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Capital One to acquire payments fintech Brex in $5B deal
American Banker· 2026-01-22 22:01
Key insight: Capital One will expand its business payments capabilities by acquiring Brex for $5.15 billion in cash and stock.Processing ContentWhat's at stake: Brex offers corporate card services, expense management and payments solutions for businesses, especially startups. Forward look: Capital One expects the deal to close in mid-2026.This is a developing story. It will be updated. Capital One Financial announced Thursday that it will acquire payments-focused fintech Brex in a deal valued at $5.15 bi ...
Capital One to buy fintech firm Brex in $5.15 billion deal
Reuters· 2026-01-22 21:09
Capital One Financial will acquire fintech firm Brex in a cash and stock deal valued at $5.15 billion, the company said on Thursday. ...
Capital One Strikes $5.15 Billion Deal for Fintech Brex
WSJ· 2026-01-22 21:00
The deal would give the credit-card issuer access to technology used by thousands of companies for corporate credit cards. ...
KLAR ALERT: Hagens Berman Investigating Alleged Claims in Securities Class Action Against Klarna Group (KLAR) Over 102% Spike in Credit Loss Provision
Prnewswire· 2026-01-22 20:50
Partner Reed Kathrein Investigating Claims of Understated Loss Reserves and Lending to Financially Vulnerable Consumers; February 20 Deadline Next Steps: Contact Partner Reed Kathrein Today Hagens Berman is a top-tier plaintiff litigation firm recognized for prosecuting securities fraud class actions. Mr. Kathrein is actively advising investors who purchased KLAR shares pursuant to the September 2025 IPO and suffered substantial losses. SAN FRANCISCO, Jan. 22, 2026 /PRNewswire/ -- National shareholder right ...
U.S. fintech could gain as Trump pushes affordability agenda, Citi says
Yahoo Finance· 2026-01-22 15:02
By Kanishka Ajmera and Rashika Singh Jan 22 (Reuters) - U.S. fintech stocks could gain an edge as Washington leans into a more populist, affordability-driven agenda ahead of the November 2026 midterm elections, analysts at Citigroup said in a note. President Donald Trump's latest policy push is prompting investors to reassess parts of the financial sector, with his emphasis on affordability potentially opening the door for fintech challengers instead of traditional lenders, the brokerage said. Compa ...
SHAREHOLDER ALERT: Berger Montague Reminds Klarna Group PLC (NYSE: KLAR) Investors of Class Action Lawsuit Deadline
Globenewswire· 2026-01-22 13:36
PHILADELPHIA, Jan. 22, 2026 (GLOBE NEWSWIRE) -- National plaintiffs’ law firm Berger Montague PC announces that a class action lawsuit has been filed against Klarna Group plc (NYSE: KLAR) (“Klarna” or the “Company”) on behalf of investors who purchased or otherwise acquired Klarna securities during the period of September 7, 2025 through December 22, 2025 (the “Class Period”), including shares issued pursuant and/or traceable to Klarna’s September 2025 initial public offering (“IPO”). Investor Deadline: Inv ...
MoneyHero Group CEO Issues Strategic Updates to Shareholders
Globenewswire· 2026-01-22 13:00
SINGAPORE, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Dear Shareholders, The year 2025 marked a pivotal chapter in our strategic reset, the inflection point that paved a path to Adjusted EBITDA profitability through decisive operational discipline. Over eighteen months ago, MoneyHero was losing money at scale. We faced a fundamental question: could a Greater Southeast Asian fintech platform built in a different era compete in a world where healthy unit economics, disciplined capital allocation, and artificial intel ...
Tiger Global, Microsoft set for full exit as PhonePe files updated IPO papers
BusinessLine· 2026-01-22 12:45
Tiger Global and Microsoft are set to make a full exit from PhonePe as the Walmart-backed digital payments major moves closer to a blockbuster public listing, offering a clear snapshot of how global investors are monetising bets made during India’s fintech boom.Bengaluru-based PhonePe has filed an updated Draft Red Herring Prospectus (UDRHP) with market regulator SEBI after receiving clearance for its confidential filing earlier this week. The IPO will comprise a pure offer-for-sale (OFS) of 5.06 crore equi ...
ZET gains NPCI nod to offer UPI payments via RuPay credit cards
Yahoo Finance· 2026-01-22 12:19
Core Insights - ZET has received approval from the National Payments Corporation of India (NPCI) to operate as a third-party application provider (TPAP) within the Unified Payments Interface (UPI) system, enabling the launch of ZET UPI for credit card payments [1][2] Group 1: Service Launch and Features - ZET UPI allows users to make UPI payments using RuPay credit cards issued through its platform, expanding the use of credit cards for everyday transactions [2] - The service is designed to integrate seamlessly into users' daily lives while promoting healthy credit habits without altering payment methods [2] - The new feature leverages the RuPay UPI-on-credit-card framework, processing UPI transactions via a credit facility rather than directly from bank accounts [2] Group 2: Infrastructure and Partnerships - The payment infrastructure is built on technology from Juspay and is supported by RBL Bank as the banking partner [3] - ZET credit card holders with active subscription plans will receive cashback incentives on UPI payments, in addition to existing card rewards [3] Group 3: Market Potential and User Base - ZET focuses on secured credit cards to assist users with limited or no credit history, helping them build credit scores through consistent usage and timely repayments [4] - The company anticipates that UPI transactions using credit cards on its platform could reach approximately ₹1 billion per month [4] - ZET has an eligible user base of around one million, with approximately 75% being first-time credit cardholders [5]
Payoneer Receives In-Principle Authorization as Cross-Border Payment Aggregator in India
Prnewswire· 2026-01-22 11:00
Payoneer supports customers in over 190 countries and territories, leveraging a robust network of nearly 100 banking and payment service provider partnerships. Over the trailing 12 months as of Q3 2025, the Company served nearly two million active customers and processed over $80 billion in transaction volume. With around 100 dedicated customer success managers across 35 countries—fluent in more than 20 languages—Payoneer builds strong, local relationships with SMBs to help them grow and scale globally. Pay ...