RT Bloomberg em Português (@BBGEmPortugues)CINCO ASSUNTOS - Tarcísio de Freitas reduz distância contra Lula em eventual segundo turno de 2026, movimento que ocorre enquanto a aprovação do presidente recua, segundo nova pesquisa AtlasIntel. Senado discute aumento de tributos sobre bets e fintechs https://t.co/j76LRKiEuH ...

Dec 2 (Reuters) - Automated digital wealth management firm Wealthfront is targeting a valuation of ​up to $2.05 billion in its U.S.‌ initial public offering, it said on Tuesday, becoming the latest to ‌test a trend of strong investor appetite for fintech listings. The Palo Alto, California-based company plans to raise as much as $485 million by selling 34.6 million shares, including stock offered ⁠by existing shareholders, ‌at a price range of $12 to $14 each. The U.S. IPO market has recovered after ‍a s ...

Automated digital wealth management firm Wealthfront said on Tuesday it was aiming to raise as much as $485 million in its initial public offering in the United States. ...

AVRIL: OUR NEXT GUEST RUNS YOUTRIP. THE PLATFORM PROCESS IS OVER $15 BILLION A YEAR. THE COMPANY ALSO OPERATES IN THAILAND AND WILL NOW LAUNCH IN AUSTRALIA.THIS MARKS ITS FIRST ENTRY INTO A NEW MARKET SINCE THE PANDEMIC. JOINING US NOW IS THE COFOUNDER AND CEO, CAECILIA CHU. GREAT TO HAVE YOU IN THE STUDIO.EXCITING TO BE HERE. AVRIL: IT IS THE LAUNCH OF YOUR AUSTRALIA PRODUCT. BUT TALK TO US ABOUT WHY AUSTRALIA.WHY DO YOU SEE SO MUCH OPPORTUNITY AND THAT MARKET. TODAY IS A VERY SPECIAL DAY FOR US GOING LIVE ...

Group 1: MercadoLibre - MercadoLibre is the leading player in the Latin American e-commerce and fintech markets, with a compound annual growth rate exceeding 30% over the past five and ten years [2] - The stock has recently declined approximately 20% from its all-time high due to increased competition from Amazon in Latin America [3] - E-commerce penetration in Latin America is still in the mid-teens as a percentage of total retail sales, indicating significant growth potential [5] Group 2: TransMedics Group - TransMedics Group is innovating the organ transplantation market with its Organ Care System (OCS), which keeps donor organs alive during transport, addressing issues associated with traditional cold storage methods [6][7] - OCS technology allows for over 80% of donor hearts and lungs to be usable, significantly increasing transplant rates compared to cold storage [9] - The company is expanding into Italy in 2026 and developing a version of OCS for kidneys, which could transform the kidney transplant landscape [11] Group 3: Vertex Pharmaceuticals - Vertex Pharmaceuticals holds a dominant position in the cystic fibrosis market with the only approved therapies targeting the disease's underlying cause [12] - The company is also exploring opportunities in other therapeutic areas, including a non-opioid pain drug that is expected to be a blockbuster [13] - Vertex is advancing its pipeline with plans for regulatory submissions for treatments targeting IgA nephropathy and severe Type 1 diabetes, which could address significant patient populations [15][16]

Core Insights - PROG Holdings, Inc. has announced an agreement to acquire Purchasing Power, a prominent provider of voluntary employee benefit programs [1] - The acquisition aims to enhance PROG Holdings' offerings by allowing employees to purchase brand-name products and services through payroll deductions or allotments [1] - Purchasing Power collaborates with major employers across more than 25 industries in the United States [1]

