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Block Inc

Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

Zilch CEO Phil Belamant. Zilch British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering. In a trading update, Zilch, which competes with the likes of Klarna and Block in the buy now, pay later space, […]

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Temu and Shein’s soaring popularity has Wall Street eyeing China’s influence on tech earnings

Temu and Shein’s soaring popularity has Wall Street eyeing China’s influence on tech earnings

In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods

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Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays

Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays

Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Britain’s new Labour government will soon set out updated plans to regulate the “buy now, pay later” industry, a government spokesperson told CNBC. A Treasury department spokesperson said

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How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts

How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts

Natasha Craft, a 25-year-old FedEx driver from Mishawaka, Indiana. She has been locked out of her Yotta banking account since May 11. Courtesy: Natasha Craft When Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her friends to sign up. The app made saving money fun

How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts Read More »

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