Cover Genius has acquired Friendsurance, the Berlin company that invented peer-to-peer insurance. The deal took effect immediately, and neither side disclosed a price. Friendsurance built its name on a simple idea. Small groups of policyholders pool to…
X Money went live on Monday. Buried in its support pages is a rule that no ordinary bank applies to a current account. “If your X account is suspended for violating Child Safety or Violent and Hateful Entities policies, you will lose Money access,” the…
A development bank has just minted a unicorn, and it took two years. Ominimo, a Budapest-based motor insurance startup founded by Serbian and Hungarian entrepreneurs, has closed a Series B led by the venture arm of the European Bank for Reconstruction …
China’s market regulator fined Trip.com Group $765 million on Saturday after concluding that the country’s largest online travel platform abused its dominant market position. The State Administration for Market Regulation said Trip.com used its traffic…
Stripe wants a foothold in AI, and it is willing to pay dearly for it. The payments company is in talks to buy OpenRouter for about $10 billion, the Wall Street Journal reported. That is a staggering price for a startup valued at just $1.3 billion in M…
Shares in Wise fell about 10% on Friday after the US Office of the Comptroller of the Currency declined the money-transfer firm’s application for a national trust bank charter, the licence that would have wired it directly into the Federal Reserve’s pa…
Revolut confirmed on Tuesday that a secondary share sale has valued the digital bank at $115 billion, a 53 percent jump from the $75 billion it reached in November 2025. The sale priced shares at $2,017 each, according to Bloomberg. The valuation makes…
Augustus has raised $180 million at a $1 billion valuation. Tiger Global led the round, the company announced on Tuesday. Hummingbird, QED, and the founders of Nubank, Ramp, Circle and Deel joined in. The startup has now raised $210 million in total. A…
Apple is preparing to launch Apple Upgrade, a device leasing program backed by Klarna that will mark one of the biggest changes to how the company sells hardware, Bloomberg reported on Monday. The service is planned to go live on July 28 and will suppo…
The next big customer for a payments company may not be a person at all. It may be an AI agent, and a startup called Natural has raised $30 million to serve it. The Series A was led by Kirsten Green at Forerunner Ventures, and closed when Natural was j…