36 %

No – losses too likely

REMITLY

TO ACQUIRE ISRAELI COUNTERPART REWIRE Remitly , which provides remittances and financial services for immigrants , has agreed to acquire Israeli-based counterpart Rewire in a deal worth approximately US $ 80mn .

ROBINHOOD LAYS OFF 23 % OF ITS WORKFORCE Robinhood CEO Vlad Tenev has said " this is on me ", after it laid off almost a quarter of staff . The move reflects a fall in customers .

‘ CRYPTO WINTER ’ HAS EFFECT ON INVESTMENT FRAUD

25 %

Maybe – I ’ ll watch the markets

Yes – crypto is always volatile

A new report indicates that the ' crypto winter ' has had a knock-on effect on fraud . Scams have fallen by 65 % over the past year , according to TradingPlatforms . com .

� JAR The Indian fintech has hit a valuation of around US $ 300mn after its latest funding round . Jar raised more than US $ 20mn in its Series B round , with existing backer Tiger Global leading the investment .

� DIGIT INSURANCE Indian insurtech unicorn Digit Insurance has gone ahead and filed for its IPO , bucking a trend of delayed public listings . It is said to be seeking at least US $ 440mn , having last been valued at US $ 3.5bn .

� ADYEN Shares in Dutch fintech Adyen fell by 11 % after it missed expectations for net revenue for the first half of the year . Operating expenses rose nearly 50 %, driven partly by the addition of 400 new employees .

� STRIPE Investment fund T . Rowe Price has marked down the value of its stake in Stripe , signalling an end to the company ' s lofty valuation . The move could mean that Stripe is worth closer to US $ 75bn than US $ 95bn .

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