Search Results for: financial infrastructure

Formance, an Open Source Financial Infrastructure Provider, Reports $21M Series A Round

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Formance, an Open Source financial infrastructure provider, announced the close of a $21 million Series A funding round co-led by PayPal Ventures and Portage, with participation from Y Combinator, Hoxton Ventures, and AXC. This latest milestone reportedly comes on the heels of a “10x increase”… Read More

Cross River Bank to Continue Building Financial Infrastructure in 2025, Will Aim to Expand into New Markets

Gilles Gade, Founder and CEO at Cross River Bank, said that when he thinks of 2024, he’s reminded of a quote by the Austrian philosopher Viktor Frankl: ā€œWhen we are no longer able to change a situation – we are challenged to change ourselves.ā€ As… Read More

Financial Infrastructure Fintech Stripe Launches SDKs for AI Agents

Jeff Weinstein, a Product Specialist at Stripe, recently announced an innovative development for the AI community. Weinstein noted that Stripeā€™s launch of a new SDK is specifically designed for AI agents. Today(), @stripe is launching a SDK built for AI agents: – LLMs can call… Read More

Financial Infrastructure Fintech Stripe Expands Operations with Toronto Office

Stripe, a financial infrastructure platform for businesses, has reportedly opened its new flagship office in Toronto. The expansion reflects Torontoā€™s growth as the fourth-largest market “for tech talent in North America and reinforces Stripeā€™s commitment to Canada.” Stripe serves fast-growing Canadian startups and platforms “such… Read More

Financial Infrastructure Fintech Stripe Marks 10 Years of Serving Businesses in Australia

Stripe, a financial infrastructure platform for businesses, marked its 10th anniversary serving Australian businesses, marking the rapid growth in the countryā€™s internet economy. At its annual conference, Stripe Tour Sydney, Stripe reinforced its commitment “to Australia by launching new solutions to support businessesā€™ growth, including… Read More

Unit, the Financial Infrastructure Platform Enabling Embedded Finance, Partners with Lincoln Savings Bank

Unit, the financial infrastructure platform that powers embedded finance, announced a strategic partnership with Lincoln Savings Bank (LSB). This collaboration will power LSB to expand its embedded finance offerings and “further cement its reputation as an innovative financial institution.” Founded in 1902, Lincoln Savings Bank… Read More

Stripe, a Financial Infrastructure Platform for Businesses with Fiat-to-Crypto Onramp, Now Supports Avalanche C-Chain

Stripe, a financial infrastructure platform for businesses with a fiat-to-crypto onramp, now supports the Avalanche C-Chain. Retail users can purchase AVAX directly “through Stripe, removing the need to go through an exchange.” Available to U.S. Stripeā€™s fiat-to-crypto onramp is “a customizable widget embedded into Avalanche… Read More

Financial Infrastructure Fintech Plaid Releases State of DEI Report

Plaid has released its State of Diversity, Equity, Inclusion, and Belonging (DEIB) report. In this yearā€™s report, Plaid commented on the progress made from the previous year and their reflections on how their DEIB efforts have “grown at Plaidā€”including their focus on sustainability and creating… Read More

Financial Infrastructure Fintech Stripe Unveils Over 50 New Features

Stripe, a financial infrastructure platform for businesses, announced more than 50 new features at its annual user conference, Stripe Sessions, held at the Moscone Center in San Francisco. Last year, Stripe says it had “processed more than $1 trillion in payments for millions of users,… Read More

Fintech Stripe, a Financial Infrastructure Platform, Partners with The Hertz Corporation to Streamline Payments

Stripe, a financial infrastructure platform for businesses, announced a partnership with The Hertz Corporation to power payments for its Hertz, Dollar, and Thrifty car rental brands. Hertz explains that it will aim to “unify the majority of its in-person and online payment volume onto Stripe… Read More

Financial Infrastructure Fintech Stripe to Work with Best Buy

Stripe, a financial infrastructure platform for businesses, announced its work with Best Buy in order “to help power the retailerā€™s expansion into prescription health and wellness technology products.” Stripe explains that it “provides the payments infrastructure for Best Buyā€™s new platform, Wellness.BestBuyHealth.com, a new convenient… Read More

Financial Infrastructure Firm Plaid Says Consumers Are Increasingly Using Bank Accounts to Sign-Up for Fintech Apps

Everything that Plaid is building together is part of a “bigger picture” which includes helping millions find financial freedom. As Plaid and its team prepares for 2024, they’ve taken a look back at what they consider to be the yearā€™s biggest highlights and what theyā€™ve… Read More

Financial Infrastructure Fintech Plaid Comments on Open Finance Adoption, Widespread Use of APIs

Plaid says that it has led the industry shift away from screen scraping, with the majority of their traffic now “on or committed to APIs.” Plaid are pleased to see regulators “reaffirm the industryā€™s adoption of this new technology.” At the same time, the open… Read More

Financial Infrastructure Fintech Stripe Introduces Products for Southeast Asia Clients

Stripe, a financial infrastructure platform for businesses, introduced its latest product innovations at Stripe Tour Singapore. Stripe products are positioning businesses of all sizes in Southeast Asia “to take advantage of surging consumer demand in the region for online goods and services.” A recent Stripe… Read More

Financial Infrastructure Fintech Plaid Announces Updates to Transactions Product

Plaid is pleased to announce several updates to their Transactions product, which enables financial services providers to do even more with transactional data. These new features and quality enhancements from Plaid are “designed to amplify your ability to provide tailored solutions and services, unlocking improved… Read More

Irish Firms Have Reportedly Processed ā‚¬20 Billion in Transactions via Stripe, a Financial Infrastructure Provider

Stripe, a financial infrastructure platform for businesses, recently marked its tenth anniversary serving Irish businesses, “with the release of data revealing widespread, rapid growth in the countryā€™s internet economy.” Over the last decade, conditions for Irelandā€™s internet businesses “have improved dramatically.” Homegrown startups now “have… Read More

Financial Infrastructure Fintech Stripe Introduces Major Upgrades to Enhance Checkout Processes

Stripe, a financial infrastructure platform for businesses, added new features to its optimized checkout suite to help users increase their revenue by making it easier for their customers to complete a purchase. The optimized checkout suite consolidates years of Stripe research into “a set of… Read More

Financial Infrastructure Fintech Plaid Helps Scholar Fund with Adding Anti-Fraud Measures to Application Process

Scholar FundĀ is a non-profit offering education, workforce placement, and financial assistance for underserved communities. Recently, they managed the application and distribution of “a $5 million fund supporting over 6,000 Washington families and 20,000 children that are 200% below the poverty line.” To make this a… Read More

Stripe, a Financial Infrastructure Platform for Businesses, Appoints Steffan Tomlinson as CFO

Stripe, a financial infrastructure platform for businesses, recently announced that Steffan Tomlinson will join the company as chief financial officer. Steffan reportedly has more than 25 years of experience “in the finance industry, most notably with Confluent, Google Cloud, and Palo Alto Networks.” According to… Read More

Financial Infrastructure Fintech Stripe Joins the MACH Alliance

MACH Alliance, a group of independent tech companies dedicated to advocating for open, best-of-breed technology ecosystems, announced that Stripe has joined the Alliance. Stripe, which builds economic infrastructure for the internet, is “used by many of the world’s leading enterprises from Amazon to BigCommerce, Ford,… Read More

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