Global Payments, an Atlanta-based provider of payment technology and software solutions, has announced agreements to sell its Issuer Solutions business to FIS for US$13.5 billion and to acquire Worldpay, a Cincinnati-based payment processing company, from GTCR and FIS for a net purchase price of US$22.7 billion. The total value of the Worldpay acquisition stands at US$24.25 billion, including US$1.55 billion in anticipated tax assets. The transactions reflect a 12.3x adjusted EBITDA multiple for Issuer Solutions and an 8.5x adjusted EBITDA multiple for Worldpay, based on a net basis inclusive of run-rate synergies. Following the completion of the deal, Global Payments…

Belvo, an Open Finance platform based in Mexico, has secured US$15 million in a new round of funding. The round saw participation from new investor Quona Capital, alongside existing investors Kaszek, Kibo Ventures, Future Positive, Citi Ventures, and Y Combinator. The funds will support product development across data and payments, while also driving the company’s AI strategy to enhance financial services across the region. “This investment will help us accelerate the expansion of our Open Finance product suite and further our mission of democratizing access to financial services in Latin America,” said Belvo’s Co-Founders and Co-CEOs, o. The company’s Open…

Pismo, a cloud-native banking and payments platform headquartered in São Paulo, Brazil, has announced a series of leadership changes aimed at supporting its focus on customer-driven growth and the continued expansion of its global operations. Vishal Dalal, who has served as Pismo’s Chief Executive Officer for North America, Europe and Asia since 2021, has been appointed as the company’s global Chief Executive Officer. Dalal, who will remain based in London, brings over 25 years of experience in core banking and card systems, having previously held roles at McKinsey, Citibank and Barclays. He succeeds co-founder Ricardo Josua, who will step into…

AU10TIX, an Israel and New York-based provider of identity verification and management solutions, has appointed Yair Tal as its new Chief Executive Officer. Tal, who brings more than two decades of leadership experience in payments, financial technology and localisation services, will focus on strengthening the company’s machine learning capabilities and supporting its international expansion through a regional strategy. He succeeds Dan Yerushalmi, who is stepping down to spend more time with his family. Before joining AU10TIX in April 2025, Tal served as Chief Executive of BLEND, an AI-powered localisation firm. He previously held the role of Senior Vice President and…

Tapcheck, a Texas-based on-demand pay provider, has secured US$225 million in combined equity and debt financing. The funding includes a US$25 million Series A extension led by existing investor PeakSpan Capital, along with a US$200 million credit facility from Victory Park Capital. “This infusion of capital will further strengthen our capacity to empower employees nationwide and alleviate financial pressure by granting access to earned wages ahead of traditional pay schedules,” said Ron Gaver, co-founder and CEO of Tapcheck. Founded in 2019 by Ron and Kayling Gaver, Tapcheck provides employees with access to earned wages before payday. The company’s platform integrates…

A new income tax survey conducted by ACI Worldwide, in collaboration with YouGov, has revealed that nearly 40% of US taxpayers plan to use their tax refunds to pay off debt, such as credit cards and loans. The findings suggest that the ongoing inflationary pressures are continuing to erode disposable income, with many Americans leaning on their tax refunds to manage financial obligations. In addition to this trend, 44% of respondents indicated they would deposit their tax refunds into a savings account, reflecting a growing sense of financial caution and a shift away from immediate discretionary spending. The results point…

Alinea Invest, a New York based fintech company, has raised US$10.4 million in Series A funding as it continues its mission to build the go-to investing app for Gen Z. Founded in 2021 by Anam Lakhani and Eve Halimi, who met while at university and went on to gain experience at Goldman Sachs and Citi, Alinea has seen rapid growth. The platform now boasts over one million users, 92 percent of whom are women and 70 percent Gen Z. Last year, the company achieved six times revenue growth, reaching a US$6 million run rate with a lean team of just…

Latin America (LatAm)’s cross-border payments space is undergoing a profound transformation, driven by the explosive growth of e-commerce, increasing adoption of digital payments, and digitalization efforts by governments. An in-depth analysis by FXC Intelligence, a financial data company specializing in payments and e-commerce, explores the key trends shaping this evolving space, highlighting the growth drivers of the sector and the dynamic opportunities across industries including remittances, international trade, and online commerce. According to the report, LatAm is seeing significant developments across the cross-border sphere. In particular, Mexico and Brazil, the region’s two biggest economies, are leaders in this industry, driven…

The US Department of Justice is disbanding a team of prosecutors that had been dedicated to pursuing cryptocurrency-related crimes, according to a memo. The move signals a significant shift in enforcement priorities, with less emphasis on complex crypto cases involving banking and securities law. “The Department of Justice is not a digital assets regulator,” wrote Deputy Attorney General Todd Blanche in a memo sent to prosecutors on April 7. This development is the latest in a series of steps by the Trump administration aimed at bolstering the cryptocurrency industry while rolling back initiatives launched under President Joe Biden to crack…

Broadridge Financial Solutions, headquartered in New York, has launched Broadridge Digital Asset Solutions, a set of tools designed to help financial institutions expand their digital asset operations while remaining compliant with evolving global regulations in the crypto and digital asset sector. The new offering builds on Broadridge’s background in data management, governance, and investor communications. “By leveraging our trusted expertise in data, governance solutions, and investor communications we are helping clients provide useful information to investors and participants in the crypto and digital assets space, furthering the democratisation of investing,” said Mike Tae, Co-President of Broadridge’s Investor Communication Solutions Business.…

