Yesterday, Fingo, a YC-backed Kenyan fintech, launched its neobank, which it developed in collaboration with Pan-African financial institution Ecobank Kenya. The Ecobank subsidiary unveiled the neobank, the first of its kind in the East African country, according to the pair, in an event with the country’s president, William Ruto, in attendance. It’s taken a while…
Stock futures higher as Apple, bank stocks lift sentiment; April jobs report in focus amid ‘data dependent’ Fed; Apple shares jump as iPhone sales power Q2 earnings beat; Warner Bros Discovery earnings on deck after Paramount plunge and Banks trim borrowing from Fed, Pacwest, Western Alliance rebound…
Meesho has cut 15% of its workforce, or 251 roles, as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This is the second round of job cuts at Meesho, which eliminated about 150 roles a year ago. The Bengaluru-headquartered startup, backed by Fidelity, Prosus, SoftBank,…
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French startup Green-Got is building an alternative to your traditional bank account with a focus on climate change. Essentially, Green-Got guarantees that your savings and the money that is sitting in your bank account aren’t going to finance fossil fuel projects and other polluting industries. The startup recently raised a $5.5 million (€5 million) funding…
Microsoft is embarking on the next phase of Bing’s expansion. And — no surprise — it heavily revolves around AI. At a preview event this week in New York City, Microsoft execs including Yusuf Mehdi, the CVP and consumer chief marketing officer, gave members of the press including this reporter a look at the range…
Four days after the failure of First Republic Bank, pressure is mounting on PacWest, which is trying to reassure investors as best it can…
One, two, three and four. Four U.S. regional banks fell in two months, victims of bank runs by their customers, who were worried about losing their funds. It all started on Mar. 8 with the announcement of Silvergate, a bank serving the cryptocurrency industry. It was the first U.S. bank to go out of business…
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