Tag: Stripe
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U.S. FinTech Company Stripe Is Laying Off 14% Of Its Workforce!
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U.S. fintech giant Stripe has announced it is laying off 14% of its workforce in what it calls the “most severe change” for the company. The move would mean that about 1,120 of the fintech company’s 8,000 employees will be laid off. Stripe CEO Patrick Collison announced Thursday in a memo, saying…
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JP Morgan Snaps Up FinTech StartUp Renovite!
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The U.S. bank J.P. Morgan (website) has acquired the digital payment service provider Renovite (website), a leading cloud-native payments technology company, to counter the threat posed by fintech companies such as Block, Klarna, PayPal, and Stripe.
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Revolut Partners With Stripe For International Expansion
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The fintech unicorn Revolut partners with Stripe’s international to support its expansion into new international markets, including Brazil and Mexico. Stripe, the provider of a financial infrastructure platform, will facilitate the fintech’s payment processing in the UK and Europe to enable Revolut’s clients a seamless payment experience with their local…