April 3, 2025 @ 8:02 am By Omar Faridi  |  

Plaid, the San Francisco-based fintech infrastructure company, announced a significant milestone: a $575 million funding round that values the firm at $6.1 billion. This round, led by Franklin Templeton and joined by Fidelity, BlackRock, NEA, and Ribbit Capital, marks a pivotal moment for Plaid as… Read More

April 3, 2025 @ 12:31 am By Omar Faridi  |  

Business confidence in the United Kingdom remained robust at 49% in March, maintaining its highest level since August 2024, according to Lloyds Business Barometer. This sustained high was driven by a significant boost in confidence among retail firms, which saw “a seven-point rise to 58%,… Read More

April 3, 2025 @ 12:15 am By Omar Faridi  |  

Adyen (ADYEN:AMS), the financial technology platform for various companies, announced its expanded partnership with Temu, the global e-commerce platform that connects consumers with various merchandise partners, manufacturers and brands. Adyen helped Temu go live in the U.S. in 2022, and has since partnered with the… Read More

April 2, 2025 @ 11:30 pm By JD Alois  |  

Following markup, the STABLE Act was approved by the House Financial Services Committee. The legislation provides rules for issuers of stablecoins. The STABLE Act passed through the Committee markup hearing by a vote of 32-17. Representative Bryan Steil thanked Committee Chair French Hill for supporting… Read More

April 2, 2025 @ 11:23 pm By Omar Faridi  |  

Allfunds (AMS: ALLFG), the WealthTech partner for the wealth and asset management industries with more than €1.5 trillion assets under administration across Mutual Funds, Alternative Assets and ETPs, announces the launch of Nextportfolio 4, the latest version of its flagship portfolio management tool, “strengthening Allfunds’… Read More

April 2, 2025 @ 7:41 pm By JD Alois  |  

StartEngine, one of the largest securities crowdfunding platforms in the US, has filed a 10-K with the Securities and Exchange Commission (SEC) providing insight into its operations. StartEngine’s primary business is enabling issuers to raise money under various exemptions, including Reg CF, Reg A+, and… Read More

April 2, 2025 @ 7:13 pm By JD Alois  |  

President Donald Trump followed through on his threat of global tariffs today. In a White House garden presentation, the President announced “Liberation Day,” declaring that the US would no longer idly accept tariffs from other nations but would match them instead. Trump declared that these… Read More

April 2, 2025 @ 6:51 pm By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, announced the relaunch of Laybuy in New Zealand. The launch combines a Kiwi brand with the expertise of BNPL Fintech Klarna. With over 93 million active users and 675,000 retailers across 26 markets, Klarna’s platform will aim to… Read More

April 2, 2025 @ 6:49 pm By JD Alois  |  

As of April 1, 2025, the Zelle App is no more. Zelle, created by a consortium of financial institutions, has announced that individuals using the stand-alone app must now sign up with one of the over 2200 banks and credit unions in the US that… Read More

April 2, 2025 @ 4:31 pm By JD Alois  |  

President Donald Trump has signed an Executive Order (EO) establishing a national Investment Accelerator. The United States Investment Accelerator office is expected to be established within 30 days, led by the Secretary of Commerce, working with the Secretary of the Treasury and the Assistant to… Read More

April 2, 2025 @ 4:08 pm By Omar Faridi  |  

A PitchBook update indicates that the venture capital ecosystem is grappling with a growing Distributed to Paid-In Capital (DPI) crisis, as exits remain elusive and liquidity pressures mount. Secondary markets, where investors buy and sell stakes in existing VC funds or companies, have been touted… Read More

April 2, 2025 @ 4:04 pm By Omar Faridi  |  

The U.S. Securities and Exchange Commission (SEC) and Gemini Trust Co., the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss, have jointly requested a 60-day pause in their ongoing legal battle to explore a potential resolution. The motion, filed on April 1, 2025,… Read More

April 2, 2025 @ 11:52 am By Luke Gebb  |  

Startups have a reputation for disruption for good reason—they’re fast-paced, agile, and have delivered some of the most innovative products of the last decade from social platforms to Generative AI. Large corporations, on the other hand, have a reputation for falling behind, beholden to bureaucracy,… Read More

April 2, 2025 @ 11:39 am By JD Alois  |  

The Stable Act, legislation designed to clarify the issuance of stablecoins, is in markup today as the House Financial Services Committee seeks to move the bill towards approval. The legislation is bipartisan, having been sponsored by both Republicans and Democrats, including Representatives Hill, Torres, Emmer, Huizenga, Meuser,… Read More

April 2, 2025 @ 10:59 am By JD Alois  |  

Big UK banks and big tech have joined together to commit to battling the ongoing fraud challenge which is impacting the financial services sector. Amazon, Barclays, BT, Google, HSBC, Lloyds, Nationwide, NatWest, Match Group, Meta, Monzo, Santander, and Three joined in signing a statement to… Read More

April 2, 2025 @ 10:33 am By JD Alois  |  

Ayan Capital says it has raised £25 million in Shariah-compliant financing from institutional debt provider Partners for Growth (PFG). Ayan says the commitment reflects the rising demand for Islamic financial products in the UK. Ayan Capital already provides halal business car financing, serving private hire… Read More

April 2, 2025 @ 10:21 am By Omar Faridi  |  

Payhawk, the spend management platform, today announced the launch of “AI Office of the CFO,” a suite of AI agents that solve finance’s AI challenge: increasing finance teams’ productivity while “maintaining complete control over their operations.” With its platform managing companies’ transactions, policies, workflows, and… Read More

April 2, 2025 @ 10:04 am By Tony Zerucha  |  

Ocrolus, a provider of AI-driven document automation and analysis for financial services and Entech, a global digital consultancy, today announced a strategic partnership to transform the lending application process. By combining Ocrolus’ intelligent document processing technology with Entech’s loan origination platform and technology services, lenders can… Read More

April 2, 2025 @ 8:53 am By JD Alois  |  

NewsMax (NYSE:NMAX) floated its shares on the New York Stock Exchange (NYSE) this past week. Shareholders saw the value of the equity go hyperbolic as shares closed at $233 yesterday, rising almost $150 during the day, giving the company a market cap of over $20… Read More

April 2, 2025 @ 8:38 am By Omar Faridi  |  

BitPay, a cryptocurrency payments platform and wallet provider, has officially launched its UK website and wallet app in compliance with the Financial Promotions Regime. The launch gives the UK crypto community access to a “range of consumer crypto solutions, solidifying BitPay’s commitment to a growing… Read More