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Affirm to Acquire PayBright, One of Canada’s Leading Buy-Now-Pay-Later Providers, for CAD $340 Million

Affirm to Acquire PayBright, One of Canada’s Leading Buy-Now-Pay-Later Providers, for CAD $340 Million

“Affirm , a more flexible and transparent alternative to credit cards, today announced it has entered into a definitive agreement to acquire PayBright , one of Canada’s leading buy-now-pay-later providers. Under the terms of the agreement, Affirm will acquire PayBright for a total cash and equity consideration of approximately CAD $340 million. Additional terms of [...]

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Stripe launches Stripe Treasury in major expansion of financial services offering for platform partners

Stripe launches Stripe Treasury in major expansion of financial services offering for platform partners

“Stripe, the technology company building economic infrastructure for the internet, today announced that it is launching Stripe Treasury. This gives Stripe’s platform users powerful APIs to embed financial services, enabling their customers to easily send, receive and store funds. Shopify is partnering with Stripe and Evolve Bank & Trust to build Shopify Balance, the business [...]

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Swiss central bank says wholesale digital currency trial a success

Swiss central bank says wholesale digital currency trial a success

“Switzerland’s central bank has successfully tested using digital money to settle large scale transactions between financial institutions, it said on Thursday, but has not decided whether to issue its own digital currency. The experiment, known as Project Helvetia, was run by the Swiss National Bank (SNB) with Swiss bourse operator SIX and the Bank for [...]

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