TrustPay, known for its acquiring and online payment services across Europe, has officially rebranded as finby and at the same time secured a new financial license in Malta. According to the company, the twin announcements mark a significant moment for the Slovak company as it looks to broaden its role in the fast-evolving payments industry.Discover how neo-banks become wealthtech in London at the fmls25New Brand and Broader ReachThe rebrand signals more than a cosmetic change. finby describes the new identity as a reflection of “clarity, adaptability and ambition,” capturing what it sees as the next stage of its growth. The Maltese license further strengthens its regulatory base, enabling the company to expand services and increase its footprint in European markets.Commenting about the move, David Rintel, the CEO of finby, said: “Rebranding to finby marks an evolution for our company. Our new identity reflects the clarity, adaptability, and ambition that define the next phase of our growth. Securing a Maltese license further strengthens our foundations and extends our ability to serve clients across Europe.”Aiming for Faster PaymentsWhile the company has changed its name, its goals remain consistent. finby plans to provide what it calls faster and smarter solutions tailored to the needs of international merchants and e-commerce businesses. Rintel emphasized that although the brand is new, the firm’s long-standing dedication to strong partnerships and reliable service has not changed.Read more: London-Listed Beeks Financial Partners With TMX for Cloud-Based Market Access ServiceFounded in 2009, TrustPay – now finby – has built a client base among online businesses managing cross-border transactions. It offers acquiring services and local payment options tailored to the requirements of each European market. The addition of the Maltese license expands its regulatory reach and positions it for further growth in a sector where speed and compliance are increasingly critical.EU Oversight Reshapes MaltaMalta has become a hub for crypto and payments firms in recent years, but regulators are steadily tightening oversight. This year, the Malta Financial Services Authority (MFSA) ordered all locally licensed crypto-asset service providers (CASPs) to set up dedicated websites for clients in the EU and EEA.The move followed the regulator's sweeping review into how Maltese-licensed firms are applying the EU’s new Markets in Crypto-Assets Regulation (MiCA). The MFSA found that several companies, particularly those operating as part of global groups, run websites with layered navigation structures and mixed content targeting different jurisdictions. Under the new directive, firms must channel EU/EEA clients to websites containing jurisdiction-specific information and make transparent disclosures where offerings are restricted or unavailable. This article was written by Jared Kirui at www.financemagnates.com.

Is your business ready to face the growing threat of financial crime?Financial Crime 360, taking place on 3rd November 2025 in London, is where the industry unites to find the answers. Organised by The Payments Association, this flagship conference equips leaders with the insights, strategies, and tools to stay one step ahead in the fight against financial crime.Get your tickets nowThis must-attend event brings together professionals across payments, banking, fintech, and financial services for a day of collaboration, innovation and actionable solutions in the fight against financial crime.With fraud, money laundering, scams and cybercrime at the top of the regulatory and reputational agenda, Financial Crime 360 delivers a 360-degree perspective on the challenges and opportunities shaping the future of financial crime prevention. With 60+ expert speakers and 45+ exhibitors, the event provides actionable insights and unparalleled networking opportunities with regulators, solution providers and financial institutionsWhy attend Financial Crime 360?Financial Crime 360 is the most influential financial crime and fraud prevention event in Europe. Attendees gain direct access to the strategies and technologies driving resilience across the sector.• Hear from 60+ leading experts sharing best practices and real-world case studies• Connect with 1500+ payments prpfessionals from across payments, fintech, and banking• Stay ahead of regulatory changes and compliance requirements• Discover cutting-edge solutions to fraud, AML, and cybercrime challenges• Strengthen partnerships with peers, clients and providers who are shaping the industry’s futureHow to attendRegistration for Financial Crime 360 2025 is now open. Secure your place today to join the payments industry’s leading voices in the fight against financial crime.Reserve your space here: https://eu1.hubs.ly/H0n26080The risks are real. The threats are growing. The time to act is now.Don’t miss the opportunity to be part of the most influential financial crime event of the year. We look forward to welcoming you to Financial Crime 360! This article was written by Finance Magnates Staff at www.financemagnates.com.

Bitget Wallet integrated Brazil’s PIX instant payment network, opening the door for everyday purchases with digital assets like USDT and USDC.PIX and the Crypto ConnectionPIX, launched in 2020 by the Central Bank of Brazil, has rapidly become the backbone of the country’s payment system. By 2024, it reportedly processed 64 billion transactions worth $4.6 trillion, outpacing both credit and debit card payments. More than 150 million Brazilians and millions of businesses rely on it daily for transactions.Digital assets meet tradfi in London at the fmls25According to the announcement, Bitget Wallet’s new feature allows users to scan any PIX QR code and pay with stablecoins across multiple blockchains, including Ethereum, BNB, Solana, Tron, Ton, and Base. Merchants still receive Brazilian reais, ensuring seamless settlement on their end.“The integration of PIX marks a milestone for crypto adoption in Brazil,” commented Jamie Elkaleh, CMO of Bitget Wallet. “Our vision is to give users the freedom to pay with crypto anywhere, anytime, without barriers. By connecting to PIX, we are bridging global digital assets with Brazil's vibrant real-time payment infrastructure, making everyday crypto use as seamless as possible.”A Push for Everyday UseThe PIX rollout is part of Bitget Wallet’s broader strategy to expand real-world use cases for crypto in Latin America. In August, the firm launched a zero-fee Mastercard-linked crypto card that allows stablecoin spending worldwide. The wallet also supports QR-based payments through Solana Pay and regional QR code integrations in Southeast Asia.Additionally, Bybit recently partnered with Tether to expand the adoption of cryptocurrency in Brazil. The collaboration marks another step in integrating digital assets into Brazil’s financial and consumer landscape.Related: Tourists in Rio May Soon Pay with Crypto as Bybit and Tether ExpandAs part of the initiative, Bybit and Tether are working with Visit Rio, the city’s tourism authority, to bring cryptocurrency payments into the tourism sector. The plan reportedly includes enabling tourists to pay for services, tours, and shopping in crypto, with potential perks such as discounts and USDT rewards. The move comes at a time of rising stablecoin usage in Brazil. Central Bank Director Gabriel Galípolo recently noted that about 90% of the country’s crypto transactions involve stablecoins, mainly tied to cross-border payments This article was written by Jared Kirui at www.financemagnates.com.

