European rival to PayPal and Square makes $317 million acquisition to expand in the U.S.

A customer uses a SumUp payment card reader in Lisbon, Portugal, on Sept. 13, 2019. Angel Garcia | Bloomberg via Getty Images LONDON — SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S. and take on giants like PayPal and Square. The company said … Read more

Developers are building ways to skirt Apple’s cut of in-app purchases in preparation for new rules

Tim Cook at WWDC21 on June 7th, 2021. Source: Apple Developers are building new software for apps that lets companies bill customers without paying Apple, which takes up to 30% of app sales. They’re preparing for new changes Apple has to implement after a federal judge ruled in September that Apple has to let app … Read more

Affirm says crypto investing will soon be available to customers with savings accounts

A shopper looks through clothes on her iPad device. Source: Twenty/20 Affirm, an online lender that helped popularize the “buy now, pay later” business model before moving deeper into banking, just became the latest fintech company to hop on the bitcoin bandwagon. In an investor presentation Tuesday night, Affirm CEO Max Levchin said his company … Read more

How buy now, pay later became a $100 billion industry

Klarna logos displayed on a laptop and phone screen. Jakub Porzycki | NurPhoto via Getty Images Buy now, pay later is having a moment. Millions of shoppers now use a buy now, pay later, or BNPL, service to finance their purchases. And the options are more varied than ever — Klarna, Affirm and Afterpay are … Read more

Fintech wars are heating up as they encroach on each other’s turf — How investors should play it

The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images Earlier this week, CNBC reported that PayPal is exploring ways to let users trade individual stocks. Since all of the major fintechs now have the goal of becoming customers’ digital financial supermarket, CNBC Pro broke down which … Read more

Stocks making the biggest moves midday: PayPal, Generac, Dave & Buster’s and more

A worker inspects a 24-kilowatt Generac home generator at Captain Electric on February 18, 2021 in Orem, Utah. George Frey | Getty Images Check out the companies making headlines in midday trading. Affirm, Amazon — Shares of Affirm soared more than 40% after the buy-now, pay-later company announced a partnership with Amazon. The e-commerce giant … Read more

Affirm shares soar on news of Amazon partnership for buy now, pay later

Amazon is getting into the buy now, pay later space. The e-commerce giant is partnering with Affirm for its first-ever installment payments option on the popular e-commerce site. Affirm’s buy now, pay later checkout option will be available to certain Amazon customers in the U.S. starting Friday with a broader rollout in the coming months, … Read more

David Tepper bet on Uber and Peloton rival Beachbody in the second quarter

David Tepper took out a position worth roughly $102 million in Uber in the second quarter, SEC filings show. Source link

Google billionaire Larry Page has been granted New Zealand residency

Alphabet CEO, Larry Page.  Emmanuel Dunand | AFP | GettyImages Larry Page, the billionaire Google co-founder, has been granted residency in New Zealand and spent time in the country during the coronavirus pandemic, the New Zealand government confirmed to CNBC Friday. Page, 48, applied for New Zealand residence in November 2020 via the nation’s “Investor … Read more

Stocks making the biggest moves premarket: Comcast, Merck, Temper Sealy, Yum and others

Names on the move ahead of the open. Source link