Rain, the enterprise-grade infrastructure for stablecoin-powered payments, today announced a $250 million Series C funding round led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst. The round values Rain at $1.95 billion, brings the company's total funding to over $338 million, and comes just four months after its Series B and 10 months after its Series A.

HabitTrade has completed a Series A funding round of nearly $10 million, led by Newborn Town Inc., with participation from Bright Venture Capital, StableStock, and other investors. The proceeds will be used to strengthen brokerage services, enhance compliance and risk-control capabilities, and support global market expansion.

Majesco, a leader in cloud-native and AI-native insurance technology for the P&C and L&AH markets, today announced the close of its previously announced acquisition of Vitech, a provider of cloud-native pension and benefits administration solutions. The transaction expands Majesco’s leadership into the Group & Benefits and Pension & Retirement segments and strengthens its position as the category leader for next-generation core platforms.

Zodia Custody, the institution-first digital assets platform with shareholders and investors including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, today announced that it is the first global custodian to offer custody support for AUDM, the Australian dollar-backed stablecoin issued by Macropod – Australia’s first licensed stablecoin issuer.

Insurity, one of the largest software providers to the property and casualty insurance industry, today announced the appointment of Jatin Atre as President. Atre will lead the company’s growth strategy and AI-powered transformation of its policy, billing, claims, and analytics platforms, enabling insurers to automate complex processes, unlock data-driven insights, and compete more effectively in a rapidly evolving market.

PensionBee, a leading online retirement savings provider, has warned that millions of people in the UK are heading towards retirement incomes far below what is commonly understood to be adequate, in its response to the All-Party Parliamentary Group (APPG) call for evidence on Income in Retirement.

ITRS, a leading provider of real-time IT monitoring and observability solutions for financial services and regulated industries, today announced it has signed a definitive agreement to acquire IP-Label, a premier Digital Experience Monitoring (DEM) provider headquartered in France. The acquisition strengthens ITRS's DEM capabilities and significantly expands its European market presence. 

Paychex, Inc., an industry-leading human capital management (HCM) company, announced today a new partnership with PayPal within its Paychex Flex® Perks platform, Paychex’s digital marketplace of curated employee benefits. Through this collaboration, employees of Paychex customers have the ability to easily set up PayPal Direct Deposit, providing up to two-day early access to their paychecks.

Fiserv, Inc., a leading global provider of payments and financial services technology, today announced a strategic collaboration with Microsoft to accelerate innovation by further embedding AI into Fiserv development platforms and empowering its global workforce with AI. The collaboration will boost internal productivity at Fiserv and deliver AI-driven solutions that create greater value for Fiserv clients, including financial institutions, businesses, and consumers.

SIFMA today announced Todd Klessman has been hired as Managing Director, Financial Services Cyber & Technology. In this role, he will serve as a staff advisor for Business Continuity Planning and Cybersecurity and will also provide support for the Operations and Technology Committee. His responsibilities will include identifying and addressing key business, risk, and regulatory issues for the financial services industry and advocating the industry’s position on key issues to both regulatory and government agencies.