Revolut is seeking to convince investors of its $75 billion valuation as it reports strong revenue growth and weighs a bold expansion into the United States. The fintech said its second-quarter revenue climbed to $1.4 billion, a 46% jump from last year, as it prepared to close its latest fundraising round, Bloomberg reported. Revenue Growth Outpaces ExpectationsInvestor documents show Revolut generated £1.01 billion ($1.4 billion) in revenue for the second quarter, up from £694 million a year earlier. Growth accelerated further in recent months, with July revenue at £373 million and August at £410 million.Discover how neo-banks become wealthtech in London at the fmls25That trajectory puts the company on track to exceed £4.1 billion in annual revenue, compared with £3.1 billion in 2024, when it also posted record pretax profit of £1.1 billion. Revolut now serves more than 60 million customers across Europe, Latin America, the Middle East, and Asia.The fundraising, internally called “Project Athens,” has a deadline for investor interest this week, according to people familiar with the matter. The round is expected to set Revolut’s valuation at $75 billion.Related: Revolut Invest Crushes 34 Polish Brokerages But Can't Touch XTB's CrownIn parallel, the company has explored ways to provide liquidity to existing shareholders. Employees have discussed selling their shares at the same valuation, while Revolut offered to repurchase up to 10% of shares from eligible investors last month.US Ambitions Take Center StageRevolut has told investors it could use part of the proceeds to acquire a US bank, people familiar with the matter told Bloomberg. The company is still weighing whether to pursue an acquisition or apply for its own license.“The United States represents a key pillar of our global growth strategy,” Chief Executive Officer Nik Storonsky said in a statement. Revolut has pledged to invest more than $500 million in the country over the coming years and expects to create hundreds of jobs.Meanwhile, Revolut is focused on capturing new markets as part of its expansion strategy. This month, the company recently secured in-principle approval from the Central Bank of the United Arab Emirates for its Stored Value Facilities and Retail Payment Services licenses. The UAE has emerged as a priority market for Revolut. It combines rapid digital adoption with a regulatory environment that encourages innovation in payments and fintech. This article was written by Jared Kirui at www.financemagnates.com.

Google is bringing digital money into artificial intelligence. The company unveiled a protocol that allows AI applications to send and receive payments, including stablecoins pegged to traditional currencies. The move comes in partnership with Coinbase, the Ethereum Foundation, and more than 60 other firms spanning finance and technology.From Conversation to TransactionThe initiative reportedly builds on Google’s earlier Agent2Agent protocol, which standardized communication between AI applications. Named Agent Payments Protocol (AP2), the new framework extends this model to financial transactions. Additionally, it introduces rails for both crypto and traditional payment methods, including credit cards, bank transfers, and stablecoins.Discover how neo-banks become wealthtech in London at the fmls25“AP2 is an open, shared protocol that provides a common language for secure, compliant transactions between agents and merchants, helping to prevent a fragmented ecosystem,” the company announced today (Tuesday). “It also supports different payment types–from credit and debit cards to stablecoins and real-time bank transfers.”Coinbase has worked closely with Google on the effort, drawing on its own development of AI-integrated payments. Other collaborators include Salesforce, American Express, and Etsy, underscoring the aim to make the system interoperable across industries.AI agents are increasingly capable of acting without direct human input. This creates new risks for payments, which traditionally assume a human is present to authorize each step. AP2 seeks to resolve questions of authorization, authenticity, and accountability in agent-led transactions.Keep reading: PrimeXM Promotes Christina Barbash to Chief Commercial OfficerThe protocol provides a shared foundation for merchants, users, and institutions, aiming to reduce fragmentation while ensuring compliance and security. Google said the system supports multiple payment methods to give participants flexibility and scalability.Riding the Stablecoin WaveThe timing coincides with rapid growth in stablecoin adoption. According to DefiLlama, circulation has reached $289 billion, up from $205 billion at the start of the year. The rise has drawn investor interest, with USDC issuer Circle’s IPO earlier this year described as a sign of strong market appetite.By embedding stablecoins into its AI ecosystem, Google aims to align with a wider trend in digital finance. The company’s announcement signals a potential shift in how automated systems could handle transactions, from routine shopping to more complex tasks like mortgages. This article was written by Jared Kirui at www.financemagnates.com.

eToro Europe Ltd. has received approval to offer cryptoasset services in Germany under the Markets in Crypto-Assets Regulation. The company announced that all cryptoasset trading for German clients will be conducted directly through eToro EU, ending the use of DLT Finance for trading services on the platform.Tangany Keeps Custody, Trading Requires ConsentClients will need to accept revised Terms and Conditions to continue trading. A notification will appear upon login to confirm acceptance. Digital assets meet tradfi in London at the fmls25Those who do not accept will lose access to trading services, but their existing holdings will remain in custody with Tangany GmbH. Assets may also be withdrawn to another custodian, subject to Tangany’s procedures.eToro EU Keeps Custody, May ExpandThe company said custody arrangements remain unchanged at this stage, though eToro EU may provide custody in the future. Any such change will be announced in advance. Read More: Global Market Movers: The Biggest Winners and Losers of 2025 (YTD).eToro also noted that while it is MiCA-authorized, it is not classified as a MiCA trading platform where trades occur directly between buyers and sellers. Instead, eToro acts as the counterparty, and transactions may take place outside regulated venues.eToro Adds Cryptoassets, New Deposits, EU ComplianceeToro recently expanded its cryptoasset offering by adding five new tokens: LayerZero, ZKsync, Pyth, EigenLayer, and Swell. The additions include Layer-2 and DeFi solutions, with EigenLayer and Swell classified as experimental and subject to trading limits. These assets are not available to users in the U.S., UAE, Germany, or Australia. The platform continues to provide access to over 100 cryptoassets while operating under MiCA and MiFID regulations to maintain compliance and investor protection.In addition, eToro has introduced new deposit options for European users, allowing funding via credit card or bank transfer in eight local currencies. The platform has also reduced foreign exchange fees. In the UK, eToro launched a DIY ISA alongside its existing managed ISA, giving clients access to over 1,000 assets for self-directed or professionally managed investing. Separately, eToro Group has filed for a US IPO with the SEC, following an earlier SPAC merger attempt in 2021 that was later abandoned. This article was written by Tareq Sikder at www.financemagnates.com.

