Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
Fintech firm Mercury hits $5.2 billion valuation after funding round, up 49% in 14 months
Mercury raised $200 million at a $5.2 billion valuation, a 49% jump over its last round, led by TCV and including Sequoia, Andreessen Horowitz and Coatue, CNBC has learned exclusively. The fundraising comes weeks after Mercury received conditional…
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…
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…
White House Pushes FinTech Access to Payment Rails
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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…
Top FinTech Media Outlets in 2026: A Ranked Shortlist for PR Teams
The best FinTech media outlets are publications with relevant financial-technology readership, reliable traffic, measurable engagement, and useful distribution value. FinTech outlet selection is difficult because the category includes finance…
Consumer Cos Up as Oil Futures Fall -- Consumer Roundup
Consumer companies rallied after generally strong earnings and a slide in oil prices. A 5.7% drop in oil futures based on hopes for a peace deal between the U.S. and Iran sparked a rally in airline shares. The U.S. Global JETS exchange-traded fund…
Top Republican pumps brakes on prediction markets regulation
House Financial Services Committee Chairman French Hill, R-Ark., poured cold water on Congress moving to regulate prediction markets anytime soon. During an interview at Semafor's Banking on the Future Forum Wednesday, Hill said his committee is…
Europe's Crypto Shift Is Rewarding A Different Kind Of Founder
Anders Jakobsson, Founder + CEO, Cemperium A veteran enterprise IT executive with severe vision loss has built a crypto exchange around regulation and operational trust at the exact moment Europe's blockchain industry is being forced to grow up.
Industry Leaders from Visa, Airbnb and Cancer Research UK to Judge 2026 Global Procurement & Supply Chain Awards
London, 20 May 2026 – BizClik have unveiled the judging panel for the Global Procurement Awards & The Global Supply Chain Awards 2026, featuring senior executives from leading global organisations including Visa, Airbnb, Cancer Research UK…
Power Corp, Great-West Lifeco, IGM Financial Jointly Invest $150M in AI Fund
Power Corp. of Canada, Great-West Lifeco and IGM Financial are jointly investing $150-million into in a newly created fund called artificial intelligence-focused Sagard AI Fund LP. The fund will back AI-driven companies that are accelerating the…
Multitude acquires majority stake in Sortter Oy
Zug, 20 May 2026 – Multitude AG, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized enterprises, and other FinTechs (WKN: A40VJN, ISIN: CH1398992755)…
Materials Up on Hopes for U.S.-Iran Peace -- Materials Roundup
Producers of metals, grains and other raw materials rose on hopes for a breakthrough in U.S.-Iranian peace negotiations. Gold futures, which had retreated significantly due to concerns about the inflationary fallout of the Hormuz closure, rose 0.6%…
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