Ripple has agreed to acquire Canadian payment infrastructure fintech Rail for $200 million, as part of an effort to “drive the next phase of innovation and adoption of stablecoins and blockchain in global payments”, according to president Monica Long. The deal is expected to close in Q4 2025, subject to regulatory approval and other customary…
Transak, a global web3 infrastructure services start-up providing fiat-to-crypto payment rails, has raised $16 million in a new strategic funding round. The raise follows a $20 million Series A headed by Hong Kong-based venture capital fund CE Innovation Capital (CEIC) in 2023. CEIC returned to support this latest round, which was led by Tether and…
Financial Sandbox a nonprofit that provides early-stage startups around the world with free access to critical datasets and infrastructure through its Data Access Residency, today announced exciting details for the 2025 Boston Fintech Week happening September 15-19. This year’s theme is “The New Frontier” and the week’s events will explore how breakthroughs in artificial intelligence (AI) are…
Klarna and Bolt have recently announced a partnership, which will see Klarna’s payment options integrated into Bolt’s checkout operating system. This deal means Klarna will show up as a buy now, pay later choice on Bolt devices. Merchants using Bolt can offer Klarna’s Pay in 4 or monthly financing options to shoppers in physical stores,…
Investment firm Carlyle Group has partnered with U.S. banking giant Citigroup to provide asset-backed financing to fintech lenders, the companies said on Thursday. As part of the partnership, Carlyle and Citi will share market intelligence, and explore co-investment and financing opportunities, the companies added. The rise of fintech lending, fueled by convenient application processes and flexible credit,…
Walmart’s majority-owned fintech startup OnePay said Monday it was launching a pair of credit cards with a bank partner for customers of the world’s biggest retailer. OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies said. OnePay, which…
Trade agreements in the 21st century are no longer just about reducing tariffs. Increasingly, they are evolving into frameworks that facilitate data flows, digital services, and financial innovation. They are evolving into frameworks that facilitate data flows, digital services and financial innovation. According to the World Trade Organization over 60 per cent of newly signed…
Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business. The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit. New York-based iCapital will manage…
Employer.com has acquired MainStreet.com for an undisclosed amount, the latest fintech startup to get snapped up by the workforce management company. In a post on X, Employer.com chairman and co-founder Jesse Tinsley said the two companies were “merging forces to simplify business back office solutions into one powerhouse platform.” Tinsley confirmed the acquisition to TechCrunch. MainStreet,…
The growth of Artificial Intelligence in the Fintech market is fueled by the increasing need for intelligent financial solutions that enhance customer experience, reduce risks, and improve decision-making in real time. The SNS Insider report indicates that the AI in the fintech market was valued at USD 12.2 billion in 2023 and is projected to…
