Sachin Bansal’s Navi hires banks for a $315m IPO, four years after his first attempt stalled

Google Play adds Venmo as a payment option in the US. In other markets, it is testing cash.

Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.

Rakuten turns its first profit in six years as the mobile drag eases

South Africa wants to ban companies from moving stablecoins abroad. Individuals keep their allowance.

Etsy is cutting 12% of its staff. It just beat forecasts and launched a $2bn buyback

Revolut is valued at $115bn. Its founder’s new share deal targets $500bn

Visa is buying BioCatch for $2.4 billion because AI scams now cost the global economy $1 trillion a year

Robinhood is launching a publicly traded fund that invests in Y Combinator startups. Anyone can buy shares.

The AI boom is making Apple pricey to buy and to run. Its answer to both is a subscription.

China’s delivery giants spent a year fighting on price. Now they’re fighting on their riders’ heads.

From entrepreneur to private markets advocate: Westin Smith’s approach to wealth creation

Revolut partners with OpenAI to bundle ChatGPT Go into its subscriptions

Live-shopping app Whatnot is in talks to nearly double its valuation to $20bn

Apple raised its prices, then offered to rent you the phone instead

Visa is cutting 2,600 tech jobs to bankroll the tech that threatens it

Two hotel groups moved into ChatGPT this week. Neither will let you pay there

Friendsurance invented peer-to-peer insurance. It just sold for its paperwork.

X Money can cut off your account over what you post

A development bank just built a €1.4bn insurer in two years

China fines Trip.com $765 million for forcing hotels into exclusive deals and controlling their prices

A 25-year-old just raised $180M to build a US bank from scratch

Apple is launching a Klarna-backed device leasing program called Apple Upgrade on July 28

Natural raised $30M to build a Stripe for AI agents, before Stripe gets there

Ant International raises $1.2bn to fund its payments push beyond China

Samsung launches its first US credit card with Barclays, its deepest move into finance yet

The EU just fined AliExpress €550M, its biggest DSA penalty yet

PayPal board rebuffs $53bn Stripe and Advent bid as too low, sources say

Stripe and Advent offer $60.50 a share for PayPal, valuing it above $53bn

Kalshi builds a forward curve for computing power as exchanges race to turn GPUs into a tradable commodity

India’s Udaan secures $160 million in new funding as it races to fix its balance sheet before an IPO

Flex raises $70m from Ryan Smith’s Halo fund to take its AI private bank global

Moneybox is Europe’s newest unicorn, and it’s testing London’s new private market to prove it

Databento raises $97M to take on Bloomberg’s terminal

ECB tells Europe’s big banks to plan for AI cyber threats