Digital Asset, a New-York based company known for its work in institutional blockchain infrastructure and the development of the Canton Network, has appointed Jonathan Isaac as Chief Marketing Officer. Isaac most recently served as Chief Marketing Officer at CoinMarketCap, widely regarded as the most visited website in the crypto space. During his tenure, he played a key role in shaping the platform’s brand and outreach strategy amid rapid industry developments. Prior to that, he was Head of Marketing at the cryptocurrency exchange Gemini. In his new role, Isaac will oversee global marketing, including brand, product marketing, and communications, with a…

Monarch, a San Francisco-based personal finance application, has raised US$75 million in a Series B funding round, aimed at advancing its mission to make financial wellness more accessible to a wider audience. The round was co-led by FPV Ventures and Forerunner Ventures, with continued participation from existing investors Menlo Ventures, Accel, SignalFire, and Clocktower Ventures. The company plans to use the funds to expand both its team and platform. Val Agostino, Co-founder and Chief Executive Officer of Monarch Money, said: “We started Monarch six years ago with a clear but ambitious mission to solve this problem for all households, not…

The global stablecoin market is poised for significant growth, with the Citi Institute projecting a base case valuation of US$1.6 trillion by 2030. Under more optimistic conditions, the market could reach US$3.7 trillion, while a more conservative outlook suggests it may cap at US$500 billion. The total value of stablecoins stood at US$234 billion as of March 2025, implying that even in the worst case scenario, this market would grow by staggering 114% within the next five years, a new report by the research unit projects. Meanwhile, the bull case suggests a potential surge of nearly 1,500%. These scenarios reflect…

Visa has introduced Visa Commercial Integrated Partners, a new initiative aimed at improving integration between fintechs and Visa’s commercial offerings through its commercial platform. The programme will provide advanced APIs that allow Visa products to be embedded within the applications of business partners. These integrations will also be accessible to Visa’s financial institution clients, enabling them to offer new payment functionalities to their business customers. The initiative is intended to provide fintechs and other business software providers with the tools and framework to more easily incorporate payment capabilities into their platforms. This will allow commercial issuers of Visa credentials to…

San Francisco-based business banking startup Slash has secured US$41 million in Series B funding, bringing its valuation to US$370 million. The funding round was led by Goodwater Capital, with continued support from existing investors New Enterprise Associates (NEA), Menlo Ventures and Y Combinator. Goodwater Capital partner Hatim Khety will be joining Slash’s board of directors. This latest round follows the US$19 million raised during the company’s Series A and seed funding two years ago. Additional backing came from angel investors linked to DoNotPay, Wander and Bridge. Founded by CEO Victor Cardenas Codriansky and CTO Kevin Bai, Slash provides business banking…

Marie-Elise Droga has been appointed Chief Revenue Officer (CRO) at Brazil’s EBANX, a payments technology company operating in emerging markets. With two decades of experience in the payments industry, particularly in cross-border transactions and international expansion, Droga will lead the company’s global commercial and partnerships teams starting this month. Her career includes leadership positions at major financial services firms such as Visa and Western Union. At Visa, she held the position of Senior Vice President, Head of Fintech Partnerships, Global and North America, where she was involved in expanding the company’s presence in emerging fintech sectors. At Western Union, she…

Keep, a Canadian fintech startup offering an integrated financial platform for small businesses, has publicly launched with US$76 million in new funding. The raise comprises US$23 million in equity financing led by Tribe Capital, a US$50 million credit facility from Coventure (Treville), and a US$3 million venture debt line from Silicon Valley Bank. The company aims to address long-standing financial and operational challenges faced by Canada’s small businesses, a sector of roughly 3 million enterprises and a market worth more than US$500 billion. Keep positions itself as an alternative to traditional banks, which continue to rely on outdated systems and…

Affiniti, a New York-based fintech startup founded by Aaron Bai and Sahil Phadnis, has raised US$17 million in a Series A round led by Signal Fire. The funding comes just six months after the company secured an US$11 million seed round, the founders told TechCrunch. Other investors in the latest round include Contrarian Thinking Capital, Yahya Mokhtarzada of TrueBill, and Austin Rief of Morning Brew. Existing backers Indicator Ventures, LightShed Ventures, and RiverPark Ventures also participated. In addition to equity funding, Affiniti previously signed a US$15 million debt facility that can be expanded to US$50 million. Affiniti builds expense management…

SecurityScorecard has published its 2025 sector report, Defending the Financial Supply Chain: Strengths and Vulnerabilities in Top Fintech Companies, highlighting that 41.8% of cybersecurity breaches affecting leading fintech firms stemmed from third-party vendors. The report, based on an in-depth analysis of the cybersecurity posture of 250 of the world’s top fintech companies, underscores a growing disparity between robust internal controls and external supply chain vulnerabilities. “Fintech companies anchor global finance, but one exposed vendor can take down critical infrastructure,” said Ryan Sherstobitoff, Senior Vice President of SecurityScorecard’s STRIKE Threat Research and Intelligence Unit. “Third-party breaches aren’t edge cases, they reveal…

Acrisure, a financial services firm based in Michigan, has entered into a definitive agreement to issue new convertible senior preferred stock as part of a US$2.1 billion capital raise led by Bain Capital. The proceeds will be used to refinance a portion of its existing non-convertible preferred stock, pursue strategic acquisitions, and support the firm’s development as a technology-enabled financial services platform. “This transaction represents a significant milestone and serves as proof that our vision for Acrisure’s scaled platform has become a reality,” said Greg Williams, Chairman, CEO and Co-founder of Acrisure. “Our evolution from an insurance brokerage into an…

