Core Insights - ElevenLabs has raised $500 million at an $11 billion valuation, significantly increasing from its previous valuation of $3.3 billion after a $180 million Series C round in January 2025 [1] - The funding round was led by Sequoia Capital, with participation from existing investors like Andreessen Horowitz and Iconiq, as well as new investors including Lightspeed Venture Partners, Evantic Capital, and Bond [1] Company Overview - Founded in 2022, ElevenLabs is a London-based AI startup that initially focused on AI text-to-speech models and has since expanded into speech-to-text, sound effects, dubbing, music, and conversation [2] - The company provides products that enable enterprises to deploy voice and chat agents, along with a platform for brands and creators to generate and localize audio, with notable clients including Time and Nvidia [2] Financial Performance - ElevenLabs reported over $330 million in annual recurring revenue for 2025, driven by enterprise adoption from companies such as Deutsche Telekom and Revolut [3] - The recent funding is aimed at enhancing the company's capabilities beyond voice technology, with aspirations for an IPO [3] Future Plans - The company intends to broaden its offerings to creators, allowing businesses to develop agents that can talk, type, and take action [4] - ElevenLabs plans to continue its international expansion, with offices in Europe, Brazil, Mexico, India, South Korea, Japan, and the U.S. [4]

Core Viewpoint - PayPal's shares dropped nearly 20% following disappointing Q4 earnings and guidance indicating ongoing weakness through 2026 [1] Financial Performance - PayPal's stock is trading over 30% below its year-to-date high [2] - The company's branded payment solutions experienced a total volume growth deceleration to just 1% in Q4 [6] Market Position and Competition - PayPal is losing market share to competitors such as Wise, Revolut, Stripe, Adyen, and Payoneer, with its bottom line expected to remain flat this year compared to a consensus growth expectation of about 8% [5] - The company is viewed as a potential value trap, with a forward earnings multiple of about 9x, but faces significant structural challenges [5][8] Management Changes - PayPal announced the appointment of Enrique Lores as the new CEO, effective March 1, indicating a reset after the previous CEO's strategy failed to gain traction [7] - The transition suggests another challenging year for shareholders, with hopes for recovery pushed to 2027 [7] Analyst Sentiment - Prior to the earnings report, Wall Street firms rated PayPal a "Hold" with a mean target of $72, but downward revisions to estimates are expected following the disappointing results [10]

Institutional integrations expanded across consumer and trading infrastructure:▪️Revolut: TRX staking and remittances for 65M+ users▪️Kalshi: TRX and USDT support for prediction markets▪️Base: TRX bridged via LayerZero into Coinbase's L2▪️Ledger Live: Native TRX storage and staking ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Companies like Stripe and Affirm Holdings, which have applied for federal and state banking charters in recent months, are looking for greater control and greater flexibility, in addition to cost savings, according to analysts and consultants who follow the payments industry.  Other companies pursuing state and federal charters include PayPal, Revolut, Fiserv and ...

Core Insights - Revolut has abandoned its plans to acquire a US lender, reflecting a broader trend among European neobanks aiming to establish a presence in the US fintech market [1] - The decision is part of a strategic shift as Revolut and other neobanks reconsider their expansion strategies in light of regulatory changes in the US [3][4] Group 1: Expansion Strategies - Revolut had considered acquiring a nationally chartered bank to bypass lengthy licensing processes, which would have provided immediate access to a regulated US banking operation [2] - The US market is appealing due to its deep fintech investment pool, high consumer adoption, and significant revenue potential [5] - Other neobanks, such as Monzo and bunq, are also exploring new applications for US banking licenses, indicating a collective interest in the market [3] Group 2: Regulatory Environment - The US administration's deregulatory push is expected to streamline the application process for UK banking licenses, which is crucial for market entry [3] - The licensing process remains complex and can take years, with stringent compliance requirements and limited updates from regulators [4] - The path to obtaining a US license is characterized by regulatory challenges and the need for strategic patience [4] Group 3: Market Opportunities - Entering the US market allows neobanks to scale technologies, attract new capital, and enhance their global brand reputation [6] - A successful entry into the US market positions these companies favorably for potential IPOs on major exchanges like the NYSE [6] - The opportunity to refine revenue-driven financial offerings is critical for sustaining growth without relying solely on new market entries [6] Group 4: Geopolitical Considerations - The international integration of economies and supply chains exposes companies to market volatility driven by political and economic events [7] - The engagement of tech companies and financial institutions in government discourse reflects the importance of navigating geopolitical dynamics [7]

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A previous residency filing suggested that Nikolay Storonsky had moved to the UAE - Adrian Dennis/AFP via Getty Images The billionaire founder of Revolut has switched his residency back to Britain after appearing to have moved to Dubai. Nikolay Storonsky’s family office has filed new corporate records to disclose that he is a resident in the UK, not the United Arab Emirates (UAE), as an earlier document had stated. The previous filing, published in October and suggesting that Mr Storonsky had moved to t ...

Core Insights - Bybit plans to launch "My Bank," a retail banking service for users who complete Know Your Customer checks, allowing them to have their own international bank account number (IBAN) [1][2] - The service aims to facilitate transactions in multiple fiat currencies, enabling users to send and receive funds, receive salaries, pay bills, and trade digital assets seamlessly [2][3] - Bybit is collaborating with various banking providers to launch this service, targeting a February release [3][4] Company Expansion - Bybit currently has 82 million users across 181 countries but is not operational in the U.S. and Canada, with ambitions to expand into the Americas and pursue a public listing on Wall Street [5] - The introduction of My Bank represents a significant move for a crypto-native brand to offer traditional financial services, distinguishing it from neobanks like Robinhood and Revolut [4] Security Context - The launch of My Bank follows a major security incident where $1.4 billion worth of cryptocurrency was stolen, linked to North Korean cybercriminals, marking the largest hack in the industry's history [6]

Dubai Insurance became the first in its sector on a global scale to roll out a cryptocurrency wallet for its customers to handle claims and premiums, and transact digital assets. The fourth-largest insurer in the United Arabs Emirates (UAE)said it developed the crypto wallet in partnership with Standard-Chartered-owned crypto custodian Zodia Custody, in an emailed announcement on Wednesday. Dubai Insurance’s venture into digital assets comes as the UAE increasingly pushes forward the integration of digi ...

Cryptocurrency exchange ByBit reportedly wants to look more like a bank.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The company plans to begin offering banking services, including accounts that allow users to h ...