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Wall Street Discipline to Crypto M&A: AlphaTON Partner Yury Mitin, Live at Nasdaq
Yahoo Finance· 2026-02-05 19:12
Watch the interview below, or click HERE: Tech Edge hosted a fireside chat on Feb. 2 at Nasdaq MarketSite with Yury Mitin, partner and Chief Business Development Officer of AlphaTON Capital Corp. (Nasdaq: ATON). The in-person interview was joined by Editor-at-Large Jarrett Banks, and they discussed how the company is acquiring revenue-generating businesses and applying Wall Street discipline to the crypto M&A context, among other topics. About AlphaTON Capital Corp. (Nasdaq: ATON) AlphaTON is the world’s ...
Trump Media Reiterates Record Date for Digital Token Initiative
Globenewswire· 2026-02-02 13:30
DJT Shareholders as of Feb. 2 Eligible to ParticipateSARASOTA, Fla., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“Trump Media” or the “Company”), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, today confirmed the record date for its digital token initiative remains February 2, 2026. Ultimate beneficial owners of at least one whole share of DJT stock, including holders directly register ...
PicPay Takes Its Credit Strategy to Wall Street With US IPO
PYMNTS.com· 2026-02-02 09:00
After moving credit products onto its own balance sheet in late 2022, PicPay now tracks progress through product-level customer satisfaction and deeper use of lending across its existing base.CEO Eduardo Chedid says PicPay’s strategy centers on repairing “broken journeys” in payments and credit by using wallet data and account aggregation to improve underwriting.PicPay’s U.S. IPO comes as Brazil reaches roughly 94% digital adoption, giving FinTechs a broad base for wallet-driven financial services.Watch mor ...
Cantor Fitzgerald Initiates PayPal (PYPL) Coverage with Neutral Rating and $60 PT
Yahoo Finance· 2026-01-31 12:50
PayPal Holdings Inc. (NASDAQ:PYPL) is one of the most undervalued large cap stocks to invest in now. On January 27, Cantor Fitzgerald analyst Ramsey El-Assal initiated coverage of PayPal with a Neutral rating and a $60 price target. El-Assal noted that the recent strategic initiatives have established a more balanced and profitable growth engine across the company’s Branded, PSP, and Venmo units, with momentum expected to drive further volume and revenue acceleration in FY2026 despite intense competitive p ...
Piper Sandler Maintains an Underweight Rating on Block, Inc. (XYZ)
Yahoo Finance· 2026-01-29 12:36
Group 1 - Block, Inc. is included in Cathie Wood's Growth Stock Portfolio, indicating a positive outlook from notable investment figures [1] - Piper Sandler has maintained an Underweight rating on Block, Inc. and reduced its price target from $55 to $51 ahead of the company's quarterly reports [2] - Truist has reaffirmed a Hold rating on Block, Inc. and increased its price target from $68 to $72, anticipating strong fourth-quarter results but cautioning about year-over-year comparisons [3] Group 2 - Block, Inc. has raised its full-year gross profit outlook to $10.2 billion for 2025, consistent with the previous quarter's forecast [4] - The company reported a net income of $461.54 million, or 74 cents per share, significantly up from last year's net income of $283.75 million, or 45 cents per share [4] - Block, Inc. provides payment services and has developed Cash App, a person-to-person payment network, highlighting its role in the FinTech sector [4]
Brazil's PicPay Reaches $2.5 Billion Valuation in US IPO
PYMNTS.com· 2026-01-29 11:45
Company Overview - Brazilian FinTech PicPay has successfully raised $434 million in its U.S. initial public offering (IPO) [1] - The company sold 22.8 million shares at $19 each, achieving the high end of its target price range, and is set to begin trading on Nasdaq [2] - The IPO values PicPay at $2.5 billion, marking a significant move for its owners, Wesley and Joesley Batista, who are also looking to list their global meatpacking business JBS in the U.S. market [2] Industry Context - The IPO occurs during a resurgence of funding in the Latin American FinTech space, particularly from venture capital, which has facilitated ongoing financial innovation [4] - Digital wallets, account-to-account transfers, and real-time payment systems are increasingly replacing cash, modernizing commerce and enhancing access to formal financial services [5] - By 2030, digital payments are expected to account for approximately two-thirds of eCommerce transaction value and nearly half of point-of-sale value in Latin America, indicating a structural shift in consumer behavior [5] Brazil's Digital Payment Landscape - Brazil is leading the region in digital payments, with 61% of Brazilian consumers using mobile phones for retail purchases, the highest rate among surveyed countries [5] - The infrastructure supporting this behavior includes Pix, Brazil's government-backed real-time payment system, which processed 64 billion transactions in 2024, surpassing combined debit and credit card volumes [6] - Additionally, Brazil-based digital bank Inter has received regulatory approval to operate in the U.S., further expanding the country's financial services landscape [6]
Revolut Launches Mexico Bank and Debuts Subscriptions in UK
PYMNTS.com· 2026-01-27 18:31
British FinTech Revolut has officially launched its banking operations in Mexico.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Revolut Bank S.A Institución de Banca Múltiple is the first bank the company has esta ...
FinTechs and Automakers Rush for Bank Charters
PYMNTS.com· 2026-01-26 23:01
De novo charters and ILCs are reshaping competition, allowing nonbanks to build purpose-designed, digital-first banks with access to insured deposits and lending power.After years of relying on sponsor banks and acquisitions, regulatory thaw and consumer openness to neobanks have accelerated direct entry into the regulated banking system, including trust and digital asset charters.Nonbanks and firms like Revolut, Affirm, PayPal, Ford and General Motors are pursuing bank charters or industrial loan companies ...
Block (XYZ): Truist Expects Strong Q4 2025 Results
Yahoo Finance· 2026-01-26 14:57
Block, Inc. (NYSE:XYZ) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 20, Truist analyst Matthew Coad lifted the firm’s price objective on the company’s stock to $72 from $68, while keeping a “Hold” rating, as reported by The Fly. This was seen as part of the broader research note, which previewed Q4 2025 earnings in FinTech. Truist Raises PT on Block (XYZ) Stock The analyst expects the quarter’s results to be strong. However, a difficult YoY comparison could restrict t ...
BNPL Provider Affirm Applies to Establish Bank Subsidiary
PYMNTS.com· 2026-01-23 16:54
Core Insights - Affirm is seeking to establish a bank subsidiary named Affirm Bank to enhance its financial services and product offerings [2][3] - The proposed bank will be a Nevada-chartered industrial loan company, allowing Affirm to scale operations while being FDIC-insured [2][3] - Affirm's CEO, Max Levchin, emphasized that the banking subsidiary would diversify the platform and provide more accessible financial products to consumers and merchants [4] Company Developments - Affirm has submitted applications to the Nevada Financial Institutions Division and the FDIC for the establishment of Affirm Bank [2] - If approved, Affirm Bank will operate independently with its own governance and internal controls [3] - The establishment of the bank is part of Affirm's strategy to expand access to financial products, particularly for younger consumers and those underserved by traditional credit systems [5] Industry Context - The trend among FinTech companies, including Affirm, is to pursue bank charters to broaden product lines and streamline access to the U.S. financial system [6] - Other FinTechs, such as Revolut, are also seeking banking licenses to enhance their service offerings in the competitive retail finance market [6]