Fintech Product News & Views: Stream

June 12

• American Banker (paywall): A look at PNC Bank‘s decision to build AI models and even data centers in-house.
• FinSMEs: Current, a NYC-based PFM, raised $80M in Series E at a $1.5 Billion valuation, down from its $2.2 billion valuation in April 2021.
• Fintech News Singapore | Adyen is purchasing San Francisco-based enterprise billing platform Orb for $335 million to connect billing data, pricing, invoicing, and payment performance for enterprise merchants.
• FF News | Barclays will acquire GoHenry from Acorns, adding a youth money-management and debit-card platform for children and teens.

June 11

• BetaKit: Canadian challenger bank Koho raised a $93M Series E at a $950M valuation as it tops 2.5 million customers.
• FinTech Futures | Montreal digital mortgage lender Nesto raised CAD $216 million at a $1.05 billion valuation.
• FinTech Futures | Blockchain capital markets platform Figure will acquire Kiavi for $717 million, adding a real-estate lending platform that has financed more than $30 billion in loans and is expected to add $7 billion in annual volume.
• The Paypers | Chase expanded its small business Customer Insights combining Dun & Bradstreet credit-score monitoring with anonymized customer analytics.
• FinTech Futures | Capsa AI raised an $18 million Series A for AI tools used by private-capital firms for sourcing, due diligence, portfolio monitoring, and back-office operations.
• Associated Press: Bank-owned Zelle will expand its P2P payment service internationally this year, started in India and will create its own USD-backed stablecoin.
• Bloomberg Law: Digital Asset, public blockchain creator used by Wall St firms, raised $355M, including $100M from a16z crypto
• The Paypers | Blnk raised $37 million in equity and debt to expand point-of-sale consumer finance in Egypt, using AI/ML underwriting to approve installment financing at merchant checkout in three minutes.
• Bloomberg (paywall) | Poetic, an AI compliance and underwriting automation startup backed by OpenAI, emerged from stealth with $50M at a $500M valuation.
• Bloomberg (paywall) | Digital Asset, builder of the Canton Network blockchain used by Goldman Sachs and JPMorgan, raised $355M including $100M from a16z Crypto.

June 10

• CoinDesk 🔥 | Japan’s three largest banks, MUFG, SMBC, and Mizuho, are forming a joint council to co-issue a yen stablecoin by March 2027, the first coordinated major-bank stablecoin effort outside the US.
• FF News | Record OS, founded by former Wise employees, raised $2 million in pre-seed funding led by Episode 1 to build software around UK tax, self-assessment, and Making Tax Digital workflows.
• FF News | Titan raised $3 million led by Entropy Ventures to scale its banking-native AI platform.
• CNBC: Edge Markets, which provides banking tools for gambling and prediction markets, including real-time payments on Kalshi, raised a $29.2M Series A led by CoinFund

June 9

• Banking Dive | SoFi is rolling out Coach, an AI-powered chat-based financial guide for Plus members that uses customer data to provide advice.
• Banking Dive | BNPL specialist Klarna is launching a U.S. high-yield savings account through WebBank.
• Reuters | Nuvei is in advanced talks to acquire cross-border payments firm Payoneer for $2.7B. PAYO surged 24% on the news.
• Fortune: Morpho, a decentralized lending protocol, raised $175M led in a token sale valuing Morpho at up to $2B.
•  Axios (paywall):  Vinyl Equity, an SEC-registered transfer agent, raised a $20M Series A.
• Fintech News Singapore | Tazapay is using its $36 million in new captial to build agentic payments and cross-border stablecoin rails.
• The Paypers | Lloyds and Stripe launched a small-business payment suite that includes tap to pay, payment links, and in-person terminals.
• The Paypers | Monzo launched a deposit-backed credit-card pilot with Fair4All Finance for UK adults with poor credit scores, offering normally ineligible applicants a card to help them build repayment history.

June 8

• American Banker (paywall) | Stablecoins reduce intermediaries in cross-border payments but don’t eliminate them, they just shift who those intermediaries are, complicating the “rails replacement” narrative.

• Experian | Experian launched a personal-loan shopping app inside ChatGPT.
• Bloomberg (paywall) | AI is reshaping wealth management by automating routine tasks, but a deeper reckoning looms for the industry.
• Bloomberg (paywall) | SoftBank‘s PayPay is acquiring T&D Financial Life Insurance for $840M, extending Japan’s dominant payments app into insurance.

June 6

• Finovate | Gradient Labs raised $26M to build AI agents purpose-built for fintech — focused on compliance, onboarding, and customer ops workflows.

