SoFi app on a tablet in a café workspace, highlighting fintech on-the-go. Key Points SoFi topped expectations with EPS of 13 cents and record revenue of $1.01B, reinforcing operating momentum. Fee-based revenue and stronger cross-buy trends are scaling the model and reducing reliance on balance-sheet growth. Guidance points to continued strength, but the bar is higher now, making flawless execution more important. Interested in SoFi Technologies, Inc.? Here are five stocks we like better. SoFi Tech ...

Core Insights - Revolut is expanding its operations into Peru by applying for a full banking license, with Julien Labrot appointed as CEO to lead this initiative [1][2] - The company aims to provide a range of digital financial services tailored to the Peruvian market, emphasizing accessibility and security [2] - Revolut's expansion in Peru marks its fifth entry into the Latin American market, following Brazil, Mexico, Colombia, and Argentina [3] Financial Performance - For 2024, Revolut reported projected revenue of $4 billion, profits of $1 billion, and total assets of $33 billion, with a valuation of $75 billion [4] Strategic Focus - The company plans to expand its workforce in Peru while primarily adopting remote work practices [3] - Revolut is committed to collaborating with regulators to ensure a secure and compliant banking solution for both individuals and businesses [5] - A new in-app feature has been introduced to combat impersonation scams, enhancing user security during app usage [5]

Core Insights - Euronet has entered into a definitive agreement to acquire CrediaBank's merchant acquiring business, enhancing its position in Greece's payments market [1][3] - The transaction is expected to close in Q3 2026, pending regulatory approvals [2] - The combined operations are projected to process over $22 billion annually and serve more than 240,000 merchants [3] Merchant Acquiring Expansion - The merger will integrate CrediaBank's merchant portfolio with Euronet's existing operations, strengthening Euronet's market leadership in Greece [3] - This partnership aims to enhance service quality and expand product offerings through Euronet's technology and CrediaBank's branch network [4] Strategic Partnership - Euronet will establish a long-term strategic partnership with CrediaBank for exclusive sales distribution through the bank's branches [5] - The agreement is designed to diversify Euronet's revenue mix and provide multiple customer touchpoints in both digital and physical payment environments [6] Digital Wallet Initiative - Euronet and CrediaBank plan to launch a modern account-to-account consumer digital wallet, integrating national instant payment rails and loyalty services [7] - This initiative aligns with the growing trend towards cardless payment models in Europe [7] Financial Services Provision - Euronet will provide CrediaBank with issuing services for credit, debit, and prepaid cards, and will manage the bank's ATMs [9] - This collaboration will enable CrediaBank to offer Euronet's proprietary technology products, enhancing its service capabilities [9] Company Background - CrediaBank is the fifth largest bank in Greece, serving approximately 300,000 active customers through 65 branches [12] - Euronet is a global leader in payments processing, operating in over 200 countries with a comprehensive range of financial services [13][14]

Core Viewpoint - Nubank plans to secure a banking license in Brazil by 2026 following regulatory changes that prevent non-bank companies from using the term "bank" in their branding [1][2]. Group 1: Company Operations - Nubank currently operates as a payment institution, credit, financing, investment company, and securities brokerage in Brazil, holding all necessary operational licenses for its existing products [3]. - The transition to a banking institution is not expected to significantly alter Nubank's capital or liquidity requirements, nor will it impact its financial stability [3]. Group 2: Customer Impact - Nubank has assured that the move to obtain a banking license will not affect its customers, and all operations will continue as usual [2][3]. Group 3: Market Position - Nubank boasts over 110 million customers and a market valuation of $85 billion, highlighting its significant presence in the digital financial services sector [1]. - The company has been instrumental in including 28 million individuals in the financial system since its founding 12 years ago [4]. Group 4: Regulatory Context - Brazilian regulators have given companies 120 days to submit compliance plans with the new regulations regarding the use of the term "bank" [2]. - Nubank's subsidiary in Mexico, Nu Mexico, has already received banking license approval, allowing it to expand its product offerings [5].

Financial Performance - AppTech Payments Corp. reported an operating loss of $1.7 million, or $0.05 per share, for Q3 2025, an improvement from an operating loss of $2.0 million, or $0.08 per share, in Q3 2024 [1] - The company is focused on optimizing its cost structure and positioning itself for sustainable profitability, as stated by the Chief Financial Officer [1] Strategic Acquisition - Following the close of the quarter, AppTech completed the acquisition of InfinitusPay, which enhances its Banking-as-a-Service (BaaS) platform and supports recurring revenue growth [2] - The acquisition is expected to be accretive to revenue and contribute to operational efficiencies through the integration of technology, customers, and talent [2] Company Overview - AppTech Payments Corp. provides digital financial services for financial institutions, corporations, small and midsized enterprises (SMEs), and consumers via a scalable cloud-based platform [3]

