fintech
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ForbesRobinhood Lets Users Deploy AI Agents for Stock Trades and Card Purchases
Robinhood announced Wednesday that customers can now create separate accounts where external AI agents execute stock trades and make purchases on a virtual credit card. The brokerage says the tools give users control through spending limits, notifications, and instant disconnect…
ForbesRobinhood Opens Platform to User-Built AI Agents for Stock Trading
Robinhood announced Wednesday that users can now create separate accounts for AI agents to trade stocks and make payments on a virtual credit card. The beta feature limits agents to pre-funded balances and includes user notifications and approval options.
CoinDeskSoFi Opens Crypto Stablecoin Access to 15 Million Users
SoFi has begun allowing its 15 million customers to use the bank's own stablecoin. The rollout marks the first time a major U.S. bank has offered direct stablecoin access through its platform.
pymnts.comRevolut Offers Dogecoin-Themed Debit Card in UK and EU
Revolut introduced a physical debit card featuring Dogecoin branding for Visa and Mastercard payments. The card is available first in the UK and most of the EU and carries no extra fees for crypto spending.
manilatimes.netForex Expo Dubai Scheduled for September at World Trade Centre
The annual forex, fintech and online trading technology expo will take place on 22-23 September 2026 at the World Trade Centre in Dubai. The 2025 edition drew more than 20,000 attendees, 250 exhibitors and 150 speakers.
wallethacks.comE-Estate Launches Platform for Tokenized Real Estate Ownership
E-Estate, founded in November 2024 and launched as a platform in June 2025, connects digital tokens to income-generating real estate assets. The company has expanded its corporate presence from Panama into Canada and the United States. Usa Today reported the platform aims to lowe…
crowdfundinsider.comRevolut Introduces £1000 Incentive for Staff to Acquire New Business
Revolut CEO Nik Storonsky is offering employees across the digital bank £1000 ($1,334) as the company sets winning more new business as its highest priority. The incentive aims to boost the digital lender’s growth, valuation and revenue. @business reported the move.
BloombergErebor Bank, Backed by Peter Thiel, Proposes Restoring Venezuelan Banks' Access to U.S. Financial System
Erebor Bank, a startup backed by Peter Thiel, has approached top Venezuelan officials with a proposal to restore the sanctioned country's access to the U.S. financial system. The pitch marks an attempt by a fintech venture to navigate long-standing sanctions on Venezuela.
ForbesHana Bank to Buy $670 Million Controlling Stake in Dunamu, Kakao to Partially Exit
South Korean bank Hana Bank is buying a 6.55% stake in Dunamu, operator of the country's largest crypto exchange Upbit, from Kakao Investment. The deal, valued at 1 trillion won, is scheduled to close in June 2026 alongside Dunamu's merger with Naver's payment arm. Kakao cited th…
riotimesonline.comNubank Profit Misses Estimates on Higher Credit Provisions
Nubank reported first-quarter profit that fell short of analysts’ estimates. The company said it had to set aside more money for potential loan losses due to expansion of its credit portfolio. The Brazilian digital bank continues to grow its customer base and lending business.
finance.yahoo.comHamilton AI Appoints Matthew Schwegler as Head of Product, Launches Three Aviation Workflow Tools
Hamilton AI announced the appointment of Matthew Schwegler as Head of Product on May 14, 2026, from New York. Schwegler led the rollout of three new products in one quarter covering financial tooling, flight dispatch coordination, and broker marketplace connectivity. The move fol…
betakit.comIan Crosby Raises $10M for AI Bookkeeping Startup Synthetic After Bench Accounting Collapse
Ian Crosby, who was fired by Bench’s board in 2021 and whose startup Bench Accounting shut down in 2024 before being bought for scraps, has founded Synthetic to build a fully autonomous AI bookkeeper. Khosla Ventures led the $10 million Seed round with participation from Basis Se…
pymnts.comFasset Raises $51 Million in Series B Funding
The Shariah-compliant digital bank, headquartered in Los Angeles, secured funding from Japan’s SBI Group, Investcorp and Arz Portföy. Fasset processes more than $32 billion in annualized volume across 125 countries and serves over 1,000 small and medium-sized businesses. The comp…
TechcrunchA* Capital Closes $450M Fund III for Early-Stage Investments
The early-stage venture firm announced the close of its third fund on May 12, 2026. A* Capital plans to invest in at least 30 companies with average checks between $3 million and $5 million. The firm, founded in 2020, has previously backed fintech company Ramp and AI firm Mercor.
