 consumers across 28 countries, more than one in ten (12%) said they had used AI for the first time over the past 12 months to help them with their shopping experience. And an impressive 55% of people said they would be open to making purchases using AI technology in the future.

Monday, May 19, 2025 - 10:42
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Financial IT

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