Robinhood Derivatives filed a federal lawsuit yesterday (Monday) seeking to block Massachusetts regulators from enforcing state gambling laws against its sports prediction market operations, jumping into a broader legal fight over who controls event-based trading platforms.According to Bloomberg Law, the trading subsidiary of Robinhood Markets (NASDAQ: HOOD) sued Massachusetts Attorney General Andrea Joy Campbell and five Gaming Commission officials in federal court, arguing the state lacks authority to regulate its $1 billion quarterly trading volume in sports-related event contracts.Join IG, CMC, and Robinhood in London’s leading trading industry event!Robinhood Files Federal Lawsuit To Block Massachusetts From Targeting Sports Prediction MarketsRobinhood's legal challenge comes three days after Campbell sued prediction market platform Kalshi for allegedly operating an unlicensed sports betting service in the state. The company offers customers access to sports event contracts through a partnership with Kalshi, which operates under federal oversight by the Commodity Futures Trading Commission (CFTC).“Sports wagering comes with significant risk of addiction and financial loss and must be strictly regulated to mitigate public health consequences,” said AG Campbell. “This lawsuit will ensure that if Kalshi wants to be in the sports gaming business in Massachusetts, they must obtain a license and follow our laws. I am grateful for the ongoing partnership with the Gaming Commission.” The lawsuit represents the latest escalation in a nationwide dispute over whether states can regulate federally approved prediction markets. Federal courts in Nevada and New Jersey have ruled in favor of platforms like Kalshi, while a Maryland judge recently sided with state regulators.You may also like: Robinhood Files Fund to Let Retail Investors Buy into Private FirmsBusiness Protection Drives Legal ActionRobinhood argues it had no alternative but to seek federal court protection after Massachusetts explicitly referenced the company in its lawsuit against Kalshi. The state alleged roughly $1 billion worth of Kalshi contracts traded through Robinhood's platform during the second quarter alone."There is a real and imminent threat that Massachusetts will file a similar complaint and motion against Robinhood," the company stated in court filings. The lawsuit warns that enforcement action would expose Robinhood to civil and potentially criminal penalties while causing immediate reputational damage.Preemption Claims Challenge State AuthorityThe company's central legal argument rests on federal preemption under the Commodity Exchange Act, which grants the CFTC "exclusive jurisdiction" over derivatives trading on approved exchanges. Robinhood contends that because all actual trades occur on Kalshi's federally regulated platform, state gambling laws cannot apply.Massachusetts takes a different view, arguing that prediction markets constitute sports betting that requires state licensing regardless of federal oversight. Gaming attorney Daniel Wallach noted that Robinhood chose to file in federal court rather than intervene in the pending state case against Kalshi, describing the move as "forum-shopping" to avoid more stringent legal analysis.Jurisdictional Fight Spreads NationwideThe Massachusetts dispute adds to mounting legal conflicts over prediction market regulation across multiple states. Nevada, Maryland, and New Jersey courts have all examined whether federal commodities law trumps state gambling authority, producing split decisions that may eventually require Supreme Court resolution.Five other states with legal sports betting have issued cease-and-desist orders against Kalshi, while the platform has won preliminary relief in some jurisdictions. The outcome of these cases will determine whether prediction markets can operate nationwide under federal oversight or must navigate a patchwork of state gambling regulations.Robinhood did not hold back, and at the end of August it sued Nevada and New Jersey, alleging that it faces an “immediate threat of civil penalties and criminal prosecution” in both states. This article was written by Damian Chmiel at www.financemagnates.com.

Robinhood Markets filed to launch a new fund giving retail traders exposure to companies before they go public, aimed at opening private markets to everyday investors. According to the fintech giant, the new platform, dubbed Robinhood Ventures DE, LLC, submitted an initial registration statement to the U.S. Securities and Exchange Commission for Robinhood Ventures Fund I (RVI). Once approved, the closed-end fund would invest in private companies and make its shares available to the public.Shifting Investment Landscape“For decades, wealthy people and institutions have invested in private companies while retail investors have been unfairly locked out. With Robinhood Ventures, everyday people will be able to invest in opportunities once reserved for the elite,” commented Robinhood Chairman and CEO Vlad Tenev.Discover how neo-banks become wealthtech in London at the fmls25The filing comes as the pool of U.S. public companies continues to shrink. Listed firms have reportedly dropped from about 7,000 in 2000 to roughly 4,000 in 2024, limiting choices for retail traders. In contrast, private companies have grown in both scale and value, with estimates placing the market above $10 trillion.RVI will reportedly focus on a concentrated portfolio of firms in high-growth industries, holding stakes through IPO and beyond. The fund intends to diversify across multiple sectors while keeping a long-term view.SEC Review Still PendingShares of RVI cannot be sold until the SEC declares that the registration is effective. Robinhood said it expects the fund to list on the New York Stock Exchange under the ticker symbol RVI. Investors would be able to buy and sell shares through brokerages such as Robinhood Financial LLC.Related: Robinhood CEO Reveals: “I Was Never Really Doing It for the Money”The planned fund follows Robinhood’s earlier move in Europe to launch private tokenized stocks. With RVI, the company is seeking to extend that model to U.S. markets and widen access to private firms for retail investors.Most recently, Robinhood has been strengthening its offerings. The company has announced plans for a new social trading platform that will let users share live positions and performance.The company unveiled Robinhood Social at its annual HOOD Summit in Las Vegas, alongside new AI-powered trading tools and an expansion of its futures offerings. The platform will reportedly roll out by invitation to select U.S. customers early next year, with wider access to follow. This article was written by Jared Kirui at www.financemagnates.com.

