TabaPay Aims to Acquire Chartered Transact Bank, Raises $155 million

TabaPay, a platform that provides a single point of management for money movement for banks and Fintechs, says it intends to acquire Denver-based Transact Bank, a federally chartered entity. At the same time, TabaPay has received a $155 million investement from FTV Capital a growth… Read More

Fintech Platform Swivel Connects Payment Guidance to Temenos Digital Collector

Swivel, a fintech unit of SWBC, has confirmed that its payment and engagement technology is now available inside Temenos Digital Collector, a self-service collections tool within Temenos’ Lifecycle Management Suite. The connection is designed so banks and credit unions can offer more tailored, data-informed support… Read More

Alipay+ Connects with Philippines’ QR Ph for Cross-Border Payments

Ant International’s Alipay+ has connected with the Philippines’ national QR payment system, allowing international visitors to pay merchants through supported overseas e-wallets and banking apps. The integration with QR Ph means participating merchants can accept payments from Alipay+ partner users through their existing QR codes… Read More

Fintech Stripe Acquires Online Legal Platform Clerky

Stripe has acquired Clerky, the online legal platform long used by high-growth startups and their lawyers for incorporation and routine corporate paperwork. The deal expands Stripe’s reach beyond payments and Stripe Atlas into the legal workflows that accompany company formation, fundraising, hiring, and ongoing governance…. Read More

Shares of Neobank Mercury to be Available on Republic Europe

Republic Europe has announced an opportunity to own shares in Mercury, a San Francisco-based neobank, through a secondary offering listed on its platform. Secondaries, or issued shares in private firms, have become an important revenue generator for securities crowdfunding platforms. Shares of more mature private… Read More

Malaysia’s Forest City Offers 5% Tax Rate to Eligible Fintech Companies

Malaysia’s Forest City Special Financial Zone is offering a 5% corporate tax rate to eligible fintech companies and payment-system operators, as the development seeks to attract technology-enabled financial services businesses near Singapore. The preferential rate is available for 10 consecutive assessment years and may be… Read More

SG’s HitPay Embeds Payment Infrastructure Into Superbench AI Platform

Singapore-based payments platform HitPay has integrated its payment infrastructure with Superbench, allowing business-to-consumer service providers to manage customer inquiries, bookings, and payments through a single system. The partnership adds embedded payments to Superbench’s AI-powered customer engagement platform, covering transactions from online deposits to in-person point-of-sale… Read More

Ark Invest Acquires $37M in Additional Shares in Jack Dorsey’s Fintech Firm Block Inc ($XYZ)

Cathie Wood’s ARK Invest has again increased its stake in Block Inc., (NYSE: XYZ), the payments and financial services company led by Jack Dorsey, continuing a pattern of adding shares during periods of price weakness. Reports published at the start of September indicated that ARK… Read More

Alice’s $140M Round Leads Last Week’s Funding and Acquisition News

AI security firm Alice confirms $140M funding round Apax Digital Funds led the round, with participation from Samsung, SentinelOne, Maj Invest, MoreTech and Phoenix Insurance. Existing investors Resolute Ventures, Grove Ventures, CRV, Highland Europe, Vintage Investments, Norwest, NFX and Claltech came along for the ride… Read More

Telegram Opens Gram Wallet to Limited Group Ahead of Broader Userbase Rollout

Telegram has begun placing a built-in cryptocurrency wallet in front of a first wave of accounts, marking the start of a staged expansion that company founder Pavel Durov says will eventually reach more than a billion people on the messaging platform. In a post on… Read More

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