Technology

With the economy teetering on recession, and sales of mobile phones and other consumer electronics slowing right down globally, a U.K. startup called Raylo that’s leaning into both of those themes has picked up £110 million ($136 million) to grow its business, offering consumers access to new gadgets by way of short-term leases. The London-based […]

Raylo raises $136M to build out its gadget lease-and-reuse ‘fintech’ platform by Ingrid Lunden originally published on TechCrunch

Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. About one-third of the purchase price is payable over a two-year period subject to certain undisclosed conditions. And, if one undisclosed milestone in particular is met within the next […]

Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition by Mary Ann Azevedo originally published on TechCrunch

After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low, according to research firm Counterpoint. It was also the first time that China’s smartphone shipment had dropped below 300 million units […]

China smartphone market slumps to 10-year low in 2022 by Rita Liao originally published on TechCrunch

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]

What’s Stripe’s deal? by Mary Ann Azevedo originally published on TechCrunch

Welcome back to Chain Reaction, a podcast diving deep into stories, backgrounds and the latest news with the biggest names in crypto. For this week’s episode, I sat down with Mo Shaikh, co-founder and CEO of the layer-1 blockchain Aptos. Shaikh is a three-time founder with over a decade of experience in financial services as […]

Aptos wants to shake up the blockchain space by creating more economic value, co-founder says by Jacquelyn Melinek originally published on TechCrunch