OpenAI, amid its $500 billion valuation, has acquired Roi, a startup specializing in AI-powered financial advice for stocks and cryptocurrencies. The deal, executed as an acqui-hire, illustrates OpenAI’s escalating ambitions in fintech while stirring questions about regulatory compliance.
As part of its growing financial ambitions, Walmart appears to be exploring cryptocurrency through its OnePay service. While detailed information remains behind a paywall, this development signals the retailer’s continued interest in expanding its footprint in digital finance.
The digital remittance leader Remitly Global, Inc. has caught investors’ attention with its high price-to-earnings ratio of 324.33. Despite its lofty valuation, bullish observers on Paris Analyst’s Substack see strong potential for the company, which was trading at $19.68 as of September 4th.
A rush of stock listings is heating up this traditionally slow market period, as Klarna, Legence, Via Transportation, Black Rock Coffee, and Gemini Space Station all plan to go public. Many are looking to capitalize on renewed investor excitement following recent successful IPOs, making it one of the busiest weeks for new listings in years.
Insight Holdings Group LLC has trimmed its stake in nCino Inc. by 1.2% in the first quarter, selling 54,876 shares. Despite the reduction, nCino still comprises about 9.5% of Insight Holdings’ portfolio, underscoring the fintech company’s continued significance.
Revolut, the most valuable FinTech in the United Kingdom, plans a secondary share sale at a $75 billion valuation. Employees are authorized to sell up to 20% of their shares, paving the way for new investors to join the digital banking service.
SoFi Technologies Inc. (NASDAQ: SOFI) is charting an ambitious course, with the company’s CEO targeting 30% member growth and 20% revenue growth. These strong goals correspond with a share price that has risen 4.2% over the past week, lifting the stock near an all-time high.
Fintech firm Clear Street is extending its lease at 4 World Trade Center and will now occupy the entire 46th floor of the iconic building. This significant expansion underscores the company’s growth and reflects continued confidence in New York City’s commercial real estate market.
British fintech company Wise has announced plans to shift its primary stock listing to the United States, dealing a significant blow to the London Stock Exchange. The move involves establishing a dual listing, with the main hub shifting to the U.S. while maintaining a secondary listing in London.
Johannesburg is set to host the highly anticipated Wiki Finance Expo on August 16, 2025, hailed as Africa’s premier event for fintech, crypto, and forex enthusiasts. The expo promises to bring together key players in the financial technology sector.