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Kapital doubles valuation to become Latin America's first AI unicorn

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Kapital doubles valuation to become Latin America's first AI unicorn

Mexico City-based AI-powered platform for small and medium-sized businesses (SMBs) Kapital has raised up to $100 million in a Series C funding round that doubles the firm's valuation to $1.3 billion.

PayPal leads funding round in agentic AI firm Kite

/startups

PayPal leads funding round in agentic AI firm Kite

PayPal Ventures has led an $18 million funding round in Kite, a company building the trust infrastructure for AI-generated autonomous payments.

Fintech venture builder OT09 emerges from stealth

/startups

Fintech venture builder OT09 emerges from stealth

0TO9, a pan-European fintech venture builder and investor backed by an all-star team of serial entrepreneuers, has emerged from stealth with the ambition to start and scale 1,000 profitable fintechs by 2045.

Stablecoin startup Obita raises $10m

/startups

Stablecoin startup Obita raises $10m

Hong Kong-based stablecoin-powered cross-border payments infrastructure provider Obita has raised over $10 million in an angel funding round.

Fintech pioneers unite to build bank for high net worth individuals

/startups

Fintech pioneers unite to build bank for high net worth individuals

A group of well-known fintech pioneers behind the likes of Monzo, Starling and Nutmeg are launching a bank for high net worth individuals.

TransBnk secures $25 million in funding from Bessemer Venture Partners - Techcrunch

/startups

TransBnk secures $25 million in funding from Bessemer Venture Partners - Techcrunch

Combined with this most recent funding, TransBnk has raised around $26 million in total, increasing its valuation seven times according to the Indian startup's leadership team.

Turkish investment app Midas raises $80m

/startups

Turkish investment app Midas raises $80m

Istanbul-based retail investing startup Midas has raised $80 million in Series B funding led by QED Investors.

Casca raises $29m for AI-based loan origination platform

/startups

Casca raises $29m for AI-based loan origination platform

AI-native loan origination platform Casca has raised $29 million in a Series A funding round led by Canapi Ventures.

Blueacorn co-founder pleads guilty to PPP fraud scheme

/startups

Blueacorn co-founder pleads guilty to PPP fraud scheme

Since the CARES Act was enacted in March 2020, 200 defendants in more than 130 criminal cases have been prosecuted and over $78 million in cash proceeds derived from fraudulently obtained PPP funds have been seized, in addition to several real estate properties and luxury items purchased with the proceeds.

Revolut and Wise alumni raise $3 million for blockchain payments startup

/startups

Revolut and Wise alumni raise $3 million for blockchain payments startup

Founed by Revolut and Wise alumni, blockchain-based cross-border money transfer startup Riva Money has raised a pre-seed round from Project A as well as angels from Revolut, Monzo and JPMorgan.

Spend management startup Stavtar secures $55m funding boost

/startups

Spend management startup Stavtar secures $55m funding boost

Stavtar Solutions, a US-based startup with a SaaS platform for expense allocations and spend management, has completed a series A funding round worth $55m

BVI survey attempts to woo cross-border fintechs

/startups

BVI survey attempts to woo cross-border fintechs

Fintech’s international expansion plans are being thwarted by a fragmented regulatory landscape, according to recently published research designed to promote the role of international finance centres (IFCs).

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