Fintech

Lending Platform SoFi's Revenue Jumps 56% in Q3
The company's Nasdaq-listed shares rose 13% in premarket trading.

Digital Bank Revolut to Allow Customers to Make Purchases With Crypto Balances
The fintech firm recently won registration from the U.K.'s financial regulator to offer crypto services.

Umee CEO on DeFi Outlook Amid Rising Inflation
Umee Founder and CEO Brent Xu discusses the path ahead for DeFi markets and the wider fintech ecosystem, explaining the impact of rising inflation. Plus, a preview of his speech "Evaluating Debt Markets in DeFi" at CoinDesk's I.D.E.A.S. 2022 in New York City.

Celebrity-Backed Fintech for Teens, Step Receives $300M in Debt Funding
The app also launched a crypto trading feature, starting with bitcoin

Fintech App Eco to Convert User Balances From US Dollars to USDC
Eco will use digital settlement-service platform Zero Hash to custody the stablecoins.

Fintech Startup TrueLayer Trimming 10% of Staff, Citing Challenging Market Conditions
About 45 employees will be laid off from the firm, which was valued at over $1 billion a year ago.

Fintech Firm Lightnet Group Gets $50M From LDA Capital to Boost Velo Protocol's Technology
The firm has the option to raise the total commitment to up to $100 million over the next three years.

OpenNode Exec on Partnership With Stripe to Allow Bitcoin Conversion Payments
OpenNode is partnering with fintech firm Stripe to allow merchant customers to instantly convert all or portions of incoming payments to bitcoin. OpenNode Head of Strategy Josh Held shares insights into the launch, consumer demand from around the world, and the potential obstacles ahead.

Bitcoin Is Far More Than a New Form of Money
Bitcoin is a complex financial ecosystem with its own currency, and independent of traditional financial platforms.


