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Revolut is reportedly allowing workers to sell their holdings at a $75 billion valuation.
The most valuable FinTech in the United Kingdom informed staff members Monday (Sept. 1) that they will be permitted to sell up to 20% of their shares to make space for other investors, the Financial Times reported Monday, citing unnamed sources and a document it viewed.
Revolut’s performance in...
Just two customers drove 39% of chipmaker Nvidia’s second-quarter revenue, TechCrunch reported Saturday (Aug. 30), citing a securities filing.
The filing came in the wake of Nvidia’s earnings report last week, in which the firm, the most valuable company in the world, logged record revenue of $46.7 billion during the quarter, a 55% jump fueled largely by the artificial intelligence...
A group of intelligence agencies is warning about the rise of China’s “global espionage systems.”
The warning came from agencies that include the Cybersecurity and Infrastructure Security Agency (CISA), the FBI and the National Security Agency (NSA) in the form of an advisory highlighting the way state-backed hackers such as Salt Typhoon penetrate networks around the world, according...
The upcoming expiration of federal electric vehicle credits is reportedly fueling an automotive sales boom.
It’s the end of an era for the United States car sector, The Wall Street Journal reported Monday (Sept. 1). Dealers have spent years selling electric cars but are now preparing for the federal government’s $7,500 tax credit for electric vehicle purchases to expire Sept. 30.
Car...
Strategy, the software-firm-turned-bitcoin-treasury-pioneer, reportedly qualified for a potential S...
New data found that nearly a third of all adults in the United Kingdom now use open banking services.
Figures from Open Banking Limited showed that more than 15.6 million people and businesses use services powered by open banking, according to a Monday (Sept. 1) press release. In July, open banking services were used a record 2.04 billion times, a 3.5% increase from the previous month...
Payments company Wise is reportedly weighing becoming a full-fledged bank in the United Kingdom.
The company has been in touch with experienced financial services executives in the last two months about roles in a future banking business, British newspaper The Times reported Monday (Sept. 1). The plans are in the early stages, as Wise has not yet applied for a banking license.
A...
Cross-border payment and digital financial network Obita received more than $10 million in an angel round.
The new funding will be used for research and development, compliance infrastructure development and market expansion, aimed at speeding the deployment of Obita’s stablecoin-based cross-border payment network, according to a Monday (Sept. 1) press release.
“Amid a global wave of...
Summer is over. Time for PYMNTS to look back on the season’s best quotes from PYMNTS Intelligence and our news and feature stories.
“They have white labeled premium products or materials for highly purchased categories like athletic wear. They also have established exclusive partnerships with athletic companies to carry products on online storefronts like Nike. This has enabled Amazon...
Multiple industries including cloud, chips, data storage, semiconductor manufacturing, data centers and servers are seeing revenue gains from artificial intelligence (AI), cementing its role as an economic driver.
The main catalyst is increasing enterprise adoption of AI. A 2025 PYMNTS Intelligence report shows that 9 in 10 chief financial officers (CFOs) see “very positive ROI” from...