Ebury, a global financial technology firm, has been appointed as the Official FX Partner of Brazilian football club Botafogo, winners of the Copa Libertadores. Earlier, the firm entered a partnership with Southampton Football Club for the 2024–2025 season. Ebury’s sports portfolio also includes Rangers, PSV Eindhoven, and AS Monaco.Services Provided to Botafogo“We believe that our offerings are perfectly suited to help Brazilian clubs thrive,” Maurits Zwart, Global Head of Sports at Ebury, said. Under the Botafogo partnership, the club will use Ebury’s financial services to manage treasury operations and support international business activities. The agreement also includes digital media collaboration, marketing rights, and LED stadium visibility during matches.“We look forward to partnering with more teams as we see them growing at a rapid pace and proving that they can both develop incredible talent and compete with the best in the world,” Zwart added.Trade and Finance ServicesEbury provides international trade and finance services, including payments and collections, FX risk management, cash management strategies, and business lending in over 130 currencies.You may find it interesting at FinanceMagnates.com: Ebury Expands Team with Two Hires for Derivatives and APAC Coverage.Ebury Bank Brazil, authorised by the Central Bank of Brazil, maintains a local presence and aims to make international payments and trade infrastructure accessible and tailored to businesses of different sizes.Expansion in FX and CFD BrokerageSeparately, Ebury has begun onboarding foreign exchange and contracts for difference brokers. The platform now hosts more than 20 brokers and offers services such as IBANs in 20 countries, FX hedging, SWIFT GPI tracking, and corporate cards.Ebury Appoints Goldman Sachs for IPOEbury has appointed Goldman Sachs to lead its planned £2bn IPO, targeting a listing in London despite challenging market conditions. The fintech, owned by Santander, could go public in the first half of next year. Earlier, the firm partnered with dLocal and expanded in Brazil with Ebury Bank following its acquisition of Bexs Group. This article was written by Tareq Sikder at www.financemagnates.com.

Robinhood Markets (NASDAQ: HOOD) CEO Vlad Tenev built a $90 billion financial empire, but wealth was never the driving force behind his mission to upend traditional Wall Street gatekeepers."When I started the company, I was worth nothing," Tenev said during a Bloomberg Wealth interview. "But things haven't changed very much for me, as it might be a little bit surprising because I was never really doing it for the money."The Bulgarian immigrant's journey from aspiring mathematician to fintech disruptor reveals how Silicon Valley's "get customers first, monetize later" playbook transformed an entire industry. Today, Robinhood operates nine separate revenue streams generating more than $100 million each annually.From Academic Dreams to Trading Floor RealityTenev's path to financial services started with failure. He and Co-Founder Baiju Bhatt launched their first venture as a hedge fund focused on proprietary trading immediately after graduate school."It didn't ultimately succeed. It was sort of like a fairly quick failure," Tenev admitted. The 2008 financial crisis, which began during his first month in UCLA's mathematics PhD program, provided the catalyst for their pivot."My Co-Founder, Biju, found a job at an algorithmic trading firm. And the first month that I was in graduate school in his first month at this algorithmic trading firm, 2008 financial crisis began," Tenev recalled. "So Lehman Brothers went belly up, stock market crashed."That crisis sparked an insight about technology's potential to democratize trading. Watching institutional clients trade billions through automated systems maintained by just "a handful of software engineers," Tenev wondered why retail investors couldn't access the same efficiency.Robinhood’s Commission-Free RevolutionRobinhood's zero-commission model forced every major brokerage to eliminate trading fees, fundamentally reshaping the industry. But Tenev dismisses the idea that his company pioneered commission-free trading."I think that a lot of people talked about zero commissions being the future, and there were some startups that didn't really work out that tried zero commissions. On a more promotional basis," he said. "But certainly the industry moved to zero commissions as a result of robinhood's impact."The company's early strategy borrowed from Silicon Valley's biggest success stories. "Instagram, Uber, you know, Medha, formerly Facebook at that time, and the playbook was, why don't we just get customers?" Tenev explained.Their thesis proved correct. Starting with angel investors writing $5,000 checks pitched with the same intensity as presentations to top-tier venture firms, early backers who "still holding on" have seen extraordinary returns on their initial investments.Building the Financial Super AppToday's Robinhood spans far beyond stock trading. The platform encompasses brokerage services, derivatives trading through futures commission merchant operations, cryptocurrency exchange capabilities, banking products, and credit cards."At the highest level, we have a couple of large businesses," Tenev said, describing the company's structure. Recent acquisitions include registered investment advisory platform Trade PMR and cryptocurrency exchange Bitstamp, which adds institutional capabilities.The diversification strategy has made the business more resilient to market cycles. During 2022's challenging period for growth stocks, Robinhood's expanded offerings helped weather volatility."We have Robinhood Gold, our subscription offering, we offer high interest which allows customers and us to benefit from increased rates," Tenev noted. "We've done really, really well on the active trader side. Growing market share and active traders actually do tend to be more resilient."The Private Markets ProblemDespite his success in democratizing public markets, Tenev identifies a major remaining barrier for retail investors: access to private companies where most significant returns now occur."A big tragedy is that private markets are where the bulk of the interesting appreciation and exposure is nowadays," he said. "If you want early exposure or even medium to late stage exposure as a retail investor, you're largely shut out."The shift represents a fundamental change from earlier eras when technology companies went public at lower valuations, providing massive growth opportunities for retail investors. Now companies often reach hundreds of billions in private market valuations before going public."In the days of a technology company going public at a valuation of hundreds of billions and then giving you a thousand or 10,000 x return in the public markets are getting increasingly more and more rare," Tenev explained.Tokenization Technology as Market SolutionRobinhood is positioning blockchain-based tokenization as the solution to private market access barriers. The technology converts real-world assets into digital tokens that can trade continuously on global markets. The company has already launched tokenized stock products in Europe and piloted private company tokens for SpaceX and OpenAI, demonstrating how traditionally illiquid investments could become accessible to retail investors. Tenev believes this represents the most significant capital markets innovation in over a decade, potentially transforming how everything from private equity to real estate changes hands in financial markets.We’re giving away the first Private Company Stock Tokens of Open AI and Space X.If you’re a Robinhood EU customer and you qualify, you are now able to claim your tokens in-app until July 7th.#RobinhoodPresents https://t.co/oX97lRQ8Vc pic.twitter.com/rkK1JKxHiC— Robinhood EU (@RobinhoodApp_EU) June 30, 2025AI Without ReplacementWhile co-founding AI mathematics lab Harmonic alongside running Robinhood, Tenev maintains a measured view of artificial intelligence's role in finance. The company, which recently raised Series B funding led by Kleiner Perkins, focuses on building "mathematical superintelligence.""I think that every company will become an AI company, but that will happen at an even more accelerated rate," he predicted. However, he rejects the notion that AI will replace human decision-making in financial planning."I don't think there's going to be a future where AI just does all of your thinking, all of your financial planning, all the strategizing for you," Tenev said. "It'll be a helpful assistant to a trader and also to your broader financial life. But I think the humans will ultimately be calling the shots."The Founder's ParadoxTenev's approach to wealth contradicts traditional investment wisdom about diversification. While financial advisors typically recommend spreading risk across multiple assets, successful founders often do the opposite."The traditional investment advice is to make sure you're diversified and that you have a well-balanced, diversified portfolio," he acknowledged. "And I think that's interesting because nobody wants you to be diversified as a founder.""The shareholders don't want you to be diversified. They want you maximally exposed, in fact, to the one asset you're watching," Tenev explained. "So it's much more of put all of your eggs in one basket and watch that basket very, very carefully."His personal wealth has experienced dramatic swings alongside Robinhood's stock price, from billions at the 2021 IPO peak to significant declines and recent recovery. Through it all, his motivation remains unchanged."My motivation is creating new things. If you create new things that are more useful and become the standard, that's really what gets me excited," Tenev said. This article was written by Damian Chmiel at www.financemagnates.com.

