If you have even a passing familiarity with Silicon Valley or cryptocurrency, you’ve likely heard of Andreessen Horowitz, one of tech’s highest-profile venture capital firms. The firm, which tech insiders call a16z, is famous in part because of its investments—Facebook, Coinbase and other familiar names—but also because of its mastery at charming (and manipulating) the […]
This is the web version of The Ledger, Fortune’s weekly newsletter covering financial technology and cryptocurrency. Sign up here to get it free in your inbox. Two hours after officially cancelling his $5.3 billion deal with Visa, Zach Perret doesn’t sound like a guy who just walked away from a lifechanging transaction (and accompanying amount […]
Affirm, a business that has helped popularize a “buy now pay later” trend for Internet shopping, offered its shares to the public on Wednesday. The listing came weeks after the company pulled back its initial IPO plans amid uncertainty over how to price the sale. Affirm ultimately listed its shares at $49 under the ticker […]
Affirm, a business that has helped popularize a “buy now pay later” trend for Internet shopping, offered its shares to the public on Wednesday. The listing came weeks after the company pulled back its initial IPO plans amid uncertainty over how to price the sale. Affirm ultimately listed its shares at $49 under the ticker […]
One year after Visa announced its agreement to buy fintech startup Plaid, the companies on Tuesday walked away from the deal amid regulatory opposition that threatened to hold up the merger for years. The proposed $5.3 billion deal was one of the fintech industry’s largest in history, and preceded a flurry of other mergers by […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Modern Treasury, a financial technology firm focused on connecting business payments infrastructure to the Internet, today announced $38 million in new funding on Tuesday. The round was led by Altimeter Capital. No new valuation for […]
Good morning, and welcome back! That’s assuming, of course, that you’re among those lucky enough to have had an actual winter break, a moment of rest as we left behind the most trying year in living memory. That wasn’t the case for many of our readers, however, thanks to an 11th-hour regulatory push by the […]
After Mahmoud Abdelkader ceded his final firm,” a fiscal technician, or fintech, company in which he worked as chief technology officer, to longtime rival Stripe in 2015, the stunt meant just temporary defeat. At the moment, Abdelkader was constructing payments railings for internet marketplaces. However, he understood, answers to the thorny issue of securely transferring […]
Upstart, a San Mateo, Calif.–based startup which utilizes artificial intelligence to assist banks make financing decisions, went public on Wednesday. Fortune caught up by Dave Girouard, Upstart’s chief executive, about the day the fiscal technology, or fintech, firm debuted. The inventory fast”appeared” in the introductory cost of $20 per share $35 percent –and from press […]
Here is the internet edition of The Ledger,” Fortune’s weekly newsletter covering fiscal engineering and cryptocurrency. Subscribe here to receive it free on your inbox. Fantastic morning, Ledger readers. Now, Bitcoin finally spanned —nay, crushed –that the emotional markers of 20,000, and is currently trading about $20,600. It is a remarkable landmark for a money […]