June 5

June 4

• WSJ (paywall) | Forage raised a $40M Series B led by Mouro Capital at a $225M valuation, making EBT/SNAP card acceptance easier for retailers and delivery platforms.
• CoinDesk  | Mastercard will offer on-chain settlement across six regulated stablecoins including USDC, PYUSD, SoFiUSD, and RLUSD, accelerating its push to become the stablecoin settlement layer.
• Economic Times | WeRize, an Indian fintech that distributes financial services through local advisors in smaller cities, raised $7 million led by Sony Innovation Fund.

• Bloomberg (paywall) | Ramp raised $750M at a $44B valuation led by Iconiq, GIC, and OTPP, bringing total funding to $3B.

• Fortune:  Honeycomb, an AI-powered insurance platform for multi-family residential, raised $40M bringing its total funding to $95M.

• Bloomberg (paywall) | OnePay, Walmart‘s fintech app valued at $4B, hit 6M MAUs and $50B in annualized payments, both doubling year-over-year.

• FinTech Global | Cense raised €6.5 million in seed funding for its digital-asset compliance and evidence platform for financial institutions.

• FinTech Global | Paypercut raised €5 million in seed funding to expand cross-border payments for merchants in Central and Eastern Europe.

June 3

• The Paypers | ING Germany expanded Wero to online retail payments, adding ecommerce acceptance to its existing person-to-person payment capability.
• Axios (paywall) | Fonoa raised $110M Series C and acquired PwC‘s Indirect Tax Edge platform, building an AI-native global tax compliance operating system.
• WSJ Pro VC (paywall)| Forage raised $40 million Series B at a $225 million valuation to expand SNAP/EBT payment infrastructure which already supports 100,000 stores.
• PYMNTS | SoFi launched SoFi Coach, an AI-powered financial-planning chat tool for SoFi Plus members.
• FinTech Global | Gradient Labs raised $26 million to build specialist autonomous AI agents for banks.

June 2

• American Banker (paywall) | Global fintech revenues hit $500 billion in 2025, up  22% from last year and double the $250 billion just four years earlier (2021).

• CoinDesk | MoneyGram launched MGUSD on Stellar, issued by Stripe‘s Bridge, powering stablecoin payments across its global remittance network.
• Fintech Blueprint: A look at how Corgi hit a $2.6 billion valuation on $40 million of premiums.

• Fintech News Singapore | Apple is preparing an iPhone bill-splitting feature that would let users scan receipts, assign items to people, and send payment requests through Apple Cash.

June 1

• FinTech Futures | German fintech Riverty, owned by media conglomerate Bertelsmann, will launch Riverty Bank in July 2026, expanding from BNPL into full-service digital banking.
• Business Wire | REPAY completed its $372 million acquisition of KUBRA, expanding its consumer bill-payment business; now processing more than $130 billion per year.
• Business Wire | London-based payments and stablecoin startup OpenPayd plans to go public via a SPAC offering at a $1.1 billion valuation.
• FinTech Futures | TrueLayer acquired Dutch BNPL checkout fintech in3 to add deferred-payment credit to its Pay-by-Bank network.

May 30

• American Banker (paywall) | Robinhood launched agentic trading and AI credit card, letting AI agents trade equities and make purchases on users’ behalf.

• Financial Times (paywall) | Yorkshire Building Society and Leeds Building Society are weighing bids for Atom Bank, which is seeking a £600+ million valuation.

May 29

• CoinDesk | SEC approved Paxos as the first blockchain-native clearing agency in the United States, enabling same-day equity settlement and directly challenging DTCC.
• Reuters | Laser Digital, backed by Nomura, received conditional OCC approval for a U.S. national trust bank charter focused on tokenized assets, digital assets, cross-border payments, stablecoin transactions, and collateral management.

May 28

• Axios:  Airwallex raised new funding at a $12B valuation, up from $8B late last year, and hit $1.5B in ARR, up from $1B in October.
• TechCrunch:  Corgi, which uses AI to provide insurance for startups, raised $106M at a $2.6B valuation, up from $1.3B on May 6; total funding = $378M
• CoinDesk | FalconX, the institutional crypto prime broker last valued at $8B, confidentially filed an S-1 with the SEC and hired Cantor to advise on an IPO.
• American Banker (paywall) | Mastercard secured a NY BitLicense, one of fewer than 50 ever issued, clearing the path for stablecoin settlement and tokenized deposit products.
• American Banker (paywall) | The fintech-as-disruptor narrative is fading as more established fintechs pursue bank charters and respectability; OCC charter applications up 40% in 2025.
• CoinDesk | Samsung Securities and affiliates agreed to buy a $408M stake in Dunamu, operator of South Korea’s largest crypto exchange Upbit.
• Axios (paywall):  Saris, which builds AI agents to automate back-office work for financial institutions, raised a $28.8M Series A.
• CNBC | Robinhood launched Trump Accounts serving as brokerage and clearing partner for the government program that provides eligible newborns a $1,000 Treasury-funded investment account.

