Press
Wellesley Hill Financial, LLC Served as Exclusive Sell-side Advisor to Dealer Merchant Services (DMS) in its Sale to Priority Technology Holdings
Priority has acquired the assets as joint venture with Dealer Merchant Services (DMS), a Dallas-based company specializing in credit card payment processing for auto dealerships. DMS is one of the fastest growing companies in the country landing at #120 on the Inc 5000 list and #9 in financial services. Their team of 40 has over 450 years in automotive expertise, supporting over 1000 dealerships nationwide, and has exclusive endorsements from 17 state dealer associations, giving it unique access to thousands of auto retailers. With this acquisition, Priority is entering a new vertical market shaped by a clear industry trend: Americans are holding on to their cars
Capital Markets Tech / WealthTech
Schwab to Buy Forge Global to Boost Private Markets Offering
Schwab, a discount brokerage firm providing investment and banking services to retail investors, is acquiring Forge Global for $660 million in cash to expand
Chart Of The Week
Visa and Mastercard: Interchange Under Fire
Visa and Mastercard recently reached a revised settlement in a long-running antitrust lawsuit with U.S. merchants over interchange fees. These fees represent the lion’s
Blockchain
Stripe Backed Tempo Announces Investment in Crypto Infrastructure Firm Commonware
Tempo, a Stripe-backed fintech firm, made its first major venture move with a $25M investment in Commonware, an open-source blockchain infrastructure firm known for
E-commerce
Gopuff, the Instant Commerce Leader, Raises a $250 Million Funding Round Led by Eldridge Industries
Gopuff, the leader in instant commerce, raised a $250 million round led by Eldridge and Valor, supported by major existing and new investors, following
Embedded Finance
Froda Partners With Triffin to Unlock £100M in Financing for UK Consumer Brands
Froda, a Swedish embedded finance firm, has partnered with UK-based AI finance platform Triffin to provide up to £100 million in data-driven working capital
Fintech
UK Insurtech Marshmallow Raises $90M
U.K. fintech and insurtech startup Marshmallow has raised $90 million in debt and equity in a round led by Portage Capital, with participation from BlackRock
IDV / AML / KYB / Biometrics
Apple Launches Digital IDs Based on US Passports to Wallet
Apple has introduced Digital IDs in Apple Wallet based on U.S. passports, allowing users to verify their identity at TSA checkpoints in 250 airports using
Investment - M&A
Rex Software, Cirrus8 and RealTrust Merge to Create Industry Leader
Rex Software has joined forces with Cirrus8 and RealTrust Property Accounting Solutions to create a leading real estate software and solutions provider for residential and
Open Banking
JPMorgan Chase Secures Data-Access Fees From Fintech Firms
JPMorgan Chase has finalized deals with major data aggregators such as Plaid, Yodlee, Morningstar and Akoya, securing payments for granting fintech companies access to its
Payments
Alibaba Taps JPMorgan To Build Stablecoin-Like Payments System for Its $35B Commerce Network
Alibaba is developing a tokenized global payments network, functionally similar to a stablecoin system, using JPMorgan’s tokenization technology to simplify cross-border B2B transactions across
PropTech
Amenitiz Raises $45M to Empower Independent Hotels With AI-Driven Management Tools
Amenitiz, the integrated software platform designed specifically for independent hotels and smaller properties, raised a $45M Series B led by Kfund’s Leadwind fund to
Saas
Fifteenth Announces $8.25 Million in Seed Funding to Help Tech Professionals Navigate Complex Taxes with Ease and Automation
Fifteenth, a tax solution designed for tech professionals with complex financial situations, has secured $8.25 million in seed funding led by A* and General Catalyst.
Specialty Finance / LendTech
Zilch Secures $175m Raise Ahead of Potential 2026 IPO
Zilch, UK-based consumer payments platform, has raised over $175 million in new debt and equity financing—led by KKCG and supported by BNF Capital and
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
Schwab to Buy Forge Global to Boost Private Markets Offering
Schwab, a discount brokerage firm providing investment and banking services to retail investors, is acquiring Forge Global for $660 million in cash to expand
Chart Of The Week
Visa and Mastercard: Interchange Under Fire
Visa and Mastercard recently reached a revised settlement in a long-running antitrust lawsuit with U.S. merchants over interchange fees. These fees represent the lion’s share
Crypto
Stripe Backed Tempo Announces Investment in Crypto Infrastructure Firm Commonware
Tempo, a Stripe-backed fintech firm, made its first major venture move with a $25M investment in Commonware, an open-source blockchain infrastructure firm known for its
Embedded Finance
Froda Partners With Triffin to Unlock £100M in Financing for UK Consumer Brands
Froda, a Swedish embedded finance firm, has partnered with UK-based AI finance platform Triffin to provide up to £100 million in data-driven working capital to
E-commerce
Gopuff, the Instant Commerce Leader, Raises a $250 Million Funding Round Led by Eldridge Industries
Gopuff, the leader in instant commerce, raised a $250 million round led by Eldridge and Valor, supported by major existing and new investors, following its
Fintech
UK Insurtech Marshmallow Raises $90M
U.K. fintech and insurtech startup Marshmallow has raised $90 million in debt and equity in a round led by Portage Capital, with participation from
Fraud/Risk Management
Apple Launches Digital IDs Based on US Passports to Wallet
Apple has introduced Digital IDs in Apple Wallet based on U.S. passports, allowing users to verify their identity at TSA checkpoints in 250 airports using
Investments - M&A
Rex Software, Cirrus8 and RealTrust Merge to Create Industry Leader
Rex Software has joined forces with Cirrus8 and RealTrust Property Accounting Solutions to create a leading real estate software and solutions provider for residential
Open Banking
JPMorgan Chase Secures Data-Access Fees From Fintech Firms
JPMorgan Chase has finalized deals with major data aggregators such as Plaid, Yodlee, Morningstar and Akoya, securing payments for granting fintech companies access to its
Payments
Alibaba Taps JPMorgan To Build Stablecoin-Like Payments System for Its $35B Commerce Network
Alibaba is developing a tokenized global payments network, functionally similar to a stablecoin system, using JPMorgan’s tokenization technology to simplify cross-border B2B transactions across
Amenitiz Raises $45M to Empower Independent Hotels With AI-Driven Management Tools
Amenitiz, the integrated software platform designed specifically for independent hotels and smaller properties, raised a $45M Series B led by Kfund’s Leadwind fund to expand
Saas
Fifteenth Announces $8.25 Million in Seed Funding to Help Tech Professionals Navigate Complex Taxes with Ease and Automation
Fifteenth, a tax solution designed for tech professionals with complex financial situations, has secured $8.25 million in seed funding led by A* and General Catalyst.
Specialty Finance / LendTech
Zilch Secures $175m Raise Ahead of Potential 2026 IPO
Zilch, UK-based consumer payments platform, has raised over $175 million in new debt and equity financing—led by KKCG and supported by BNF Capital and other