Wise Moves Primary Listing to US
Hey FinTech Fanatic!
Wise plc moved on Monday its primary listing to the United States.
The money transfer service is maintaining a public listing on the London Stock Exchange but has shifted its primary listing to the US to “accelerate” its path to become ‘the network for the world’s money'.
Wise, which from now on will report results in dollars, recently reported a 24% increase in underlying income to £435.3 million, exceeding analyst expectations, for the quarter ending on March 31st.
The message cannot be clearer. If you’re building a global FinTech platform at scale, the US capital markets are increasingly becoming the endgame.
Wise stated: “We believe that the addition of a primary US listing would bring a number of strategic and capital markets benefits to Wise and its owners.”
European FinTechs have been steadily gravitating toward the US, listing on American exchanges, reporting in dollars, and pitching to US investors, leaving London and European exchanges under growing pressure to remain competitive and retain homegrown champions.
Keep moving with the rest of today’s top FinTech headlines below. 👇 See you tomorrow!
Cheers,
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FINTECH NEWS
🇺🇸 Wise moves primary listing to the United States, while maintaining a secondary listing on the London Stock Exchange. The FinTech said the move will increase its visibility in the US market and support its ambition to expand its global money transfer network.
🇺🇸 FinTech startup Parker files for bankruptcy. Parker has reportedly shut down and filed for Chapter 7 bankruptcy protection. The startup, which had raised more than $200 million in funding and lending facilities, cited assets and liabilities between $50 million and $100 million in its bankruptcy filing.
🇺🇸 Augustus receives OCC conditional approval to establish Augustus Bank, N.A. as a full-service US national bank for the AI Era. Augustus Bank N.A. will be designed for global financial institutions that need instant, always-on, programmable clearing of major Western currencies.
PAYMENTS NEWS
🇸🇾 Syria returns to the global payments network via Mastercard after 15 years hiatus. This step enables point-of-sale transactions using internationally issued Mastercard cards, enhancing the readiness of Syria’s digital payments infrastructure and supporting efforts to modernize the financial and banking sector in line with the requirements of the global digital economy.
🇦🇪 iSwiss Pay eyes UAE expansion following US market entry, aiming to strengthen cross-border payment connections between Europe, the United States, and the Gulf region. The Swiss FinTech is focused on simplifying international transfers and multi-currency financial services as demand for faster global payment infrastructure continues to grow.
🇪🇬 Egypt's BNPL player Valu secures SME financing license. The move is aimed at addressing persistent funding gaps in Egypt’s SME sector, where limited access to formal credit continues to constrain growth, particularly for working capital and expansion needs.
🇧🇷 Boku launches fully regulated payments in Brazil after securing a payment institution licence and Central Bank clearance. The licence enables global merchants to access one of the world’s largest real-time payments markets. The company plans to expand its Pix capabilities with recurring payments and seamless checkout features to support next-generation digital commerce.
🇺🇸 Brazil’s Mastercard rival, Elo, taps Bank of America and other banks for US IPO. The plan signals that Brazil’s IPO market could be gaining some momentum after ending a five-year drought earlier this year. Public offerings had been on hiatus amid high interest rates that caused outflows from Brazilian stocks.
🇬🇧 Paymentology has unveiled a new brand identity centered around its “Unstoppable Starts Here” vision, highlighting its evolution into a global payments platform focused on long-term client growth. The company also introduced “Lume,” the new name for its platform.
DIGITAL BANKING NEWS
🇰🇷 Toss Bank gains treasury agent status to handle tax refund payments, allowing the internet bank to expand government treasury refund payment services. Treasury refund services enable customers to receive payments from government agencies, including national tax refunds, directly into their bank accounts.
BLOCKCHAIN/CRYPTO NEWS
🇦🇪 Crypto.com receives UAE Stored Value Facilities license. Having secured an SVF license, Crypto.com said that it can now activate its partnership with the Dubai Department of Finance, which will provide residents in the UAE with the ability to pay Government fees with virtual assets.
