Jeff Kauflin is a senior editor who leads Forbes’ fintech coverage, covering everything from digital banking and investing to payments and insurtech. He co-edits Forbes’ annual Fintech 50 and also writes about crypto. Jeff joined Forbes in 2016 and works in New Jersey. He has
Chime Stock Jumps 37% In IPO; CEO Says Payments Is Its Growth Play
The biggest digital bank in the U.S. saw its market value rise to $16 billion in its first day of trading as a public company.
Chime's IPO Poised To Pop, Even As It Faces Long-Term Challenges
In addition to controlling loan losses and AI-enabled fraud, the nation’s largest digital bank needs to find a way to grow its customer base more profitably.
Chime Aims For $11 Billion IPO Valuation
The new target valuation is a steep drop from the $25 billion the nation’s largest digital bank fetched in 2021.
New Lawsuits Allege Companies Conspired To Secretly Pocket Class Action Payouts
Famed lawyer David Boies’ firm filed the suits, which allege that consumers have received lower payouts due to companies’ illegal scheme.
How Private Equity-Owned Companies Quietly Pocket Class Action Payouts
Online prepaid cards have proliferated as a way to compensate consumers harmed by companies. Critics say fintechs and claims administrators have unfairly profited from the trend.
Chime, Nation’s Largest Digital Bank, Finally Files To Go Public
The filing confirms Forbes’ prior reporting on Chime’s 2024 financials and offers a view into its evolving strategy.
Can Jack Dorsey Rescue Block’s Plunging Stock?
Block’s stock fell by 20% after its first quarter earnings call and is 25% below where it was five years ago. Now CEO Jack Dorsey is trying everything from traditional sales reps to bitcoin mining chips to revive growth.
The Fast-Growing Fintech Bringing Stripe-Like Payments To Latin America
Santiago-based Toku has secured $39 million in new funding to try to do for business payments what Brazil’s Nubank has done for consumer banking: use technology to dramatically improve the outdated status quo.
Fintech's Latest Trend: AI Agents For Investment Research
Companies of all sizes, ranging from trading app Robinhood to 10-person New York startups, are now using AI to speed up and improve investment research.
Why Lenders Like SoFi And Affirm Are Taking The Biggest Hits Among Fintech Stocks
Recession fears are leading investors to think consumers won’t pay back their loans. But is the stock selloff overblown?