Latest news headlines: Finextra Research

Visa invests in stablecoin startup BVNK

Visa Ventures has made a strategic investment in stablecoin infrastructure platform BVNK.

2 mins

CFPB to revisit open banking rule

In its latest about-turn under the Trump administration, the Consumer Financial Protection Bureau is preparing to reopen its recently finalised open banking rule, according to Bloomberg Law.

1 hour

/startups

Stripe alumni raise €10.7 million for business identity startup

Duna, a business identity startup founded by former Stripe staffers, has raised €10.7 million in a Seed funding round led by Index Ventures.

4 hours

/payments

Klarna hits 11 million UK customers

Swedish BNPL giant Klarna has crossed 11 million active customers in the UK and has doubled its merchant base in a year to 60,000,

5 hours

/retail

XData Group to go public on Nasdaq via blank check merger

Estonian banking technology provider XData is to go public on the Nasdaq market via a Spac merger with blank-check firm Alpha Star Acquisition Corporation.

5 hours

/wholesale

JPMorgan shuts platform that connected founders with investors

JPMorgan Chase has shut down Capital Connect, the platform it launched in 2022 to help startups link up with VC investors.

15 hours

/payments

UK FS players agree to fund delivery of commercial VRPs

A group of 31 players in the open banking and payments industries has committed to fund efforts to create a new company that will bid to put Variable Recurring Payments on a viable commercial footing in the UK.

21 hours

/payments

PayPal launches contactless mobile wallet in Germany

PayPal's long-running effort to crack the high street continues with the launch in Germany of a contactless mobile wallet that lets users pay instore and in instalments with a tap of their phone.

05 May 2025

/retail

Egypt's MoneyFellows raises $13m for digital money circles

Egyptian fintech Money Fellows has raised $13 million for its mobile-based platform for money circles - where a group of people put funds into a pot for a specific period so that they can save and borrow together.

05 May 2025

/crypto

ECB onboards private sector firms to digital euro innovation platform

The European Central Bank is stepping up preparatory work on a digital euro, opening an innovation platform where nearly 70 private sector market participants can explore functionalities and use cases.

05 May 2025

/crypto

FCA plans ban on buying crypto on credit

The UK's Financial Conduct Authority is exploring whether to ban Brits from using credit to buy cryptoassets.

02 May 2025

/wealth

IFGS 2025: Is it time for wealthtech to take the stage?

At IFGS 2025, the panel discussion ‘The great wealth transfer: wealthtech’s time to shine’ focused on the evolving nature of wealth management, and how digitalisation, personalisation, and creative partnerships are key to scale up wealthtechs.

02 May 2025