Retail investors are regaining confidence in the US market after two quarters of decline, according to the latest quarterly Retail Investor Beat survey from trading platform eToro.The survey, which covered 10,000 retail investors across 12 countries, found that 38 percent now view the US as the region with the strongest long-term return potential. This marks a 12 percent increase from the previous quarter, reversing consecutive declines of 9 percent in the first quarter and 17 percent in the second.Portfolio allocations reflect the same trend, with 43 percent of investors now holding exposure to the US market, an 8 percent rise from the prior quarter and the highest level since the survey began in early 2023.Caution Toward the Magnificent 7“Now, as confidence in the resilience of the US economy improves, we’re seeing a reversal of that trend," eToro’s Global Market Strategist Lale Akoner, commented."Portfolios are once again tilting back toward the US, reflecting recognition that, despite global diversification, the American market remains the cornerstone of global investing,” Akoner, added. At the same time, retail investors are showing more caution toward the so-called Magnificent 7 technology stocks, which include Amazon, Apple, Microsoft, Meta, Tesla, Nvidia, and Alphabet. Thirteen percent expect these stocks to significantly outperform the market in 2025, while 33 percent expect slight outperformance. You may find it interesting at FinanceMagnates.com: 27% of Retail Investors Shift Away from Big Tech Giants: eToro Survey.The number of investors planning to reduce exposure has grown modestly across all seven companies compared with a year earlier. Tesla saw the largest change, with a 6 percentage point increase in the share of investors not invested or not planning to invest.US Dollar Holds Reserve Currency StatusRetail investors also remain attentive to the outlook for the US dollar. Half of respondents reported they had adjusted or were planning to adjust their portfolios for possible long-term weakness. However, 83 percent believe the dollar will retain its position as the global reserve currency over the next 10 years. Only 7 percent expect it to lose that status, with bitcoin, the Chinese yuan, the euro, gold, and central bank digital currencies cited as possible alternatives.Read More: Retail Investors Confident about Portfolio despite 2022 Bear Market.“Retail investors are effectively balancing diversification with a clear acknowledgment that long-term growth opportunities are still heavily anchored in the US,” Akoner, noted. Recession Fears Ease, Domestic Risks RiseThe survey further indicated easing fears of a global recession. Twenty-three percent listed the global economy as the top risk to their portfolios, down from 26 percent in the previous quarter. Inflation remained the second most cited concern at 19 percent. Meanwhile, the share of investors viewing their domestic economy as the biggest threat rose to 14 percent from 11 percent, with US investors showing the highest level of concern at 28 percent. This article was written by Tareq Sikder at www.financemagnates.com.

Digital bank bunq reached 20 million users across Europe as the Amsterdam-based company marked ten years since launching its first mobile app.The user milestone coincided with bunq's latest app update, unveiled this week at the company's Update 29 event in Amsterdam. The neobank modified its mobile interface based on customer input, wanting to ease access to banking services, investment products and cryptocurrency trading."bunq was built to be the first bank people love to use," said Ali Niknam, the company's founder and CEO. "Ten years on, it's truly amazing to see so many already saving, spending, and investing with us."The redesigned app provides direct access to bunq's core services through simplified navigation. Users can reach bank accounts, savings products, payment cards, stock trading and crypto services with fewer taps than the previous version.bunq’s User Growth Accelerates Across European Marketsbunq's 20 million user count positions it as Europe's second-largest neobank by customer base. The company has expanded its reach through multiple product launches over the past year, including cryptocurrency trading services that launched in six European Union countries earlier this year.The crypto offering puts bunq in direct competition with rival neobank Revolut, which has dominated European digital banking. Bunq's crypto platform allows users to trade popular digital assets alongside traditional banking services within a single app.US Expansion Plans Take ShapeThe user milestone announcement follows bunq's recent application for a US broker-dealer license, which would enable the company to offer investment services to American customers. The regulatory filing represents a new step in bunq's plans to expand beyond its European base.Bunq has also launched stock trading services targeting digital nomads and internationally mobile customers. The investment platform allows users to trade equities while managing their banking needs through the same mobile app.The company reported 65% profit growth in its most recent financial results, indicating strong momentum as it pursues geographic expansion. Niknam said bunq plans to extend its user-focused approach to global markets. This article was written by Damian Chmiel at www.financemagnates.com.

