#fintech

#fintech

In a post on Truth Social, Trump said on Friday he would call for a one-year cap of 10% on credit card interest rates, arguing that consumers are being "ripped off" by rates that he said can be as high as 20% or 30%. Congress, not the president, has the power to implement such a cap. Similar proposals have previously stalled on Capitol Hill.

There was a time when banks and fintechs competed mostly on bells and whistles: smoother apps, faster checkout, appealing rewards. But in the world of public markets and quarterly earnings, functionality gives way to fundamentals. At the intersection of traditional banking and modern fintech lies a simple but growing question: what actually drives sustainable value for banks today? Is it the buzz‑worthy growth of payment volumes and new revenue streams - or the old‑school strength of deposit balances and net interest income?

The acquisition brings together two of Africa's leading fintech infrastructure companies. Flutterwave operates one of the continent's widest payments networks, while Mono, often described as the "Plaid for Africa," has built APIs that allow businesses to access bank data, initiate payments, and verify customers. Mono has raised about $17.5 million from investors, including Tiger Global, General Catalyst, and Target Global.

I was entirely on my own when I was 19. While I was enrolled in college, I worked full-time at night in the call center of a fintech company, Jack Henry & Associates. It was a gritty, hands-on role, but an exciting time to be with the company, which was growing quickly. I didn't have a typical college experience. I worked a lot so I could pay for my car and home. At work, I put my hand up any chance I could. I was never the smartest person, but I worked really hard and was always willing to figure out problems. Even if I'd never done something, I would figure it out. I couldn't afford to fail, personally or professionally.

SoFi Technologies Inc.'s ( NASDAQ: SOFI) chief executive officer stated at a conference earlier this year that the fintech company is targeting 30% member growth and 20% revenue growth. The stock is trading for 2.9% less than a week ago, after SoFi launched a fully reserved U.S. dollar-backed stablecoin. Note that the share price is still up 71.2% from six months ago, far outperforming the S&P 500 and Nasdaq. SoFi's one-year gain is 72.5%.

Givefront, a YC-backed startup founded by 21-year-old Harvard dropout Matt Tengtrakool and UC Berkeley's Aidan Sunbury, aims to change that. The company is building a financial platform designed specifically for nonprofits, including food banks, animal rescues, non-governmental organizations, churches, and homeowner associations. Nonprofits generate roughly 6% of the U.S. GDP and contribute trillions of dollars each year, yet most still rely on outdated financial tools. Givefront believes that modern spend management, compliance, and reporting infrastructure-tailored to nonprofit realities-can unlock significant efficiency gains across the sector.

"Securing capital remains a significant hurdle for small businesses striving to grow and scale,"

It wasn't just shoppers with strapped budgets that boosted buy-now, pay-later services to a record-setting $1 billion in transactions on Cyber Monday.

It wasn't just shoppers with strapped budgets that boosted buy-now, pay-later services to a record-setting $1 billion in transactions on Cyber Monday. It was also the brands and fintech companies that pushed the services front and center. This holiday season, more brands deployed BNPL services with different payment options beyond the more familiar "pay-in-four" structure, whether a six-month payment plan at 0% interest or a 24-month installment loan with interest. And the services are showing up in more digital wallets.

Block ( NYSE: XYZ) has delivered strong momentum in 2025, with shares climbing steadily as the company demonstrates improving profitability and operational leverage. The fintech platform operator behind Square and Cash App has transformed from losses just two years ago to consistent quarterly profits, with Q3 2025 earnings surging 64% year over year. With Wall Street's consensus target at $84, investors are asking whether Block can push to $100 in 2026.

American homeowners manage some of the largest household expenses in the country - mortgage payments, home improvements, utilities, and maintenance - yet credit card rewards have largely ignored these categories in favor of luxury travel and dining perks that feel out of reach for most families. With 86 million owner-occupied homes and mortgage payments averaging $1,500 monthly, homeownership represents the single largest recurring financial commitment for most Americans, creating an untapped opportunity to deliver meaningful financial benefits where households actually spend.

Jarred Kessler has spent over fifteen years at the intersection of finance, technology, and real estate. He is known for building companies that rethink traditional models and deliver new solutions for both investors and consumers. From raising $150 million in startup capital to leading innovative real estate platforms, Kessler has established himself as a strategic thinker and transformative leader. "I've always believed that the best opportunities come from understanding change before it happens," Kessler says.

Sequoia-backed fintech platform Aspora, which lets the Indian diaspora send money back to India, is launching a new feature for users to pay bills. This means Non-Resident Indians (NRIs) can pay utility bills or recharge their mobile prepaid plans for their family. The startup said that until now, users had to either transfer the money to their Indian accounts or ask someone to handle the bills for them.

"The response since we launched early access has been fantastic and is already mirroring our remarkable first round,"

Nikul is a significant hire who will be a transformational member of our leadership team, said loanDepot's founder and CEO, Anthony Hsieh. Not only does he bring an impressive track record of success from his years at LendingTree, but he also has a unique mix of fintech and public company experience that will serve us well. Hsieh continued, As we pursue what I believe is the biggest market opportunity I have ever seen,

Today I'm joined by Paul Gu, co-founder and Chief Technology Officer of Upstart. Paul's journey reads like a modern Silicon Valley story-from Chinese immigrant to Yale dropout, he became part of the inaugural class of Thiel Fellows before co-founding Upstart in 2012. Under his leadership, Upstart has gone from zero model training data points in 2013 to processing 91 million data points today. Their AI predicts both default and prepayment likelihood for every month of a loan's term.