Latest FinTech & Blockchain News
Capital One to Acquire Brex for $5.15 Billion
Capital One Financial Corporation has agreed to acquire Brex, a corporate card and expense management fintech, in a $5.15 billion stock and cash deal. Brex’s AI-native platform for cards, expenses, and bill payments will integrate into Capital One’s ecosystem, led by founder Pedro Franceschi. This accelerates Capital One’s B2B payments expansion using Brex’s technology stack.
Flutterwave Partners with Turnkey and Nuvion for Stablecoin Balances
Flutterwave launched secure stablecoin balances in USDC and USDT for merchants via partnerships with Turnkey’s wallet infrastructure and Nuvion banking platform. It supports fiat like USD and NGN, targeting cost reduction and faster cross-border payments for African businesses. The rollout starts with select merchants before broader adoption.
Riyad Bank’s Jeel and Ripple Launch Blockchain Payments Sandbox
Riyad Bank’s innovation arm Jeel partnered with Ripple for a regulated sandbox to test blockchain for cross-border payments in Saudi Arabia. This mature approach treats blockchain as operational infrastructure, embedding compliance from day one. It positions blockchain providers excelling in regulated environments for advantage.
Datavault AI Partners with Sports Illustrated for NIL Tokenization Platform
Datavault AI announced a deal with Sports Illustrated for a quantum-secure platform tokenizing Name, Image, and Likeness (NIL) rights using blockchain. It leverages AI agents, smart contracts, and complies with U.S. stablecoin laws like the GENIUS Act. The NIL market is projected to hit $2.55 billion by 2026.
Payments Canada Admits Five New Fintech PSP Members
Payments Canada added Wise Payments Canada, Float, KOHO, Paramount Commerce, and Brim Financial as direct payment service providers. This grants access to core infrastructure clearing $411B daily, reducing intermediary reliance amid payments reforms.