Core Viewpoint - MercadoLibre, Inc. reported its financial results for the second quarter ended June 30, 2025, and will host an earnings video conference for investors on August 4, 2025 [1]. Company Overview - MercadoLibre is the largest online commerce ecosystem in Latin America, based on unique visitors and processed orders, and is also a leading fintech platform in the region [5]. - The company operates in 18 countries, including Argentina, Brazil, Mexico, Colombia, Chile, and Peru [5]. E-commerce Platform - MercadoLibre provides a robust and safe environment for buyers and sellers, fostering a large e-commerce community in Latin America, which has a population of over 650 million [6]. - The region is experiencing one of the fastest-growing Internet penetration and e-commerce growth rates globally [6]. Fintech Services - Through its fintech platform, MercadoPago, the company offers a comprehensive set of financial technology services, including digital accounts, debit cards, online payments, insurance, savings, investments, and credit lines for individuals [7]. - For merchants, MercadoPago provides online and physical point-of-sale payment processing services along with digital accounts [7].

Company Overview - Euronet has announced a definitive agreement to acquire CoreCard in a stock-for-stock merger valued at approximately $248 million, equating to $30 per share of CoreCard common stock [1][6] - CoreCard is recognized for its innovative credit technology solutions and processing services, serving a significant role in the financial technology and services market [1][10] Strategic Implications - The acquisition is a strategic move for Euronet to diversify its revenue mix and enhance its capabilities in digital financial services, aiming for a more scalable and modern platform [2][5] - CoreCard's established credit card platform and its partnerships with major financial institutions, including a successful co-branded credit card with Goldman Sachs, will bolster Euronet's competitive position in a market dominated by legacy providers [3][4] Technological Advantages - CoreCard's modern architecture allows for faster deployment and easier integrations, which are essential for banks and fintechs looking to innovate and embed financial services into customer experiences [4][5] - The integration of CoreCard's platform with Euronet's existing infrastructure is expected to enhance Euronet's position as a leading card issuer and innovation partner in the digital finance space [5] Transaction Details - The merger agreement stipulates an exchange ratio for CoreCard shares based on Euronet's stock price, with a range between 0.2783 and 0.3142 shares of Euronet for each CoreCard share, subject to specific price floors and ceilings [7][8] - The transaction has received approval from both companies' boards and is anticipated to close in late 2025, pending shareholder approval and regulatory conditions [6][7]

Core Insights - MercadoLibre's fintech arm, Mercado Pago, is crucial for the company's growth, achieving $1.49 billion in fintech revenues in Q1 2025, which is 34.4% of total revenues and represents a 43% year-over-year increase [1] - The company is experiencing strong user growth, with 64 million monthly active users (MAUs) in Q1 2025, a 31% increase year-over-year, driven by improved product offerings and user experience [4] Fintech Growth and User Engagement - Consistent improvements in Net Promoter Score (NPS) in Brazil and Mexico indicate a strong value proposition, with expectations for continued growth in product adoption and user engagement [2] - The expansion of digital accounts and high-yield deposits is enhancing product adoption, particularly in Brazil, Mexico, and Chile, where user growth exceeds the overall average [3][9] Competitive Landscape - MercadoLibre faces competition from other fintech players in Latin America, such as Nu and StoneCo, which are also showing significant user growth and engagement [5][6] - Nu reported nearly 100 million MAUs in Q1 2025, while StoneCo had 4.3 million active clients in its payments segment, with 38% of clients using multiple solutions [5][6] Stock Performance and Valuation - MELI shares have increased by 39.6% year-to-date, outperforming the Zacks Internet – Commerce industry and the Zacks Retail-Wholesale sector [7] - The stock is currently trading at a forward Price/Sales ratio of 3.91X, compared to the industry's 1.98X, indicating a higher valuation [11] Earnings Estimates - The Zacks Consensus Estimate for MELI's Q2 2025 earnings is $12.01 per share, reflecting a 14.60% year-over-year growth, with the 2025 earnings estimate at $48.38 per share, indicating a 28.36% year-over-year growth [13]

Core Viewpoint - Remitly Global, Inc. will report its first quarter financial results on May 7, 2025, and will host a conference call to discuss these results with financial analysts [1]. Group 1: Financial Results Announcement - The company will announce its first quarter financial results after market close on May 7, 2025 [1]. - A conference call and live webcast will take place at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day [1][2]. Group 2: Conference Call Details - To access the conference call, participants must register through a provided link, after which they will receive dial-in details and a unique access code [2]. - The company recommends registering at least 10 minutes before the call starts to ensure connection [2]. Group 3: Webcast Information - A live webcast and replay of the conference call will be available on the Investor Relations section of Remitly's website [3]. - For those not asking questions, listening via the webcast is recommended [3]. Group 4: Company Overview - Remitly is a provider of digital financial services operating in over 170 countries, focusing on cross-border payments [4]. - The company aims to enhance its product offerings to fulfill its vision of transforming lives globally [4].