$400M+ Fund Raise in a Day
Hey FinTech Fanatic!
Is it the SpaceX IPO hype? The World Cup buzz? Or just one of those days where the FinTech world decides to move all at once?
Whatever's in the water, the inbox is overflowing. Satispay is raising up to €120M in Italy, Canada's Koho just closed $130M in its push to become a full bank, and Current locked in an $80M Series E at a $1.5B valuation.
And it's not just about the fundraising. Visa is teaming up with OpenAI to wire up agentic commerce, Ramp is going all-in on applied AI, and Mollie is pushing into Slovakia.
Oh, and while we're talking about the giants moving money around. Ever wondered who actually owns Mastercard?
I went down the rabbit hole on the payment network's top shareholders. Scroll down to find out. 👇
Cheers,
#FINTECHREPORT
📊 Who Owns FinTech: Mastercard. Mastercard’s ownership reflects its position as critical global financial infrastructure. The top shareholders include Vanguard Group (9.04%), BlackRock (7.73%), and the Mastercard Foundation (7.38%), while the top 10 institutional investors collectively own just over 43% of the company. Read the full article here
FINTECH NEWS
🇺🇸 Cash App unveils new mobile service offering with the launch of a pilot of Cash App Mobile, a $40-per-month unlimited 5G plan running on AT&T’s network. Built for gig workers and underbanked consumers, the service combines mobile connectivity with Cash App’s financial ecosystem, allowing users to manage phone service, spending, and savings in a single platform.
PAYMENTS NEWS
🇸🇰 Mollie launches in Slovakia to power the next wave of European e-commerce growth. The move gives Slovak merchants access to a wide range of international and local payment methods through a single integration, helping them scale across Europe while simplifying payment operations and reconciliation.
🇧🇷 Pix gets high-renown brand status in Brazil. High-renown status is granted to brands that are widely known by the public and have built a reputation, prestige, and trust over time. The key effect of the recognition is that the brand is protected in all branches of economic activity.
🇺🇸 Ramp has launched Applied AI Solutions, a service that embeds Ramp engineers within finance teams to build custom AI-powered workflows. Ramp aims to automate complex finance functions such as planning, reporting, variance analysis, and financial close through production-ready AI agents.
🇬🇭 enza receives regulatory approval to deliver digital payments services in Ghana. The licence positions enza to support banks, FinTechs, and financial institutions with scalable payment solutions tailored to local market needs, with customer launches expected later this year.
🇲🇽 RedotPay secures Mexico virtual asset service provider registration, reinforcing compliance-first expansion. The approval enables the company to conduct virtual asset operations and credit card issuer activities within Mexico’s regulatory framework, supporting its plans to expand stablecoin-based payment services and launch a new credit card program in the country.
🇺🇸 Orbital unveils plans for US expansion as demand grows for stablecoin and cross-border payment infrastructure, with Miami, Florida, set to serve as its base of operations. This planned expansion is designed to meet rising demand for regulated, enterprise-grade payment infrastructure connecting the US with international markets.
🇺🇸 Coinbase has launched Coinbase for Agents, a platform that allows users to connect AI agents directly to their Coinbase accounts. The solution enables agents to perform financial tasks such as trading and payments within user-defined limits, combining financial reasoning with execution and advancing Coinbase’s vision of an agent-first financial ecosystem.
🇮🇳 Pine Labs launches AI-powered payments protocol for UPI transactions. The new payments infrastructure enables artificial intelligence (AI) agents to execute Unified Payments Interface (UPI) transactions without requiring real-time user authentication.
PODCAST RECOMMENDATION
🎤 Stablecoins without the volatility by DashDevs. In episode 140 of the FinTech Garden Podcast, host Igor Tomych speaks with Kebbie Sebastian, Founder and CEO of Merge, about how stablecoins are transforming cross-border payments, treasury infrastructure, and global money movement, along with the opportunities and challenges driving adoption. Watch the full podcast here
Stablecoins without the volatility by DashDevs
DIGITAL BANKING NEWS
🇬🇧 Plum launches AI-powered money guidance, delivering tailored plans in minutes to the general public. The AI-powered service offers a step-by-step plan to help users reach their goals faster and more easily, helping them choose the right amount to set aside in the appropriate tax wrapper and investment option.
PARTNERSHIPS
🇦🇺 Maple Finance brings institutional yield opportunities to Tempo's FinTech infrastructure. The integration gives Tempo's enterprise FinTech clients direct access to institutional-grade yield opportunities on stablecoins, embedded natively within the infrastructure stack where they are already building.
