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Klarna IPO and ASML's Mistral bet revive Europe's tech dreams
CNBC· 2025-09-12 05:11
Core Insights - The European technology sector is experiencing significant developments, with notable funding rounds and IPOs indicating a potential resurgence in the region's tech capabilities [4][10]. Company Developments - ElevenLabs, an AI startup, announced a secondary share sale that doubled its valuation to $6.6 billion [1]. - ASML confirmed it is leading a €1.7 billion Series C funding round for French AI firm Mistral, which is now valued at €11.7 billion ($13.7 billion), up from €5.8 billion last year [2]. - Klarna, a Swedish fintech firm, debuted on the New York Stock Exchange with shares closing at $45.82, resulting in a market value exceeding $17 billion [3]. Industry Trends - There is a renewed optimism that Europe can develop a competitive tech industry, countering the long-held belief that Silicon Valley is the sole hub for innovation [4]. - Despite previous setbacks, including the impact of the 2022 Ukraine invasion and rising inflation, the European tech ecosystem has shown resilience and potential for growth [6][9]. - The European tech ecosystem is currently valued at $3 trillion, with projections to reach $8 trillion by 2034, highlighting a significant opportunity compared to the U.S. tech sector, which is valued over $20 trillion [12]. Investment Sentiment - Investors are increasingly viewing European tech as a safe haven amid geopolitical risks and macroeconomic uncertainty, with a growing interest in early-stage entrepreneurial ventures [13][14]. - There is a push for increased allocation from pension funds into European venture capital, as the market remains fragmented with varying regulations across countries [15]. Challenges - Systemic challenges persist in scaling European tech firms to the size of their U.S. and Asian counterparts, including the lack of a unified market and complex regulatory environments [15]. - Initiatives like "EU Inc." aim to simplify regulations across EU member states to bolster the tech sector [15].
Jim Cramer on Affirm Holdings’ CEO: “People Keep Underestimating This Man”
Yahoo Finance· 2025-09-12 04:55
Group 1 - Affirm Holdings, Inc. (NASDAQ:AFRM) has experienced a significant share price increase of over 120% and is expected to benefit from future Federal Reserve rate cuts [1] - Jim Cramer predicts that Affirm's stock price will rise to $100 from its current price of $72, expressing strong confidence in the company's leadership under Max Levchin [2] - Affirm operates a payment platform that allows consumers to split purchases over time, serving various industries including retail, travel, electronics, and fashion [2] Group 2 - While Affirm is recognized for its potential as an investment, there are other AI stocks that may offer greater upside potential and less downside risk [2]
MoneyHero Begins Beta Testing for Credit Hero Club in Hong Kong, Powered by TransUnion
Globenewswire· 2025-09-12 02:30
Core Insights - MoneyHero Limited has launched the invite-only beta version of Credit Hero Club, a platform aimed at enhancing users' understanding of their credit profiles and simplifying the loan application process, with a public launch targeted for Q4 2025 [1][2] Group 1: Product Development - Credit Hero Club is developed in partnership with TransUnion and provides users with access to their credit profiles and personalized loan product information [2] - The beta testing phase will last approximately three weeks, after which product adjustments will be finalized [1][3] Group 2: Market Opportunity - Research from TransUnion indicates that 83% of consumers in Hong Kong hold basic spend wallet credit cards, highlighting a gap in access to diverse credit products [5] - Credit Hero Club aims to address this gap by helping consumers understand their credit profiles and increasing their chances of approval for suitable financial products [5] Group 3: Business Model and Growth - By offering comprehensive credit monitoring and personalized insights, Credit Hero Club positions MoneyHero as a trusted financial platform, enhancing customer engagement and long-term value [4] - The platform is expected to unlock recurring monetization opportunities across lending, insurance, and wealth products, supporting margin-accretive growth [4] Group 4: Company Overview - MoneyHero Limited operates in Greater Southeast Asia, including Singapore, Hong Kong, Taiwan, and the Philippines, with a portfolio of B2C and B2B platforms [7] - As of March 31, 2025, MoneyHero had over 260 commercial partner relationships and approximately 5.7 million Monthly Unique Users [8]
X @Solana
Solana· 2025-09-12 00:04
Singapore has become a hub for fintech and global markets 🇸🇬If you're an ambitious founder looking to accelerate your company's growth in the region, join us at Solana APEX Singapore on September 30th https://t.co/T5Zajxm9FP ...