Revolut has taken a step toward entering the United Arab Emirates after the Central Bank granted in-principle approval for its Stored Value Facilities and Retail Payment Services licenses. The approval positions the UK-based financial app to introduce its services to retail customers in the Emirates.Entry into a Key Middle East MarketThe UAE is a core target for Revolut, as the country combines a rapidly digitizing economy with a supportive regulatory framework. Once operations launch, the company expects demand for new payment solutions to drive adoption.“Receiving these in-principle approvals from the Central Bank of the UAE is a pivotal step for Revolut in the region,” said Ambareen Musa, CEO of GCC at Revolut. “Our goal is to empower individuals here with cutting-edge financial tools that offer transparency, flexibility, and control, addressing key pain points in the current financial landscape.”Musa, who founded the Middle East financial comparison platform Souqalmal.com, joined Revolut to oversee its Gulf operations. Her experience in financial services and fintech is central to the company’s plans to expand in the UAE.Related: Revolut Offers to Buy Back Up to 10% of Shares at $45 Billion Valuation: ReportRevolut also plans to hire staff locally in the coming months. Its remote-first model allows the firm to tap a broader pool of talent across the region while offering flexible work arrangements.Expanding Global FootprintThe UAE approval adds to Revolut’s presence beyond Europe and the UK. The company has launched in markets such as Australia, Brazil, Mexico, Japan, Singapore, the US, and India. Its long-term goal is to rank among the top three financial apps in every country it enters. Revolut’s expansion into the UAE marks another step in its strategy to grow across key financial hubs and offer tailored services to local users.Lately, Revolut has been exploring various avenues to raise funds. The fintech giant recently launched a tender offer to repurchase up to 10% of its shares from eligible investors. The buyback, which prioritizes early backers, values the UK-based fintech at $45 billion, or $865.42 per share. The company is also facilitating a secondary share sale.The $75 billion secondary share sale reportedly values its stock at $1,381.06 per share, according to an internal memo cited by Bloomberg, with staff allowed to sell up to 20% of their holdings and strong interest reported from both new and existing investors. This article was written by Jared Kirui at www.financemagnates.com.

Yoni Assia, Co-Founder and CEO of eToro, appeared on the “ThinkingCrypto” YouTube channel to discuss the company’s Nasdaq listing, tokenization plans, and the future of AI in investing.From Founding to Public DebutAssia reflected on eToro’s journey from its 2007 founding to its public debut following a record year in 2024. “We’ve always envisioned opening global capital markets to everyone in a simple, transparent way,” he said, highlighting the growing US support for crypto and digital assets as a key driver of the IPO.Tokenization and Global AccessOn tokenization, Assia emphasized eToro’s early work with colored coins and the ongoing effort to move real-world assets on-chain. He noted that tokenized stocks, fractional shares, and 24/7 trading could democratize access for investors globally, particularly in regions with limited financial services.AI’s Role in Retail InvestingThe CEO also discussed AI’s growing role in retail investing. eToro has launched AI-powered tools, including chat-based analyst insights and APIs for professional investors, enabling automated portfolio management and strategy development. You may find it interesting at FinanceMagnates.com: Breaking: eToro Launches 24/5 Trading for Top 100 US Stocks and Announces Tokenized Assets Rollout.Assia predicted that AI agents could make retail investors “significantly more successful” while interacting seamlessly with tokenized assets.Crypto Expansion and Regulatory ConsiderationsAssia further highlighted eToro’s expansion of crypto offerings in the US, now supporting over 100 assets, and the potential impact of upcoming regulatory frameworks like the Clarity Act and the Genius Act. He also warned about the risks of leveraged crypto investments, advocating for diversification across stocks, crypto, and smart portfolios.Read More: eToro Revenue Jumps 26% YoY But Profits Stay Flat in Public Debut.“When too many people jump on basically leveraged crypto ships, my concern is that in a deleveraging scenario, leverage comes out very fast,” Assia said. He added that he prefers simply “owning my own Bitcoin,” emphasizing caution amid volatile markets.Vision for the FutureConcluding, Assia outlined a vision where blockchain, tokenization, and AI transform financial services, enabling global access, 24/7 trading, and more efficient capital formation. This article was written by Tareq Sikder at www.financemagnates.com.

Derivatives now dominate crypto trading. If your platform is still spot only, you're leaving money and serious traders on the table.This live webinar from Shift Markets will show you how to move beyond the basics, step into the derivatives space, and compete with today’s top-performing venues.Join Michael Zimkind (VP of Business Development) and Ian McAfee (CEO & Co-Founder) as they break down the numbers, strategies, and tech stack needed to add futures, perpetual swaps, and options to your platform.? September 25, 2025 ? 5:00 PM (Nicosia time) ? Live OnlineWhat You’ll LearnWhy crypto derivatives now outpace spot trading, and what that means for your businessHow exchanges and brokerages can increase user quality, trading volume, and fee revenueKey differences between perpetual swaps, futures, and options (and which to start with)Integration strategies that fit both centralised and decentralized modelsReal-world examples of platforms that pivoted to derivatives and scaled fastWhether you're running an FX brokerage, a crypto exchange, or building something new, this session will give you a clear, realistic view of where the market is heading and how to stay competitive.? Seats are limited, save yours now.About the Speakers?️ Michael Zimkind, VP of Business Development, Shift Markets Michael has worked at the intersection of trading and technology since 2005. He currently leads Shift’s global partnerships and plays a key role in helping exchanges scale more efficiently and effectively.?️ Ian McAfee , Co-Founder & CEO, Shift Markets Ian brings 15+ years of experience across FX and crypto. Under his leadership, Shift Markets has become a go-to provider of turnkey exchange and derivatives solutions worldwide.About Shift MarketsShift Markets began in the traditional finance world as a leader in the FX space. Sensing the seismic shifts taking place in the financial industry, and the disruptive power of cryptocurrencies and blockchain, we made it our mission to make these decentralized trends accessible to every business, from market leaders to small retailers. Our transition into the crypto, blockchain, and Web3 space has centred on the development and deployment of seamless enterprise and Web3 solutions. By offering implementation and consultation services beyond our product range, we ensure that every business gets the solutions that fit their needs, and fit within their existing tech stack. This article was written by Finance Magnates Staff at www.financemagnates.com.

