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Revolut Moves Into Employer of Record, Setting Up a Direct Challenge to Deel

Revolut Moves Into Employer of Record, Setting Up a Direct Challenge to Deel

Hey FinTech Fanatic! Revolut is getting close to launching GlobalHire, its Employer of Record service, with a standalone app expected to go live soon. GlobalHire will allow companies to hire talent in 160 countries without setting up local entities. Revolut acts as the legal employer, handling payroll, benefits, tax, and

Alpaca Hits $1.15B Valuation as It Raises $150M to Scale Brokerage Infrastructure

Alpaca Hits $1.15B Valuation as It Raises $150M to Scale Brokerage Infrastructure

Hey FinTech Fanatic! Alpaca just raised a $150M Series D at a $1.15B valuation, doubling down on its ambition to become the global standard for brokerage infrastructure. The round was led by Drive Capital. The company powers trading and investing APIs for partners like Kraken, SBI Securities, and Dime!

Klearly Raises $14M Series A Led by PayPal Ventures to Scale Restaurant Payments

Klearly Raises $14M Series A Led by PayPal Ventures to Scale Restaurant Payments

Hey FinTech Fanatic! Klearly just raised a $14M Series A led by PayPal Ventures, as it expands its payments platform for restaurants, bars, and clubs across Europe. The company is nearing $1B in annualized payment volume, with growth running in the hundreds of percent since launch. Total funding now stands

Klarna Backs Trump’s 10% Credit Card Rate Cap and Takes Aim at US Banks

Klarna Backs Trump’s 10% Credit Card Rate Cap and Takes Aim at US Banks

Hey FinTech Fanatic! Klarna CEO Sebastian Siemiatkowski publicly backed President Trump’s proposal to cap US credit card interest rates at 10%. A direct challenge to how the US credit card machine really works. His argument is blunt. Wealthier consumers enjoy rewards and perks, while lower-income households fund them

Rain Jumps to a $1.95B Valuation after Closing a $250M Series C

Rain Jumps to a $1.95B Valuation after Closing a $250M Series C

Hey FinTech Fanatic! Rain just closed a $250M Series C, pushing its valuation to $1.95B. That’s a 17x jump in just 10 months. Total funding now sits above $338M. And the operating metrics are catching up fast. More than $3B in annualized transaction volume and over 200 enterprise

Apple Taps JPMorgan to Replace Goldman Sachs on Apple Card... as Mastercard Remains

Apple Taps JPMorgan to Replace Goldman Sachs on Apple Card... as Mastercard Remains

Hey FinTech Fanatic! Apple has found a new banking partner for Apple Card. JPMorgan Chase will become the new issuer. The transition is expected to take around 24 months. A long runway for one of the most closely watched partnerships in consumer finance. Mastercard remains the card network. Goldman Sachs

Papaya Global Explores Sale at Up to $𝟰.𝟱 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 Valuation

Papaya Global Explores Sale at Up to $𝟰.𝟱 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 Valuation

Hey FinTech Fanatic! Papaya Global is reportedly in advanced discussions around a potential sale, with valuations ranging between $3.5B and $4.5B. Talks are said to involve private equity firms and enterprise software giants like SAP and Oracle. The bigger driver here is B2B. Revenue came in just over