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.

FinTech Australia is calling on the Federal Government, as part of its 2026–27 Pre-Budget Submission, to broaden its procurement pipeline to better include fintechs and small and medium businesses. In addition, to recalibrate existing funding mechanisms – including venture capital tax concessions, superannuation settings and the Research and Development Tax Incentive – to create stronger, more predictable funding pathways for emerging fintechs.

Basware, a global leader in Invoice Lifecycle Management (ILM), has unveiled new AI agents in its ILM platform to transform invoice processing and make accounts payable even more autonomous. The launch makes the future of intelligent finance a reality, today. 

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Adam Watson has joined the firm as Managing Director and Head of Asset Services.

Merchants are facing an increasingly sophisticated landscape of digital threats, with payment fraud losses in the UK reaching a staggering £1.17 billion in 2024 alone.

Cross-border payments company, Currenxie, has today launched its business account solution in the UK for SMEs looking to transact globally and enter new markets. 

Currenxie, a fintech company founded in 2014, specialises in simplifying global payments for businesses. The company provides comprehensive solutions for SMEs when collecting, exchanging, and sending money worldwide.