Payments

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after a hack.The platform is working with security experts to assess the...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
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Brikl: Raises $2.4M in Funding

Brikl, a Leuven, Belgium-based end-to-end 3D design and eCommerce software platform, secured $2.4m in growth funding Saffelberg Investments provided the funding The company...

ultimate.ai: Raises $20M in Series A Funding

ultimate.ai, a Helsinki, Finland- and Berlin, Germany-based company building a virtual customer service agent, raised $20M in Series A funding The round was...

ASC X9: Forms real-time payments study group

ASC X9 a non-profit organization accredited by the ANSI to develop and maintain national and through ISO international standards for the financial services...

Sourcegraph: Raises $50M in Series C Funding

Sourcegraph, a San Francisco, CA-based Universal Code Search company, secured $50m in Series C funding The round was led by Sequoia Capital. In...

Qred: Receives license to provide payment services

Qred helps small companies grow by providing fair and accessible financing Another step in the company's long-term expansion plan now complete with the...

Identitii: Raises $4M to speed-up sales

Fintech company Identitii (ID8) has received binding commitments to raise $4 million via an oversubscribed placement Roughly 27.5 million shares will now be...

Galaxy Resources: Raises $161M for lithium projects

Lithium miners Galaxy Resources (GXY) is looking to raise $161 million to fund lithium projects in Argentina and Canada The company is allowing...

Kredivo: Secures $100M Debt Facility from Victory Park Capital

Kredivo, a digital credit platform for retail borrowers across Indonesia, secured a debt facility of up to $100m from Victory Park Capital The...

Contour Venture Partners: Closes Fourth Seed Fund, at $82M

Contour Venture Partners, a New York City-based seed-stage venture capital firm, closed Contour Venture Partners IV, at $82m Additionally, the firm closed its...
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