Trump Meme Coin Faces Volatility as Melania Launches Rival Token
The cryptocurrency market experienced intense fluctuations after $Trump, a meme coin minted by incoming US President Donald Trump, briefly lost more than half of its market capitalization. The disruption followed the debut of $Melania, a ... Read More
UK WealthTech Fundment Raises £45 Million in Series C Funding
UK-based WealthTech startup Fundment, founded by former BlackRock and abrdn asset manager Ola Abdul, has secured £45 million in Series C funding. The financing will fuel the expansion of its innovative platform, which provides an ... Read More
American Express to Pay $230 Million for Alleged Deceptive Sales Practices
American Express has agreed to a $230 million settlement to address accusations of deceptive sales tactics involving credit cards and wire transfer products sold to small business customers. Breakdown of the Settlement Criminal and Civil ... Read More
Revolut Combats Impersonation Scams with In-App Calls
Fintech leader Revolut has launched in-app calls to better protect its retail customers from impersonation scams, a common fraud tactic where criminals pretend to be representatives from a bank or financial institution to extract sensitive ... Read More
Amazon to Acquire Indian BNPL Firm axio for $150M+
Amazon has agreed to purchase Indian buy now, pay later (BNPL) provider axio in a deal reportedly exceeding $150 million. About axio axio was formed through the merger of Capital Float, Walnut, and Walnut369 and is a key player in ... Read More
Mastercard gender and race bias settlement
Mastercard will pay $26 million to settle a class action lawsuit alleging gender and race-based pay discrimination, affecting thousands of employees since ... Read More
Block Fined $255 Million Over Cash App AML and Fraud Failings
Block Inc. has been fined $255 million over AML and fraud failures on its Cash App platform, with penalties imposed by state regulators and the ... Read More
Amazon to Acquire Indian BNPL Firm Axio for Over $150 Million
Amazon agrees to acquire Indian BNPL firm Axio in a deal exceeding $150 million, aiming to enhance financial services and credit access across ... Read More
Nevermined Secures $4M to Develop ‘PayPal for AI’
Nevermined, a cutting-edge startup aiming to create payment infrastructure tailored for AI-to-AI transactions, has raised $4 million in a funding round led by Generative Ventures, with participation from Polymorphic Capital, Near, Halo ... Read More
Klearly Secures €6 Million Seed Round for European Expansion
Dutch fintech startup Klearly, specializing in Tap on Phone technology, has raised €6 million in a seed funding round to drive its growth into new European markets. Klearly’s solution eliminates the need for traditional bank-supplied ... Read More