In September 2023, Goldman Sachs quietly disclosed that it had deployed an internal AI platform capable of generating code, summarising documents, and...
Stripe processes payments for millions of businesses across 195 countries. When a customer in Tokyo buys a product from a merchant in...
In 2019, the Federal Reserve Bank of Philadelphia published a study comparing machine learning credit models against traditional logistic regression models used...
OpenAI’s ChatGPT reached 100 million monthly active users in January 2023, two months after its launch. Within weeks, every major financial institution...
Plaid connects over 12,000 financial institutions to more than 8,000 fintech applications. When a customer links their bank account to Venmo, Robinhood,...
In 2017, Lemonade launched with a proposition that sounded impossible: homeowners insurance that could be purchased in 90 seconds and claims that...
Harvey, a legal AI startup focused on financial services contracts, raised $80 million in its Series B in early 2024 at a...
In January 2021, Stripe raised $600 million at a $95 billion valuation, making it the most valuable private company in the United...
In 2013, David Vélez spent two weeks trying to open a bank account in São Paulo. The process required multiple branch visits,...
On November 3, 2020, Chinese regulators suspended Ant Group’s dual listing in Shanghai and Hong Kong, two days before what would have...
In January 2020, Visa announced it would acquire Plaid for $5.3 billion. Plaid, a company that most consumers had never heard of,...
In 2010, Patrick Collison was 21 years old, living in Palo Alto, and frustrated by how difficult it was to accept payments...
In 2011, Sequoia Capital invested $2 million in Stripe’s seed round at a valuation of roughly $20 million. By 2024, that stake...
In 2021, Tiger Global Management made 328 investments across all sectors, roughly one deal every 26 hours. A significant portion went to...
On January 28, 2021, Robinhood restricted trading in GameStop stock after a Reddit-fuelled short squeeze drove the share price from $17 to...
In 2016, the UK’s Financial Conduct Authority launched the world’s first regulatory sandbox, allowing fintech startups to test products with real customers...
In November 2024, Klarna filed for an initial public offering in the United States, seeking a valuation of roughly $20 billion. Two...
When Max Levchin pitched Affirm to investors in 2012, he had a specific advantage that most fintech founders lack: he had already...
In 2020, Chime was the fastest-growing digital bank in the United States, adding millions of customers monthly and reaching a $14.5 billion...