crowdfundinsider.comPlaid Reaches $8B Valuation in Secondary Share Sale, Adds AI Features
Plaid hit an $8 billion valuation in February 2026 through a secondary share sale that let long-standing employees cash out equity. The fintech company, which surpassed $500 million in ARR in Q4 2025, reported strong 2025 growth with nearly 40% revenue increase and 1,800 new ente…
news.google.comPlaid Reaches $8 Billion Valuation via Secondary Share Sale
Fintech infrastructure provider Plaid hit an $8 billion valuation in February 2026 through a secondary share sale. CFO Seun Sodipo detailed strong 2025 results including $500 million in ARR and nearly 40% revenue growth. More than 400 AI companies now build on Plaid's platform.
BenzingaWise Moves Primary Listing from London Stock Exchange to Nasdaq
Wise CEO Kristo Käärmann discussed the company's move to Nasdaq in a CNBC interview that aired four hours before publication on May 11, 2026. The decision comes as Hims & Hers Health shares rose ahead of its first-quarter 2026 earnings report, with the broader market showing mode…
marketwatch.comVenmo Tests App Redesign With Default Private Posts for New Users
Venmo has begun testing a redesign of its mobile app that changes the default privacy setting for new users so their payment posts are visible only to friends instead of the public. The company said the update gives users more visibility and control over shared information during…
manilatimes.netAtlas Raises $40 Million at $420 Million Valuation After Rebranding From Debit Card Startup Point
Four years after nearly collapsing when its bank partner Column ended their relationship, Patrick Mrozowski's rebranded fintech Atlas has secured a $40 million Series C led by Elad Gil and Verified Capital. The invite-only $999-a-year steel charge card now serves 2,000 customers…
app.buzzsumo.comFintech Startup Parker Files for Chapter 7 Bankruptcy
Parker, which offered corporate credit cards and banking services to e-commerce businesses, filed for Chapter 7 bankruptcy protection on May 7. The company, a Y Combinator winter 2019 participant that raised more than $200 million, is reported to have shut down operations. Its fi…
CoinDeskTrust Wallet and Mesh Unveil AI Agent Crypto Tools at Consensus Miami
Executives from Trust Wallet and Mesh detailed new products to integrate crypto wallets with AI agents at the Consensus conference in Miami Beach on May 9, 2026. Trust Wallet introduced an agent kit and is implementing EIP-8004 for on-chain identity. Mesh unveiled Smart Funding t…
CnbcAffirm Raises Full-Year Guidance After 35% GMV Increase
Affirm CEO Max Levchin said U.S. consumers remain resilient despite a record low in the University of Michigan's May consumer sentiment survey. The buy now, pay later provider reported better-than-expected quarterly results with revenue up 33% and cited strong spending in travel,…
fintechnews.chInFlow Launches AI Agent Payment Infrastructure Using Visa Network
San Francisco-based InFlow announced the launch this week of infrastructure enabling AI agents to handle payments with built-in policy controls. The platform, built on Visa Intelligent Commerce, addresses a key gap in agentic commerce by combining secure credentials with governan…
newsbtc.comVisa and Inflow Launch Payment System for AI Agents
Inflow has introduced agent-native commerce infrastructure using Visa Intelligent Commerce. The system provides AI agents with secure payment credentials and a policy engine to govern transactions. Visa reported that 71% of businesses are willing to optimize for AI agents as buye…
Financial TimesSouth Korean Fintech Company Seeks to Replace Physical Credit Cards with Facial Payments
A South Korean fintech company has announced plans to eliminate physical credit cards within three years by expanding facial recognition payment technology. The company aims to make face-based payments the primary method across the country. South Koreans have increasingly adopted…
finance.yahoo.comRamp in Talks to Raise $750 Million at Over $40 Billion Valuation
The corporate spend management startup is negotiating a major new funding round six months after closing a $300 million round at a $32 billion post-money valuation. Ramp reached $1 billion in revenue by November after doubling its income in a year. The latest talks come amid repe…
TechcrunchRamp Seeks $750 Million Funding Round at $40 Billion Valuation
Corporate card and expense management startup Ramp is in talks to raise $750 million from investors betting on its rapid AI-driven growth. The funding round would value the company above $40 billion. @WSJ reported the details of the fundraising effort.
