Group 1 - Marqeta Inc. has appointed Mike Milotich as the new CEO and Director, effective immediately, after serving as Interim CEO since February 2025 [1][2] - The Board believes Milotich's extensive knowledge of the business, strong customer connections, and proven leadership make him the ideal choice to execute Marqeta's strategy [2] - Milotich has been with Marqeta as CFO since February 2022, overseeing financial planning, corporate development, accounting, and investor relations [3] Group 2 - Prior to joining Marqeta, Milotich held significant roles at Visa, PayPal, and American Express, enhancing his qualifications for the CEO position [3] - Marqeta operates a cloud-based open API platform for card issuing and transaction processing services, positioning itself in a growing fintech sector [3]

Core Insights - Jar, an Indian fintech startup, has achieved profitability by enabling millions of first-time savers to invest in digital gold [1][7] - The company targets low- to middle-income users, allowing savings in gold for as little as ₹10 (approximately $0.11) a day, which has attracted over 35 million registered users [2][3] - Jar's total revenue surged to ₹24.50 billion (around $279.3 million) in fiscal year 2024, a dramatic increase from ₹500 million ($5.7 million) in the previous year [5] User Demographics - Approximately 60% of Jar's users come from tier-2 and tier-3 towns in India, with over 95% saving formally for the first time [3] - The startup has registered users across 12,000 zip codes, indicating a broad reach in underserved markets [3] Financial Performance - Jar's operating revenue from its gold-saving app grew ninefold to ₹2.08 billion (roughly $23.6 million) in fiscal year 2024 [5] - The jewelry segment, launched through the Nek platform, generated over ₹1 billion (approximately $11 million) in annual revenue last year [7] Business Model and Strategy - Jar has transitioned from being a distribution platform to vertically integrating its operations, allowing it to manage gold directly [8] - The company has built an in-house tech stack for purchasing, storing, and managing gold, enhancing its control over the value chain [8] - Jar's growth strategy includes distributing gold through third-party platforms, such as PhonePe, a fintech firm owned by Walmart [8] Future Plans - Jar is reportedly planning to go public next year, with investment bankers already engaging with the startup for its IPO [4]

EXCLUSIVE: JPMorgan says Circle faces 'intense' competition from Tether, Hyperliquid and fintech rivals https://t.co/akRoyD6su5 ...

Core Insights - PayPal and Google are collaborating to enhance online shopping experiences through artificial intelligence [1] Company Developments - The partnership aims to integrate AI technologies into the shopping process, potentially streamlining transactions and improving user experience [1] Industry Trends - This collaboration reflects a growing trend in the e-commerce industry where companies leverage AI to optimize customer engagement and drive sales [1]

RT LayerZero (@LayerZero_Core)PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD.With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains. https://t.co/CWOc2CP6sA ...

Before fintech darling Ramp was launching multimillion-dollar Super Bowl ads, disrupting time-consuming expense reports, and notching $1 billion in annualized revenue, cofounder Eric Glyman was seeking out tech’s most battled-tested CEOs for some sage business advice. At Fortune’s Brainstorm Tech conference last week, the 35-year-old entrepreneur shared that instead of turning to executive coaches for wisdom, he prefers candid one-on-one conversations with fellow entrepreneurs. “I try to kind of go and ...

Core Viewpoint - The appointment of Paul Atkins as the new SEC chair marks a significant shift towards a more favorable regulatory environment for the crypto industry, with a focus on integrating traditional financial markets with blockchain technology [1][2]. Group 1: Regulatory Changes - Paul Atkins has proposed a series of regulatory changes aimed at facilitating the integration of traditional financial markets with blockchain technology, which includes allowing financial firms to trade crypto commodities, crypto securities, and traditional securities without needing multiple licenses [2][3]. - The initiative, referred to as Project Crypto, is seen as a groundbreaking move that could transform US equity markets by enabling the tokenization of traditional financial assets [1][2]. Group 2: Industry Response - Cameron Winklevoss, co-founder of Gemini, expressed strong support for Atkins, highlighting the positive shift in the SEC's approach towards the crypto industry compared to the previous chair, Gary Gensler, who took a more adversarial stance [1][5]. - Executives from various crypto firms, including BitGo and Dinari, shared enthusiasm for the prospects of tokenizing US stock, with Dinari's Gabriel Otte describing it as the most significant change in the US financial system since the regulations following the Great Depression in 1933 [5]. Group 3: Tokenization Trends - Tokenization, which involves placing traditional financial assets such as stocks, commodities, real estate, and bonds onto blockchains, has emerged as a major trend in the crypto industry this year [3]. - Companies like Robinhood and Kraken have gained attention by launching services that enable customers to trade tokenized shares, indicating a growing interest in this area [4].

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Spend management platform Extend tapped PayPal alum Francois Horikawa to serve as its first CFO, the company confirmed to CFO Dive in an email. His appointment comes as the company seeks to accelerate a path to profitability, according to a Thursday press release. Horikawa will “draw on his experience in partnership, pricing and strategic planning” to help E ...

Core Insights - Beeline Holdings, Inc. is set to present at the Centurion One Capital 3rd Annual Bahamas Summit, highlighting its growth potential and unique business model [1][2] - The event will take place from October 28th to 29th, 2025, at the Rosewood Baha Mar Hotel in Nassau, Bahamas, featuring presentations, panel discussions, and investor meetings [3] Company Overview - Beeline is a digital mortgage platform that aims to transform property financing through an AI-powered, fully digital approach, focusing on speed, simplicity, and transparency [4] - The company is headquartered in Providence, Rhode Island, and targets both primary residences and investment properties, promoting financial freedom for its users [4] Event Details - The Bahamas Summit will include a series of company presentations, one-on-one investor meetings, and dynamic panels, designed to connect small cap growth companies with global investors [2][3] - Nick Liuzza, CEO of Beeline, along with other executives, will participate in discussions to share insights on the company's growth trajectory and operational execution [2]

Market Overview - The S&P 500 is expected to open higher following a volatile session after the Federal Reserve cut rates by 0.25% [1] - Initial jobless claims have decreased from the previous week [1] Company Developments - Intel shares surged by 28% after Nvidia announced a $5 billion investment in Intel and plans to co-develop data center and PC chips [2] - Cracker Barrel's shares fell nearly 7% due to a disastrous earnings report, with restaurant traffic down 8% since a logo change on August 19 [3] - Nucor's negative preannouncement indicated expected Q3 earnings per share between $2.05 and $2.15, below the FactSet consensus of $2.57, leading to a nearly 4% drop in shares [4] - CrowdStrike shares rose almost 5% after the company provided bullish long-term financial targets at an analyst day, prompting multiple price target increases [5] - Meta unveiled new Ray-Ban Display glasses starting at $799, aiming to position them as the primary personal computing device for AI [6] - SoFi Technologies received a price target increase from Mizuho Securities to $31 from $26, with analysts citing Fed rate cuts as a positive factor [7] - Reddit saw price target increases from Piper Sandler and Citizens JMP, reflecting optimism about future catalysts [8] - Bank of America initiated coverage of AeroVironment with a buy rating and a price target of $300, indicating strong growth opportunities [9] - BTIG initiated coverage of Abercrombie & Fitch with a buy rating and a price target of $120, suggesting a potential 40% upside [10] - Huawei introduced a new AI chip cluster, claiming it to be the "world's most powerful," raising questions about its benchmarking against Nvidia [11]