Payments infrastructure FinTech Stripe’s valuation has reportedly reached a record $106.7 billion. That’s according to a report Tuesday (Sept. 23) by Bloomberg News, citing a person with direct knowledge of the matter. Another person familar with the valuation later confirmed this figure for PYMNTS. The...
Crypto and stablecoin infrastructure platform zerohash has raised $104 million in new funding. This Series D-2 raise will help zerohash do things like speed product expansion and hire new talent, the company said in a news release Tuesday (Sept. 23). The release notes that this round is happening amid...
Blockchain-based payments firm Fnality International has raised $135 million in new funding. The U.K. company’s Series C round, announced Tuesday (Sept. 23), was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with participation from investors that included Goldman Sachs, Barclays and Santander. “This latest capital...
Business travel and expense management platform Navan is preparing to go public. The company filed its registration statement for an initial public offering with the Securities and Exchange Commission Friday (Sept. 19), sharing its plans to list on the Nasdaq. The statement showed the travel...
The bank holding company for Tennessee-based Commercial Bank launched its initial public offering. Commercial Bancgroup and some of its shareholders plan to offer a total of 3,738,317 shares of common stock, with the selling shareholders expected to grant the underwriters a 30-day option to purchase...
Shield raised $5 million in seed funding to continue building its neobank for global trade businesses. The company helps exporters accept payments from international buyers in USDT stablecoins and settle them as same-day U.S. dollar wires, it said in a Monday (Sept. 22) blog post....
Cardless raised $60 million in a Series C funding round to expand the capabilities of its credit card platform that enables companies to design and launch cards in-house. The company’s platform enables product-first companies to design every touchpoint of the credit journey, without taking on...
Amazon reseller Pattern reportedly raised $300 million Friday (Sept. 19) in its initial public offering and saw its shares close up 11%. Pattern sold shares at $14 in its IPO. Its stock opened at $13.50 and closed at $15.63, CNBC reported Friday. The IPO valued...
With the new additions of Figure Technology Solution and Klarna, the FinTech IPO Index saw a healthy jump, adding 3.6% through the week. The Fed, of course, cut interest rates this week, which in turn pushed lending platforms higher, on the read across that lower...