TechCrunchKalshi Reaches $22 Billion Valuation After Raising $1 Billion
Prediction market platform Kalshi announced a $1 billion Series F funding round on May 7, 2026, doubling its valuation from five months earlier. The round was led by Coatue with participation from Sequoia, Andreessen Horowitz and Paradigm. Kalshi reported annualized revenue excee…
Kalshi Raises $1 Billion at $22 Billion Valuation
Prediction market platform Kalshi confirmed a weeks-old report that it raised $1 billion in an investment round led by Coatue. The new funding values the company at $22 billion, double its valuation from December. The announcement underscores continued investor appetite for predi…
Maha Capital Completes Merger and Updates Capital Structure
Maha Capital AB completed a merger that alters its capital structure and shifts its strategic focus toward fintech and a Venezuelan asset. The company outlined the changes during a discussion on May 6, 2026. The update includes details on the new ownership framework and business…
CnbcRemitly Reports Q1 Results, Forecasts Q2 Revenue of $483-485 Million
New CEO Sebastian Gunningham outlined Remitly's expansion beyond its core remittance business in a CNBC interview published May 6, 2026. The company forecast Q2 adjusted EBITDA margin of 22.4 percent, well above analysts' 19 percent expectation. Gunningham highlighted opportuniti…
CoinDeskOpenTrade Raises $17 Million for Stablecoin and Real-World Asset Platform
London-based OpenTrade announced a $17 million funding round led by Mercury Fund and Notion Capital. The company, which has received prior backing from a16z Crypto, said the capital will support infrastructure expansion and team growth. OpenTrade reported $5.67 million in total v…
South China Morning PostSingapore Wealth-Tech Firms Expand to Hong Kong as First Overseas Market
Singapore-based wealth-tech companies are selecting Hong Kong for initial international growth due to its substantial idle savings and financial hub status. Chocolate Finance recently launched there, offering competitive returns on deposits. Other firms like Syfe and Endowus have…
ecommerce-platforms.comSubscription Fintech Skio Acquired by Competitor Recharge for $105 Million in Cash
Subscription payments startup Skio has been acquired by rival Recharge in a $105 million all-cash deal. Founder Kennan Frost announced the terms after raising $8 million from investors. The acquisition follows Skio's growth to $32 million in annual recurring revenue.
Substrate placeholder — needs reviewMoonPay Signs $100 Million Deal with Sodot and Introduces Institutional Service
MoonPay has signed a $100 million agreement with Sodot while introducing MoonPay Institutional. Caroline D. Pham described these moves as part of a major shift in financial markets toward instant settlement without failures or paperwork issues. The developments highlight blockcha…
Substrate placeholder — needs reviewForbes Releases 2026 30 Under 30 Finance List for Europe
Forbes has published its 2026 30 Under 30 Finance list, highlighting young professionals in the sector. The list features individuals working on payments, business succession, IT subscriptions, real estate investment, venture capital, AI compute management, and fintech operations…
Substrate placeholder — needs reviewSteve Ballmer Says Founder Deceived Him Before Fraud Guilty Plea
Former Microsoft CEO Steve Ballmer stated he was deceived by Joseph Sanberg, founder of Aspiration Partners, who pleaded guilty to wire fraud. Ballmer reported losing $60 million invested in the fintech startup. Sanberg's sentencing is scheduled for Monday following his August 20…
espn.comSteve Ballmer Provides Victim Impact Statement in Aspiration Fraud Case Before Sanberg Sentencing
Los Angeles Clippers owner Steve Ballmer provided a victim impact statement to a judge in the fraud case against Aspiration co-founder Joe Sanberg, claiming he was duped out of a $60 million investment. The statement comes before Sanberg's sentencing on Monday after his guilty pl…
Substrate placeholder — needs reviewSalmon Raises $60 Million in Equity and $40 Million in Debt for Philippines Expansion
Manila-based consumer finance app Salmon has secured $100 million in new funding to scale its digital banking services for underbanked Filipinos. The round includes equity from investors like Spice Expeditions and debt from the Nordic bond market. Founders aim to build new produc…
Substrate placeholder — needs reviewRevolut Eyes $150-200 Billion Valuation in Planned IPO, Financial Times Reports