Core Insights - Currenc Group Inc. reported a total revenue of US$18.8 million for the first half of 2025, reflecting a year-over-year decrease of 10.8% primarily due to declines in global and Indonesian airtime revenues [4][5][12] - The company is shifting focus from lower-value airtime services to expanding its artificial intelligence (AI) product offerings to enhance engagement with financial institutions and broaden its market reach [12] Financial Performance - Total revenue excluding TNG Asia and GEA was US$18.8 million for H1 2025, down from US$21.1 million in H1 2024, a decrease of 10.8% [4][11] - Remittance revenue was US$9.8 million, a slight decrease of 0.3% year-over-year, attributed to lower contributions from the Hong Kong market [5][12] - Global airtime revenue was US$4.0 million, down 19% year-over-year, influenced by increased availability of free Wi-Fi in Southeast Asia [5][12] - Total processing value (TPV) through Tranglo was US$2.8 billion, a decrease of 5.8% year-over-year [4][12] Cost and Expenses - Total direct costs of revenue were US$12.3 million, down 22.5% from the previous year [5] - Operating expenses increased to US$15.1 million, primarily due to US$4.3 million in incentive share expenses related to the de-SPAC merger and US$1.5 million for AI project development [5][12] - The overall gross profit margin was stable at 34.3%, compared to 34.0% in the same period of 2024 [5][12] Net Income and Loss - The company reported a net loss of US$9.5 million for the first half of 2025, driven by significant losses at headquarters and adjustments [8][12] - EBITDA for the first half of 2025 was a loss of US$6.2 million, while Tranglo and WalletKu generated a combined positive EBITDA of US$1.7 million [9][12] Strategic Focus - Management emphasized the importance of maintaining pricing discipline, with Tranglo's take rate remaining at 0.36% [12] - The company plans to redirect resources from airtime services to AI initiatives to create a more balanced and higher-quality revenue mix [12]

Core Insights - Attorneys general from seven states are initiating an inquiry into buy now, pay later lenders, which include companies like Affirm, Klarna, and PayPal [1] Group 1 - The inquiry targets the practices of buy now, pay later lenders, indicating potential regulatory scrutiny in the industry [1] - The involvement of multiple states suggests a coordinated effort to address concerns related to consumer protection and lending practices [1] - Companies such as Affirm, Klarna, and PayPal may face increased oversight and potential legal challenges as a result of this inquiry [1]

Core Insights - The wealth management industry is experiencing a shift towards automation, but there is a strong belief that human advisors will remain essential [2][3] - Nevis, a startup co-founded by Mark Swan, aims to enhance the operational efficiency of wealth advisors using AI, having secured $40 million in funding [2][5] - The U.S. wealth management sector is projected to face a shortage of 100,000 advisors by 2034, driven by increasing demand and a higher retirement rate than recruitment [5] Company Overview - Nevis was founded by former Revolut executives Mark Swan, Ivan Chalov, and Philipp Burda, with a mission to address the operational challenges faced by wealth advisors [4] - The company has attracted significant investment from notable firms such as Sequoia Capital, Iconiq, and Ribbit Capital, with a recent Series A funding round of $35 million at a valuation of $200 million [2][5] Industry Challenges - The wealth management industry is facing a crisis due to a projected shortage of advisors, which could hinder service delivery as demand for financial advice grows [5] - The current productivity levels in the industry are insufficient to meet the increasing demand for wealth management services [5] Technological Solutions - Nevis is developing software that automates routine tasks for wealth advisors, such as generating meeting summaries and drafting personalized emails, allowing advisors to focus on client relationships [6] - The company plans to expand its software capabilities to include more operational functions, such as opening custody accounts, by early next year [6]

Joining us this morning with some thoughts, Bob Griffeld, managing partner at Cornerstone Financial Technology Management, of course, former CEO of NASDAQ. Bob, good to see you again. Thanks for joining us.>> Glad to be here. >> Sounds like you think this is kind of Nvidia's moving up the stack a little bit. >> Exactly.When you think about him talking about CPUs versus GPUs, we understand that CPUs were commoditized. So basically, I would state that over time hardware consistently has been commoditized. So ...