Stripe goes AI shopping, buys OpenRouter for $7B
Stripe expands its AI presence with OpenRouter, which builds infrastructure allowing developers to secure access and route requests across different AI models.
Bank of America to invest up to $1.8B in Jio Credit
For its investment, BoA gets 49.9% of the Indian fintech, allowing it to increase its expansion plans.
Francisco Partners acquires Weave for $650M
The Utah-based Weave develops payments and patient engagement software. It was a take-private deal.
Ingenico secures $174M from PIMCO-led group
The funds are earmarked for resetting capital structure and accelerate Ingenico’s growth strategy. Some debt will be converted to equity; creditors will receive shares.
India’s Navi raises $100M
Led by Prosus, this initial institution funding infusion values the firm at $1.3 billion. Navi, founded by Flipkart co-founder Sachin Bansal, provides digital payments, lending, insurance and mutual funds.
AI accounting startup Rillet celebrates $73M Series C
Iconiq led the round in support of the ERP firm. Andreessen Horowitz and Sequoia are among the returning investors cutting cheques again
Calgary’s Helcim Raises $38.4M Series C
The Canadian paytech’s Series C was led by Business Development Bank’s (BDC) Growth Venture Fund, with participation from Curql Collective, a strategic investment fund backed by more than 160 North American credit unions, Gold House Ventures, Headline, Aquiline, Information Venture Partners, Vesey Ventures, Clocktower Ventures, and Alberta Accelerate Fund.
NZ fintech Sterling attracts $2.2M round
The startup builds an auto-pilot for finance teams. Blackbird led the round, with participation from Rowan Simpson, Eliot Crowther and former employees of Trade Me, Pushpay, Xero and Vend.
Datavault to acquire BankWyse
Datavault offers data monetization, credentialing, digital engagement and RWA tokenization. BankWyse will contribute custodial and commercial banking services. It holds a Wyoming state bank charter as a Special Purpose Depository Institution, integrating qualified custody with a commercial banking platform for interoperability across digital assets and fiat currencies. As a fully-reserved depository institution, the fiat deposits held by BankWyse are not required to be insured by the FDIC
