Embedded finance startup Banxware raises €4M seed

Embedded finance startup Banxware raises €4M seed

Embedded finance — the idea of offering financial products where customers are already congregating via white label solutions and APIs – isn’t an entirely new concept. In fact, in one form or another, such as point of sale credit, the concept has existed for years and...
Alibaba Cloud turns profitable after 11 years

Alibaba Cloud turns profitable after 11 years

Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba, became profitable for the first time in the December quarter, the company announced in its earnings report. The firm’s cloud unit achieved positive adjusted EBITA (earnings before interest,...