PhonePe, one of India’s largest fintech platforms, today announced it has raised additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion.

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, indicates that $25 trillion was wiped off global stock markets in 2022.

WFE’s FY 2022 Market Highlights report reveals that stock markets declined by 20% in market capitalisation and 10% in value traded in 2022, interrupting the positive trend observed in the two previous years.

TradeSun has made senior appointments across the US, APAC region and Europe as the company, a leader in AI-driven trade automation and compliance, continues its global expansion.

Synchrony, a leading consumer financial services company, has been recognized as one of India's Best Workplaces Building a Culture of Innovation by All 2023, ranking under top 50, by Great Place to Work® India. This recognition is a testament to Synchrony's people-first culture and commitment to fostering a positive and empowering work environment for its employees.

London-based fintech firm kennek has appointed Centropy PR to handle its external communications following a competitive pitch process.

The news comes following kennek’s $4.5 million pre-seed funding round as the company announced its expansion plans. The funding round was led by Dutch Founders Fund, ffVC and Plug and Play Ventures.

Fintechcashier, a London-based fintech company, is pleased to announce its attendance at the upcoming Fintech Meetup to be held at the Aria in Las Vegas next week. The event promises to provide the FinTech industry's best and most trusted content, created and delivered by more than 175 subject matter experts across 11 tracks and 60 sessions.

White Clay, a company that helps community and regional financial institutions improve relationships and increase revenue, announced its partnership with Axiom Bank, N.A.

On Thursday, March 9, 2023, tens of thousands of companies that had all of their assets in Silicon Valley Bank (SVB) accounts went into a state of panic. Cash they depended on to make payroll and pay critical bills disappeared, as the 16th largest bank in the United States by assets defaulted.

Merkeleon, a leading B2B crypto software company, today announces the results of its long-term partnership with Sumsub, an all-in-one verification platform, and what’s in store for the future.

Xapo Bank, a leading Bitcoin custodian and licensed private bank, today announced that it has integrated with the Faster Payment System (FPS) to offer 24/7 - 365 zero-fee fund settlement in the United Kingdom and overseas territories.