Pine Labs, an Indian merchant-commerce startup backed by PayPal and Mastercard, is going public this week at a valuation about 40% lower than its last private round — even as it doubles down on plans to take its fintech platform global. The Gurugram-based fintech has set a price band of ₹210–₹221 (about $2.00–$2.50) a share, valuing the company at approximately ₹254 billion (around $2.9 billion) at the upper end of the range. This represents a decline of about 40% from its last private valuation of over $ ...

Animoca Brands plans to go public on the Nasdaq via a reverse merger, the Hong Kong-based metaverse investment firm and crypto game publisher said in a blog post on Monday. The firm, which was valued at $6 billion in 2022, said it would merge with fintech Currenc Group, which trades under the ticker symbol CURR. The firm’s shares dropped 19% to $3.05 on Monday, but were up 61% over the past five trading days, according to Yahoo Finance. The merger is expected to close in 2026, which would result in “the wor ...

LAS VEGAS, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (Trading Symbol ‘IPSI’ on OTCID), a provider of digital payment and fintech solutions, today announced the launch of its next-generation Crypto Payment Platform, designed to provide IPSI’s clients including those in online gaming, iGaming, and sportsbook sectors with seamless, compliant, and secure cryptocurrency payment capabilities. This new platform enables operators to accept and process digital assets such as Bitcoin, Ether ...

BARTLETT, Tenn., Nov. 03, 2025 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG)("SurgePays" or the "Company"), a wireless and fintech technology company connecting underserved consumers to essential mobile and financial services, today announced that it plans to host a conference call and report its financial results for the third quarter ended September 30, 2025, on Wednesday, November 12, 2025.Event: SurgePays Third Quarter 2025 Financial Results Conference CallDate : Wednesday, November 12, 2025Time : ...

BARTLETT, Tenn., Nov. 03, 2025 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG)("SurgePays" or the "Company"), a wireless and fintech technology company connecting underserved consumers to essential mobile and financial services, today announced that it plans to host a conference call and report its financial results for the third quarter ended September 30, 2025, on Wednesday, November 12, 2025. Event: SurgePays Third Quarter 2025 Financial Results Conference CallDate: Wednesday, November 12, 2025Time: 5 ...

Group 1 - PayPal is gaining momentum in AI through partnerships with Google and OpenAI, integrating its payment solutions into their platforms [2][4] - The company's third-quarter results exceeded analysts' expectations, with revenue and adjusted EPS increasing by 7% and 12%, respectively, and total payment volume reaching an annual pace of over $1.8 trillion [4][5] - PayPal has a strong financial position with $14.4 billion in cash and equivalents, and it is expected to generate approximately $7 billion in free cash flow for the year [5][6] Group 2 - The company has prioritized stock buybacks, repurchasing $5.7 billion in stock over the past four quarters, which is likely to continue as a major use of cash [6] - PayPal announced its first-ever dividend of $0.14 per share, translating to an annualized yield of about 0.8%, marking a significant step in its financial strategy [7][8] - The combination of AI initiatives and financial performance positions PayPal as a potential strong investment for those willing to be patient [8]

Core Insights - Coinbase is reportedly close to acquiring BVNK, a London-based stablecoin infrastructure startup, in a deal valued at approximately $2 billion, pending due diligence and potential changes to the terms [1][3] - BVNK, founded in 2021, has raised $90 million in funding from notable investors including Citi Ventures, Haun Ventures, Visa, and Coinbase Ventures [2] - Coinbase aims to expand its business beyond trading fees, with stablecoins contributing nearly 20% of its total revenue in the third quarter [4] Company Strategy - The acquisition of BVNK aligns with Coinbase's strategy to explore various opportunities through building, acquiring, partnering, or investing to enhance global economic freedom [3] - Coinbase has shown a consistent interest in the payments sector, particularly in relation to stablecoins, which are expected to play a significant role in future transactions [4] - The company launched Coinbase Payments in June 2025 to facilitate online transactions using stablecoins, indicating a proactive approach to integrating stablecoin technology into its services [5]

The Hong Kong Monetary Authority announced Fintech 2030, a five-year strategy featuring tokenization as a core pillar for advancing the city’s financial sector. HKMA Chief Executive Eddie Yue unveiled the plan on Nov. 3, 2025, at Hong Kong FinTech Week, with the roadmap including over 40 initiatives across four areas: data infrastructure, artificial intelligence, resilience, and tokenization of finance. The tokenization pillar aims to build a vibrant digital asset ecosystem in Hong Kong through accelerate ...

Core Viewpoint - The proposed merger between Currenc Group Inc. and Animoca Brands aims to create the world's first publicly-listed digital assets conglomerate, enhancing access to the trillion-dollar altcoin digital economy for investors on Nasdaq [1][5]. Group 1: Proposed Merger Details - Currenc Group has entered into a non-binding term sheet to acquire 100% of Animoca Brands' issued shares via a reverse merger [1]. - Upon completion, shareholders of Animoca Brands will own approximately 95% of the new entity, while Currenc shareholders will hold about 5% [2]. - The merger is expected to close in 2026, pending shareholder and regulatory approvals [3]. Group 2: Company Profiles - Currenc Group Inc. is a fintech company focused on AI solutions for financial institutions, including a digital remittance platform that enhances global payment services [7]. - Animoca Brands is recognized as a leader in the digital asset ecosystem, with a diversified portfolio of over 600 companies across various digital asset verticals, including gaming and decentralized finance [4][8]. Group 3: Strategic Implications - The merger is anticipated to unlock significant value for shareholders and position the combined entity as a leader in the digital asset economy, spanning DeFi, AI, NFTs, gaming, and decentralized science [5]. - Currenc plans to divest some existing operations, including its AI-powered solutions, to focus on the merger and the new entity's growth strategy [5][6].

Core Insights - Deel has appointed Joe Kauffman, a former executive from Intuit, as the new chief financial officer to aid in the company's potential plans for an initial public offering (IPO) as early as next year [1] Company Developments - The appointment of Joe Kauffman is a strategic move by Deel to strengthen its financial leadership in preparation for a possible IPO [1]