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...
Artificial intelligence (AI) startup Prometheus, which is led by Amazon founder Jeff Bezos and former Google executive Vikram Bajaj, raised $12 billion in a Series B funding round that valued the company at $41 billion, according to multiple media reports. Prometheus launched in November and...
Technology startup Capsa AI announced Tuesday (June 9) it has closed an $18 million Series A funding round aimed at scaling its specialized artificial intelligence (AI) operating system for the global private equity sector. The latest investment round was co-led by TX Ventures and Pivot...
Robinhood CEO Vlad Tenev says the company’s securities business can now serve as an underwriter. Tenev’s announcement on X was flagged in a report Tuesday (June 9) from Seeking Alpha, which notes Robinhood’s expansion from trading platform to underwriter for initial public offerings (IPOs) could unlock higher-fee revenue...