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Netcapital Acquires Iverson Design Assets and Proprietary AI Design Technology Suite
Globenewswire· 2026-01-06 21:22
Core Viewpoint - Netcapital Inc. is accelerating its transformation into a tokenization and digital asset platform through the acquisition of Iverson Design, enhancing its capabilities in AI-powered design and visualization tools [1][3]. Group 1: Acquisition Details - Netcapital acquired the assets of Iverson Design, a creative studio led by Michael Iverson, known for developing motion graphics, 3D product visualization, and immersive digital experiences [2][3]. - As part of the acquisition, Michael Iverson will join Netcapital as Chief Design Director and Head of AI Experience, bringing his expertise in AI-driven design and animation [3]. Group 2: Strategic Importance - The acquisition is positioned as a strategic move to enhance Netcapital's offerings in tokenization, making complex financial concepts more accessible to everyday investors [4]. - The integration of Iverson Design's technologies aims to create visually appealing and understandable tokenization experiences, facilitating fractional ownership of businesses and projects [4]. Group 3: Potential Benefits - The transaction is expected to lead to AI-assisted design workflows that will shorten turnaround times for investor materials and content [7]. - A narrative-driven approach will be adopted to simplify the explanation of tokenization and digital asset concepts for issuers and investors [7]. - The acquisition will also provide 3D visualization and real-time rendering capabilities to showcase tokenized assets effectively [7].
Class Action Filed Against Klarna Group plc (KLAR) - February 20, 2026 Deadline to Join – Contact Levi & Korsinsky
Globenewswire· 2026-01-06 21:00
NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Klarna Group plc ("Klarna Group plc" or the "Company") (NYSE: KLAR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Klarna Group plc investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons who purchased or otherwise acquired Klarna securities pursuant and/or traceable to the registration statement and related prospect ...
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Klarna Group plc (KLAR) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
Globenewswire· 2026-01-06 20:58
Core Viewpoint - A shareholder class action lawsuit has been filed against Klarna Group plc, alleging that the company materially understated the risk of increased loss reserves shortly after its IPO, leading to false and misleading public statements [1]. Group 1: Lawsuit Details - The lawsuit claims that Klarna's management either knew or should have known about the heightened risk profile associated with its buy now, pay later loans [1]. - The allegations suggest that the public statements made by Klarna were materially false and misleading at all relevant times and were negligently prepared [1]. Group 2: Investor Information - Investors who purchased Klarna shares during the September 2025 IPO and suffered significant losses are encouraged to discuss their legal rights with the law firm Holzer & Holzer [2]. - The deadline for investors to request to be appointed as lead plaintiff in the case is February 20, 2026 [3].
KLAR ALERT: Klarna Group plc Sued For Securities Fraud; Investors Who Lost Money Should Contact Block & Leviton to Potentially Recover Losses
Globenewswire· 2026-01-06 19:57
Core Viewpoint - A securities fraud lawsuit has been filed against Klarna Group plc and certain executives, alleging misleading statements in their IPO registration [1][2]. Group 1: Lawsuit Details - Klarna Group conducted its IPO at $40 per share on September 10, 2025 [2]. - The complaint claims that the Registration Statement contained false and misleading statements regarding the risk of loss reserves increasing shortly after the IPO [2]. - It is alleged that the defendants either knew or should have known about the risk profile of individuals taking Klarna's buy now, pay later loans, leading to materially false public statements [2]. Group 2: Investor Eligibility - Any investor who purchased Klarna Group plc common stock and experienced a decline in share value may be eligible to participate in the lawsuit, regardless of whether they sold their shares [3]. Group 3: Next Steps for Investors - The deadline to seek appointment as lead plaintiff is March 6, 2026, and a class has not yet been certified [4]. - Investors who have lost money are encouraged to contact Block & Leviton for further information [4]. Group 4: Whistleblower Information - Individuals with non-public information about Klarna Group are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 5: About Block & Leviton - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].
Why Chime Financial Stock Was Music to Investor Ears in December
Yahoo Finance· 2026-01-06 19:24
Core Insights - Chime Financial experienced a significant stock price increase of over 19% in December, driven by an upgrade from Goldman Sachs and positive analyst coverage [1] Group 1: Analyst Upgrades - Goldman Sachs analyst Will Nance upgraded Chime's stock from neutral to buy on December 1, setting a new price target of $27 per share [2] - B. Riley analyst Hal Goetsch initiated coverage with a buy recommendation and a price target of $35 per share, indicating strong growth potential for Chime [5] Group 2: Product Innovation - The upgrade from Nance was influenced by the launch of the Chime Card, an innovative credit product that is an evolution of the secured credit card [3] - Nance believes the Chime Card will generate higher revenue and profitability due to increased fees and customer uptake, surpassing current expectations [4] Group 3: Executive Changes - Chime announced the promotion of three executives, including Mark Troughton as president, Janelle Sallenave as chief operating officer, and Vineet Mehra as chief growth officer [7]
Should You Buy SoFi Technologies (SOFI) Stock Before Jan. 30?