eToro (Nasdaq: ETOR) is ready for more ambitious merger and acquisition activity and has the cash to pursue deals, the company’s co-founder and executive director, Ronen Assia, confirmed to Bloomberg.As of 30 June, the Israeli company had about $1.2 billion in cash and cash equivalents, and a cash position of $988 million without debt. The company’s financials are now public following its IPO earlier this year.eToro’s M&A Ambitions“We’re looking to do more ambitious stuff involving acquisitions,” Assia told the publication on the sidelines of the Ambrosetti Forum in Cernobbio, on the shores of Lake Como.Founded in 2007, eToro has made several acquisitions over the years. Among the earliest were Denmark’s Firmo in 2019, a provider of tokenisation infrastructure, followed by Delta, a crypto portfolio tracker. The Israeli firm also bought FCA-regulated Marq Millions, later rebranded to eToro Money, and then Bullsheet, a portfolio analytics tool. The financial terms of these deals remain undisclosed.In 2022–23, the fintech acquired US-based options broker Gatsby for $50 million in cash and stock, later integrating and rebranding it as eToro Options. The company also expanded into Australia by acquiring Spaceship, a local investing and superannuation app, for about $55 million.Although eToro made its name through copy trading services, it now positions itself as a broader fintech and generates a significant share of revenue from crypto offerings. FinanceMagnates.com earlier reported that the Nasdaq-listed company netted $30 million on revenue of $207 million in the second quarter of 2025."We have a robust M&A pipeline," an eToro representative told FinanceMagnates.com. "We will maintain a disciplined approach and only proceed if a target passes our due-diligence process and meets business and financial criteria that can drive growth and profitability."Hesitant on Prediction MarketsDespite diversifying, the company is not looking to enter prediction markets, which have attracted rivals such as Robinhood and Crypto.com.“I personally don’t believe prediction markets are a long-term investment tool,” Assia said.Prediction markets allow people to bet on binary outcomes of events, ranging from celebrity marriages to election results. Recently, some platforms have added sports wagering, arguing that these markets do not fall under existing gambling regulations.While bookmakers set odds in conventional sports betting, prediction markets allow customers themselves to set the odds.eToro, however, has followed rivals in offering 24-hour trading services and is also rolling out tokenised assets. This article was written by Arnab Shome at www.financemagnates.com.

Six regulatory technology firms have merged to form a single brand, ComplyMAP Group. The companies involved include Complyport, MAP S.Platis, MAP FinTech, Quadprime, MAP RMS, and MAPiTek.Integration and Service ExpansionAs part of the integration, Quadprime, MAP RMS, and MAPiTek have been incorporated into Complyport. The merger expands services in operational resilience, cybersecurity, and prudential regulation across the UK, European Union, and UAE. ComplyMAP Group now offers governance, risk, and compliance (GRC) services, RegTech solutions, AI-powered tools, and cyber resilience support.Leadership AppointmentsKey executives from Quadprime and MAP RMS have taken roles in Complyport’s expanded divisions. Pantelis Angelides will lead Cyber Risk and Resilience Management services, while Panayiotis Antoniou and Panagiotis Vassiliades will oversee Prudential and Risk Management Services. You may find it interesting at FinanceMagnates.com: Pairing and Matching under EMIR Refit Has Gone Live: How Shall Brokers Prepare?Greg Gregoriades joins as Managing Director of ICT Solutions, and Harri Petrou has been appointed Chief Operating Officer.Brand and Market PositioningThe group retains Complyport’s castle logo, now representing the combined entity. The merger positions ComplyMAP Group as a single global partner for compliance and regulatory technology services, providing local and international expertise.RegTech Adoption Accelerates with AI and Blockchain SolutionsArtificial Intelligence and blockchain are increasingly applied in the regulatory technology sector, particularly in the Asia-Pacific region. These technologies assist financial institutions in managing complex compliance and risk requirements, processing large datasets, monitoring transactions, and maintaining secure, transparent records. AI supports data analysis, pattern recognition, and automation of routine compliance tasks, while blockchain provides immutable transaction records and facilitates processes such as KYC and AML checks. Combining both technologies can enhance efficiency and oversight, though adoption faces challenges including regulatory uncertainty, infrastructure investment, data privacy, and interoperability. Collaborative frameworks and ongoing development are key to effective implementation. This article was written by Tareq Sikder at www.financemagnates.com.

Revolut recently opened a tender offer allowing it to repurchase up to 10% of its shares from eligible investors, according to sources cited by Bloomberg. The buyback prioritizes early backers and values the company at $45 billion, or $865.42 per share.Share Buyback and Secondary SaleRevolut is turning to private share deals to provide liquidity to employees and investors while keeping its plans to go public on hold. The fintech has launched a buyback program and a secondary share sale. Revolut has also held discussions with Greenoaks Capital about raising around $1 billion in fresh funding at a blended valuation of $65 billion, people familiar with the talks said. Executives are considering whether to expand the round and raise additional capital.New funds are expected to support the company’s international expansion, including possible plans to seek a full US banking license or acquire a licensed bank.The use of secondary share sales has grown among large private firms as IPO activity remains limited in the US and Europe. Stripe has regularly conducted such deals, and in February, it valued itself at $91.5 billion through a secondary sale.OpenAI also used a similar structure, selling stock at a $500 billion valuation while raising funds at lower levels.Shareholder ControlRevolut made its tender offer available to investors, including Balderton Capital, Index Ventures, DST Global, Ribbit Capital, and Crowdcube. The company has sought to restrict unapproved share sales on outside platforms.Crowdcube has facilitated more than £40 million in secondary deals over the past 18 months, including Revolut transactions. In 2023, it said some early Revolut investors earned returns of more than £1 million.Revolut reported $4 billion in revenue last year, a 72% increase, and posted a profit. The company now has more than 60 million customers worldwide.According to the Bloomberg Billionaires Index, founder and CEO Nik Storonsky’s net worth nearly doubled to $14 billion following the secondary share sale.Besides the share buyback, Revolut has reportedly given its employees the option to sell shares at a $75 billion valuation. The secondary share sale values each share at $1,381.06, according to an internal memo seen by Bloomberg, and allows staff to offload up to 20% of their holdings.Read more: Revolut Hits $75 Billion Valuation as Staff Cash Out BigThe transaction has already drawn interest from both new and existing investors. The valuation surpasses the market capitalization of traditional lender Barclays, though the comparison reflects private versus public market pricing.“As part of our commitment to our employees, we regularly provide opportunities for them to gain liquidity,” a Revolut spokesperson said. “An employee secondary share sale is currently in process, and we won't be commenting further until it is complete.” This article was written by Jared Kirui at www.financemagnates.com.

