Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack
by TechCrunch
TechCrunch— Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is […] © 2024 TechCrunch. All rights reserved. For personal use only.
PYMNTS.com—Stripe to Launch Support for Global Stablecoin Payments This Summer. Stripe is bringing back crypto payments after stopping them in 2018. John Collison, co-founder of Stripe, said in a Thursday (April 25) post on X (formerly Twitter): “Crypto is back.” Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist https://t.co/hws2OsU3Id and watch […]
PYMNTS.com—LendingClub Deposits Reach $7.5B as Embedded Finance Beckons. LendingClub noted in its latest results that deposits on its balance sheet grew as customers gravitated to high-yield savings products, credit quality was strong — and embedded finance solutions may offer a new avenue of future growth. As detailed in the most recent earnings materials, deposits of $7.5 billion represented an increase over the $7.3 billion in the […]
ETtech.com—PayU's Wibmo building full-stack payment gateway solutions. PayU-owned Wibmo, a provider of authentication services for online digital payments, is building a complete payment gateway solution.By creating a prepaid issuance stack and a neo-banking solution for banks, Wibmo aims to support digital distribution capabilities of large banks and financial services firms.The company is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer markets.From fetching about 94% of revenues from...