ShopMy Raises $70M at $1.5B Valuation

ShopMy, a curated commerce infrastructure company, has raised $70 million in funding at a $1.5 billion valuation. The round was led by Avenir, with participation from Bain Capital Ventures, Bessemer Venture Partners, and Menlo Ventures. The round is also supported by individuals and firms, including… Read More

Prove Verified Agent Targets $1.7T Agentic Commerce Market

Prove, a provider of digital identity services, has launched Prove Verified Agent, purpose-built to secure the emerging $1.7 trillion agentic commerce market. The Prove Verified Agent solution provides the trust and verification layer for autonomous agents acting on behalf of consumers and businesses, creating an… Read More

UK’s Allica Bank Announces Acquisition of Fintech Kriya

Allica Bank announced this past week the acquisition of Kriya, the SME lending Fintech specialising in SME working capital and embedded finance. The move aims to boost Allica’s SME lending proposition and sees the UK based Fintech move into the embedded payments market. The businesses… Read More

Amlak Sells Egypt Unit to Al Baraka as Lender Expands NBFI Portfolio

Al Baraka Bank Egypt said it signed a final agreement to acquire full ownership of Amlak Finance Egypt SAE from Amlak Finance PJSC of the United Arab Emirates, as the lender moves to expand in real estate mortgage finance and non-bank financial services after receiving… Read More

Banking Sector Profits Potentially Facing Major Hit from AI Adoption, Report Claims

Banking industry profit margins are potentially facing a significant $170 billion hit from the rise of AI, according a report from McKinsey. And failure to adapt to consumers’ growing usage of artificial intelligence may lead to banks losing billions of dollars in earnings, the report… Read More

JPMorgan Plans to Accept Bitcoin and Ethereum as Collateral for Loans

JPMorgan Chase & Co. (NYSE:JPM) recently noted that it will be allowing institutional customers to use their Bitcoin (BTC) and Ethereum (ETH) as a form of collateral for loans, marking a significant shift in how Wall Street’s largest banking institutions leverages digital assets as part of… Read More

Paytech Clerq Secures $21M

Clerq, a payments platform for high-ticket transactions, has secured $21 million in capital to power the future of payments. The funding includes a $12 million Series A round led by 645 Ventures, with participation from existing investors FirstMark Capital, Fika Ventures, Commerce Ventures, and Dash Fund. The Series A also included new strategic participation… Read More

BillGO Survey Highlights Cash Flow Importance to SMBs

BillGO, a payments technology company, recently released new research examining the state of small business financial health. The study, The Small Business Payments Pulse, highlights how payment delays and fraud are impeding small business growth in 2025. BillGO partnered with Ipsos, a leading global market… Read More

Zelle Goes Global with Early Warning Expanding Payments Network via Stablecoin Initiative

Early Warning Services, the network operator of Zelle, announced a new initiative to allow Zelle to provide faster and reliable cross-border money movement. The update marks a key step in expanding the reach of Zelle globally by leveraging stablecoins. Zelle is a preferred way of… Read More

General Catalyst Backs Chainguard to Scale Go-to-Market for Secure OSS

Open source startup Chainguard said it raised $280 million in growth financing from General Catalyst’s Customer Value Fund, adding to a rapid funding pace that includes an April Series D and brings its total secured in the past six months to $636 million, or $892… Read More

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