Salesforce’s Q3 revenue outlook trails the Street, shares sag in after-hours, and a bigger buyback does little to paper over a slower payoff from Agentforce-style AI.The Headline number that Hit the StockSalesforce, the company behind untold millions of businesses’ CRMs, told investors to expect Q3 revenue of $10.24 billion to $10.29 billion. The midpoint sits below the average analyst estimate, and traders did not love it. Shares fell more than 5% in extended trading after the release. The company also guided adjusted EPS to $2.84 to $2.86 for the quarter, roughly in line with expectations..@DatasiteGlobals’ users need urgent support throughout high-stakes M&A lifecycles.Only Agentforce can handle the job with 24/7, accurate, and secure answers about their assets.⏱️ See how Agentforce slashes deal times and boosts success rates: https://t.co/Uc6woDcXM4 pic.twitter.com/DxU2xQuiFw— Salesforce (@salesforce) September 4, 2025An AI promise is Still a PromiseMany are seeing the miss as a monetization story. Salesforce has rolled out its Agentforce platform and woven artificial intelligence (AI) across clouds, yet analysts highlighted that payback is taking longer than investors hoped. The company even pointed to efficiency gains from AI internally. Speaking on The Logan Bartlett Show last week, Salesforce CEO Marc Benioff said AI-driven efficiencies let the company trim 4,000 customer support roles from a 9,000-person team. According to Reuters, AI now accounts for roughly 30% to 50% of its work. Great for margins, less convincing for near-term top line acceleration.WVTM 13:4,000 Salesforce customer service jobs cut due to AI, CEO says https://t.co/B8lrYYvKdJ Alabama News Beacon— Alabama News Beacon (@alnewsbeacon) September 4, 2025What This Says About Broader Market TrendsThe Salesforce wobble is a microcosm of 2025’s software tape. Investors have become allergic to stories that lean on “AI soon” rather than “AI now.” Hardware and infra players have booked the obvious early gains.Earnings: earlier in the day, @Salesforce dropped 5.4% in after hours, after issuing weak revenue guidance despite beating earnings and revenue estimates. My POV in brief: the narrative that AI is eating SaaS seems to partially at play here, and there are more factors at play… pic.twitter.com/gO2Fr3b4tS— Sarbjeet Johal (@sarbjeetjohal) September 4, 2025Application-layer vendors need to prove two things to get a rerating: that AI features are priced as products rather than freebies inside bundles, and that customers are deploying at scale rather than running pilots forever. Salesforce’s guide implies deal cycles still feel macro drag and AI add-ons are not yet a material second engine. That is not unique to CRM, but because Salesforce is the category bellwether, the patience bar is lower and the scrutiny bar is higher.The Street’s Message in Plain EnglishInvestors can live with flat to slightly lower growth if visibility improves. They cannot live with lower growth and fuzzy AI monetization timing. The after-hours slide tells you that buybacks are table stakes, not catalysts, and that the market wants a clean line from Agentforce usage to upsell to dollars. Until then, every software guide gets graded on two curves: macro and AI conversion. Salesforce just showed how unforgiving that curve is when you come in light.Where Salesforce Goes from HereThere are levers. The company still posted a revenue beat for the prior quarter, it continues to push AI throughout the stack, and it is not shy about cost discipline. But the next phase requires pricing power on AI features, proof that autonomous service agents reduce churn or unlock new seats, and fewer headlines about layoffs and more about large customers going wall-to-wall with paid AI bundles. If Salesforce can show that on the next call, the stock reaction will look very different. If not, expect buybacks to keep doing more heavy lifting than investors care to admit. For more stories of tech around the edges of finance, follow our Trending pages. This article was written by Louis Parks at www.financemagnates.com.

Airwallex has acquired San Francisco-based billing startup OpenPay, adding subscription management and analytics tools to its global financial platform. The move expands Airwallex’s reach into recurring revenue services and positions it against billing providers such as Stripe Billing and Recurly.A Global Take on BillingAlthough the financial terms of the transaction were not disclosed, Jack Zhang, co-founder and CEO of Airwallex, said the deal fills a gap in existing billing technology.“Most billing systems are locked in the past; they were never designed for a global, multi-currency world. That’s the gap we’re closing,” commented Jack Zhang, Co-founder and CEO of Airwallex. “By bringing OpenPay’s subscription management, orchestration, and analytics capabilities into Airwallex, we’re creating the first truly global billing platform,” he added.OpenPay offers automated features including smart payment routing, AI-driven retention tools, and subscription management across tiered, usage-based, and flat-fee models.You may also like: FX Brokers Skimmed £22M from Premier League Clubs in Summer Transfer WindowThese capabilities target growing demand for flexible billing, particularly from AI and consumption-led businesses that monetize by tokens, calls, and compute.“We started OpenPay to solve the complexity of recurring revenue management,” said Lance Co Ting Keh, CEO of OpenPay. “In Airwallex, we found a partner who shares our vision and has the global reach to apply our work at scale.”The Bigger PictureThe acquisition highlights a shift in billing as companies move away from fixed, seat-based pricing. By combining its global payments infrastructure with OpenPay’s billing tools, Airwallex aims to lower costs and support businesses scaling subscriptions across borders.Last month, Airwallex secured a Markets in Financial Instruments Directive (MiFID) license from the Dutch Authority for the Financial Markets, clearing the way for the launch of its Yield product in the Netherlands. The authorization permits the offering of money market fund investments to European small and medium-sized businesses, adding an investment layer to its existing financial services.With the license in place, Yield will provide multi-currency investment options in euros, pounds, and US dollars, allowing businesses to earn returns without term deposit restrictions or lock-up periods.Commenting about the move, Shannon Scott, the SVP and Global Head of Product at Airwallex, said: “Receiving our MiFID licence is the first step to launching Yield in the Netherlands and will get us one step closer to providing European businesses with a smarter way to make their money work harder.” This article was written by Jared Kirui at www.financemagnates.com.