Revolut is launching a euro-backed stablecoin, according to Bloomberg, entering a market that European regulation has spent two years accidentally consolidating around a single American issuer.The neobank is also one of the 36 firms the ECB picked for …
Funding for UK fintech companies has dropped to its lowest level in at least ten years, according to Bloomberg, which reported the figures on Sunday. The decline lands on a sector that Britain has spent the better part of fifteen years describing as it…
Walmart is adding tap to pay at its checkouts from Monday, ending more than a decade of refusing the technology. The retailer will not say so in those terms. Its announcement does not use the word Apple once. The rollout starts at selected Walmart stor…
Munich Re has agreed to buy At-Bay, a cyber-insurance startup, for $575mn. The deal values the company at less than half what it was worth in 2021. The German insurance group announced the acquisition on Wednesday, in a statement. The price is a reset….
Navi, the Indian fintech founded by the Flipkart co-founder Sachin Bansal, has raised $100mn from the investor Prosus. It is the first outside institutional funding for the eight-year-old company, TechCrunch reported. Navi is preparing to go public. Th…
Stripe has agreed to buy OpenRouter, the startup whose software helps companies route their spending across hundreds of AI models. The payments firm confirmed the deal on Wednesday, making official an acquisition the press first reported earlier this m…
Rillet, a startup that rebuilds corporate accounting around AI, has raised $100mn at a $1bn valuation, making it the latest AI unicorn. ICONIQ led the Series C, the company told Fortune in an exclusive. Nick Lichtenberg reported the deal. It is Rillet’…
TikTok is working on a way for users to send each other money inside direct messages, according to Bloomberg. The feature would run on TikTok Pay, the app’s existing payment system, Bloomberg reported. Natalie Lung and Alexandra Levine wrote that refer…
Synchrony Financial, which issues store credit cards for Amazon, Walmart and Lowe’s, is working with OpenAI so shoppers can buy inside ChatGPT using those cards. Its chief strategy officer says general-purpose cards will take six to twelve months and s…
Mastercard transactions were declined across Australia on Saturday afternoon after what the company describes as a scheduled system update, with more than 1,900 outage reports logged by mid-afternoon. Mastercard says the problem is resolved and all sys…