Limited, a next-generation fintech startup offering stablecoin-based premium global banking services, today announced it has raised a $3 million pre-seed funding round led by Third Prime, with participation from The House Fund and Arche Capital. The company, founded by Hussein Ahmed, aims to transform how businesses and consumers worldwide interact with money by merging the best of crypto technology with the familiarity of traditional banking—minus the institutional vulnerabilities seen in failing banks or centralized exchanges.

1. The beginning of the end for Direct Debits and Card on File?

Revolut, the global financial app with more than 50 million customers worldwide, has today announced expansion of its services to Ukrainians along with a new international donation campaign for Ukraine which features a special edition Clear Sky card.

DailyPay, a leading worktech platform powering daily opportunities for workers and their employers, has appointed Deepa Subramanian as Chief Financial Officer. Ken Brause, who served as Chief Financial Officer since November 2023 has been appointed Chief Administrative Officer. Both will report to DailyPay Chief Executive Officer Stacy Greiner and serve as members of her Executive Leadership Team.

Validus Risk Management, a leading software and tech-enabled services platform for financial risk management, today announced that it has secured a $45 million growth equity investment from FTV Capital, a sector-focused growth equity firm with a successful track record of investing in enterprise and financial technology.

Gemini has received in-principle approval in Malta for an Investment Firm license subject to the MFSA’s (Malta Financial Services Authorities) pre-authorisation requirements. Once granted, the licence will allow Gemini to offer regulated futures and options throughout the EU and EEA* under MiFID II (Markets in Financial Instrument Directive).

Klarna, the AI-powered global payments network and shopping assistant, has signed an agreement with J.P. Morgan Payments that will, for the first time, make Klarna’s Buy Now, Pay Later (BNPL) payment options available to businesses that rely on J.P. Morgan Payments for payment processing.

Zeta, a next-gen banking tech provider to financial institutions globally, today announced it has secured a $50 million investment from a strategic investor valuing it at $2 billion. Zeta had previously been valued at a pre-money valuation of $1.15 billion when it raised $250 million from Softbank Vision Fund 2 and other marquee investors in 2021.

Rimes, a leading provider of EDMaaS (enterprise data  management-as-a-service) and investment platform solutions to the global investment community, is pleased to  announce the appointment of Greg Nuckowski as Global Head of Professional Services. 

nCino, Inc., the leading provider of intelligent, best-in-class banking solutions, today announced the acquisition of Sandbox Banking, a digital transformation leader serving the financial services industry.