Tag Archives: Business News

Fintech startups across the globe are making massive inroads in the global payments industry. As per the Accenture report titled Banking Pulse Survey: Two Ways To Win, non-banking financial startups will eat 15% share in global payments revenue by 2025. As per the estimates and the growth projections, this share translates to a massive $280 billion.As per the report, the global payments revenue is expected to grow at an annual rate of 5.5%. In 2019 itself, the global payments market is...

The cryptocurrency market is purported to be a break from the traditional markets, especially because of its decentralization. There is also the fact that global financial policies or unfavorable financial climate, which heavily affects traditional financial assets, do not have the same effects on the digital currency markets. However, even with all the dissimilarities, popular Wall Street strategist Tom Lee has drawn a parallel between the traditional stock market and the cryptocurrency...

Northmill is a Sweden-based fintech company, which, up until now, has been offering cloud-based financial services under the slogan “building the bank of tomorrow.” Since 2017 the company has been working closely with the SFSA to become a fully regulated bank. While some might think that such a rival newcomer can’t do a thing to industry giants like Revolut and N26, Northmill currently offers a consumer-focused product that could lure in potential clients from its competitors.The company...

It seems that this year will be a boom period for Apple Inc. as both high end and low-end spectrums of its phones are having a great reception albeit in two different continents and markets. Feelers coming in from Apples’ preorders in China indicate that the iPhone 11 might just become just the device that Apple needs to drive sales this year. The Chinese market has already chosen the iPhone 11 as the most popular Apple product this year.Natural Attraction or Business Gimmick?Usually, the...

Internet entrepreneur who is also the co-founder and CEO of Twitter, and the founder and CEO of Square, a mobile payments company Jack Dorsey decided to have his company’s Square Inc. trade Bitcoin on their popular Cash App. Soon, they could include the possibility to buy and sell stocks as well.According to the company, they are now testing out their Cash App feature which point is to license users to make their free stock trades. And while the exact date of its launch is still not have been...

Online dentistry company SmileDirectClub shares fell by huge 28% yesterday and it was pretty much the worst market debut for one unicorn start-up so far this year.The company’s shares closed at $16.67 after they have opened at $20.55. SmileDirectClub classifies as the fifth-worst debut of the 109 companies that went public this year. Just for comparison, shares of Uber, another unicorn or start-up valued at $1 billion or more went down by 7.6% on that stock’s first day on the public...

On September 12, Spotify announced that it has acquired SoundBetter Music-Production Marketplace. Through that acquisition, the company has increased its suite of tools for music artists aiming to diversify itself. The company seeks to invest away from the model founded on paying music streaming royalties to labels.SoundBetter, founded in 2012, is a Brooklyn-based audio production that also doubles up as a collaboration marketplace. It caters to mixing engineers, mastering engineers,...

Photo: ShutterstockVoyage, a startup in the business of autonomous vehicles has just announced that it successfully raised $31 million in a recently concluded series B funding round. The round was led by Franklin Templeton but with other players like Chevron Technology Ventures, Khosla Ventures and Jaguar Land Rover’s InMotion Ventures were also in participation.Voyage was birthed out of education start-up Udacity, based in Silicon Valley back in 2017. The company quickly joined the long...

Photo: Peloton / TwitterMaker of stationary bikes Peloton finally revealed some more info of the company’s plan to go public. The fitness startup famous for their on-demand workout programs on exercise bikes, announced they are planning to raise $1.33 billion in an initial public offering (IPO).Peloton filed to become a public company in August and now, according to a Securities and Exchange Commission filing, they plan to offer 46 million shares at a price range between $26 and $29 per...

As part of an email sent to customers recently, Google has now announced that it will be closing down its online shopping platform, Google Express, sometime in the next few weeks. The functions available on the platform will now be on-boarded with a new version dubbed Google Shopping.Back in May, the company announced a new and redesigned Google Shopping platform which will include a universal shopping cart of sorts, embedded with the company’s other offerings including Images, Search and...