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Plaid’s latest round of funding has reportedly valued the FinTech at $8 billion.
The privately-held company raised the money to give its workers a way to gain liquidity for their share, Bloomberg News reported Thursday (Feb. 26), citing sources familiar with the matter. The report added that the exact amount raised in the round was not immediately clear.
Founded in 2013 and best known...
Consensys made its cryptocurrency card, MetaMask Card, generally available in the United States, enabling users to pay with crypto anywhere Mastercard is accepted, online or in-store.
The card is fully self-custodial, so users maintain control of their digital assets in their MetaMask wallet until they pay, the company said in a Thursday (Feb. 26) press release. It also offers up to 1...
Amazon’s proposed $50 billion investment in OpenAI reportedly has some conditions attached.
As The Information reported Wednesday (Feb. 25), sources in contact with OpenAI executives say the decision to invest could depend on whether the artificial intelligence (AI) startup goes public, or if it achieves “artificial general intelligence (AGI),” a term for AI that functions at the same...
Labor marketplace WorkWhile has named a new CEO as it expands into “worker-focused” financial services.
Simon Khalaf, former chief executive of Marqeta and a longtime WorkWhile board member, will now lead the company, WorkWhile announced Wednesday (Feb. 25).
Co-founder Jarah Euston will become company president and chief operating officer, focused on scaling operations and accelerating...
The prescription experience has started to resemble other parts of digital commerce: shoppers want clear pricing, fewer handoffs and a quicker path from decision to fulfillment.
That push toward self-service framed GoodRx’s fourth-quarter earnings discussion Thursday (Feb. 26), where executives described a platform seeking to match consumers’ growing expectation that healthcare,...
Importers in the United States are anticipating favorable deals as they negotiate their ocean shipping contracts for 2026, The Wall Street Journal reported Thursday (Feb. 26).
Shipping specialists said supply is exceeding demand when it comes to container space, causing importers to lobby for 10% to 15% reductions to their contract rates, according to the report.
Early 2026 cargo...
Apple is reportedly talking with banks and card networks to launch Apple Pay in India.
The company is holding discussions with Indian lenders ICICI Bank, HDFC Bank and Axis Bank with plans to introduce its digital wallet in the world’s most populous country in the middle of the year, Bloomberg News reported Thursday (Feb. 26), citing sources familiar with the matter.
In addition, Apple...
In March 2020, government officials and epidemiologists were telling Americans to brace for a two-month shutdown. PYMNTS Intelligence went into the field and asked 1,923 consumers directly what they thought. They said five months. In May 2020, the experts said recovery would come by fall. Consumers said February 2021. In December 2020, when officials were projecting a return to...
Here is the question nobody in polite payments circles wants to ask out loud: Do the card networks need stablecoins—or do stablecoins need the card networks?
It sounds almost impertinent. Stablecoins were supposed to be the insurgents. Peer-to-peer. Borderless. Frictionless. The whole point was to route around the Mastercards of the world. To build a payments layer that didn’t require...
From Amazon to dentist offices to Uber, companies that aren’t banks are the new face of financial services. Embedded finance offers credit, buy now, pay later, card installment plans, payments and insurance for everything from Prada handbags and veneers to Uber driver wages. With three parties in that marriage, banks, FinTechs and nonbank companies, who’s on the hook when something goes wrong...