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Pixpay Posts €11M ARR, On Track for Profit, and Germany-Benelux Launches

Pixpay Posts €11M ARR, On Track for Profit, and Germany-Benelux Launches

Hey Digital Banking Fanatic! Pixpay has just passed €11 million in annual recurring revenue and expects to reach €14 million by the end of 2025. With 55% revenue growth in 2024, the company is aiming for monthly profitability this year. Launched in 2019, the France-based neobank offers banking tools designed

Mercado Pago Sparks Talk of a 'Nubank Effect' in Argentina’s Banking Sector

Mercado Pago Sparks Talk of a 'Nubank Effect' in Argentina’s Banking Sector

Hey Digital Banking Fanatic! A few weeks ago, Mercado Pago formally filed its request for a banking license in Argentina. The move didn’t come as a surprise, but it did prompt a round of conversations inside the country’s more traditional financial institutions. Bloomberg Línea followed up with several

LemFi Acquires Pillar to Expand Migrant Credit Access

LemFi Acquires Pillar to Expand Migrant Credit Access

Hey Digital Banking Fanatic! LemFi has acquired UK-based credit card issuer Pillar in a move to expand its credit offering for immigrant communities. The terms of the deal were not disclosed. Founded in 2021 by Opay alumni Ridwan Olalere and Rian Cochran, LemFi began as a remittance platform and now

Chime Soars 59% in Nasdaq Debut, Reigniting FinTech IPO Hopes

Chime Soars 59% in Nasdaq Debut, Reigniting FinTech IPO Hopes

Hey Digital Banking Fanatic! Chime Financial (CHYM.O) surged 59% on its Nasdaq debut, opening at $43 vs. its $27 IPO price, and closing near $39.90, giving the neobank a market cap of $ 18.4 billion. The $864M IPO, one of the most anticipated FinTech listings, marks a return

Vivid Hits 50K Business Clients, Plans Card Acquiring & Treasury Interface

Vivid Hits 50K Business Clients, Plans Card Acquiring & Treasury Interface

Hey Digital Banking Fanatic! Two months ago, I highlighted in my FinTech Newsletter how Vivid Money had been gradually shifting its focus, from serving mostly individual customers to building a business banking platform. In 2022 started with freelancers, then moved into SME accounts last year. At the time, they had

HSBC’s Zing Burned $87.5M in a Year of Operation

HSBC’s Zing Burned $87.5M in a Year of Operation

Hey Digital Banking! Six months after its shutdown, a year and a half after launch, and nearly three years since HSBC began building it, the financial cost of Zing’s time in operation has finally been revealed: $87.5 million. According to newly released registry filings, Zing’s holding company,

Starling Bank’s 'Spending Intelligence' Debuts with Gemini for AI-Driven Insights

Starling Bank’s 'Spending Intelligence' Debuts with Gemini for AI-Driven Insights

Hey Digital Banking Fanatic! Yesterday, I covered a partnership between a centuries-old institution and a millennial payments company. Today, the spotlight shifts to something more recent, a Gen Alpha bank and a still-nascent product from one of the Magnificent Seven. Starling Bank is teaming up with Gemini (of course not