Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Fed proposes limited payment accounts for fintechs, others
The US Federal Reserve proposed Wednesday adopting a new, more limited form of a payment account that would allow firms like fintechs to move money across the Fed's payment rails without enjoying all the backstops available to traditional banks.
Digital Banking Startup Mercury Lands $200M At $5.2B Valuation Amid Fintech Funding Uptick
Digital banking startup Mercury has raised $200 million in a Series D round at a $5.2 billion valuation, the company announced Wednesday. That's up 49% from the $3.5 billion valuation it achieved when announcing its $300 million Series C —…
Mercury hits $5.2 billion valuation as fintech firm banks on AI startups
May 20 (Reuters) - Mercury said on Wednesday it had raised $200 million at a $5.2 billion valuation in its latest funding round, led by investment firm TCV, as it seeks to attract AI-native founders and businesses as banking…
ASIC Warns of 'Lost Generation' Risk if Australia Falls Behind on Fintech and AI
Chairman Joe Longo says the regulator wants to be a backer rather than a blocker. In the meantime, around half the market declined to take part in the watchdog's recent tokenization survey. Australia risks producing a 'lost generation' of citizens…
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Travel Fintech Startup Scapia Secures $63 Million Funding Round
Scapia has raised $63 million in a fresh funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47, as the travel-focused fintech looks to deepen its presence in India's fast-growing consumer travel…
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Aurionpro Secures $33 Million US Fintech Deal for AI-Led Payment Solutions
Aurionpro Solutions has announced one of its largest wins in the US market after securing a strategic three-year fintech engagement valued at more than $33 million with a leading US-based digital insurance payments platform. The deal will be…
Beyond a sleek interface: The new wave of European fintech
Over the last 15 years, the fintech sector has transformed, from early digital extensions of physical bank branches to the rise of neobanks focused on sleek, easy-to-use interfaces. According to Sifted data, a staggering €13bn flowed into…
Trump issues EO to revisit Fed master accounts for fintechs
Key insight: One of the two bank-focused executive orders issued by the White House on Tuesday addressed access to Fed master payment accounts for fintechs. Expert quote: 'We don't expect that the order will be ignored by incoming Fed Chair Kevin…
Admiral Markets to Repurchase Remaining Bonds, Mulls Delisting from Nasdaq Tallinn
!'#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[/]^_'abcdefghijklmnopqrstuvwxyz{|} !'#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[/]^_'abcdefghijklmnopqrstuvwxyz{|} The broker surrendered its Estonian license…
Toast (TOST) Launches Toast IQ Grow AI-Powered Marketing Solution for $499 per Month
Toast Inc. (NYSE: TOST) is one of the best low priced stocks to buy for the next 3 years. On May 5, Toast launched Toast IQ Grow, an AI-powered marketing solution priced at $499 per month. The platform features an AI Marketing Agent that automates…
Fintech boss defends sacking HR team for 'creating problems that didn't exist
US fintech Bolt has become the latest company to openly link job cuts and restructuring to AI, after chief executive Ryan Breslow defended scrapping the firm's HR department during a recent round of layoffs. Speaking at a Fortune event Breslow said…
Travel fintech company Scapia raises $63 m led by General Catalyst; existing Investors Peak XV Partners, Z47 participate
Travel fintech company Scapia has raised $63 million in a round led by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47. The company will deploy the funds to expand its product portfolio across its…
General Catalyst just led a $63M bet on India's travel payments market
Scapia, an Indian startup that combines travel booking with co-branded credit cards and mobile payments, has raised $63 million in a funding round led by General Catalyst, with existing investors Peak XV Partners and Z47 also participating. The…
U.S. Futures, European Stocks Fall
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.2% in morning…
Industrials Up as Energy Inflation Fears Subside -- Industrials Roundup
Shares of industrial and transportation companies rose as concerns about energy inflation subsided. Jeep-maker Stellantis and Chinese partner Dongfeng Group established a new joint venture to manufacture and sell Dongfeng vehicles in selected…
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