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6 days ago | 
news.bloombergtax.com | Steve Dickson |Emily Mason
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 week ago | 
news.bloomberglaw.com | Steve Dickson |Emily Mason
A trio of deals valuing Worldpay at $24.3 billion created a new behemoth in payment processing and cracked open a merger market that’s been stagnating after US President Donald Trump’s tariff policies roiled markets. Global Payments Inc. acquired the 45% stake in Worldpay that Fidelity National Information Services Inc. still owned and simultaneously agreed to purchase the 55% stake held by private equity firm GTCR LLC, according to separate statements Thursday.
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2 weeks ago | 
news.bloomberglaw.com | Emily Nicolle |Emily Mason
Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its Cash App platform. The New York Department of Financial Services issued the fine after an investigation found Block had failed to conduct adequate due diligence on its customers and to monitor and report suspicious transactions in a timely manner, the agency said in a consent order Thursday.
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2 weeks ago | 
news.bloombergtax.com | Emily Nicolle |Emily Mason
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 weeks ago | 
news.bloomberglaw.com | Paige Smith |Claire Ballentine |Emily Mason
Adam Moelis and Ben Doyle had an outside-the-box business pitch: Many Americans struggle to build a savings habit but also enjoy spending money playing the lottery. What if they could combine a bank account with a sweepstakes to make savings more fun? The two entrepreneurs developed the idea with the help of Y Combinator, a storied tech incubator where business founders can hone their ideas and get them in front of venture capitalists. In 2020, Moelis and Doyle launched a finance app called Yotta.
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2 weeks ago | 
news.bloombergtax.com | Paige Smith |Claire Ballentine |Emily Mason
Adam Moelis and Ben Doyle had an outside-the-box business pitch: Many Americans struggle to build a savings habit but also enjoy spending money playing the lottery. What if they could combine a bank account with a sweepstakes to make savings more fun? The two entrepreneurs developed the idea with the help of Y Combinator, a storied tech incubator where business founders can hone their ideas and get them in front of venture capitalists. In 2020, Moelis and Doyle launched a finance app called Yotta.
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2 weeks ago | 
news.bloomberglaw.com | Paige Smith |Claire Ballentine |Emily Mason
Adam Moelis and Ben Doyle had an outside-the-box business pitch: Many Americans struggle to build a savings habit but also enjoy spending money playing the lottery. What if they could combine a bank account with a sweepstakes to make savings more fun? The two entrepreneurs developed the idea with the help of Y Combinator, a storied tech incubator where business founders can hone their ideas and get them in front of venture capitalists. In 2020, Moelis and Doyle launched a finance app called Yotta.
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2 weeks ago | 
news.bloombergtax.com | Paige Smith |Claire Ballentine |Emily Mason
Adam Moelis and Ben Doyle had an outside-the-box business pitch: Many Americans struggle to build a savings habit but also enjoy spending money playing the lottery. What if they could combine a bank account with a sweepstakes to make savings more fun? The two entrepreneurs developed the idea with the help of Y Combinator, a storied tech incubator where business founders can hone their ideas and get them in front of venture capitalists. In 2020, Moelis and Doyle launched a finance app called Yotta.
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3 weeks ago | 
news.bloomberglaw.com | Aisha Gani |Paige Smith |Emily Mason
Even by Sebastian Siemiatkowski’s standards, it’s been a wild month. The chief executive officer of buy now, pay later giant Klarna Group Plc started March on a high when he formally filed to list his 20-year-old company. Days later, he edged out longtime rival Affirm Holdings Inc. when he landed a deal with a fintech backed by the biggest retailer on the planet, Walmart Inc.
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3 weeks ago | 
news.bloombergtax.com | Aisha Gani |Paige Smith |Emily Mason
Even by Sebastian Siemiatkowski’s standards, it’s been a wild month. The chief executive officer of buy now, pay later giant Klarna Group Plc started March on a high when he formally filed to list his 20-year-old company. Days later, he edged out longtime rival Affirm Holdings Inc. when he landed a deal with a fintech backed by the biggest retailer on the planet, Walmart Inc.