British neobank Revolut is targeting a valuation of $150 billion to $200 billion for its eventual initial public offering, according to reports. The company recently achieved a $75 billion valuation in a secondary share sale, up from $45 billion in 2024. Revolut's CEO stated the…
upi.comNaver, Krafton, Mirae Asset Establish 700 Billion-Won Fund for AI in India
Naver Corp., Krafton Inc., and Mirae Asset Group have launched a 700 billion-won investment fund focused on AI, fintech, and content sectors in India. The fund, named Unicorn Growth Fund, was introduced at an event in New Delhi attended by company executives and an industry minis…
Substrate placeholder — needs reviewPaxos Acquires Crypto Wallet Firm Fordefi for Over $100 Million
Paxos, a stablecoin issuer, agreed to acquire the crypto wallet company Fordefi for more than $100 million. The deal expands Paxos's offerings in cryptocurrency infrastructure. Separately, Paxos Labs, a spin-off from Paxos, raised $12 million and serves customers including Hyperb…
Substrate placeholder — needs reviewFormer Ripple VP Emi Yoshikawa Launches $100M Fund Backed by SBI Holdings
Emi Yoshikawa, former vice president of Ripple, has launched a $100 million fund of funds backed by SBI Holdings. The fund seeks to connect Japanese companies with early-stage startups in Silicon Valley focused on AI, fintech and blockchain. Yoshikawa previously served as VP of R…
news.sky.comMonzo Founder Predicts Income Tax Obsolete Within Five Years Due to AI
Tom Blomfield, founder of digital bank Monzo, stated that income tax will become obsolete within five years as artificial intelligence displaces human workers. He suggested governments should tax computational infrastructure instead of wages to fund public services. The predictio…
crowdfundinsider.comUK Fintech Firm Wise Sees Surge in Quarterly Cross-Border Volumes Ahead of Nasdaq Debut
UK-based fintech firm Wise experienced a surge in quarterly cross-border volumes. The increase occurred ahead of its Nasdaq debut. Wise operates as a UK fintech firm.
fortune.comEsusu Cofounders Quit Jobs and Incurred $100,000 in Debt to Build $1.2 Billion Fintech Company
Wemimo Abbey and Samir Goel, cofounders of fintech company Esusu, left their corporate positions and used up their savings to start the business. They accumulated $100,000 in credit card debt during the early stages. The company has reached a valuation of $1.2 billion.
Substrate placeholder — needs reviewWeather Derivatives Market Expands with Participation from Retail Investors and Technology Companies
Weather trades, a form of financial derivatives based on weather events, are increasing in popularity. Retail investors, financial experts, and technology firms are participating in this market. The growth involves testing of new tools and broader market access.
Substrate placeholder — needs reviewCollide Capital Closes $95 Million Fund II for Fintech and Supply Chain Startups
Collide Capital has closed its second fund at $95 million, following its inaugural $66 million fund that supported 75 early-stage companies. The new fund targets investments in fintech and supply chain sectors. This development provides additional capital for startups in these ar…
Substrate placeholder — needs reviewCollide Capital Closes $95 Million Fund II for Fintech and Future-of-Work Startups
Collide Capital, a venture firm founded by Brian Hollins and Aaron Samuels, announced the closing of its $95 million Fund II on Thursday. The fund targets investments in fintech and future-of-work startups. This follows the firm's earlier fundraising efforts in the venture capita…
Substrate placeholder — needs reviewBrazil's FGC Supports BTG Pactual's Acquisition of Digimais Lender
Banco BTG Pactual has reached an agreement to acquire Digimais, a Brazilian digital lender facing financial difficulties. The Fundo Garantidor de Créditos (FGC), Brazil's deposit insurance fund, is providing support for the deal. This transaction aims to stabilize Digimais amid i…
finnish eye / Wikimedia (CC BY-SA 2.0)Consensus 2026 Panel Discusses Agentic Commerce in Financial Transactions
At Consensus 2026, panelists from PayPal, Coinbase, CoinFund, and Oracle addressed agentic commerce and its role in financial systems. The discussion focused on expectations for this technology from builders and investors. Participants included May Z. from PayPal, Erik Reppel fro…
Substrate placeholder — needs reviewFDIC Issues Guidelines for Banks and Fintech Subsidiaries on Stablecoin Use
The Federal Deposit Insurance Corporation (FDIC) has released guidelines outlining how insured banks and their fintech subsidiaries can engage with stablecoins. These guidelines aim to ensure safe and sound operations amid growing interest in digital assets. The framework address…