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Stablecoin-based payment fintech RedotPay raises $107m in Series B
Yahoo Finance· 2025-12-17 10:48
Core Insights - RedotPay has successfully completed a $107 million Series B funding round, raising a total of $194 million in 2025, and has over six million users across more than 100 markets as of November 2025 [1][2] - The company has achieved an annualized payment volume exceeding $10 billion and generates over $150 million in annualized revenue [1] Funding and Investment - The Series B funding round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and continued support from HSG and others [2] - Investors bring expertise in consumer fintech, blockchain infrastructure, and global payments, aligning with RedotPay's mission to enhance financial access through stablecoin adoption [3] Business Model and Growth Strategy - RedotPay is focused on profitable growth through an efficient and scalable business model, aiming to accelerate product innovation and expand its global reach with the new funding [2][4] - The company is developing stablecoin-powered financial services to facilitate instant, predictable, and borderless fund movement for both crypto-native and non-crypto users [5] Product Offerings - RedotPay's offerings include a stablecoin-based card for global spending, stablecoin-powered payout rails for fast and secure transfers, and multi-currency accounts for accessing, holding, and using stablecoins through its P2P marketplace [6] Industry Impact - Investors believe RedotPay will play a significant role in the next phase of crypto adoption, bringing stablecoins into everyday payments and contributing to a more inclusive financial system [7]
Affirm Soars Double Digits on Tuesday. Is the Stock a Buy?
The Motley Fool· 2025-12-17 02:01
Core Insights - Affirm's stock surged by 10.2% on a day marked by a broader upswing in the buy-now/pay-later (BNPL) and fintech sectors, influenced by a weaker-than-expected jobs report that may lead to lower interest rates [1][4][5] Company Performance - Affirm's CFO Rob O'Hare highlighted a five-year partnership extension with Amazon, which is expected to drive new customer acquisition for both companies [2][6] - The company reported a 34% increase in revenue and a GAAP operating margin of 7% in its most recent quarter, indicating strong growth and profitability [9] - Credit trends remained stable, with delinquency rates consistent with previous years, suggesting that the company's credit model is holding up [10] Market Context - The positive market reaction to Affirm's performance was also reflected in other BNPL and fintech stocks, which experienced gains due to favorable market conditions and investor sentiment [5] - The partnership with Amazon was described as a "win-win," with terms remaining mostly unchanged, reinforcing Affirm's leadership in the industry [6][9] - Evercore ISI maintained an outperform rating for Affirm, with a price target of $95, reflecting confidence in the company's future performance [7]
More Americans Think They'll Need At Least $1 Million In Retirement—Is That Realistic?
Investopedia· 2025-12-17 01:01
Core Insights - A significant increase in the percentage of Americans believing they need at least $1 million for a comfortable retirement, rising from 37% to 48% in one year [1] - Only 54.3% of households have retirement account assets, and a mere 4.6% possess assets exceeding $1 million as of 2022 [2] Retirement Savings Strategies - Earning the employer's 401(k) match is crucial as it represents free money for retirement savings [4] - Starting retirement savings early can lead to substantial growth due to compound interest; for example, saving $500 monthly from age 25 could yield over $1.5 million by age 65, compared to only $438,000 if saving starts at age 40 [4] - Prioritizing the repayment of high-interest debt is essential, as it can significantly impact investment returns [4] - Monitoring investment fees is important, as seemingly small fees can accumulate and reduce overall returns over time [4]
Jim Cramer talks where he is looking for growth stocks
CNBC Television· 2025-12-17 00:43
When I was writing How to Make Money in Any Market, I tried to isolate growth stocks where I could find them. I was concerned that if every growth stock I highlighted was linked to the data center, you'd end up with a portfolio that could crush you the moment the data center story went out of style in the Wall Street fashion show, which of course is exactly what happened. So, I looked at healthcare and tried to figure out which growth stocks would come from that typical double-digit growth sales cohort.I th ...
Jim Cramer talks where he is looking for growth stocks
Youtube· 2025-12-17 00:43
Group 1 - The focus on identifying growth stocks beyond data centers is crucial to avoid a portfolio collapse when the data center trend fades [1] - Healthcare is highlighted as a sector with potential for double-digit growth sales, indicating opportunities for investment [1] - Aerospace is noted for its insatiable demand for travel, suggesting a strong growth outlook for companies in this industry [2] Group 2 - Growth retailers are expected to continue expanding, indicating resilience and potential for investment in this sector [2] - Fintech companies like Affirm and Square (now Block) remain popular, showcasing ongoing interest and investment potential in the fintech space [2] - Resource-based companies, particularly in gold and silver, have provided stability in the market during periods of volatility, indicating their importance for investors [3]
Why Sezzle Stock Crushed it Today
The Motley Fool· 2025-12-17 00:36
The company continues to upsize its stock buyback initiatives.Ambitious fintech company Sezzle (SEZL +10.37%) was a sizzling-hot item on the stock market Tuesday. The spark that lit the fire was the company's announcement that it was doubling down on its share repurchasing activity; cheered by this news, investors bid up Sezzle stock by more than 10% that trading session. Back to buybacksJust after market close Monday, Sezzle announced that its board of directors authorized the company to repurchase up to $ ...
X @CoinMarketCap
CoinMarketCap· 2025-12-16 22:13
LATEST: 💰 Hong Kong-based fintech RedotPay has raised $107 million in a Series B funding round to expand its stablecoin payment platform, which processes more than $10 billion in annualized payment volume. https://t.co/ofZgRb2v8t ...
Affirm Holdings, Inc. (AFRM) Discusses BNPL Growth, Competitive Differentiation, and Consumer Value in Payments Transcript
Seeking Alpha· 2025-12-16 21:59
Group 1 - The discussion focuses on the growth of volume in the Buy Now, Pay Later (BNPL) sector, highlighting its increasing popularity among consumers in the U.S. [1] - Affirm, as a key player in the BNPL market, is noted for its ability to engage with retail investors and address their inquiries, indicating a strong interest in the company's performance and strategies [1] - The success of BNPL is attributed to the variety of payment methods available to consumers, suggesting that the flexibility and convenience offered by BNPL solutions resonate well with consumer preferences [1]
Wix Turns to Stripe to Expand Local Payment Offerings in Europe
PYMNTS.com· 2025-12-16 21:28
Wix has teamed with Stripe to offer more local payment options in Europe.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.Although Wix Payments has been operating in Europe since 2019, this marks the first time Wix ...
Exodus joins stablecoin race with MoonPay-backed digital dollar
Yahoo Finance· 2025-12-16 21:25
Crypto wallet provider Exodus (EXOD) is entering the stablecoin market with the launch of a fully reserved, USD-backed stablecoin in partnership with fintech firm MoonPay. MoonPay will issue and manage the stablecoin, with support from stablecoin infrastructure provider M0. The token is expected to go live in January 2026, with network and product details to follow. The move places Exodus among a small group of public companies behind stablecoin products, including Circle (USDC), PayPal (PYUSD) and Fise ...