Fintech Rundown (10/02) - Stripe, Barclays, Bithumb

First up, Stripe is arranging a tender offer that would give the payments giant a valuation of at least $140 billion, a jump of more than $30 billion from its most recent value. Investors said Stripe was worth $107 billion in a deal last year. However, terms of the latest tender offer could change.

Next up, Barclays’ profits rose 12 per cent in the fourth quarter thanks to a strong showing from its investment bank. The bank announced pre-tax profits of £1.9bn on Tuesday, ahead of analyst expectations of £1.7bn for the quarter. Revenues were up 2 per cent from the same period last year to £7.1bn.

And finally, South Korea's financial watchdog has launched an in-depth investigation into local crypto exchange Bithumb after it mistakenly sent about $43 billion worth of bitcoin to users last week. Bithumb mistakenly sent 620,000 BTC to hundreds of users last week, exposing weaknesses in its internal controls and risk management. Bithumb has since announced that it has recovered 99.7% of the falsely distributed bitcoin and 93% of the 1,788 BTC that users sold.

That’s your fintech rundown. Stay tuned for more updates.