Tag: Fintech and ecommerce

Sachin Bansal’s Navi hires banks for a $315m IPO, four years after his first attempt stalled

Navi, the Indian fintech founded by Flipkart co-founder Sachin Bansal, has hired banks for an initial public offering of about $315m, according to a Bloomberg report. It is the clearest sign yet that Bansal’s second act is finally heading for the public markets, four years after his first attempt quietly stalled. The headline number comes […]

Read More

Google Play adds Venmo as a payment option in the US. In other markets, it is testing cash.

TL;DR Venmo now accepted on Google Play in the US for apps, games, subscriptions, and creator tips. Joins PayPal, Cash App, and cards. $167B spent on in-app purchases in 2025 (up 10.6%). Google also testing cash payments via Pending Transactions in some markets. Google Play now accepts Venmo in the United States. Users can link […]

Read More

Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.

TL;DR Shein advisers pitching HK IPO at sub-$30B, down 70% from $100B+ peak. Q1 net loss $99M. Net profit fell from $3.4B to $2B. Margins halved to 4.9%. Tariffs, Temu competition, and lost de minimis exemption crushing model. Shein’s advisers are pitching the fast-fashion giant to investors at a valuation below $30 billion for its […]

Read More

South Africa wants to ban companies from moving stablecoins abroad. Individuals keep their allowance.

TL;DR South Africa’s Reserve Bank and National Treasury have proposed banning companies from making cross-border stablecoin transfers, while leaving individual allowances of up to R2m intact. Exchanges including VALR and Luno have objected, with Luno signalling a possible legal challenge if Treasury bypasses parliament. South Africa has proposed banning corporate cross-border stablecoin transactions, in draft rules […]

Read More

Robinhood is launching a publicly traded fund that invests in Y Combinator startups. Anyone can buy shares.

TL;DR Robinhood Ventures Fund II is going public at $25/share, focused on Y Combinator startups. Fund I (March IPO, $315M raised) holds Databricks, Stripe, Canva. Goldman, Citi, JPMorgan underwriting. 2% management + 20% incentive fee. Robinhood is launching a second publicly traded closed-end fund that will invest in private companies from the Y Combinator ecosystem. […]

Read More

Meta’s new prediction market app Arena could bring betting to 3 billion users

TL;DR Mark Zuckerberg directed Meta to build a prediction market app called Arena, rattling DraftKings and Flutter shares on Tuesday. Mark Zuckerberg has directed a small team at Meta to build a smartphone app that would compete with prediction market platforms Polymarket and Kalshi, the New York Times reported on Tuesday. The app, internally called […]

Read More

Apple is building a bill-splitting feature that photographs receipts and assigns items to friends

TL;DR Apple is preparing a bill-splitting feature for iOS 27 that photographs receipts, assigns items to individuals, and generates Apple Cash payment requests. The tool, expected to be announced at WWDC, competes directly with Splitwise, Venmo, and Cash App. Apple is preparing a new iPhone feature that lets users photograph a restaurant receipt, assign individual […]

Read More

How Coinspaid became one of fintech’s top remote-first employers

TL;DR Coinspaid built a remote-first fintech culture centered around ownership, flexibility, learning, and employee well-being. By combining global hiring, cross-team collaboration, and long-term career development, the company has become one of fintech’s most recognized remote-first employers. Fintech is a sector known for speed and pressure. Employment is usually described in the language of momentum: rapid […]

Read More

Adfin raises $18m Series A from Index Ventures for agentic business finance

Visionaries Club returns; Stéphane Kurgan (ex-King COO) and Miro founder Andrey Khusid join. Total funding now over $30m in less than two years. The London fintech says its customers see late-payment rates 7x lower than the UK SME average. Adfin, the London-based fintech building an agentic money-movement platform, has raised $18m in a Series A […]

Read More

Paymentology raises $175m co-led by Apis Partners and Aspirity Partners

Paymentology, the London-based global issuer-processor, has raised $175m in a round co-led by Apis Partners and Aspirity Partners, the company said on Tuesday. Apis invested through its Apis Growth Fund III vehicle, which the firm said takes its total payments-sector investment count to 16. For Aspirity, a pan-European private-equity firm focused on financial technology and […]

Read More

Wise left London for Nasdaq. It is also applying for a US banking charter. The migration is not just a listing change.

TL;DR Wise began trading on Nasdaq under ticker WSE after moving its primary listing from London. The fintech processed 243 billion dollars in cross-border volume last year and is applying for a US banking charter and Federal Reserve master account as London’s stock market continues to lose its biggest tech companies. Wise began trading on […]

Read More

Seapoint raises €7.5M and opens to all UK and Irish founders

The Dublin and London-based fintech, founded by ex-Stripe and ex-Tide engineers, has processed over 100,000 transactions and 40,000 invoices across 80+ early customers. Its €7.5M seed round, led by 13books, brings total funding to €10M and opens the platform to any startup in the UK and Ireland. Seapoint, the AI-powered financial operations platform for startups, […]

Read More

The fintech that pivoted because of Kanye West just hit a $1.4B valuation with $100M from Khosla and Ribbit

Slash, the vertical banking platform built by two college dropouts, has raised a $100M Series C backed by Khosla Ventures and Ribbit Capital. The company’s valuation has nearly quadrupled since its May 2025 Series B, the latest leg of a comeback story that began when its core market evaporated overnight. Slash, the San Francisco-based vertical […]

