Kalshi has about tripled its annualized revenue since November, bringing that figure to $2 billion, The Information reported Thursday (June 18), citing unnamed sources. The report attributed the prediction markets platform’s gains to trading around the NBA and World Cup games. This growth has led...
Baseten is finalizing a $1.5 billion fundraising round to support its inference software layer that enables customers to run, optimize and train open-source artificial intelligence models, the Wall Street Journal reported Thursday (June 18). The round will have a dual-tiered structure in which some participants...
PayPal is “exploring strategic options” for its venture capital arm, a company spokesperson told Fortune in a report posted Tuesday (June 16). “As part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture capital arm, PayPal Ventures,”...
Cross-border payments/stablecoin settlement infrastructure company Trace Finance has raised $32 million in new funding. The Series A financing, announced Wednesday (June 17), will help Trace deepen its product capabilities in areas like foreign exchange (FX), compliance and stablecoin settlements and expand within “priority jurisdictions” such...
Travel-focused credit card company Karta has raised $140 million in new funding. The new financing, announced Wednesday (June 17), came in the form of a $15 million Series A round led by Galaxy Ventures and a $125 million debt facility provided by CIM. According to a news release, the new capital will...
Africa-focused FinTech startup Flutterwave has reportedly sold an equity stake to blockchain company Ripple. This investment lifts Flutterwave’s valuation to $3.3 billion, CEO Olugbenga Agboola said in an interview with Bloomberg News published Tuesday (June 16). The news outlet added that Agboola declined to reveal...
Arcade.dev raised $60 million in a Series A funding round to grow its secure action layer for production artificial intelligence agents, designed to prove which agent took which action, on behalf of which user. The company will use the new funding for product development, ecosystem...
Interchecks raised $50 million in a Series C funding round to expand its instant payments infrastructure that serves sportsbooks, FinTechs and financial institutions. The company will use the new funding to expand its platform that has processed more than $50 billion in transactions over its 10-year history,...
Indian payment FinTech Razorpay is reportedly preparing a $600 million initial public offering (IPO). The company has confidentially filed for a public listing with the goal of making its stock market debut by the end of the year, Reuters reported Monday (June 15), citing a...