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Mastercard Embraces Stablecoins, Invests in Corpay, and Introduces Agent Pay

Mastercard Embraces Stablecoins, Invests in Corpay, and Introduces Agent Pay

Hey FinTech Fanatic! In less than 24 hours, Mastercard unveiled three major moves signaling its bets on cross-border payments, stablecoins, and AI-driven commerce. First, Mastercard deepened its alliance with Corpay, making Corpay the exclusive provider of cross-border commercial payment services for its financial institution partners. Mastercard will also invest $300

Thunes Raises $150M to Expand U.S. Network

Thunes Raises $150M to Expand U.S. Network

Hey FinTech Fanatic! Thunes has secured $150 million in its Series D round, the largest in the company’s history, surprassing previous valuations. The funding round was led by Apis Partners and Vitruvian Partners. Now profitable and maintaining steady growth, Thunes is poised to use this capital to accelerate its

Flex Acquires A16z-Backed Maza for $40M

Flex Acquires A16z-Backed Maza for $40M

Hey FinTech Fanatic! Flex, a FinTech startup helping business owners manage both personal and corporate finances, has acquired a16z-backed Maza for $40 million. The deal comes less than two months after Flex raised $25 million in equity and secured a $200 million credit facility, which brought its valuation to $250

Crypto Surge Drives Revolut to Record £1Bn Profit

Crypto Surge Drives Revolut to Record £1Bn Profit

Hey FinTech Fanatic! In a year marked by changing consumer habits and a revived interest in digital assets, Revolut posted pre-tax profits exceeding £1 billion for 2024, more than twice its result from the year before. Revenues climbed to £3.1 billion as the company onboarded 15 million new customers,

Feedzai Acquires Demyst in $100M RiskOps Expansion

Feedzai Acquires Demyst in $100M RiskOps Expansion

Hey FinTech Fanatic! A new chapter is unfolding in the world of fraud prevention. Feedzai, a unicorn company known for safeguarding billions in financial transactions, has confirmed the acquisition of Australian data orchestration firm Demyst for $100 million, according to sources close to the deal. The agreement includes Demyst’s

Crypto Exchange Bithumb Restructures Ahead of Potential IPO

Crypto Exchange Bithumb Restructures Ahead of Potential IPO

Hey FinTech Fanatic! Bithumb, South Korea’s second-largest exchange, is quietly setting the groundwork that could redefine its trajectory. On July 31, it will carve out its non-exchange operations into a separate entity, temporarily named “Bithumb A.” The structure may seem complex, but the purpose is straightforward: to shield its

Fiserv Picks Kansas for New FinTech Hub, Bringing 2,000 Jobs to Overland Park

Fiserv Picks Kansas for New FinTech Hub, Bringing 2,000 Jobs to Overland Park

Hey FinTech Fanatic! Fiserv is betting big on Kansas. The global FinTech and payments giant is launching a major new strategic hub in Overland Park, expected to create around 2,000 jobs and inject fresh energy into the state’s growing tech economy. Set on the expansive 427,000-square-foot Aspiria