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Fintech News

3 briefings

Digital Wallets Frozen: Massive Venmo Outage Paralyzes Payments Across the U.S.

A widespread service failure hit Venmo and PayPal users this week, leaving diners and patients stranded without payment options. We analyze the breakdown of the cashless economy.

Dec 13, 2025 4 min read

Airwallex

Airwallex Hits $8 Billion Valuation in Major US Push, Eyes 2026 IPO

The global payments platform secures $330 million in Series G funding, establishing a dual headquarters in San Francisco and committing over $1 billion to American expansion.

Dec 13, 2025 3 min read

Venmo Down

Venmo Restores Service After Major Outage Disrupts Payments Nationwide

Thousands of users were left unable to send rent, split bills, or manage business transactions as the popular payment app went dark for hours.

Dec 12, 2025 3 min read