Visa is acquiring Tel Aviv-based fraud detection startup BioCatch for $2.4 billion in cash from private equity firm Permira and other investors. BioCatch’s platform analyses keystroke timing, touchscreen pressure, swipe patterns, and device handling to…
Robinhood is launching a second publicly traded closed-end fund that will invest in private companies from the Y Combinator ecosystem. Robinhood Ventures Fund II filed to offer 7.6 million shares at $25 each, with pricing expected after market close on…
Revolut is handing its customers free access to ChatGPT, the result of a new partnership with OpenAI. The fintech, which says it now serves more than 75 million people worldwide, is bundling OpenAI’s ChatGPT Go into its subscription plans, giving anywh…
The startup, which sells everything from sneakers to sports cards over livestream, is raising again barely a year after an $11.5bn round, as live commerce catches on in the West. Whatnot, the livestream-shopping platform where hosts sell sneakers, trad…
The energy firm is the first live test case for Lava Network’s tokenization sandbox, which says it has fielded 40-plus institutional applications since June. Germany has a battery problem. Last year, the country curtailed more than 2,700 GWh of solar g…
Shein wanted its Hong Kong listing to be about growth. Instead, the filing meant to sell that story revealed a US regulator is investigating the company, and Shein will not say why. The disclosure sits in the draft prospectus for Shein’s planned IPO, R…
PayPal finally addressed the $53bn offer sitting on its table. Its answer was: not at that price. The company gave its first public response on Tuesday’s Q2 earnings call, alongside a beat. Chief executive Enrique Lores would not comment on Stripe and …
Apple has a new answer to the complaint that its products cost too much. Do not buy them. Lease them. On Tuesday the company launched Apple Upgrade in the US, a leasing programme run by the buy-now-pay-later firm Klarna. It covers the iPhone, Apple Wat…
Visa is cutting about 2,600 jobs, roughly 7% of its staff, and it is cutting them mostly from the teams that build its technology. The money it saves is going into the payment methods that could one day make those rails matter less. The payments networ…
Two hotel groups moved into ChatGPT this week, a day apart and at opposite ends of the market. Radisson Hotel Group launched an app on Tuesday, built with Accenture, covering more than 1,000 hotels in over 100 countries. G6 Hospitality launched a plugi…