May 27

• FinTech Global|AI-native identity and fraud platform Didit closed a $7.5M seed round — part of a broader surge in identity infrastructure investment as fraud threats escalate.
• Forbes | NYC-based insurtech Pace, whose AI agents automate back-office operations for insurance companies, raised $46M at a $375M valuation
• WSJ | Robinhood now allows AI agents, linked to human customers,  to run dedicated investment accounts for trading stocks
• American Banker (paywall) | Community Federal Savings Bank, sponsor bank for Wise and Crypto.com programs, is ordered to fix AML controls tied to its payment-processing/fintech-partner business.

May 26

May 23

• The Financial Revolution | AI agents are beginning to force a redesign of payment rails as companies prepare for autonomous machine-to-machine commerce and programmable payments.
• FinTech Global | Equipifi raised $34M to scale its bank-led BNPL network — one of three deals dominating an otherwise modest $757M week in fintech funding.

May 22

• Reuters | The European Central Bank rejected proposals to aggressively expand euro stablecoins, citing financial-stability and monetary-policy concerns.
• FintechBloom | Investors and analysts increasingly describe stablecoins as core financial infrastructure rather than speculative crypto assets.
• 9to5Google  | Google redesigns Google Wallet with quick access for favorites, a View more button and more.
• Jones Day |Analysis of the EO’s key provisions: regulators must review fintech-bank partnership rules within 90 days, the definition of “fintech firm” explicitly covers blockchain and digital asset services, and the Fed gets a separate 120-day clock.

May 21

• Axios | The Federal Reserve is debating whether fintech and crypto firms should receive limited direct access to Fed payment systems. (Paywall)
• FinTech Futures  |  N26 appointed a new COO amid broader operational restructuring and leadership changes.
• FinTech Futures  | Fintech infrastructure startup Moment raised a $78M Series C round as infrastructure funding remains active.
• Reuters | JPMorgan is rolling out AI tools globally across investment banking operations, accelerating Wall Street’s shift toward workflow automation.
• Fintech Pulse | PayPal is moving stablecoin functionality toward a core account feature rather than a crypto product, consistent with PYUSD supply growing 600% to $3.6B in 2025 and the company’s broader bet on programmable money for global commerce.

May 20

• Reuters | Mercury raised $200M at a $5.2B valuation while positioning itself as the banking platform for AI-native startups. (Paywall).
• Reuters | A euro stablecoin consortium added 25 banks, accelerating competition with dollar-backed stablecoins.
• Fintech Wrap Up | New fintech research highlighted convergence between payments, treasury, lending, and settlement into unified programmable infrastructure layers.
• Finextra | Analysts argued AI is moving from experimental pilots into core banking and fintech operating systems.
• CNBC | Mercury CEO Immad Akhund explained the charter logic: “At the scale Mercury is at, it just makes sense to be directly regulated.” The charter lets it join Zelle, expand lending, and reduce reliance on partner banks Column and Choice Financial.
• Axios Pro | Farther Finance raised $150M in a General Atlantic-led Series D for its AI-enabled wealth management platform for financial advisors

May 19

• FinTech Futures | Lloyds deployed an internal AI “board bot” while ANZ expanded executive AI leadership roles, highlighting operational AI adoption across banking.
• Business Insider | Investors remain hesitant to let AI chatbots directly manage their money despite growing acceptance of AI-driven financial advice tools.
• White House | Trump signed two executive orders: one directing six federal regulators to reduce barriers for fintech and crypto firms within 90–180 days, and another updating Bank Secrecy Act customer-identification requirements.
• American Banker | A wave of fintechs, Mission Lane, Agora Finance, Augustus Bank, are filing for national bank and trust charters in a “now-or-never moment” of OCC receptivity under the current administration.
• Banking Dive | Chime CEO Chris Britt said the neobank regularly reevaluates its charter timing as regulators face an influx of applications — the largest US digital bank is watching the Mercury playbook closely.
• CoinDesk | Trump’s EO gives the Fed 120 days to review master account access for crypto firms — a live issue since Custodia was denied in 2023, while Kraken won a limited “skinny” account in March, with Ripple, Anchorage, and Wise pending.
• FinTech Futures | Crypto-payments infrastructure company Zerohash secured an EMI license in the Netherlands.