Press
Celero Commerce Acquires Petroleum Processing Solutions
Celero Commerce, a financial technology company focused on optimized payment solutions for small to mid-sized businesses and strategic partners, today announced the acquisition of substantially all the assets of Petroleum Processing Solutions, a Massachusetts-based payments provider specializing in pay-at-the-pump and multi-lane retail solutions for independent fuel and convenience merchants nationwide. This acquisition marks a strategic entry into the fuel sector, building directly on Celero’s 2024 acquisition of Precision Payments, a recognized leader in grocery and convenience store processing. Together, these moves establish Celero as a formidable competitor and preferred provider across fuel, convenience, and grocery retail verticals which represent high-growth, operationally complex segments where specialized technology,
Capital Markets Tech / WealthTech
RQD Lands $74M as Clearing Infrastructure Race Heats Up
RQD Clearing, the U.S. institutional clearing firm that built its entire clearing operation from scratch rather than layering on top of legacy systems, has
Chart Of The Week
Nayax Doubles Down on Unattended Payments with $350M IPS Group Deal
Nayax (NASDAQ: NYAX) announced on August 25, 2026, that it signed a definitive agreement to acquire IPS Group for $350 million in cash and
Blockchain
Fomo Acquires Mobula Technology to Bring Critical On-Chain Infrastructure In-House
fomo, the New York-based social-first on-chain CRYPTO trading platform that has surpassed 1.9 million users and is on pace to exceed $2.8 billion in
E-commerce
Owner Raises $240M Led by Goldman Sachs Alternatives to Build the AI-Native Platform for Every Local Business
Owner, the San Francisco-based FINTECH AI platform that serves as an AI CMO and CTO for local businesses, has raised $240 million at a
Embedded Finance
FIS Launches Embedded Banking Platform, Letting Banks Deliver Accounts and Payments Inside Business Software
FIS, the global financial services technology leader, has launched the FIS Embedded Banking Platform, its first EMBEDDED FINANCE offering built specifically for banks, enabling
Fintech AI
Lunar Founders Launch AI-Native Audit Startup Repodo With €8.2M Pre-Seed
Repodo, a newly launched Copenhagen-based audit firm founded by the team behind Nordic digital bank Lunar, has raised €8.2 million in pre-seed funding, described by
IDV / AML / KYB / Biometrics
Socure Raises $156M at $5.2B Valuation, Acquires Agentic AI Platform Fravity
Socure, an AI-native identity, fraud, and risk platform, has raised $156 million in strategic growth funding at a $5.2 billion valuation and acquired Fravity, an
Stablecoins
Goldman Sachs, BofA, Others Plan to Issue Dollar Stablecoin Together for 2027
A consortium of 21 financial institutions, including Goldman Sachs, Bank of America, Citi, Wells Fargo, Fidelity Investments, UBS, Deutsche Bank, Santander, BBVA, and MUFG Bank,
Open Banking
TabaPay Closes $155 Million Strategic Growth Financing Led by FTV Capital and Announces Planned Acquisition of Transact Bank
TabaPay, the Palo Alto-based money movement platform that serves one-third of American households and is on track to process more than $100 billion in 2026,
Payments
WhatsApp Remittance Startup Félix Secures $200M Series C Led By A16z, General Catalyst
Félix, the Miami-based AI-powered WhatsApp remittance platform for Latino immigrants founded in 2020 by Manuel Godoy and Bernardo García, has raised $200 million in
PropTech
GI Partners Acquires Majority Stake in Otodata as IoT Platform Monitors 3.5+ Million Tanks Globally
GI Partners, the San Francisco-based alternative investment firm with more than $50 billion raised since 2001 across private equity, real estate, and data infrastructure
AML
Socure Raises $156M at $5.2B Valuation, Acquires Agentic AI Platform Fravity
Socure, an AI-native identity, fraud, and risk platform, has raised $156 million in strategic growth funding at a $5.2 billion valuation and acquired Fravity, an
Specialty Finance / LendTech
Velocity Financial Acquires Toorak Capital’s Lending Platform in $3.2B Deal
Velocity Financial, a publicly traded real estate financing firm, has entered a definitive agreement to acquire the operating platform of Toorak Capital, a business-purpose
