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Latest: Fintech News

Robotics Startup CynLr Raises $4.5m to Enter US – Inc42
Robotics Startup CynLr Raises $4.5m to Enter US – Inc42

The robotics startup plans to enter the US market, scale its team and build capacity to address the current pipeline of customers and deliver 100 robots annually

China’s ‘Little Nvidia’ Not So Homegrown – The Information
China’s ‘Little Nvidia’ Not So Homegrown – The Information

But Moore Threads, which investors value at more than $2 billion, has omitted important information: key pieces come from the UK

India’s Paytm in 2023 Profits Pledge After IPO Flop
India’s Paytm in 2023 Profits Pledge After IPO Flop

Paytm raised $2.5bn in India's biggest IPO last November but made a dismal debut on widespread concerns over its high valuation

Google-Backed VerSe Nets $805m in Funds for Josh, News App
Russia Turns to China for Domestic Bank Card Microchips
US Imposes Sanctions on Russian Dark Web, Crypto Site
Australian State to Probe Gambling Via China UnionPay
Elon Musk and the SEC: A History – The Information
Crypto Losses Surge 695% in First Quarter – TechCrunch
ByteDance Uploaded Other Platforms’ Accounts – BuzzFeed

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors