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
ICE, OKX Form Crypto Joint Venture
Intercontinental Exchange and OKX have established a 50-50 joint venture to build next-generation infrastructure for CAPITAL MARKETS TECH and digitally native financial products, following
Chart Of The Week
WhatsApp Wants to Be Your Wallet: Why WhatsApp Just Hired India’s Most Exclusive Fintech
Meta’s (NASDAQ: META) appointment of Kunal Shah, founder of the Bengaluru-based fintech CRED, to head WhatsApp, alongside a $900 million investment in CRED at
Blockchain
On-Chain Trading App Fomo Raises $75m
fomo, the social-first on-chain trading app founded in 2025 by former dYdX engineers Paul Erlanger, Se Yong Park, and Prashan Dharmesena, has raised $75
E-commerce
Mollie Bets €350m on Borderless European Commerce
Mollie, the Amsterdam-headquartered E-COMMERCE business, has completed its full European Economic Area footprint with simultaneous launches in Croatia and Iceland, becoming operational across all
Embedded Finance
Nordic Capital To Merge Liberis And Qred To Form Unified SMB Lending Platform
Nordic Capital’s merger of Liberis and Qred creates a unified EMBEDDED FINANCE and direct SMB lending platform spanning 17 countries, 53,000+ active business customers,
Fintech AI
Taktile Raises $110 Million Series C Led by Goldman Sachs Alternatives
Taktile, the FINTECH AI transformation platform for banks and insurers, has raised $110 million in a Series C led by Growth Equity with participation from
IDV / AML / KYB / Biometrics
Incode Acquires Identiq to Establish Privacy-First Fraud Prevention Network
Incode’s acquisition of Identiq, a Tel Aviv-based startup that raised more than $50 million to develop patented cryptographic technology for peer-to-peer IDV signal sharing, establishes
Stablecoins
Ripple Takes Flutterwave Valuation to $3.3 Billion
Ripple has taken an equity stake in Flutterwave as part of Flutterwave’s ongoing Series E, valuing the Africa-based payments infrastructure company at $3.3 billion, returning
Open Banking
CFPB Preparing to Allow Big Bank Fees on Digital Transactions in Open Banking Rule
The CFPB is preparing a mid-July Notice of Proposed Rulemaking on its hotly contested OPEN BANKING rule 1033 that would allow banks to charge volume-based
Payments
Airwallex Secures $320 Million in Series H Funding, Valuation Hits $11 Billion
Airwallex has raised $320 million in a Series H led by returning investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe
PropTech
Nesto Raises $302M in Series E at $1.47B Valuation
nesto, Canada’s leading mortgage technology and financing platform, has raised CAD $302 million in a Series E at a CAD $1.47 billion valuation, bringing
AML
Incode Acquires Identiq to Establish Privacy-First Fraud Prevention Network
Incode’s acquisition of Identiq, a Tel Aviv-based startup that raised more than $50 million to develop patented cryptographic technology for peer-to-peer IDV signal sharing, establishes
Specialty Finance / LendTech
Parafin Announces New Credit Facility with Goldman Sachs and One William Street
Parafin, the SPECIALTY FINANCE infrastructure company named to the 2026 Forbes Fintech 50, has announced a new credit facility led by Goldman Sachs, alongside
InsurTech
GrailPay Raises $10.5M Series A to Scale Risk Decisioning Infrastructure for the Future of Instant, Agentic Payments
GrailPay, the FRAUD and data network for B2B payments, has raised $10.5 million in a Series A led by MissionOG, with participation from EJF
WealthTech
Edward Jones Backs Carefull With Venture Investment
Edward Jones, the $2.4 trillion-asset WEALTHTECH firm with more than 20,000 financial advisors serving 9 million U.S. clients, has made a minority investment in
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
ICE, OKX Form Crypto Joint Venture
Intercontinental Exchange and OKX have established a 50-50 joint venture to build next-generation infrastructure for CAPITAL MARKETS TECH and digitally native financial products, following
Chart Of The Week
WhatsApp Wants to Be Your Wallet: Why WhatsApp Just Hired India’s Most Exclusive Fintech
Meta’s (NASDAQ: META) appointment of Kunal Shah, founder of the Bengaluru-based fintech CRED, to head WhatsApp, alongside a $900 million investment in CRED at a
Crypto
On-Chain Trading App Fomo Raises $75m
fomo, the social-first on-chain trading app founded in 2025 by former dYdX engineers Paul Erlanger, Se Yong Park, and Prashan Dharmesena, has raised $75 million
Embedded Finance
Nordic Capital To Merge Liberis And Qred To Form Unified SMB Lending Platform
Nordic Capital’s merger of Liberis and Qred creates a unified EMBEDDED FINANCE and direct SMB lending platform spanning 17 countries, 53,000+ active business customers, roughly
E-commerce
Mollie Bets €350m on Borderless European Commerce
Mollie, the Amsterdam-headquartered E-COMMERCE business, has completed its full European Economic Area footprint with simultaneous launches in Croatia and Iceland, becoming operational across all 30
Fintech AI
Taktile Raises $110 Million Series C Led by Goldman Sachs Alternatives
Taktile, the FINTECH AI transformation platform for banks and insurers, has raised $110 million in a Series C led by Growth Equity with participation
IDV / AML / KYB / Bioemetrics
Incode Acquires Identiq to Establish Privacy-First Fraud Prevention Network
Incode’s acquisition of Identiq, a Tel Aviv-based startup that raised more than $50 million to develop patented cryptographic technology for peer-to-peer IDV signal sharing, establishes
Wealthtech
Edward Jones Backs Carefull With Venture Investment
Edward Jones, the $2.4 trillion-asset WEALTHTECH firm with more than 20,000 financial advisors serving 9 million U.S. clients, has made a minority investment in
Open Banking
CFPB Preparing to Allow Big Bank Fees on Digital Transactions in Open Banking Rule
The CFPB is preparing a mid-July Notice of Proposed Rulemaking on its hotly contested OPEN BANKING rule 1033 that would allow banks to charge volume-based
Payments
Airwallex Secures $320 Million in Series H Funding, Valuation Hits $11 Billion
Airwallex has raised $320 million in a Series H led by returning investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe
Nesto Raises $302M in Series E at $1.47B Valuation
nesto, Canada’s leading mortgage technology and financing platform, has raised CAD $302 million in a Series E at a CAD $1.47 billion valuation, bringing in
Insurtech
GrailPay Raises $10.5M Series A to Scale Risk Decisioning Infrastructure for the Future of Instant, Agentic Payments
GrailPay, the FRAUD and data network for B2B payments, has raised $10.5 million in a Series A led by MissionOG, with participation from EJF Ventures,
Specialty Finance / LendTech
Parafin Announces New Credit Facility with Goldman Sachs and One William Street
Parafin, the SPECIALTY FINANCE infrastructure company named to the 2026 Forbes Fintech 50, has announced a new credit facility led by Goldman Sachs, alongside One