Fintech
Innovation in financial technology — digital payments, neobanks, blockchain, and more.
Philippine SEC Clears GCash Parent Mynt's PHP 92.3 Billion IPO Ahead of October Listing
The Philippine SEC approved Mynt's registration statement for an IPO of up to PHP 92.32 billion, with listing planned for 20 October under the ticker GCASH.
SoFi and Payward Linked Banking Rails to Kraken Markets in Settlement Partnership
SoFi Technologies and Payward announced a strategic partnership on 3 September under which Payward joins the SoFi Exchange Network, lists SoFiUSD on Kraken, and supplies liquidity to SoFi's 15.8 million members.
US Identity Fintech Socure Raises $156 Million at $5.2 Billion Valuation Led by Summit Partners
Socure raised $156 million in a Series E extension at a $5.2 billion valuation led by Summit Partners, with an accompanying acquisition of AI firm Fravity.
US's Rillet Hits Unicorn Status With $100 Million Series C Led by ICONIQ at $1 Billion Valuation
AI-native ERP Rillet raised $100 million in a Series C led by ICONIQ at a $1 billion valuation, its third major raise in around 14-18 months.
Colombia's Yuno Raises $45 Million Series B Led by Global PayTech Ventures
Colombian payments orchestrator Yuno raised $45 million in Series B funding led by Global PayTech Ventures, taking total funding to $80 million across three rounds.
Germany's Moss Reaches EUR 1 Billion Unicorn Valuation With EUR 35 Million Series C Led by Portage
Berlin fintech Moss has raised a EUR 35 million Series C led by Portage at a EUR 1 billion valuation, becoming a unicorn as it invests in Finance AI for the back office.
US OCC Rejects Dutch Fintech Bunq's Application for National Bank Charter
The US Office of the Comptroller of the Currency has denied Bunq's application for a national bank charter, citing significant supervisory and compliance concerns.
Nigeria's Moove Raises USD 250 Million Series C at USD 2.1 Billion Valuation Led by Mubadala
Nigerian mobility fintech Moove has raised USD 250 million in a Series C round led by Mubadala at a USD 2.1 billion valuation to scale its autonomous vehicle business.
Africa-Focused Stablecoin Firm Yellow Card Raises USD 40 Million for LatAm and APAC Expansion
Yellow Card has closed a USD 40 million strategic funding round to expand its Global USD Accounts and local payment rails into Latin America and Asia Pacific.
Delhi High Court Orders Winding-Up of Paytm Payments Bank Following RBI Licence Cancellation
The Delhi High Court ordered the winding-up of Paytm Payments Bank and appointed Girikumar M. Nair as official liquidator after the RBI cancelled the lender's licence.
Ant International Closes Approx USD 1.2 Billion Series A Round Backed by Ant Group and Alibaba
Singapore-based Ant International raised approximately USD 1.2 billion in Series A funding from Ant Group, Alibaba and international investors.
US Brokerage Fintech Alpaca Raises $135 Million Led by Peak XV to Build Tokenised Markets Infrastructure
Alpaca has raised $135 million led by Peak XV, taking new financing to $435 million with debt from Payward and BMO, to build tokenised markets infrastructure.