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What the heck happened at fintech Bench?

  • Bench, a fintech company that raised over $110 million in venture funding, unexpectedly shutdown and was immediately acquired by another company.
  • Thomson Reuters acquired tax automation company SafeSend for $600 million in an all-cash transaction.
  • Uzbekistan's mobile-exclusive bank, TBC Bank Uzbekistan, raised $37 million in funding to enhance its digital presence.
  • PayPal faced lawsuits claiming discrimination and cheating, while a gift card store exposed customer documents online.
  • Fintech IPOs are anticipated, with MobiKwik and Aye Finance planning to go public, and digital bank Chime preparing for an IPO in 2025.

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