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
Wells Fargo Is Making a Move on Crypto, and Kraken Could Be the Key
Wells Fargo is reportedly in talks with Payward, the parent company of crypto exchange Kraken, for Payward to supply liquidity for digital assets trading,
Chart Of The Week
Visa Receives Pre Approval for Domestic Bank Card Clearing in China
On October 13, 2026, Visa announced that the People’s Bank of China (PBOC) approved its “Application to Prepare” to establish a local bank card
Blockchain
Navra Secures $19M Series A
Navra, a Las Vegas-based startup founded by SoFi and Figure co-founder Mike Cagney and June Ou, has officially launched alongside an oversubscribed $19 million
E-commerce
J.P. Morgan Payments Powers Mercado Libre’s Global Selling Expansion
Mercado Libre, the leading ecommerce platform in Latin America, has selected J.P. Morgan Payments and its Embedded Payments solution to support its Global Selling
Embedded Finance
Cross River Puts $50M Behind GoodLeap’s Home Equity Card
Cross River Bank, an embedded finance technology provider and FDIC member, has committed a $50 million revolving credit facility, arranged through its Principal Finance
Fintech AI
Primer Raises $100M Series C to Scale AI Payments Platform
Primer, a payment orchestration infrastructure provider founded in 2020 by former PayPal and Braintree leaders, has raised a $100 million Series C led by Sofina,
IDV / AML / KYB / Biometrics
US Lawmakers Revive Broader Federal Biometric Surveillance Moratorium
A group of Democratic lawmakers has reintroduced the Facial Recognition and Biometric Technology Moratorium Act, legislation that would make it unlawful for a federal agency
Stablecoins
Fission Raises $10M to Unlock Liquidity for Tokenized Funds
Fission, a blockchain-powered fintech building liquidity infrastructure for tokenised investment funds, has raised a $10 million Series A led by Pantera Capital, with participation from
Open Banking
TrueLayer Targets Growth in Italy With $27M Investment Led by CDP Venture Capital
TrueLayer, the London-based open banking payments company, has received a $27 million investment led by CDP Venture Capital, the venture arm of Italian public development
Payments
Toast Launches Fuel SaaS Platform as Walmart Preps Tap-to-Pay at Gas Pumps
Toast, the Boston-based restaurant and retail technology platform, has launched Toast Fuel, a set of capabilities that lets fuel operators and convenience stores run
PropTech
Vesta Lands $30M Series B
Vesta, a San Francisco mortgage tech company that builds an AI-native loan origination system (LOS), has raised a $30 million Series B led by
AML
US Lawmakers Revive Broader Federal Biometric Surveillance Moratorium
A group of Democratic lawmakers has reintroduced the Facial Recognition and Biometric Technology Moratorium Act, legislation that would make it unlawful for a federal agency
Specialty Finance / LendTech
ID Finance Arranges €545M in Debt and Equity for Credit Platform Plazo
ID Finance, a Barcelona-based specialty finance group, has closed €545 million in combined debt and equity for Plazo, its consumer finance platform in Spain,
InsurTech
Ledgebrook Raises $200M in Primary Equity Financing Co-Led by Allianz X to Scale AI-Native Specialty Insurance Platform
Ledgebrook, a Boston-based AI-native specialty insurtech, has raised $200 million in primary equity financing co-led by Allianz X, the strategic investment arm of the
WealthTech
Ridgeline Raises $250M Series E, Valuing AI-Native Fintech at $1.425 Billion
Ridgeline, an AI-native investment management platform, has raised $250 million in an invitation-only Series E round led by founder and chairman Dave Duffield, valuing
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
Wells Fargo Is Making a Move on Crypto, and Kraken Could Be the Key
Wells Fargo is reportedly in talks with Payward, the parent company of crypto exchange Kraken, for Payward to supply liquidity for digital assets trading,
Chart Of The Week
Visa Receives Pre Approval for Domestic Bank Card Clearing in China
On October 13, 2026, Visa announced that the People’s Bank of China (PBOC) approved its “Application to Prepare” to establish a local bank card clearing
Crypto
Navra Secures $19M Series A
Navra, a Las Vegas-based startup founded by SoFi and Figure co-founder Mike Cagney and June Ou, has officially launched alongside an oversubscribed $19 million Series
Embedded Finance
Cross River Puts $50M Behind GoodLeap’s Home Equity Card
Cross River Bank, an embedded finance technology provider and FDIC member, has committed a $50 million revolving credit facility, arranged through its Principal Finance Group,
E-commerce
J.P. Morgan Payments Powers Mercado Libre’s Global Selling Expansion
Mercado Libre, the leading ecommerce platform in Latin America, has selected J.P. Morgan Payments and its Embedded Payments solution to support its Global Selling program,
Fintech AI
Primer Raises $100M Series C to Scale AI Payments Platform
Primer, a payment orchestration infrastructure provider founded in 2020 by former PayPal and Braintree leaders, has raised a $100 million Series C led by
IDV / AML / KYB / Bioemetrics
US Lawmakers Revive Broader Federal Biometric Surveillance Moratorium
A group of Democratic lawmakers has reintroduced the Facial Recognition and Biometric Technology Moratorium Act, legislation that would make it unlawful for a federal agency
Wealthtech
Ridgeline Raises $250M Series E, Valuing AI-Native Fintech at $1.425 Billion
Ridgeline, an AI-native investment management platform, has raised $250 million in an invitation-only Series E round led by founder and chairman Dave Duffield, valuing
Open Banking
TrueLayer Targets Growth in Italy With $27M Investment Led by CDP Venture Capital
TrueLayer, the London-based open banking payments company, has received a $27 million investment led by CDP Venture Capital, the venture arm of Italian public development
Payments
Toast Launches Fuel SaaS Platform as Walmart Preps Tap-to-Pay at Gas Pumps
Toast, the Boston-based restaurant and retail technology platform, has launched Toast Fuel, a set of capabilities that lets fuel operators and convenience stores run
Vesta Lands $30M Series B
Vesta, a San Francisco mortgage tech company that builds an AI-native loan origination system (LOS), has raised a $30 million Series B led by existing
Insurtech
Ledgebrook Raises $200M in Primary Equity Financing Co-Led by Allianz X to Scale AI-Native Specialty Insurance Platform
Ledgebrook, a Boston-based AI-native specialty insurtech, has raised $200 million in primary equity financing co-led by Allianz X, the strategic investment arm of the Allianz
Specialty Finance / LendTech
ID Finance Arranges €545M in Debt and Equity for Credit Platform Plazo
ID Finance, a Barcelona-based specialty finance group, has closed €545 million in combined debt and equity for Plazo, its consumer finance platform in Spain, in