Read More

Spektr raises $20M to replace the compliance analyst’s copy-paste workflow with AI agents

The Copenhagen fintech has built a platform of specialised AI agents that handle KYC and KYB work, document reviews, ownership mapping, risk rationale, in minutes rather than hours. NEA led the Series A; Northzone, Seedcamp, and PSV Tech participated. Spektr, a Copenhagen-based startup building AI infrastructure for financial compliance, has raised $20 million in a […]

Read More

Round raises $6M to automate the finance workflows that still require a human to press a button

The London fintech, used by Cleo and PostHog, has closed a seed round led by Alstin Capital, with Backed VC and Love Ventures participating. The co-founder of Indeed also joined as an angel. Passion Capital, an early backer of Monzo, Tide, and GoCardless, doubled its investment. Round, a London fintech that automates treasury management, payments, […]

Read More

Meow Technologies launches the first agentic banking platform for AI agents

In short: Meow Technologies has launched what it describes as the world’s first agentic banking platform, enabling AI agents to open business bank accounts, issue cards, send payments, and manage day-to-day account activity on behalf of users, with no human required to initiate any action. The platform supports Claude, ChatGPT, Cursor, Gemini, and other leading AI […]

Read More

BILL lets enterprise suppliers collect from any SMB, even ones not on its platform

In short: BILL has expanded its Supplier Payments Plus product to let large enterprise suppliers accept card and ACH payments from any SMB customer, including those with no BILL account, converting paper checks into digital transactions automatically and depositing card payments directly into supplier accounts. The company says the changes can shorten collection times by up […]

Read More

Monzo is shutting down its US operation, and its European banking licence explains why

In short: Monzo announced on 1 April 2026 that it is closing its US operations, stopping new American sign-ups immediately and shutting existing accounts by June, and cutting approximately 50 roles. The decision comes three months after the UK challenger bank received a full banking licence from the European Central Bank and the Central Bank of […]

Read More

Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high.

Six months after listing on the New York Stock Exchange at $40 a share, Klarna is trading at roughly $12. The Swedish buy-now-pay-later company that once symbolised European fintech’s arrival on Wall Street has lost more than three quarters of its market value since its September debut. On Tuesday, it announced a $1.7 billion significant […]

Read More

Credibur hits €2B in debt facility volume on its private credit infrastructure platform

The Berlin fintech, which raised $2.2M in pre-seed in July 2025, has connected clients managing €2 billion in structured debt portfolios to its continuous monitoring and reconciliation platform, faster than almost any comparable infrastructure startup. Credibur, the Berlin-based infrastructure fintech building operational control software for non-bank lenders and their capital providers, has reached €2 billion […]

Read More

The Multi-Hop Challenge: Understanding Indirect Blockchain Exposure in Compliance

Public blockchains operate as permissionless networks where anyone can send digital assets to any address at any time. This open architecture creates a fundamental technical challenge for compliance teams tracking the flow of funds. Digital assets rarely travel in straight lines. They often move through multiple intermediate wallets before reaching a final destination. This multi-hop […]

Read More

DORA is reshaping how Europe’s financial sector thinks about compliance, and most firms still aren’t ready

Fourteen months after the Digital Operational Resilience Act became enforceable, Europe’s financial institutions are running out of room to improvise. The regulation, which took effect on January 17, 2025, was supposed to mark the beginning of a new era in digital risk management across the EU. Instead, it has exposed just how far most firms […]

Read More

Steward raises $5M to automate AML compliance for the $100B investment management market

Compliance is the part of financial services that nobody likes to talk about, and nobody can afford to get wrong. For investment managers, the obligation to know your client, verify their business, and monitor them continuously has historically meant armies of analysts working through documents, running database checks, and filing reports that no one reads […]

Read More

Finperks raises $4M to become the API layer for prepaid payments in Europe

The Berlin startup, founded by the team behind viafintech, is building a single integration that lets banks, fintechs, and HR platforms offer gift cards, cashback, and tax-free employee benefits, without touching the underlying infrastructure themselves. The founders of viafintech, the prepaid payments company acquired by Paysafe in 2021, have returned with a new venture, and […]

Read More

British startup Outpost raises €15M to make international selling as simple as domestic commerce

Founded in 2024, Outpost acts as the legally liable entity for cross-border payments, tax, and compliance, so merchants don’t have to. Ribbit led the Series A. Selling across borders has always been technically possible and operationally punishing. The payments fail more often. The tax obligations multiply. The audit risk accumulates in ways that are expensive […]

Read More

Evervault raises €21M to keep payment data encrypted from end to end

The Dublin-and-New York-based startup, backed by Ribbit Capital, Sequoia, and Index Ventures, says it processes more than €4.2bn in transactions monthly and cuts customers’ PCI compliance costs by an average of €86,000. The premise behind Evervault is one of those ideas that sounds straightforward until you think about how most payment systems actually work. Card […]

Read More

Cleo launches new ‘AI money coach’ to help fix your spending habits

UK-based fintech Cleo, known for its AI-powered budgeting app, has launched its most advanced product to date. Dubbed Cleo 3.0, the new version introduces features such as voice interaction, long-term memory, and improved reasoning capabilities. Barney Hussey-Yeo, Cleo’s founder and chief executive, said Cleo 3.0 is less chatbot and more “conversational AI money coach.” Users […]

Read More