Oracle is giving Wall Street numbers it can bet on as Larry Ellison's tech giant becomes investors' new favorite AI play
Yahoo Finance· 2025-09-11 21:51
Revenue is expected to hit $18 billion this year for its cloud business, a 77% year-over-year increase. By the start of the next decade, Oracle sees that number ballooning to $144 billion.It's a refreshing take for investors tired of translating the pie-in-the-sky projections so many AI companies make.Oracle's demonstrating how its business is growing from AI with some hard numbers.It's becoming a sort of utility provider for companies in the AI space, offering a bunch of the resources they need to build ou ...
Klarna goes public as more people say buy-now-pay-later is the only way they can afford to buy things
MarketWatch· 2025-09-11 21:25
Core Insights - Fintech company Klarna has made its stock-market debut, indicating a significant milestone for the company [1] - Experts suggest that consumers utilizing buy-now-pay-later services are currently in a vulnerable state, marking a critical moment for this payment method [1] Company Summary - Klarna's entry into the stock market reflects its growth and the increasing relevance of fintech solutions in consumer finance [1] - The timing of Klarna's debut coincides with a challenging environment for buy-now-pay-later consumers, which may impact the company's future performance [1] Industry Summary - The buy-now-pay-later sector is facing scrutiny as consumers navigate financial vulnerabilities, highlighting potential risks within the industry [1] - The mainstream adoption of buy-now-pay-later services has reached a pivotal point, necessitating careful observation of consumer behavior and market dynamics [1]
Why Did Circle Internet Stock (CRCL) Skyrocket Today?
Yahoo Finance· 2025-09-11 21:15
Key Points The last data points the Federal Reserve will consider before making its decision next week were released today. Inflation was hotter than expected, but so was unemployment. Markets are now fairly certain that the Federal Reserve will lower rates. 10 stocks we like better than Circle Internet Group › Shares of Circle Internet (NYSE: CRCL) jumped on Thursday, finishing the day up 17.8%. The rise came as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.8% ...
X @Forbes
Forbes· 2025-09-11 21:15
Klarna Opens Up 30% In First Of Three Fintech IPOs Expected This Week https://t.co/7foEYwR0ts https://t.co/D6BWQR3gbh ...
Why Klarna's Hot IPO Wasn't A Day-One Buy
Investors· 2025-09-11 19:51
Here's How To Categorize Corrections — And Why Doing So Helps Set Expectations 9/10/2025What happens when things get extended … and what should you expect when pullbacks occur? Eric Krull, founder of Krull... SPECIAL REPORT: Most Trusted Financial Companies By Category Klarna stock's post-IPO moves require patience from investors hoping to make money out of the booming "buy now, pay later" trend. Stockholm-based Klarna (KLAR) is among the first wave of personal fintech companies focused on offering short-te ...
Figure Stock Surges In Nasdaq Debut After $787 Million IPO
Forbes· 2025-09-11 19:30
Figure executives, including cofounders Mike Cagney and June Ou, and CEO Michael Tannenbaum, at the Nasdaq opening bell ceremony on Thursday morning.2025 Nasdaq, inc / Vanja SavicHome equity lender Figure Technology Solutions began trading on the Nasdaq stock exchange on Thursday, becoming the latest crypto and blockchain firm to launch into public markets. It opened at nearly $36 per share, more than 40% above its IPO price, before settling back to around $32.Figure’s Wall Street debut comes after the New ...