In 2023, after three years of building an automotive lending startup, Fuse co-founders Andres Klaric and Marc Escapa realized that LLMs could modernize something even more significant: the loan origination system (LOS), which is the backbone of the lending industry. Frustrated by the limitations of legacy software, Klaric (pictured left), …

India’s neobank Fi is discontinuing banking services on its platform more than four years after launching them in partnership with Federal Bank, directing customers to access their savings accounts through the bank’s mobile app as it winds down the Fi interface. Founded in 2019 by former Google Pay India executives …

Prediction market Kalshi is making it easier for its users to have conversations on Meta’s social network Threads. Kalshi now offers a share option that will automatically embed the relevant prediction market chart into a Threads post. Whether people want to discuss who’s going to win Best Picture or which …

X Chat’s standalone app isn’t the only new service X is testing this week. The company has also begun offering select users invites to its X Money payments service, which was previously being tested internally among X employees. These invites, however, were not doled out in the typical way. Instead, …

PayPay, Japan’s leading mobile payment app, has reportedly postponed its U. IPO due to market volatility and recent conflict in the Middle East. The company was planning to release its IPO price range on Monday, March 2. PayPay aimed for a valuation of at least ¥1. 5 trillion ($10 billion), …

Stripe on Monday released a preview of a new feature that could help AI startups (and other companies) solve the problem of passing through the underlying costs of AI model usage to their customers. Stripe’s feature, however, goes even further than just passing through the costs of the tokens. It …

Prediction market users have made — and profited from — big bets around the bombing of Iran by the U. On Polymarket, $529 million was traded on contracts tied to the timing of the attack, according to Bloomberg. An analysis by analytics firm Bubblemaps SA found that six newly-created accounts …

Plaid, a company that connects financial applications to users’ bank accounts, enabling payments and data verification, has allowed employees to sell some of their shares at an $8 billion valuation, the company confirmed to TechCrunch on Thursday. The valuation represents a 31% increase from the $6. 1 billion valuation the …

OpenAI has fired an employee over the employee’s activity on prediction markets, including Polymarket, the company confirmed to Wired. The employee used confidential OpenAI information in connection with the trades made, the company alleges. OpenAI didn’t release the name of the employee. However, a spokesperson said that such actions violated …

PayPal may not be pursuing an acquisition, Semafor reported, citing people familiar with the matter. Earlier this week, Bloomberg reported that Stripe expressed interest in buying some or all of PayPal Holdings, which includes the flagship product PayPal and its services, as well as other companies like Venmo. Stripe declined …