🇺🇸 Visa partners with OpenAI to power the next generation of AI commerce. Through the partnership, Visa will provide its global network, credentialing capabilities and security infrastructure to support agentic commerce experiences, helping consumers and businesses interact and transact with confidence.
🇿🇦 ACI Worldwide powers next-generation PSP expansion in Africa with Kwik Payments go-live. By implementing ACI Payments Orchestration Platform, Kwik Payments empowers merchants to seamlessly manage and optimize payments across online, mobile, and recurring channels, while intelligently routing transactions across multiple acquirers, payment methods, and geographies.
🇺🇸 Coinbase partners with MassPay to unlock cross-border stablecoin payouts for global enterprises. Eligible MassPay clients can now send USDC globally, prefund and manage treasury through Coinbase Prime custody, and unlock instant onchain settlement without the friction of traditional cross-border payments.
🌎 Ripple and Bitso expand partnership to advance enterprise stablecoin settlement in Latin America. Together with RLUSD, Ripple’s enterprise-grade USD stablecoin, MXNB will support more efficient liquidity and settlement flows for enterprise cross-border payments across the U.S.–Mexico corridor.
🇲🇽 Cobre and Toku accelerate fundraising. Toku will integrate Cobre's infrastructure to enable automatic collection and reconciliation 24 hours a day, seven days a week, allowing financial institutions, insurers, and telecommunications firms to move more than $200 million annually.
DONEDEAL FUNDING NEWS
🇮🇹 Satispay: capital increase of up to €120 million. The new funds will be added to the liquidity already available, further strengthening a capital structure that is considered robust and conducive to the platform’s technological development. Read more
🇨🇦 Koho raises $130 million, bolstering its case to become a bank. The proceeds from the new financing provide Koho with the initial capital base required to meet the regulatory conditions to operate as a federally regulated bank. Continue reading
🇺🇸 Current secures $80 million in Series E at a $1.5 billion valuation following a third consecutive year of 70%+ growth. The new capital will support continued investment in product innovation, AI-powered financial services, and the expansion of Current's banking, payments, liquidity, and credit offerings, helping more Americans access the tools they need to improve their financial lives.
🇺🇸 OneDosh bets on stablecoins with a $1M Funding boost for global payments infrastructure. With this latest funding, OneDosh plans to accelerate the development of its infrastructure as it bets on a future where money moves freely across borders through stablecoin-powered systems.
🇺🇸 Hypha, which emerges from Stealth, announces a $50M Seed Round. The funding will be used to expand Hypha’s engineering, go-to-market, design and marketing teams, accelerate product development and support the expansion of its R&D presence in Tel Aviv.
M&A
🇲🇽 Chilean insurtech Betterfly acquires Mexican FinTech Minu for US$100M to strengthen its financial wellness offering. The transaction strengthens Betterfly’s presence in Mexico and adds financial wellness capabilities to its existing focus on health, insurance, and employee benefits.
🇧🇷 Brazilian FinTech Asaas acquires Helena CRM for US$29 million to integrate AI into WhatsApp sales. The acquisition expands Asaas beyond payments into AI-powered sales automation, enabling small businesses to manage customer engagement, lead generation, sales funnels, and invoicing directly through WhatsApp.
🇺🇸 Figure to acquire Kiavi for $717m to bolster tokenised capital market platform. Figure notes that the Kiavi acquisition will strengthen its position in the first-lien market by up to 40% for the full year of 2027, as well as support the firm as it looks to hit 60% medium-term EBITDA targets.
🇺🇸 Adyen to acquire Orb to unify billing and payments infrastructure for enterprise merchants. Orb, which helps businesses manage usage-based pricing and billing, will operate as a wholly owned subsidiary under Adyen’s incubator model, strengthening the company’s capabilities in subscription, consumption-based, and AI-era revenue infrastructure.
MOVERS AND SHAKERS
🇺🇸 Synctera has appointed Chris Mayor as the new CTO to help lead its next phase of growth. The move supports Synctera’s plans to scale its platform, strengthen enterprise-grade infrastructure, and accelerate the integration of AI across its bank-FinTech ecosystem.
🇮🇹 Scalable Capital announces three new additions to its Italian operations ahead of the branch launch. Scalable Capital has appointed Giuseppe Liccardo as Senior AML & Compliance Manager, Jolka Jonuzi as Senior Manager, Finance and Regulatory Reporting, and Benedetta Fiorini as Legal Counsel. Keep reading
🌍 Embat has appointed Álvaro Dexeus as Head of Global Banking, strengthening its push to become a leading treasury operating system in Europe. Formerly Southern Europe GM at Pleo, Dexeus joins as Embat accelerates the rollout of its Global Banking solution following a €30 million Series B funding round.
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