Fintech

Coval and Klym partner to finance 1.5 million SMEs

Coval Servicios Financieros has announced its entry into the Colombian market through a strategic alliance with fintech Klym, aiming to provide financing access to over 1.5 million micro, small, and medium enterprises (SMEs). The company projects double-digit growth in annual financed volume by the end of 2025 compared to 2024. This initiative seeks to bolster the liquidity of SMEs, which make up 99.5% of the country's productive fabric.

Revolut secures MiCA licence for EU crypto expansion

October 23, 2025 Chris Blake

Revolut has obtained a MiCA licence from Cyprus' financial watchdog, enabling the fintech firm to offer crypto services across the European Economic Area. The approval supports the company's ambitious plans in the sector amid growing competition. This milestone comes as Revolut prepares to launch an enhanced crypto offering.

Klarna Completes Initial Public Offering

Fintech company Klarna has successfully completed its initial public offering, marking a significant milestone in its growth trajectory. The IPO allows Klarna to access public markets for further expansion.

Fintechs and nonbanks pursue crypto custody charters

October 28, 2025 Chris Blake

As cryptocurrency integrates into mainstream finance, fintechs, nonbanks, and tech giants are competing for federal and state trust charters to handle custody services. This arms race highlights the shift from decentralized key control to regulated institutional standards. IBM's recent announcement underscores the growing normalization of crypto custody.