🇺🇸 Circle raises $222 million from BlackRock, Apollo, and others in Arc token presale valued at $3 billion. Arc is designed as an institutional blockchain platform that supports stablecoins, AI-powered financial applications, and broader digital economic infrastructure beyond payments.
🇺🇸 Circle has launched Circle Agent Stack, a suite of tools and services designed to help AI agents hold assets, discover services, and transact autonomously using USDC across blockchain networks. The platform includes Agent Wallets, a marketplace, and nanopayment capabilities, supporting the growing role of AI agents in the digital economy.
PARTNERSHIPS
🇦🇿 Innovation and Digital Development Agency and Mastercard partner to strengthen cybersecurity capabilities in Azerbaijan. The partnership delivers a structured regional cybersecurity program designed to support resilience, skills development, and cross‑institution cooperation across Azerbaijan and the wider CIS region.
🇬🇧 Butterfield and Mastercard partner with SailGP for Bermuda return. The collaboration will enhance the fan experience with exclusive discounts and on-site payment benefits during the race weekend in Bermuda. Read more
🇲🇾 Tencent Cloud powers Ryt Bank’s AI banking service. Leveraging Tencent Cloud Chat (IM) as its real-time communication foundation, Ryt Bank will deliver an advanced conversational banking experience to users in Malaysia, ensuring the secure and stable transmission of AI commands and transaction information.
🇦🇺 FIS selected to streamline reconciliations for the Commonwealth Bank of Australia. Delivered as Software as a Service (SaaS) via Microsoft Azure, upgrades to the solution will be managed by FIS to support faster delivery of new capabilities. The platform's high-performance architecture enables the processing of exceptionally large data volumes in minutes rather than hours.
🇺🇸 Corpay partners with BVNK to add stablecoin wallets for global customers. The integration will enable Corpay’s customers to see a stablecoin balance alongside their fiat balances, and provide customers with embedded stablecoin wallets for sending, receiving, storing, and converting stablecoins within its platform.
🇺🇸 Seattle Seahawks and PayPal announce PayPal as the team's Official Fan-to-Fan Payments & Exclusive Digital Ticket Payment Processing Partner. As part of this deal, PayPal will also become the new presenting partner of the Seahawks Gameday Experience Program, which gives fans access to exclusive opportunities.
DONEDEAL FUNDING NEWS
💰Over the last week, there were seven FinTech deals in Europe, totaling €107.8m in disclosed funding, including three transactions in Italy, two in the UK, one in France, and one in Sweden.
🇺🇸 DRW-Backed Digital Asset Raising Money at $2 Billion Valuation. Digital Asset's Canton Network is a public blockchain that allows users to keep some information private, a feature billed as making it well-suited for mainstream financial transactions.
🇺🇸 Ripple Prime secures $200 million debt facility from euberger Specialty Finance to expand capacity. The facility will support the continued growth of Ripple’s multi-asset prime brokerage platform, Ripple Prime, amid rising client demand for institutional-grade prime services and margin financing solutions.
M&A
🇺🇸 MoonPay acquires Dawn Labs and launches AI trading agent Dawn CLI. The move expands MoonPay’s push into AI-native financial infrastructure, combining autonomous trading, stablecoin payments, and programmable finance capabilities.
MOVERS AND SHAKERS
🇺🇸 Tabski appoints Visa Veteran Ninad Narkhede as Chief Platform Officer and expands the platform to build real-time financial infrastructure. In his new role, he will help build real-time financial infrastructure for hospitality and multi-vendor commerce environments. The move reflects Tabski’s strategy to modernize fragmented payment and operational systems.
🇨🇾 Kraken taps RegTech expert Andreas Roussos to lead Cyprus Unit. He comes instead from the world of regulatory technology. Before joining Kraken, he spent a decade at Point 9, a Limassol-based regtech firm serving banks, brokers, funds, and asset managers.
🇩🇰 Lunar co-founder Ken Villum Klausen is stepping down as CEO after more than a decade leading the Nordic digital bank. He will be succeeded by former Danske Bank and Saxo Bank executive Søren Kyhl as Lunar enters its next phase of growth across the Nordic market.
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