Fintech
Funding, platform launches, and the upstarts pressuring incumbents.
Revolut Finally Secures UK Banking License After Three-Year Regulatory Review
The PRA grants Revolut a full UK banking license, ending a protracted review and allowing the $45B fintech to offer insured deposits and direct lending in its home market.
Checkout.com Wins Emirates Airline Mandate in Signal That Enterprise Payment Switching Accelerates
Emirates moves its global payment processing to Checkout.com from a legacy acquirer, joining a growing list of enterprises switching PSPs amid pricing pressure.
Ramp Hits $10B Annualized Card Volume as Mid-Market Firms Ditch Legacy Expense Tools
Ramp reaches the $10 billion annualized spend milestone, tripling year-over-year as companies with 200-2,000 employees consolidate expense management on a single platform.
Mercury Raises $120M Series D at $5B Valuation to Build Full Treasury Stack for Startups
Mercury raises at 3x its 2024 valuation as it expands beyond banking into bill pay, corporate cards, and investment sweep accounts for venture-backed companies.
Plaid Launches Real-Time Income Verification Product Targeting $4.5T Mortgage Market
Plaid's new Income product pulls verified payroll data from 94% of U.S. employers, promising to cut mortgage origination timelines from 45 days to under two weeks.
Klarna IPO Prices at $78B Valuation as BNPL Giant Posts Fourth Consecutive Profitable Quarter
Klarna prices its NYSE debut at $72 per share, valuing the company at $78 billion and marking the largest fintech IPO since Stripe's 2025 direct listing.