Wall Street Ledger desk
Fintech
Coverage of payments companies, buy-now-pay-later lenders, corporate spend platforms and the credit-reporting infrastructure behind consumer and business finance.
Klarna beat on revenue and cut its guidance anyway, and the market only heard the second part
Q2 revenue rose 27 percent and credit losses improved, but a lowered full-year outlook sent the stock down about 20 percent in a session.
Ramp raised $750 million at a $44 billion valuation, and its newest product line is AI spending
The corporate card company has passed $1 billion in annualized revenue. Its pitch now includes controlling what companies spend on AI models.
Company Spotlight
Inside HL Hunt’s business credit builder: a closed-loop tradeline aimed at thin-file companies
The company reports a revolving business account to four commercial bureaus each month. Credit is usable only inside its own marketplace — the constraint is the design.