Yahoo Finance· 2026-01-06 18:21
Business Overview - SoFi, originally founded as Social Finance in 2011, has evolved from providing student loans to a comprehensive digital banking platform offering auto loans, mortgages, personal loans, credit cards, insurance, estate planning, stock trading, and cryptocurrency services [3][4] - The company acquired Galileo, a digital payment processing firm, in 2020 and launched its own direct bank after obtaining a U.S. bank charter in 2022, which has helped attract a younger customer base [4] User Growth and Product Expansion - As of the end of Q3 2025, SoFi serves 12.6 million members with 18.6 million products in use, a significant increase from 2.5 million members and 1.9 million products at the end of 2021 [5] - Galileo operates separately and hosts nearly 160 million accounts, contributing to SoFi's overall growth [5] Financial Performance - From 2021 to 2024, SoFi's adjusted revenue is projected to grow at a CAGR of 37%, increasing from $1.01 billion to $2.61 billion, while adjusted EBITDA is expected to rise at a CAGR of 181%, from $30 million to $666 million [6] - Despite challenges such as the freeze on student loan payments and higher interest rates, SoFi has maintained strong growth [6] Revenue Generation - The majority of SoFi's profits come from interest and fees on loans, with additional revenue from securitizing loans, investment and brokerage fees, swipe fees from card network partners, referral fees, and subscription fees from its premium SoFi Plus tier [7] Market Position and Valuation - SoFi's fintech platform continues to attract millions of new users and is expanding its fee-based ecosystem to reduce reliance on interest income [8] - The stock appears reasonably valued, although there are concerns that Wall Street's expectations may be overly optimistic [8]
STOCKHOLDER ALERT: Pending Securities Fraud Lawsuit Against Klarna Group PLC (KLAR)
TMX Newsfile· 2026-01-06 15:36
Core Viewpoint - A class action lawsuit has been filed against Klarna Group plc on behalf of investors who acquired Klarna securities during the specified class period, alleging that the company failed to disclose material financial risks in its IPO documents [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Klarna underestimated the likelihood of rising loss reserves shortly after its IPO, which is linked to the high-risk profiles of its customers [3]. - Investors who purchased Klarna securities during the class period have until February 20, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Financial Impact - Following a report on November 18, 2025, that Klarna had set aside greater provisions for credit losses than anticipated, the company's share price declined by 21% from the IPO price of $40 to $31.31 [4].
PayPal Leverages Massive Data Trove to Challenge Advertising Giants
PYMNTS.com· 2026-01-06 14:00
Core Insights - PayPal has launched its Transaction Graph Insights & Measurement program to provide merchants with a comprehensive view of consumer spending habits across the internet [1] - The program aims to position PayPal as a more accurate alternative to traditional tech giants by tracking verified purchases rather than just clicks or impressions [2][6] Program Features - The program utilizes a "transaction graph" that connects signals from 430 million consumer accounts and tens of millions of merchants, allowing advertisers to see the complete purchase journey [3] - It includes an interactive analytics dashboard for brands to visualize shopper journeys and a measurement suite for reporting on campaign attribution and sales lift [4] Industry Impact - Mark Grether, senior vice president and general manager of PayPal Ads, emphasized the importance of data-driven precision in advertising solutions, stating that real commerce data is essential for meeting the needs of empowered shoppers [5] - Early results indicate success, with Ulta Beauty reporting a 20% increase in transaction spend via PayPal during a campaign utilizing these insights [6] Validation and Expansion - To ensure data objectivity, PayPal has launched a partnership program with third-party firms like Experian, TransUnion, and Kantar to independently validate campaign results, initially available for U.S.-based advertisers [7] - The program is expected to expand to the United Kingdom and Germany [7] Related Developments - This initiative follows a partnership with generative AI search engine Perplexity, which integrated PayPal to provide personalized results based on user history [8]
Treasure Global Concludes Alumni Capital Equity Line Facility to Streamline Capital Structure and Focus on Fintech & Digital-Asset Growth
Globenewswire· 2026-01-06 13:03
Core Insights - Treasure Global Inc. has concluded its equity line facility with Alumni Capital LP, resulting in no further dilution for the company [1][3] - The equity line facility, established under a Purchase Agreement, provided discretionary access to equity financing until December 31, 2025 [2] - The completion of the facility allows the company to focus on scaling its OXI Wallet and advancing its UNIRWA real-world-asset initiatives without additional financial obligations [4] Company Overview - Treasure Global is a technology solutions provider based in Malaysia, specializing in platforms that drive digital transformation in retail and services [5] - The company's flagship product, the ZCITY Super App, integrates e-payment solutions with customer loyalty rewards, boasting over 2.7 million registered users as of June 2025 [5] - The company leverages advanced technologies such as artificial intelligence and data analytics to enhance its capabilities across e-commerce and fintech sectors [5]
Broadridge Completes Acquisition of Acolin, Unlocking Seamless Cross-Border Distribution and Enhanced Data-Driven Solutions for Clients
Prnewswire· 2026-01-06 08:00
Core Insights - Broadridge Financial Solutions has completed the acquisition of Acolin, enhancing its distribution solutions for asset managers and regulatory services in the global asset management industry [1][2] Group 1: Acquisition Details - The acquisition of Acolin, a European provider of cross-border fund distribution and regulatory services, aims to expand Broadridge's capabilities in helping asset managers enter new markets and grow their assets [1] - Acolin serves over 350 clients and provides access to more than 3,000 distributors across over 30 countries, offering solutions that include fund registrations, legal representation, and ongoing compliance management [2] Group 2: Strategic Benefits - The integration of Acolin's distribution and compliance technology with Broadridge's existing analytics and investor communications will enhance regulatory and fund compliance services throughout the fund lifecycle [2] - This combination will enable asset managers to centrally manage the lifecycle of fund launches, allowing for the creation of appropriate products tailored to specific markets [2] Group 3: Company Overview - Broadridge Financial Solutions is recognized as a global technology leader, providing transformative technology and expertise to the financial services industry [3] - The company processes over 7 billion communications annually and supports daily trading of over $15 trillion in various securities globally [4] - Broadridge is part of the S&P 500 Index and employs over 15,000 associates across 21 countries [4]