With a $550M raise, the crypto as a service platform quadrupled its valuation to $8B as large companies increasingly seek out opportunities in digital currencies.
Both card networks reported strong volume growth and outlined ambitions for cryptos and B2B payments.
he UK-based neobank’s remittances feature isn’t unique but could still help it build name recognition in Mexico ahead of a direct launch.
Diem could still succeed under bank ownership: Under Silvergate, a bank that offers crypto-related services, the ex-Meta stablecoin will have a better chance to stay clear of regulatory clouds.
Needham’s cannabis division buy could prove prescient: The Massachusetts regional bank’s pending acquisition of Eastern Bank’s specialty division sets it up for prominence within an often-shunned sector.
Veriff’s $100M round follows several other similar players’ mega-rounds. But digital ID regtechs will find differentiation increasingly hard.
The offering could pose a threat to mPOS hardware providers but helps Apple grab more in-store volume and bolsters its payments business.
In its recent updates, ranging from a patent milestone to a hiring push, TD signals to would-be employees that they’ll get a chance to do innovative work for it.
CFPB eyes ‘junk fees’ from banks: The regulator issued a public-comment request for a slew of fees it says people only encounter after initially selecting products and services. The scrutiny may accelerate the trend away from them.
TrueLayer’s European moves point to rising competition: The UK-based open-banking provider said it’s expanding into five new markets in Europe.