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Syfe, Asia-Pacific’s leading digital wealth platform with well over US$10 billion in assets under management (AUM), today announced a strategic collaboration with J.P. Morgan Asset Management (JPMAM), the world’s largest active ETF manager1. The collaboration marks the first time a digital wealth platform in Singapore will offer JPMAM’s institutional active ETF strategy, available on the Syfe platform as the Equity Alpha portfolio powered by J.P. Morgan Asset Management (‘Equity Alpha’).
Payoneer, the global financial technology company powering business growth across borders, today announced that it has filed an application with the Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank, N.A., a national trust bank designed to support stablecoin-enabled infrastructure for global businesses.
Klarna, the global digital bank and flexible payments provider, is seeing a sharp rise in both monthly and daily app usage, as more consumers use the global digital bank’s services as part of their everyday money management.
DailyPay, the leader in On-Demand Pay, has announced its partnership with GoTo Foods, a global developer of multi-channel foodservice brands. With this partnership, DailyPay will serve as the sole preferred On-Demand Pay vendor for GoTo Foods’ franchise network.
TerraPay, a global money movement company, today announced its partnership with Raenest, a leading global fintech platform built for freelancers, creators, remote workers, and digital-first businesses. This collaboration supports Raenest’s expansion into India and the Philippines, enabling faster and reliable payouts in local currencies into these markets.
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Worldline, a European leader in payment services, announces the proposed sale of its Indian payment activities to BillDesk, a top-tier Indian payments leader for an estimated equity value at closing of c.€60m.
The stablecoins cohort is part of our commitment to supporting growth and innovation in UK financial services. 20 applications were received and the FCA has chosen the following firms:
Basis, the leading AI agent platform for accountants, has raised $100 million in Series B funding at a $1.15 billion valuation. The round was led by Accel (Miles Clements), along with GV (Google Ventures) and Lloyd Blankfein, and with Khosla Ventures (Keith Rabois and Vinod Khosla) and other existing backers doubling down.
