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/ai

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.

/payments

Airwallex buys OpenPay to take on Stripe Billing

Business payments outfit Airwallex is pitching itself directly against Stripe Billing through the acquisition of billing platform OpenPay. Financial terms of the deal were not disclosed.

/ai

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.

/payments

Majority of UK adults no longer carry a wallet or a purse

Research from UK ATM network Link reveals that fewer than half of UK adults carry a physical wallet as part of their day to day routine.

/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.

/sustainable

Sustainable Finance.Live 2025: Check out the agenda and speakers

Finextra’s annual Sustainable Finance.Live conference will return on 4 November 2025 at Events@No6 in London.

/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.

/crypto

Gemini files for IPO

Gemini, the cryptocurrency platform founded by twins Cameron and Tyler Winklevoss, has filed for an initial public offering, seeking a valuation of up to $2.22 billion.

/payments

Klarna launches debit card in Europe; files for US IPO

Klarna is bringing its debit card to Europe, providing consumers with the option to pay upfront or by installments both instore and online.

/payments

Zopa acquires payments automation firm Rvvup

UK digital bank Zopa has acquired Rvvup, a provider of AI-based checkout payment tools for B2B and B2C transactions.

/security

El Salvador splits bitcoin reserve into multiple wallets to protect from quantum attacks

El Salvador is to split its vast bitcoin reserves into multiple wallets to protect the holdings from a potential future quantum computing attack.

/wealth

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.