InsurTech
Weave to be Acquired by Francisco Partners in Strategic Fintech Move
Weave Communications (NYSE: WEAV), theINSURTECH leading patient engagement and PAYMENTS platform purpose-built for healthcare practices, has agreed to be acquired by Francisco Partners at
WealthTech
Standard Metrics Raises $20M Series B to Scale AI-Driven Portfolio Management
Standard Metrics, a San Francisco-based AI-driven portfolio management platform for venture capital and private equity firms, has raised $20 million in Series B funding
Press
Fintech Investment Bank Wellesley Hills Financial Expands Capabilities with New Executive Advisors
Announces addition of two recognized fintech and payments leaders to the team NEWTON, Mass.–(BUSINESS WIRE)–Wellesley Hills Financial, a global investment bank and strategic advisory
Week's Most Interesting
Capital Markets Tech
RQD Lands $74M as Clearing Infrastructure Race Heats Up
RQD Clearing, the U.S. institutional clearing firm that built its entire clearing operation from scratch rather than layering on top of legacy systems, has
Chart Of The Week
Nayax Doubles Down on Unattended Payments with $350M IPS Group Deal
Nayax (NASDAQ: NYAX) announced on August 25, 2026, that it signed a definitive agreement to acquire IPS Group for $350 million in cash and is
Crypto
Fomo Acquires Mobula Technology to Bring Critical On-Chain Infrastructure In-House
fomo, the New York-based social-first on-chain CRYPTO trading platform that has surpassed 1.9 million users and is on pace to exceed $2.8 billion in monthly
Embedded Finance
FIS Launches Embedded Banking Platform, Letting Banks Deliver Accounts and Payments Inside Business Software
FIS, the global financial services technology leader, has launched the FIS Embedded Banking Platform, its first EMBEDDED FINANCE offering built specifically for banks, enabling U.S.
E-commerce
Owner Raises $240M Led by Goldman Sachs Alternatives to Build the AI-Native Platform for Every Local Business
Owner, the San Francisco-based FINTECH AI platform that serves as an AI CMO and CTO for local businesses, has raised $240 million at a $2.3
Fintech AI
Lunar Founders Launch AI-Native Audit Startup Repodo With €8.2M Pre-Seed
Repodo, a newly launched Copenhagen-based audit firm founded by the team behind Nordic digital bank Lunar, has raised €8.2 million in pre-seed funding, described
IDV / AML / KYB / Bioemetrics
Socure Raises $156M at $5.2B Valuation, Acquires Agentic AI Platform Fravity
Socure, an AI-native identity, fraud, and risk platform, has raised $156 million in strategic growth funding at a $5.2 billion valuation and acquired Fravity, an
Wealthtech
Standard Metrics Raises $20M Series B to Scale AI-Driven Portfolio Management
Standard Metrics, a San Francisco-based AI-driven portfolio management platform for venture capital and private equity firms, has raised $20 million in Series B funding
Open Banking
TabaPay Closes $155 Million Strategic Growth Financing Led by FTV Capital and Announces Planned Acquisition of Transact Bank
TabaPay, the Palo Alto-based money movement platform that serves one-third of American households and is on track to process more than $100 billion in 2026,
Payments
WhatsApp Remittance Startup Félix Secures $200M Series C Led By A16z, General Catalyst
Félix, the Miami-based AI-powered WhatsApp remittance platform for Latino immigrants founded in 2020 by Manuel Godoy and Bernardo García, has raised $200 million in
GI Partners Acquires Majority Stake in Otodata as IoT Platform Monitors 3.5+ Million Tanks Globally
GI Partners, the San Francisco-based alternative investment firm with more than $50 billion raised since 2001 across private equity, real estate, and data infrastructure strategies,
Insurtech
Weave to be Acquired by Francisco Partners in Strategic Fintech Move
Weave Communications (NYSE: WEAV), theINSURTECH leading patient engagement and PAYMENTS platform purpose-built for healthcare practices, has agreed to be acquired by Francisco Partners at an
Specialty Finance / LendTech
Velocity Financial Acquires Toorak Capital’s Lending Platform in $3.2B Deal
Velocity Financial, a publicly traded real estate financing firm, has entered a definitive agreement to acquire the operating platform of Toorak Capital, a business-purpose lending