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- 💰 GoCardless Chasing Profits
💰 GoCardless Chasing Profits
Wise gets a reality check, and leaders spill their hot takes!
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
✅ GoCardless halves losses & sets sights on 2026 profits
✅ Wise fined for misleading fee ads—transparency in question?
✅ Fintech insiders react: Is profitability the new fintech gold rush?
✅ Upcoming fintech events that could shape the future
GoCardless, a UK-based fintech that specializes in direct bank payments, has cut its losses in half and is now targeting full-year profitability by 2026.
🚨 Breaking News:
GoCardless is tightening its belt, slashing losses, and eyeing profits as it prepares for an IPO. The fintech world is watching.
⚡ Wire Simplified:
GoCardless processes direct bank payments for businesses, skipping card fees.
The company cut its losses from £59M to £30M in a year.
Revenue grew 32%, hitting £93M.
It plans to turn profitable by 2026 and is eyeing a public listing.
CEO Hiroki Takeuchi says they’re “in the strongest position ever.”
✔️ Straight to the Point:
GoCardless is playing the long game—slashing costs, boosting revenue, and gearing up for an IPO. But will profitability follow?
🎤 Do you think GoCardless will actually hit profitability by 2026? |
Wise, the global money transfer giant, has been fined by the U.S. Consumer Financial Protection Bureau (CFPB) for allegedly advertising inaccurate fees.
🚨 Breaking News:
The CFPB slapped Wise with a fine for misleading fee claims, saying customers may have paid more than they expected.
⚡ Wire Simplified:
Wise advertised “cheaper transfers,” but fees weren’t always clear.
CFPB found the pricing claims misleading and imposed a fine.
Wise has not admitted wrongdoing but will pay the penalty.
The company says it’s committed to transparency in pricing.
Customers may not get refunds, but Wise promises better disclosures.
✔️ Straight to the Point:
Wise's transparency claims just took a hit. Will this shake user trust, or is it just a small bump for the fintech giant?
🎤 Do you think Wise’s penalty will impact customer trust? |
way back on friday, the high score on "humanity's last exam" was o3-mini-high at 13%.
now on sunday, deep research gets 26.6%.
Gemini will benefit the MOST from R1
DeepSeek exposed some clever techniques to implement thinking
Techniques when applied on Google scale data may help Gemini beat OpenAI
24 Fintech 2025
24 Fintech is a global FinTech movement that sets the stage for the next chapter in financial technology. The event brings together industry leaders to discuss the future of FinTech, including topics like digital currencies, AI, and open banking.
Date: September 2025 | Location: Riyadh, Saudi Arabia
Book your seat here
Fintech Talents North America 2025
Fintech Talents North America is the ultimate FinTech event for credit unions, community banks, financial institutions, and FinTechs from across North America. The event offers networking opportunities, workshops, and discussions on the latest trends in FinTech.
Date: September 2–3, 2025 | Location: New York, NY, USA
Book your seat here
Africa Fintech Summit 2025
Africa Fintech Summit unites the African FinTech ecosystem, including startups, investors, regulators, and banks, to discuss innovation and growth in financial technology on the continent.
Date: April 17–18, 2025 | Location: Nairobi, Kenya
Book your seat here
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