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Wix Turns to Stripe to Expand Local Payment Offerings in Europe
PYMNTS.com· 2025-12-16 21:28
Core Insights - Wix has partnered with Stripe to enhance local payment options in Europe, marking the first expansion of their partnership outside North America [2][3] - The collaboration aims to provide a seamless and secure payment experience for businesses across various European countries [3][4] Group 1: Partnership Expansion - The partnership allows eligible businesses in Austria, Belgium, Finland, Germany, Italy, Lithuania, the Netherlands, Portugal, Spain, Switzerland, and the United Kingdom to accept locally preferred payment methods [3][4] - Popular local payment methods such as Klarna, iDEAL, and Clearpay will be available through Wix Payments [4] Group 2: Business Operations - All payments, orders, bookings, and payouts will be managed directly within Wix, simplifying workflows for business owners and eliminating the need for third-party tools [4] - Wix plans to further expand Stripe-powered Wix Payments into additional markets in Europe, the Middle East, Africa, and the Asia-Pacific region [4] Group 3: Market Insights - Experts emphasize the importance of understanding local payment methods for businesses entering foreign markets, highlighting the need for certifications and licenses [5] - Research indicates that 99% of cross-border shoppers expect to pay with their preferred methods, reinforcing the idea that "all payment is local" [6]
Exodus joins stablecoin race with MoonPay-backed digital dollar
Yahoo Finance· 2025-12-16 21:25
Core Viewpoint - Exodus is entering the stablecoin market by launching a fully reserved, USD-backed stablecoin in partnership with MoonPay, expected to go live in January 2026 [1][2] Group 1: Company Strategy - The Exodus stablecoin is central to the upcoming product, Exodus Pay, which aims to facilitate everyday crypto payments while maintaining self-custody for users [2] - Users will be able to spend and send the digital dollar through the Exodus app, earning rewards and simplifying typical crypto transactions [2][3] Group 2: Market Position - This move positions Exodus among a select group of public companies offering stablecoin products, including Circle (USDC), PayPal (PYUSD), and Fiserv (FIUSD) [2] - The stablecoin will be accessible through MoonPay's global network, which includes buy, sell, and swap tools, with rollout contingent on regulatory approval [5] Group 3: Industry Insights - JP Richardson, co-founder and CEO of Exodus, emphasized that stablecoins are becoming the simplest way to hold and transfer dollars on-chain, highlighting the need for user experiences that meet modern consumer app expectations [3] - MoonPay's CEO noted that the Exodus partnership illustrates the potential for branded digital dollars to be integrated into consumer-facing financial tools, showcasing compliant stablecoin issuance at a global scale [4]
Investigation Launched into Klarna Group plc, Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm - RGRD Law
TMX Newsfile· 2025-12-16 21:15
Company Overview - Klarna Group plc provides payment, advertising, and digital retail banking solutions to consumers and merchants [2] Investigation Details - Robbins Geller Rudman & Dowd LLP is investigating potential violations of United States federal securities laws involving Klarna, focusing on whether Klarna and its top executives made materially false and/or misleading statements or omitted material information regarding the company's business and operations [1][2] Law Firm Background - Robbins Geller is recognized as one of the leading law firms in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in securities-related class action cases in 2024, which is more than the next five law firms combined [3]
X @The Block
The Block· 2025-12-16 20:41
RT Techmeme (@Techmeme)Hong Kong-based RedotPay, a fintech focused on stablecoin-based payments, raised a $107M Series B led by Goodwater Capital, bringing its total raised to ~$200M (@yogita_khatri5 / The Block)https://t.co/zay8tY5TaLhttps://t.co/Xkc2DGTY6o📥 Send tips! https://t.co/KoagBA6ZIh ...
Europe Is Having a ‘Gut Check’ and Dan Ives Says It’s Time to Gobble Up 2 of the Region’s Top Tech Stocks
Yahoo Finance· 2025-12-16 20:26
Group 1: Market Overview - European technology stocks are undergoing a critical reassessment, with opportunities emerging despite investor frustration regarding the region's ability to develop major tech players [1] - Analyst Dan Ives from Wedbush Securities describes the current moment as a "moment of validation" for Europe's tech sector [1] Group 2: Company Highlights - Klarna - Klarna, a Swedish fintech, is highlighted as a compelling investment opportunity, currently valued at a market cap of $11.4 billion [3] - The company reported a strong third quarter, with global sales increasing by 28% year-over-year to $903 million, and U.S. revenue growing by 51% [3] - Klarna serves 114 million active consumers and 850,000 merchants across 26 markets, positioning itself as a significant challenger to traditional credit cards and payment networks [4] Group 3: Company Performance and Products - Klarna's fair financing product saw a remarkable growth of 139%, attributed to the doubling of merchants offering the service to 150,000 [5] - The company is experiencing a temporary lag in profitability due to upfront provisions for potential credit losses while earning revenue over time as consumers repay loans [5] - Klarna's physical card has 3.2 million active users globally, generating an average revenue of $130 per user, compared to $28 for general active users [6] Group 4: Market Strategy and Demand - The demand for Klarna's debit card is strong, offering credit card perks that allow users to choose between debit and credit at checkout, targeting self-aware avoiders who want control over their spending [7] - Since its inception, Klarna has issued over $500 billion in credit, with credit losses below 70 basis points, outperforming traditional credit card charge-off rates [7] Group 5: Company Highlights - Spotify - Spotify is also identified as a noteworthy European company, with its stock down 26% from record levels, presenting an attractive entry point for investors [2]
RedotPay Raises $107M to Drive Stablecoin Adoption, Expand Card Services
Yahoo Finance· 2025-12-16 19:46