Boston-based Catena Labs announced plans to establish what it describes as the first fully regulated financial institution designed specifically for the needs of the emerging AI economy. As an initial step towards this goal, the company has released an open-source project that outlines protocols and frameworks for what it terms “agentic commerce”. Catena Labs also confirmed it has secured US$18 million in funding, led by a16z crypto, with support from Breyer Capital, Circle Ventures, Coinbase Ventures, CoinFund, Pillar VC, Stanford Engineering Venture Fund, and a group of individual investors including Tom Brady, Bradley Horowitz, Hamel Husain, Kevin Lin, Peter Mattoon,…

eToro, the Israel-based trading platform, has successfully completed its initial public offering (IPO), raising nearly US$620 million and securing a valuation of approximately US$4.3 billion, with a fully diluted valuation approaching US$5 billion. Shares were priced at US$52, above the initially marketed range of US$46 to US$50. The offering marks a significant step for eToro following a previous delay in its listing plans due to market volatility stemming from tariff-related announcements made by President Donald Trump. Commenting on the development, Capital One founder Nigel Morris said the successful IPO may signal a broader shift for fintech companies considering public offerings.…

Central banks are exploring how smart contracts could support monetary policy in financial systems where money and assets are tokenised. Project Pine, a joint research initiative by the Federal Reserve Bank of New York’s Innovation Center and the Bank for International Settlements (BIS) Innovation Hub Swiss Centre, tested whether central banks could use smart contract-based tools to carry out core functions in such an environment. The project developed a prototype smart contract toolkit capable of performing monetary policy operations, including paying interest on reserves, conducting asset purchases and sales, swapping assets, and temporarily exchanging reserves for collateral. These functions were…

Jack Henry, a Missouri-based provider of technology solutions and payment processing services for financial institutions, has announced that SouthTrust Bank has selected its systems to modernise the bank’s technology infrastructure. The partnership aims to improve operational efficiency, enhance digital capabilities, and support the bank’s long-term growth plans. Founded in 1934 and headquartered in George West, Texas, SouthTrust Bank manages approximately US$550 million in assets and operates eight locations across South Texas and Houston. The bank is known for its strong community presence and long-standing customer relationships. In recent years, it has expanded its reach in Houston and introduced targeted services,…

Republic, a private market investing platform based in New York, is currently in discussions to acquire crowdfunding pioneer Indiegogo in an all-stock transaction, Axios has learned. The potential acquisition is seen as a strategic move by Republic to bolster its capabilities in the private market space. It follows closely on the heels of Republic’s acquisition of INX, underscoring the company’s continued expansion efforts. Founded in 2008 and headquartered in San Francisco, Indiegogo is one of the longest-standing crowdfunding platforms. The company has raised over US$55 million from prominent investors including Kleiner Perkins, Insight Venture Partners, Institutional Venture Partners, and Khosla…

iCapital, a global fintech platform, and Citi have announced that iCapital will acquire Citi Global Alternatives, an indirect subsidiary of Citi. Citi Global Alternatives serves as the advisor to Citi Wealth’s global alternative investment fund platform, which comprises over 180 alternative funds distributed globally. These funds span various strategies and asset classes, including private equity, growth equity, private credit, infrastructure, venture capital, real estate, and hedge funds. Lawrence Calcano, Chairman and CEO of iCapital, said: “iCapital’s technology platform will streamline the operations and management of their current and future alternative investment funds platform. Additionally, we will enhance Citi Wealth’s global…

Addepar, a US-based technology and data platform used by investment professionals, has announced the closing of a US$230 million Series G funding round. The round was co-led by Vitruvian Partners, based in London, and returning investor WestCap, headquartered in New York. Longtime investors 8VC and Valor Equity Partners also took part, along with new investor EDBI through SG Growth Capital, the investment platform of the Singapore Economic Development Board and Enterprise Singapore. Clients use Addepar’s platform to manage and advise on more than US$7 trillion in assets, up from US$5 trillion a year ago. The company adds over US$25 billion…

WonderFi Technologies, a Canadian provider of digital asset products and services, has entered into a definitive agreement with Robinhood Markets, and a wholly owned subsidiary of Robinhood. Under the agreement, Robinhood’s subsidiary will acquire all issued and outstanding common shares of WonderFi for C$0.36 per share through a statutory plan of arrangement under the Business Corporations Act (British Columbia). The proposed transaction values WonderFi at approximately C$250 million on a fully diluted, in-the-money basis. The offer represents a 41% premium to WonderFi’s closing share price on the Toronto Stock Exchange on May 12, and a 71% premium to its 30-day…

Anchorage Digital has entered into a definitive agreement to acquire Mountain Protocol, the Bermuda-based issuer of the USDM stablecoin. The financial details were not disclosed. The move comes as Anchorage Digital looks to expand its stablecoin offering amid growing institutional demand and evolving U.S. regulatory clarity. The deal is subject to customary closing conditions and regulatory approvals. Mountain Protocol is regulated by the Bermuda Monetary Authority and is backed by Multicoin Capital, having recently raised US$8 million in a Series A round. The company’s USDM stablecoin is fully backed by U.S. Treasuries and operates across multiple blockchains. Through this acquisition,…

Wise has appointed former Western Union executive Ricardo Amaral as its new Head of Banking for Latin America and Country Manager for Brazil. The appointment is part of Wise’s ongoing expansion efforts in the Americas, following its recent entry into the Mexican market and approval for direct access to Brazil’s Instant Payment System (SPI), which underpins Pix. In his new role, Amaral will oversee operations in Brazil and lead Wise’s business strategy across Latin America. He will be responsible for implementing Pix integration and developing a region-specific growth strategy across customer segments, with the aim of improving the international payments…