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What the heck happened at fintech Bench?
Welcome to TechCrunch Fintech! It’s good to be back. This week, we’re looking at the wild ride that was Bench’s shutdown and acquisition; dozens of
First, Dominic-Madori Davis broke the news that PayPal is being sued by the founder of venture firm Andav Capital, Nisha Desai, who claims she was excluded from the payment giant’s diversity and equity program because she is Asian. Before 2024 came to a close, Manish Singh wrote about how shares of digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading and how the Indian fintech’s $69 million IPO comes amid fierce competition from larger rivals. Meanwhile, Julie Bort reported on how digital bank Chime filed its confidential paperwork with the SEC, a moment the company has been prepping for since it hired banker Morgan Stanley last September, with an eye to IPO in 2025.
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