Latest FinTech & Blockchain News
UK FinTech Allica Bank Secures $155m Series D Funding
Allica Bank, a UK digital bank serving small and medium-sized businesses, raised $155m in Series D funding led by Ventura Capital with participation from GLG, Sona AM, TCV, and Blue Owl. The round valued the company at close to $1.2bn and included common equity alongside Tier 1 capital structures
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Basis Raises $100m Series B for AI Accountant Platform
Basis, an AI agent platform designed for accountants, closed a $100m Series B round at a $1.15bn valuation. The funding will be used to expand the company's AI-powered accounting solutions for professional services.
Gambit Security Emerges from Stealth with $61m Funding
Gambit Security, an AI-native enterprise resilience platform, raised $61m in seed and Series A funding in under 12 months from investors including Spark Capital and Kleiner Perkins. The platform autonomously maps organizational infrastructure and identifies data backup gaps to ensure business continuity
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Hypercore Closes $13.5m Series A for Loan Management Platform
Hypercore, a loan management platform for private credit funds, secured $13.5m in Series A funding led by Insight Partner. The investment will accelerate deployment of Hypercore's AI Admin Agent for end-to-end operational infrastructure in private credit
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Dots Raises $8.9m Series A for Global Payouts Platform
Dots, a global payouts platform for marketplaces and service-based businesses, secured $8.9m in Series A funding led by DCM with participation from Y Combinator. The platform provides infrastructure for sending money across multiple rails and geographies
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FinTech Sector Records 22 Deals Worth $544m in One Week
The FinTech sector raised just over $500m across 22 deals in a single week, demonstrating continued momentum in fintech investment. The deals spanned various segments including digital banking, AI platforms, and payment infrastructure.
Crypto.com Receives Conditional Approval for US National Trust Bank Charter
Crypto.com achieved a major regulatory milestone by receiving conditional approval for a US national trust bank charter. This approval represents significant progress for the cryptocurrency exchange in establishing regulated banking operations in the United States.
Block Cuts Workforce with Over 4,000 Job Cuts Announced
Block, the major US fintech company, announced a significant workforce reduction with more than 4,000 jobs to be cut. The restructuring reflects challenges in the broader fintech and payments sector.
Citi Sells Additional 24% Stake in Banamex for $2.5bn
Citigroup sold an additional 24% stake in its Mexican banking subsidiary Banamex for $2.5bn. The divestment continues Citi's strategic effort to reduce its presence in regional banking markets.
InComm Payments and SKUx Launch Blockchain Aid Payments Platform
InComm Payments and SKUx announced a blockchain-based aid payments platform designed to streamline digital payments for humanitarian aid. The platform leverages blockchain technology to improve efficiency and transparency in charitable giving and disaster relief operations.
Seven Blockchain Stocks Added to Market Watch with High Trading Volume
MarketBeat identified seven blockchain stocks with the highest dollar trading volume, including Figure Technology Solutions, Core Scientific, Globant, and Bitdeer Technologies Group. These companies span miners, fintech, infrastructure, and software sectors with varying exposure and risk levels
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