April 27, 2025 @ 11:40 pm By Omar Faridi  |  

The digital payment landscape is evolving rapidly, with recent developments highlighting the strengths and challenges of various providers. According to a study by Consumer Reports, digital wallets from fintech companies like Block and PayPal offer improved fraud monitoring and liability protection compared to those from… Read More

April 27, 2025 @ 11:12 pm By Omar Faridi  |  

Financial infrastructure Fintech Stripe, the $70 billion online payment processing firm, has announced a new stablecoin product powered by Bridge, a startup it acquired for $1.1 billion in October 2024. The initiative, shared by Stripe CEO Patrick Collison on X, marks the company’s expansion into… Read More

April 27, 2025 @ 10:11 pm By Omar Faridi  |  

Loopscale, a so-called decentralized finance (DeFi) protocol operating on the Solana blockchain, fell victim to a significant security breach, resulting in a loss of approximately $5.8 million. This amount represents 12% of the platform’s total value locked (TVL), which stood at around $40 million prior… Read More

April 27, 2025 @ 9:37 pm By Michael Wong  |  

Nasdaq is calling on U.S. regulators to establish clearer rules for digital assets by defining them into four distinct categories, a move the exchange operator said would help determine the proper oversight responsibilities between federal agencies. In a 23-page letter sent to the Securities and… Read More

April 27, 2025 @ 9:35 pm By Omar Faridi  |  

Several of Wall Street’s largest banks, including Citigroup, BNP Paribas, and Natixis, found themselves entangled in the collapse of London-based firm Stenn, once heralded as a $1 billion trade-finance Fintech. The implosion, which unfolded rapidly, exposed critical oversights in due diligence and raised questions about… Read More

April 27, 2025 @ 9:33 pm By Omar Faridi  |  

A research report from NYDIG highlights a shift in Bitcoin’s (BTC) market behavior, positioning it as a potential non-sovereign store of value in a landscape of growing economic and geopolitical instability. But these signs are very early and a bit pre-mature to draw an definitive… Read More

April 27, 2025 @ 9:31 pm By Tony Zerucha  |  

Theo, a network connecting on-chain capital to global markets via institutional-grade trading infrastructure, has raised $20 million in funding. The round was jointly led by Hack VC and Anthos Capital, with participation from venture capital firms including Manifold Trading, Mirana Ventures, Metalayer Ventures, Flowdesk, SCB, MEXC, Amber… Read More

April 27, 2025 @ 9:28 pm By Tony Zerucha  |  

Better.com (NASDAQ: BETR), an AI-powered digital homeownership company, today announced a new partnership with Biz2Credit, a financing platform for small businesses. This collaboration will provide Biz2Credit’s customers with the option to receive $50,000 to $500,000 in additional financing options through Better.com’s Home Equity Line of… Read More

April 27, 2025 @ 9:09 pm By Tony Zerucha  |  

The Interledger Foundation, an organization building and advocating for an open, interoperable payments network, has announced its participation in three technological initiatives and five research projects. Among these initiatives is work with private fintech companies to streamline remittances for a major bank in Pakistan, power… Read More

April 27, 2025 @ 8:00 pm By Michael Wong  |  

MagicBlock, a startup building fully on-chain real-time applications on the Solana blockchain, said it has raised $7.5 million in a Seed funding round led by Lightspeed Faction. The round was also backed by Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and angel… Read More

April 27, 2025 @ 7:44 pm By Tony Zerucha  |  

Affirm Holdings, Inc. (NASDAQ: AFRM) is expanding the credit reporting of its pay-over-time products to TransUnion (NYSE: TRU), the companies jointly announced today. All Affirm pay-over-time loans issued from May 1 onward, including Pay in 4 and longer-term monthly installments, will be reported to TransUnion…. Read More

April 27, 2025 @ 6:52 pm By Tony Zerucha  |  

Revionics, a provider of retail pricing, has unveiled the alpha release of its multi-agent AI pricing system. The live demonstration and innovation showcase took place at the Google Cloud Next 2025 event in Las Vegas. Revionics’ Aakriti Bhargava, VP of engineering and AI, and Alex Braylan,… Read More

April 27, 2025 @ 6:39 pm By Michael Wong  |  

Real-time artificial intelligence (AI) firm Dataminr said it closed a $100 million convertible financing from funds managed by affiliates of Fortress Investment Group. The New York-based firm said the proceeds, which follow an $85 million convertible and credit facility secured in March from NightDragon and… Read More

April 27, 2025 @ 6:37 pm By Omar Faridi  |  

Spendesk, the spend management and procurement platform for mid-market companies, announces its company-wide adoption of Dust, European specialist in custom AI agents for enterprises. This collaboration enables Spendesk to increase efficiency, eliminate fragmented internal AI tool usage, and “ensure data security and compliance with UK… Read More

April 27, 2025 @ 5:50 pm By Omar Faridi  |  

The Federal Deposit Insurance Corporation (FDIC) announced plans to eliminate approximately 1,250 positions across most of its departments. This, according to an internal email that was reportedly sent to staff recently and obtained by American Banker. This significant reduction is part of the second phase… Read More

April 27, 2025 @ 5:46 pm By Omar Faridi  |  

Flex, the fintech company enhancing back office finance for ambitious business owners, and Maza, one of the largest entity formation and payments apps for Spanish-speaking solopreneurs and consumers, announce their M&A. As part of the deal, Maza will rebrand as Flex Consumer, “a new arm… Read More

April 27, 2025 @ 5:42 pm By Omar Faridi  |  

A widespread outage struck Arvest Bank’s online and mobile banking platforms on April 25, 2025, affecting thousands of customers across Arkansas, Kansas, Oklahoma, and Missouri. The disruption, which began around 3 a.m. ET, reportedly prevented users from accessing their accounts, paying bills, or making transactions,… Read More

April 27, 2025 @ 5:40 pm By Michael Wong  |  

Ant Bank (Hong Kong), the digital banking arm of Ant International, has received a $100 million capital infusion from its parent company as it seeks to scale up its services and broaden its role in Hong Kong’s digital financial ecosystem. The funding, according to an… Read More

April 27, 2025 @ 5:38 pm By Michael Wong  |  

iMENA Group, a regional operator of digital platforms in the Middle East and North Africa, has raised $135 million in the first tranche of its pre-IPO funding round, backed by Sanabil Investments, FJ Labs, and several Saudi investors, including Saygin Yalcin, founder of SellAnyCar. The… Read More