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Agibank raises $240M in New York IPO as Brazilian fintechs return to US markets
Invezz· 2026-02-11 15:02
Core Insights - Agibank, a Brazilian fintech, successfully raised $240 million through its IPO in New York, marking it as the second Brazilian fintech to enter the US capital markets in recent weeks [1] Company Summary - Agibank has made a significant move by accessing the US capital markets, indicating a growing trend among Brazilian fintech companies to seek international funding [1]
Why This Analyst Is Betting SoFi Stock Can Gain 40% in 2026
Yahoo Finance· 2026-02-11 14:17
Galileo’s infrastructure now supports 128.5 million accounts worldwide, extending SoFi’s reach far beyond its own member base. After a strong run in recent years, shares have taken a notable hit in 2026. Currently valued at a market capitalization of about $25.7 billion. SoFi’s stock is down 19.1% this year, sharply underperforming the broader S&P 500 Index ($SPX), which has managed a modest 1.4% gain over the same period.Today, 13.7 million members rely on SoFi to borrow, save, spend, invest, and protect t ...
Triller Group’s subsidiary – AGBA announce a transformative step forward
Globenewswire· 2026-02-11 14:00
Core Insights - Triller Group Inc. has relocated its Hong Kong office to a new space called The Foyer, aimed at fostering innovation and teamwork as the company moves towards profitability in 2026 [1][2] Group 1: Office Relocation - The new office spans two expansive floors, designed to create an open and vibrant environment for collaboration and efficiency [2][4] - The relocation is seen as a launchpad for the company's next growth phase, reinforcing its hybrid culture and enhancing team dynamics [4] Group 2: Business Strategy - Triller's OnePlatform serves as a comprehensive financial business solution, offering over 2,000 products and services to financial advisors and institutions [3] - The platform includes integrated operational and compliance support, aimed at boosting productivity and market competitiveness [3] Group 3: Company Overview - Triller Group Inc. operates in technology and media, with a focus on innovative solutions in the financial services sector [6][7] - AGBA Group, a partner of Triller, provides machine-learning-driven consumer finance and healthcare solutions to over 400,000 clients in Asia [7]
Triller Group's subsidiary – AGBA announce a transformative step forward
Globenewswire· 2026-02-11 14:00
Core Insights - Triller Group Inc. has relocated its Hong Kong office to a new space called The Foyer, aimed at fostering innovation and teamwork as the company moves towards profitability in 2026 [1][2] Group 1: Office Relocation - The new office spans two expansive floors, designed to create an open and vibrant environment for collaboration and efficiency [2][4] - The relocation is seen as a launchpad for the company's next growth phase, reinforcing its hybrid culture and enhancing team dynamics [4] Group 2: Business Strategy - Triller's OnePlatform serves as a comprehensive financial business solution, offering over 2,000 products and services to financial advisors and institutions [3] - The platform aims to empower professionals by providing extensive training and integrated operational support, enhancing productivity and market competitiveness [3] Group 3: Company Overview - Triller Group Inc. operates primarily in technology and media, with a focus on innovative solutions in the financial services sector [6][7] - AGBA Group, a partner of Triller, provides machine-learning-driven consumer finance and healthcare solutions to over 400,000 clients across Asia [7]
DDC Extends Bitcoin Accumulation Program into Fifth Consecutive Week
Businesswire· 2026-02-11 13:12
"Company†), a global Asian food platform and digital asset treasury company, today announced the acquisition of 100 Bitcoin (BTC), increasing its total holdings to 1,683 BTC under its structured Bitcoin accumulation program. This marks the Company's third Bitcoin purchase of 2026 and reflects its continued commitment to a disciplined approach to treasury management. DDC's strategy integrates digital assets as a...[Back to Newsroom] DDC Extends Bitcoin Accumulation Program into Fifth Consecutive Week-# DDC ...
