The Latest Breaking News from fintech

Jack Dorsey's fintech company will replace recently acquired Hess in the S&P 500 Index.

Shares of Block, Inc. (NYSE:XYZ) rose sharply in pre-market trading ahead of the SP 500 debut of the Jack Dorsey-founded fintech company.

When Xero announced its $2.5 billion acquisition of Melio, the fintech world took notice. Melio isn't the biggest player in U.S. SMB payments—its 80,000 customers and $30 billion in annual bill-pay volume are dwarfed by Bill.com's $338 billion run-rate—but its strengths run deep, and that's exactly why Xero pounced. What…

Shearer's vision goes far beyond fintech. His philanthropic work supports a broader vision that includes working with indigenous tribes to document, understand, and empower these communities and peoples.

Fintech firms are likely to report "solid" results for the second quarter, while projecting accelerated sequential revenue growth for the third quarter, according to Seaport Research Partners.

Several payments and fintech stocks such as Affirm Holdings Inc. (NASDAQ:AFRM), PayPal Holdings Inc. (NASDAQ:PYPL) and Mastercard Inc. (NYSE:MA) are under pressure this week after JPMorgan Chase Co. announced it will begin charging significant fees for access to customer bank account data.

Ant Group, the Chinese fintech powerhouse backed by Jack Ma, is reportedly planning to integrate Circle's USDC (CRYPTO: USDC) stablecoin into its global blockchain platform.

Chime Financial is well-positioned to grow its cloud-native, mobile-first fintech platform and drive robust cash flow for investors.

Fundstrat Global Advisors Head of Research Tom Lee compared Robinhood Markets Inc. (NASDAQ:HOOD) to Morgan Stanley (NYSE:MS) for the younger generation, drawing parallels to how discount brokers emerged for baby boomers in the 1980s.