Stitch, the unified platform for launching and scaling financial products, today announced the successful closing of a $10 million seed round. The Saudi Arabia headquartered company attracted investments from leading investors including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. The round has also had participation from various family offices and industry veterans including Marqeta's founder Jason Gardner, and Abdulmalik AlSheikh who previously led the establishment of critical payment networks such as mada and Sadad in the KSA.

The future of commerce in Asia Pacific is on display at the Visa Asia Pacific Media Showcase, where the company announced a suite of product innovations and strategic partnerships to enable a new era of commerce for the region.

Monarch has announced the successful raise of $75 million in Series B financing. The round was co-led by Wesley Chan of FPV Ventures and Eurie Kim of Forerunner Ventures, with participation from existing investors Menlo Ventures, Accel, SignalFire, and Clocktower Ventures.

Wirex Limited, a UK regulated- payments platform and card issuer, has appointed Chet Shah as its new Chief Executive Officer.

After three transformative years as the Chief Risk & Compliance Officer (CRCO) - during which he built a best-in-class team and significantly strengthened the firm's risk and compliance functions - Chet will now lead the company into a new era of growth, responsibility, and innovation.

Robocash analysts have identified six key factors influencing the profitability of the European P2P market. According to the results, wage and GDP growth has the most importance here.

The average yield of the European P2P market in 2024 ranged from 5.41% to 15.73%. 

Robocash analysts have determined that more than 95% of the variation in rates can be explained by six parameters. 

Emily Turner will officially become CEO of HSBC Innovation Banking UK from 1 June, after receiving regulatory approval.

Emily joined HSBC Innovation Banking UK in February 2025 as incoming CEO and has spent the past few months getting to know the business, meeting clients, and engaging with colleagues.

Interim CEO, Simon Bumfrey, will resume his role as Head of Banking at HSBC Innovation Banking UK.

Amazon Web Services (AWS), an Amazon.com company, today announced that bolttech, a Singapore-headquartered international insurtech company, is implementing AWS’s generative artificial intelligence (Gen AI) solutions across their customer- and internal-workflows, enhancing operational efficiency and customer experiences while reducing costs.  

Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), today announced the global expansion of Sage Embedded Services. 

Irdeto, the world leader in digital platform security, today announced a partnership with Coinbase, the leading cryptocurrency platform in the United States.