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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

PicPay Reignites US IPO Push After Doubling Revenue

PicPay Reignites US IPO Push After Doubling Revenue

Hey FinTech Fanatic! PicPay disclosed a sharp jump in revenue and profit in new US IPO filings, as the Brazilian FinTech renews its push to list shares in New York. For the nine months ending September 30, PicPay reported profit of R$313.8M, up from R$172M a year

Flutterwave Acquires Mono to Deepen Open Banking Across Africa

Flutterwave Acquires Mono to Deepen Open Banking Across Africa

Hey FinTech Fanatic! Flutterwave has acquired Mono, strengthening its payments infrastructure and making open banking a core pillar of its long-term strategy across Africa. The move points to a broader shift... Africa’s next payments phase looks less card-led and more bank-based, authenticated, and data-driven. Open banking becomes the connective

Mercury Applies for US Bank Charter as FinTech Moves Closer to Becoming a Bank

Mercury Applies for US Bank Charter as FinTech Moves Closer to Becoming a Bank

Hey FinTech Fanatics! Mercury has applied for a US national bank charter with the OCC and for federal deposit insurance with the FDIC. A major step for a FinTech that already serves a large share of the startup ecosystem. The move would transition Mercury from operating solely through partner banks

Imprint Hits $1.2B Unicorn Valuation After Khosla-Led $150M Round

Imprint Hits $1.2B Unicorn Valuation After Khosla-Led $150M Round

Hey FinTech Fanatic! Imprint Payments just reached a $1.2B valuation in a new funding round led by Khosla Ventures. The deal brings in $150M, only months after its previous raise. Imprint helps brands launch co-branded credit cards without relying on big banks. What stands out is how the company