Finance News

Finance 4 min

FINANCE · 1 Jun 2026 —

Nubank Posts $5 Billion Quarterly Revenue and 135 Million Customers as NuFormer AI Goes Live in Credit Decisioning

Nu Holdings crossed $5 billion in quarterly revenue for the first time in Q1 2026, reported 135 million customers global...

DA

Daniel Koh

1 Jun

Finance 5 min

FINANCE · 1 Jun 2026 —

KakaoBank Lines Up Planners and Managers for Won-Stablecoin Push as South Korea's Crypto Law Stalls Again

KakaoBank has posted roles for stablecoin service planners and business planning managers, while sister company KakaoPay...

DA

Daniel Koh

1 Jun

Finance 5 min

FINANCE · 1 Jun 2026 —

SK Hynix Crosses US$1 Trillion, Giving South Korea Two Trillion-Dollar Companies at Once

SK Hynix shares rose 9.41% on 27 May 2026, pushing its market cap to roughly US$1.07 trillion — three weeks after Samsun...

DA

Daniel Koh

1 Jun

Finance 5 min

FINANCE · 1 Jun 2026 —

SoftBank Dethrones Toyota as Japan's Most Valuable Company on AI Wave, Marking First Shift in 22 Years

SoftBank Group surged 14% in a single Tokyo session on 1 June 2026, pushing its market cap past Toyota's ¥45.8 trillion...

DA

Daniel Koh

1 Jun

Finance 6 min

FINANCE · 30 May 2026 —

Anthropic Is Closing a $30 Billion Round at a $900 Billion Valuation — Past OpenAI

Anthropic is set to close a funding round of more than $30 billion at a valuation above $900 billion — enough to leapfro...

DA

Daniel Koh

30 May

Finance 8 min

FINANCE · 18 May 2026 —

Bloomberg Ships BloombergGPT 2 Inside the Terminal — Beats GPT-5.5 on Financial Tasks at $5K/Month

Bloomberg released BloombergGPT 2 on Monday, exclusively inside the Terminal as a $5,000-per-seat add-on. The 70-billion...

FI

Finance Desk

18 May

Finance 4 min

FINANCE · 18 May 2026 —

Western Union Picks Fireblocks for USDPT — Stablecoin Settlement Hits Remittance Rails First in Philippines and Bolivia

On 4 May 2026 Western Union announced Fireblocks will power USDPT, the company's first U.S. dollar-backed stablecoin. Se...

FI

Finance Desk

18 May

Finance 3 min

FINANCE · 18 May 2026 —

Malaysia Fintech 2030 Launches Talent-Pipeline MoU at Money20/20 Asia in Bangkok

The Fintech Association of Malaysia signed a memorandum with Manaf Gardner Associates at Money20/20 Asia on 2 May 2026,...

FI

Finance Desk

18 May

Finance 9 min

FINANCE · 8 May 2026 —

PayPal's AI Reckoning: New CEO Cuts 4,760 Jobs and Bets $1.5 Billion on Machine-Led Transformation

PayPal announced 4,760 job cuts (20% of workforce) as new CEO Enrique Lores restructures the company into three business...

FI

Finance Desk

8 May

Finance 10 min

FINANCE · 8 May 2026 —

Coinbase Joins PayPal in AI-Driven Job Cuts: Is the Great Fintech Workforce Reset Just Beginning?

Coinbase (14% cuts) and PayPal (20% cuts) announced AI-driven workforce reductions on the same day, capping a wave that...

FI

Finance Desk

8 May

Finance 7 min

FINANCE · 8 May 2026 —

The $860 Billion Agentic Commerce Opportunity: How AI Is Rewiring Global Payments From the Inside Out

PayPal's $860B TAM estimate for its three new business units frames the scale of the agentic commerce opportunity as Str...

FI

Finance Desk

8 May

Finance 5 min

FINANCE · 5 May 2026 —

Bitcoin Breaks $80,000 at Consensus 2026 as ETF Inflows Hit $1.97 Billion in April

Bitcoin broke $80,000 on May 4 as Consensus 2026 opened in Miami. April ETF inflows hit $1.97B — the strongest month of...

RE

RECATOOLS Editorial

5 May