Company Overview - RedotPay has successfully closed a $107 million Series B fundraise led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and previous investors, bringing its total funding to nearly $200 million [1] - The firm raised $40 million in 2023 and an additional $47 million in an April 2025 funding round, achieving a valuation of $1 billion [1] Strategic Goals - The company's goal is to help users manage their finances confidently through stablecoin-powered financial services, with plans to accelerate product innovation and expand global reach following the latest funding round [2] - Investors are expected to provide not only capital but also expertise and resources to help the company scale responsibly while maintaining compliance and delivering excellent user experiences [2] Industry Insights - The year 2025 is noted as a pivotal year for the stablecoin industry, with stablecoins gaining significant traction in the fintech mainstream, becoming increasingly prominent alongside Bitcoin and Ethereum [3] - The total market capitalization for stablecoins has reached $310 billion, surpassing the market capitalization of Coca Cola, which is approximately $304 billion [4] - Despite significant outflows in the broader cryptocurrency market, stablecoins have demonstrated a growth rate of 50.95% since January 1, 2025, with firms expanding their products and services globally [5] - Recent developments include SBI Holdings partnering with Startale Group to launch a yen-denominated stablecoin and Visa initiating stablecoin settlements in the US using Circle's USDC and Arc Blockchain [5]
Streamex Corp. (STEX) Shareholder/Analyst Call Transcript
Seeking Alpha· 2025-12-16 19:09
Company Overview - Streamex Corp. is listed on NASDAQ under the ticker STEX and is co-founded by Henry McPhie and Morgan Lekstrom [1][2] - Henry McPhie has a background in mining engineering and has previously founded companies in the crypto and blockchain sectors, including Lynx Web 3 Solutions and a successful Solana-based digital art project [2] Leadership Team - Mitch Williams serves as the Chief Investment Officer (CIO) of Streamex, with prior experience as a fintech analyst at Credit Suisse and as the sole Portfolio Manager at OppenheimerFunds Flagship Value Fund [3] - Mitch also held the position of Senior Managing Director and Global Head of Public Markets at Wafra Inc. [3] Presentation Highlights - The presentation will cover recent company milestones and key growth highlights, with a focus on future plans for 2026 [3] - Participants are encouraged to submit questions during the presentation, which will be addressed afterward [4]
BNPL Fintech Affirm Partners with REVOLVE to Bring Flexible Payments to UK and Canadian Consumers
Crowdfund Insider· 2025-12-16 19:03
Core Insights - Affirm and Revolve Group have expanded their partnership to facilitate easier payment options for consumers in Canada and the UK, allowing them to purchase fashion items without late or hidden fees [1][2] - Eligible consumers can now use Affirm's buy now, pay later (BNPL) service to split their purchases for various products, including apparel and accessories [1][2] - The partnership builds on an existing collaboration that began in the United States earlier this year, reflecting a growing trend towards flexible payment options in the retail sector [1][2] Company Overview - Revolve Group, Inc. is a fashion retailer targeting Millennial and Generation Z consumers, founded in 2003 by co-CEOs Michael Mente and Mike Karanikolas [2] - The company operates through two segments: REVOLVE, which offers a wide range of apparel and accessories, and FWRD, which focuses on luxury brands [3] - Affirm aims to provide transparent financial products that improve consumer lives and support business growth, differentiating itself by not charging late or hidden fees [3][4] Market Trends - The demand for flexible payment options is increasing, with Affirm's network reporting a 30% year-over-year growth in fashion and beauty purchases as of the quarter ended September 30, 2025 [2] - Leading global brands, including Adidas and Canada Goose, utilize Affirm's services at checkout, indicating a broader acceptance of BNPL solutions in the retail industry [2]
Square and Thrive Expand Partnership to Simplify Multi-Channel Inventory Management for Retailers
Businesswire· 2025-12-16 19:02
Core Insights - Square has expanded its partnership with Thrive to enhance inventory management for sellers, allowing seamless integration between in-store and e-commerce platforms like Shopify [1][2][3] Group 1: Partnership and Integration - The new Thrive integration enables retailers to create and edit products in Square, with automatic updates reflected on Shopify, helping to avoid overselling and automate re-ordering [1][4] - The integration is designed to simplify channel management for retailers using both Square and Shopify, allowing them to focus more on customer engagement rather than manual reconciliation [3][4] Group 2: Importance of Inventory Management - A reliable inventory management system is crucial for local businesses, especially during busy periods like the holiday season, as 50% of Square retail sellers operate across multiple channels [2][4] - The Thrive integration helps retailers maintain accurate stock levels and improve customer satisfaction by reducing manual oversight and errors [2][4] Group 3: Key Features of Thrive Integration - Unified catalog management allows for consistent product listings by syncing catalog items created in Square to Shopify [6] - Real-time inventory updates prevent overselling and stock discrepancies by adjusting stock quantities bi-directionally between Square and Shopify [6] - Square serves as the source of truth for catalog data, ensuring accurate reporting and analytics across all channels [6] Group 4: Target Audience - The integration is aimed at sellers operating both in-store via Square POS and online via Shopify, as well as businesses with multiple Square locations wanting to centralize operations [7] - Local retail sellers looking to save time on manual purchasing and stocking processes can benefit significantly from this integration [7] Group 5: Additional Information - Thrive also offers integrations for other platforms like Woo Commerce, BigCommerce, Meta, and Google Listings, expanding its utility for various storefront channels [8] - Thrive, founded in 2013, focuses on providing small business owners with tools for effective inventory and catalog management [9]
X @Bloomberg
Bloomberg· 2025-12-16 19:00
From retailers to fintechs to automakers, all sorts of companies are pursuing banking licenses. Here's what to know: https://t.co/yDwAarSh8m ...