Saudi Arabia-based buy now, pay later FinTech Tabby has raised $230 million in new funding. The financing, announced Monday (Sept. 14), values Tabby at $6.5 billion and will be used to expand the company’s buy now, pay later (BNPL) offering in the Gulf region. “We now have consumer and...
Online financial services company Enova has withdrawn its bank regulatory applications related to the proposed acquisition of Grasshopper Bancorp, saying in a Monday (Sept. 14) press release that the process is “susceptible to political pressure and outside advocacy.” Enova withdrew its applications with the Office...
The physical AI boom is easy to picture as a new factory filled with humanoid robots and autonomous machines. The bigger opportunity may be much less futuristic. It’s making factories built decades ago smarter without replacing the equipment already inside them. That market is taking...
Financial software provider Finastra could reportedly soon be up for sale by its private equity firm owner. Vista Equity Partners is exploring options for U.K.-based Finastra that could include a sale, Reuters reported Tuesday (Sept. 15), citing four sources familiar with the matter. Other options could include Vista selling a...
The emerging infrastructure for autonomous artificial intelligence agents to spend money online may be developing faster than the agents themselves. A new analysis by blockchain intelligence company TRM Labs found that only a fraction of payments flowing through x402, one of the most prominent protocols...
Stablecoin payments and treasury platform Velocity has raised $10 million in new funding. The financing will support Velocity’s work to provide stablecoin infrastructure to issuers, acquirers, payment providers, financial institutions and merchants, the company said in a news release Tuesday (Sept. 15). The extension of the company’s Series A...
Payments companies already know how to authenticate machines. API keys, tokens, certificates and digital credentials can establish that a request came from an authorized system. But identifying a machine like an artificial intelligence agent does not answer the more economically important question: What is it allowed to...
Financial operations platform Ramp says it has officially launched in the U.K. The expansion is Ramp’s first major move beyond North America following its announcement in July that it had expanded into Canada, the company said in a Tuesday (Sept. 15) news release. “The UK is home to...
Small businesses are putting a premium on predictability. Across more than 6,000 small and medium-sized enterprises (SMEs) surveyed in 18 countries for Mastercard’s inaugural Dreamonomics report, 68% said they prioritize stability and predictability over fast growth. Fifty-four percent said they actively avoid unnecessary financial risk....