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Capitolis Announces Strategic Investments

Capitolis, the financial technology company, today announced additional strategic investments from leading global banks and venture capital firms. New bank investors Barclays and BNP Paribas join J.P. Morgan, an existing Capitolis investor, as well as Citi, Morgan Stanley, State Street, and UBS—all of which previously invested in this round.

Friday, August 8, 2025 - 14:40
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Financial IT
Rillet Raises $70M to Replace 20th-Century Accounting Software With AI-Native ERP Built by Accountants

Rillet, the AI-native ERP (enterprise resource planning) platform built for modern finance teams, today announced a $70 million Series B co-led by Andreessen Horowitz and ICONIQ with participation from Sequoia, Oak HC/FT and earlier investors. In conjunction with the new funding, Andreessen Horowitz General Partner Alex Rampell and ICONIQ General Partner Seth Pierrepont are joining the board.

Friday, August 8, 2025 - 14:31
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Financial IT
Casap Raises $25M Series A to Revolutionize Payment Disputes With AI and Eliminate First Party Fraud Losses

Casap, the leader in intelligent automation for dispute and fraud operations, has raised $25 million in Series A funding led by Emergence Capital, with participation from Lightspeed Venture Partners, Primary Venture Partners, SoFi and others. This brings Casap’s total funding to $33.5 million and sets a new record for venture investment in the payment disputes category.

Friday, August 8, 2025 - 14:25
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Financial IT
Ledgible and BitGo Partner to Empower Institutional Crypto Clients With End-to-End Tax Compliance Solutions

Ledgible, the leading digital asset tax and accounting platform for enterprises and institutions, today announced its partnership with BitGo, the leading infrastructure provider of digital asset solutions. The collaboration brings best-in-class tax reporting and compliance solutions to BitGo clients, rounding out BitGo’s offering with full tax lifecycle support.

Friday, August 8, 2025 - 14:15
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Financial IT
Wirex Integrates tGBP, Bringing Regulated Tokenised GBP to 6 Million Users

Wirex, a global leader in Web3 payments and digital finance, has announced the integration of tGBP – a fully backed, on-chain representation of the British Pound Sterling – into its platform. This move enables over six million users across 130+ countries to access and transact with a regulated, fiat-pegged digital pound issued by a UK-based, FCA-registered cryptoasset firm.

Friday, August 8, 2025 - 14:07
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Financial IT
GPT 5.0 Launch Sparks Fresh Concern for Finance Teams Battling AI-Driven Expense Fraud

As the world reacts to the launch of GPT-5.0, a new survey from spend management leader, Medius, reveals a mounting crisis for finance professionals already struggling to detect AI-generated expense fraud. With nearly a third (32%) of respondents admitting they wouldn’t recognize a fake expense report if it came across their desk, the arrival of a more powerful generative AI model threatens to only widen an already dangerous gap in business defences.

Friday, August 8, 2025 - 14:03
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Financial IT
Digital Lending Gets Smarter: TruStage Modernizes Lending Protection With Simplified, Real-Time Solution

TruStage™, a leading insurance and financial services provider, announced key enhancements to the digital lending process, simplifying the insurance experience for both the borrower and their financial institution. The updated digital purchase solution gives customers the ability to opt-in to payment protection directly within their loan application, automatically integrating protection into loan documents.

Friday, August 8, 2025 - 14:00
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Financial IT
FCA Sets Out Changes to Payment Safeguarding Rules

Safeguarding means that customer money must be kept separate from the firm’s own money so that it is available to be returned if the firm fails.

Friday, August 8, 2025 - 13:12
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Financial IT
Socure and Baselayer Partner to Deliver Next-Gen Business Identity Verification via RiskOS™

Socure, the leading provider of AI-powered digital identity verification, compliance, and fraud prevention solutions, today announced a strategic partnership and integration with Baselayer, the market-leading Business Identity, Credit, and Fraud provider. By embedding Baselayer's high-fidelity business verification and fraud signals into the RiskOS™ platform, the partnership enables Socure customers to onboard 100% of good business applications.

Friday, August 8, 2025 - 13:08
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Financial IT
Brex Secures EU Payment Institution License, Unlocking Next Phase of Global Expansion

Brex, the intelligent finance platform, today announced that it has secured its Payment Institution (PI) license in the European Union, via the Netherlands. This marks a significant step in Brex's mission to serve high-growth businesses across key international markets where they currently operate.

Friday, August 8, 2025 - 13:02
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Financial IT

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