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Found 344 results on "restructuring"

OpenAI and Microsoft reach non-binding deal to revise partnership terms

OpenAI and Microsoft reach non-binding deal to revise partnership terms

12 Sep 2025 / 5 min read / Fintech

OpenAI has reached a nonbinding agreement with Microsoft on a revised partnership that would allow the startup to convert its for-profit arm into a public benefit corporation (PBC).

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Chpter partners with Flutterwave to offer WhatsApp-based ecommerce

Chpter partners with Flutterwave to offer WhatsApp-based ecommerce

24 Jun 2025 / 5 min read / Payments
Chpter, a Kenya-based software startup, has partnered with Flutterwave to expand into 11 additional African markets.
NewsPayments
Metro Bank attracts takeover interest from Pollen Street Capital

Metro Bank attracts takeover interest from Pollen Street Capital

18 Jun 2025 / 5 min read / Fintech
UK-based Metro Bank has discussed with Pollen Street Capital, an investment firm, about a potential takeover.
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Citigroup lays off 3500 employees from Chinese subsidiaries

Citigroup lays off 3500 employees from Chinese subsidiaries

06 Jun 2025 / 5 min read / Fintech
Citigroup has laid off 3,500 employees in mainland China as part of the bank’s efforts to reduce costs and optimise its global operations.
NewsFintech
Klarna reports steep losses as IPO plans remain uncertain

Klarna reports steep losses as IPO plans remain uncertain

23 May 2025 / 5 min read / Payments
Klarna has reported a net loss of USD 99 million for the first quarter of 2025, more than double the USD 47 million it posted during the same period last year.
NewsPayments
Citi offloads wealth alternatives unit to iCapital

Citi offloads wealth alternatives unit to iCapital

14 May 2025 / 5 min read / Fintech
Citigroup has entered into an agreement to transfer the management and operation of its wealth alternatives platform to fintech firm iCapital.
NewsFintech
OpenAI, Microsoft renegotiate for new funding and IPO

OpenAI, Microsoft renegotiate for new funding and IPO

12 May 2025 / 5 min read / Fintech
OpenAI, together with Microsoft, has been reportedly renegotiating the terms of their partnership, aiming to launch an IPO while also safeguarding its access to AI models. 
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