Jack Dorsey has long been an open admirer of Elon Musk. Now, it seems, he may have been taking notes. On Thursday, Dorsey announced that Block, the payments company he founded that operates Square, Cash App, and Tidal, is cutting more than 4,000 employees, nearly half its global workforce, taking …

When Alan Cole saw Elon Musk fans eagerly bidding up a contract on the prediction market Kalshi that the Department of Government Efficiency (DOGE) could effectively reduce federal spending in a year, he knew he had to take the bet, according to a story about Cole’s winnings in The Wall …

AI has brought the startup world the rise of a new phenomenon: startups that almost instantly hit multimillion-dollar ARR (annual recurring revenue). Stories abound of founders going from zero to $10 million, or as much as $100 million, in annual recurring revenue in a matter of months. To be fair, …

Stripe is considering a deal to buy some or all of PayPal Holdings, sources told Bloomberg, though talks are still in their very early stages and the deal may not happen. The news comes the same day Stripe released its annual letter, giving updates on the business. The big news …

Xflow, an Indian fintech startup, has secured backing from both Stripe and PayPal Ventures in a $16. 6 million funding round. The investment comes as the company works to carve out a position in cross-border B2B payments, a market still dominated by banks and manual processes. The Series A round …

Peak XV announced on Friday that it has raised $1. 3 billion across new India and Asia-focused funds. The firm, which now manages more than $10 billion in assets, is sharpening its focus on artificial intelligence and cross-border bets amid intensifying competition for deals in the region. The capital will …

Even without a background in accounting, anyone who has ever glanced at a 10-K or 10-Q can tell that preparing financial statements is a complex, tedious process. While legacy platforms like Workiva and Donnelley Financial Solutions aim to streamline financial reporting, longtime accountants Mary Antony (pictured right) and Kelsey Gootnick …

As India pitches itself as a global hub for applied artificial intelligence, OpenAI has partnered with Pine Labs to integrate AI-driven reasoning into the fintech firm’s payments stack, automating settlement and invoicing workflows in a move the companies say could help accelerate AI-led commerce in India. The partnership will see …

In Brief Figure Technology, a blockchain-based lending company, confirmed it experienced a data breach. On Friday, Figure spokesperson Alethea Jadick told TechCrunch in a statement that the breach originated when an employee was tricked with a social engineering attack that allowed the hackers to steal “a limited number of files. …

It’s already quite easy to use Cash App. However, on Wednesday, the payment platform owned by Block, Inc. introduced a new feature designed to make its user experience significantly easier: payment links. The feature allows app users to send payments via a hyperlink that can be attached to a variety …