Topic: potential ipo
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Octopus Energy Launches Kraken: AI-Powered Billing Platform
Octopus Energy is spinning off its Kraken technology platform due to its significant growth, with $500 million in annual revenue from external clients and potential plans for an IPO valuing it at $15 billion. The spin-off aims to eliminate conflicts of interest as Kraken partners with energy prov...
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Cleo's AI Money Coach Helps You Master Spending Habits
Cleo 3.0 introduces an AI-powered money coach with voice interaction, long-term memory, and advanced reasoning, offering hyper-personalized financial guidance. The app, which syncs with bank accounts, now uses OpenAI’s o3 model for real-time insights and simplified financial decisions, achieving ...
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Klarna CEO: VIP Customers to Get Human Support
Klarna's CEO announced plans to offer premium human customer support alongside AI automation, positioning human interaction as a VIP service while automating routine tasks. AI implementation reduced Klarna's workforce by 2,500 employees over two years, cutting costs but reinvesting savings into e...
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Qonto Hits 600K Customers, Applies for Banking License in France
Qonto, a French fintech, has reached 600,000 customers in Europe and is applying for a full banking license in France to expand its services beyond its current payment institution license. Securing a banking license would enable Qonto to offer loans, savings, and investment products, addressing c...
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