Jack Dorsey's Block Weighs 10% Workforce Cuts Amid Broader Restructuring: Report
Yahoo Finance· 2026-02-11 13:01
Group 1 - Block Inc. is reportedly considering layoffs of approximately 10% of its workforce, which amounts to around 1,137 employees, during its annual performance review amid a broader restructuring effort [1] - The company had previously laid off over 900 employees in March due to performance concerns, affecting both managerial and individual contributor roles [3] - Despite mixed third-quarter earnings that missed Wall Street expectations, analysts express confidence in the company's core products, CashApp and Square, as essential components of its ecosystem [4] Group 2 - CashApp's gross profit increased by 24% year over year, with monthly transacting actives rising to 58 million after six consecutive quarters of stagnation [5] - Square's gross profit growth was limited to 9% year over year, impacted by higher processing costs that pressured margins [5] - Analysts predict that by 2026, Block Inc. will experience improved margins and recovery in key metrics as temporary challenges are resolved [5] Group 3 - The company is planning to integrate its CashApp payment system with its merchant platform Square, while also focusing on developing an AI tool named Goose and a Bitcoin initiative called Proto [2] - Block Inc. is scheduled to report its fourth-quarter earnings on February 26 [6]
Levl raises $7 million to provide stablecoin infrastructure for fintechs
Yahoo Finance· 2026-02-11 13:00
Core Insights - Fintech companies are increasingly adopting stablecoins for payments and money transfers due to their advantages, although developing the necessary infrastructure can be slow and costly [1] - Levl aims to provide a platform that allows digital wallets and fintechs to send money globally using stablecoins, simplifying the integration process [1][3] Funding and Valuation - Levl raised $7 million in a seed round led by Galaxy Ventures, with participation from other investors, although the company's valuation was not disclosed [2] Business Model and Clients - Levl's platform abstracts the complexity of integrating traditional payment systems with digital assets, allowing clients to benefit from stablecoins without building infrastructure in-house [3] - The company serves over 20 clients, including TerraPay and Taptap Send, focusing on remittances and business-to-business payments [3] Competitive Landscape - Levl views large banks as its primary competition in the remittance and business-to-business payment space, offering faster and cheaper transactions compared to legacy systems [4] - The platform is positioned as a global solution, capable of processing payments in multiple countries through a single API [5] Transaction Volume and Revenue - Since its launch in August, Levl has achieved an annualized transaction volume exceeding $1 billion, generating revenue through transaction fees [7]
Brazilian fintech Agibank raises $240 million in scaled-back US IPO
Reuters· 2026-02-11 12:59
Agibank said on Wednesday it had raised $240 million in its New York initial public offering, the second Brazilian fintech to tap U.S. capital markets in recent weeks. ...
What’s driving record CFO turnover?
Fortune· 2026-02-11 12:41
Core Insights - Global CFO turnover is increasing, with the role becoming more complex and high-stakes in the C-suite [1][2] Group 1: CFO Appointments and Exits - Global CFO appointments reached a seven-year high in 2025 with 316 new CFOs, a 10% increase from 2024 and 12% above the long-term average of 281 [3] - The S&P 500 contributed significantly, with companies hiring a record 106 CFOs in 2025, up 19% from 89 in 2024 and well above the seven-year average of 86 [4] - CFO exits worldwide totaled 262, a 2% increase from 2024 and 5% above the seven-year average, but appointments outpaced exits by 54 roles, marking the widest gap since tracking began in 2019 [4] Group 2: Role Complexity and Expectations - The CFO role is under increasing pressure, with expanded responsibilities including enterprise-wide cost transformation and large-scale operating model redesigns [5] - Boards expect CFOs to be primary communicators with investors regarding strategy and performance, adding to the complexity of the role [5] - Technology and AI are becoming central topics in CFO searches, with companies seeking experienced leaders who can navigate major enterprise-wide changes [6] Group 3: Factors Driving Turnover - Record CEO turnover and rising shareholder activism are contributing to CFO churn, with CEO changes in 2025 being 21% above the eight-year average [7] - Activist campaigns have increased, prompting boards to reassess the suitability of their CFOs for future challenges [7] - Retirement is a significant factor, with about 62% of exiting CFOs retiring in 2025, up from 50% in 2024 [8] Group 4: Trends in CFO Pipeline - First-time CFOs make up 57% of incoming global CFOs in 2025, while experienced CFO appointments rose to 135, the highest in seven years, indicating a demand for leaders who can deliver quick impact [9] - Companies are largely unprepared for turnover, with only 16% of CFOs reporting a proactive succession plan [11] Group 5: Future Outlook - CFO turnover is expected to remain high due to ongoing complexity, elevated CEO turnover, and activist pressure, with expectations for the role continuing to grow [12]
X @Bloomberg
Bloomberg· 2026-02-11 08:20
Activist investor Elliott takes stake in LSEG and UK fintech investment plummets -- get briefed ahead of your morning calls with The London Rush https://t.co/uxQZDrelkm ...