Market cap overhang a challenge for potential listing: PhonePe

Walmart-backed fintech major PhonePe on Wednesday said the market cap overhang is a challenge for the…

Dressing Pine Labs for IPO: What ‘fintech bully’ Amrish Rau can learn from Paytm

Rau met Shailendra Singh, the managing director of Peak XV Partners (formerly Sequoia), for coffee. The…

Power marks up value of stake in Wealthsimple for third consecutive quarter

Hike to $1.5 billion CAD reflects rise in public markets and Wealthsimple’s performance. Montréal-based Power…

CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers

Rohit Chopra, director of the Consumer Financial Protection Bureau, during a House Financial Services Committee hearing…

Citigroup tops expectations for profit and revenue on strong Wall Street results

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California,…

How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts

When Natasha Craft first got a Yotta banking account in 2021, she loved using it so…