Ripple has announced its acquisition of Hidden Road for US$1.25 billion, marking one of the largest transactions in the digital assets sector. With this acquisition, Ripple becomes the first cryptocurrency company to own and operate a global, multi-asset prime broker. Hidden Road is a rapidly growing prime broker that provides a comprehensive suite of services to institutional clients, including clearing, prime brokerage, and financing. Its offerings span foreign exchange (FX), digital assets, derivatives, swaps, and fixed income. The company clears approximately US$3 trillion annually and serves over 300 institutional customers. Ripple’s CEO, Brad Garlinghouse, commented on the deal, stating, “We…

London-based Open Banking fintech Yavrio has expanded its operations in the US by connecting with the five largest banks: Wells Fargo, JP Morgan, Citibank, Bank of America, and US Bank. This move is part of the company’s international growth strategy, aiming to tap into the increasing adoption of Open Banking in the US. Yavrio has also introduced embedded payment solutions, including ACH, RTP, FedNow, and Wire payments, which are now available across more than 9,600 banks in the US. This development allows businesses to send funds securely from their payment journals to vendors via their bank accounts. The company’s integration…

In an effort to provide greater clarity on the application of federal securities laws to crypto assets, the US Securities and Exchange Commission (SEC) Division of Corporation Finance has issued a statement regarding certain types of crypto assets commonly referred to as “stablecoins.” Specifically, this guidance addresses stablecoins that are designed to maintain a stable value relative to the USD on a one-for-one basis, are redeemable for USD, and are backed by low-risk, readily liquid assets held in reserve. The SEC’s statement offers an important clarification for the crypto industry, distinguishing “Covered Stablecoins” from securities under U.S. law. The Division…

Stripe, a global financial infrastructure company based in San Francisco, has had its application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter accepted by the state of Georgia’s Department of Banking and Finance, moving the firm a step closer to directly accessing payment card networks. In an exclusive with PYMNTS, Stripe revealed that the MALPB charter will enable the company to expand its payment processing offerings. Specifically, it will grant Stripe direct membership in the U.S. with Visa and Mastercard, allowing it to process payments without the need for a sponsoring bank (also known as a BIN sponsor). Stripe’s…

Remittance startup Felix Pago has secured $75 million in a Series B funding round led by QED Investors, with plans to expand into additional Latin American markets and broaden its suite of financial products. Based in Miami, Felix Pago processed over $1 billion in money transfers via its WhatsApp-based platform in 2024. The company now aims to enter Colombia, Ecuador, and Peru, while evolving beyond remittances to offer services such as credit and savings accounts. “We want to move from only offering remittances to becoming a complete platform to use that money,” said Chief Executive Officer and co-founder Manuel Godoy…

Kraken has obtained a Restricted Dealer registration in Canada, enabling it to operate under the regulatory framework established by the Ontario Securities Commission (OSC). The approval comes after a comprehensive pre-registration process in which the company enhanced its compliance, governance, and security protocols to align with industry standards. As part of its ongoing expansion, Kraken has appointed Cynthia Del Pozo as the General Manager for North America. Cynthia will oversee operations in Canada and focus on regulatory, political, and commercial engagement to support the firm’s next stage of growth in the region. The process to secure this registration involved extensive…

Digital finance platform Plaid has announced it has raised $575 million in new funding. The financing follows a year in which the company achieved what it describes as a “meaningful expansion” of its product suite. “Plaid has evolved from a business solely focused on bank linking, into a suite of data analytics products that are essential to financial services and adjacent markets,” Co-founder and CEO Zachary Perrett wrote in the blog post. “Whether it’s signing up new users, fighting fraud, enabling bank payments, or making underwriting decisions, our network is core to the way that our customers run their businesses…

MoneyGram, a financial technology company based in the US that specialises in global payments and financial solutions, has partnered with Mastercard to enhance digital money transfers both domestically and internationally. By integrating Mastercard Move, a suite of money transfer solutions, MoneyGram is providing its customers with improved access to fast, secure, and near real-time transactions. Through this partnership, customers using any US-issued Mastercard card can send money across borders to 38 eligible receiving markets, with plans for further expansion in 2025. Mastercard Move also allows MoneyGram customers to receive funds through nearly 10 billion endpoints worldwide, ensuring greater accessibility and…

Trulioo, a Canada-based identity verification platform, has announced the appointment of Vicky Bindra as CEO. He replaces Steve Munford, who is retiring after overseeing the company’s growth and expansion. Bindra has worked in the fintech sector for over two decades, holding senior roles at financial services firms including FIS, Visa, and Mastercard. Before joining Trulioo, he was Chief Operating Officer (COO) and Chief Product Officer (CPO) at Nuvei, where he focused on business growth and strategic partnerships. His experience in payment solutions, digital commerce, and global market expansion aligns with Trulioo’s work in identity verification. The company provides person and…

OpenAI announced on March 31 that it had closed one of the largest private funding rounds in history. In a blog post on the company’s website, OpenAI revealed it had raised US$40 billion in a round that values the company at US$300 billion post-money. According to CNBC, the financing was led by SoftBank, with participation from Microsoft, Coatue, Altimeter, and Thrive, all of whom are existing backers. “[This new capital] enables us to push the frontiers of AI research even further, scale our compute infrastructure, and deliver increasingly powerful tools for the 500 million people who use ChatGPT every week,”…