Trace Finance closes a Series A backed by CoinFund, Coinbase Ventures, and Haun Ventures to scale the compliance and bank connectivity infrastructure that stablecoin payments still require to work inside institutional corridors. Trace Finance, a regulated cross-border payments and stablecoin settlement provider, has closed a $32 million Series A led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, and HOF Capital. The r

As global banks face a projected $57 billion bill to maintain legacy payments technology by 2028, Dubai-based NymCard has launched nCore FullStack, a proprietary platform unifying issuing, lending, money movement, settlement, financial crime, and reconciliation under a single vendor integration. Banks across MENA now have a single-vendor alternative to the fragmented stack that has defined regional payments modernisation for the past decade. NymCard, which raised a $33 millio

Flagright, an AI platform for financial crime compliance, has closed a $12.5M Series A led by Infinity Ventures, with Sella Bank, Frontline Ventures, and Y Combinator also participating. The round represents the largest capital commitment the company has raised to date, bringing its known total funding to roughly $22.7M since its 2022 founding. The capital will fund US market expansion and deepen explainable AI capabilities across alert investigation, rule optimisation, and a

Community banks and credit unions are losing CD renewals, missing loan payment windows, and watching indirect borrowers walk away, not because they lack customer relationships, but because they lack the staff hours to act before those moments pass. Glia, the banking AI platform serving more than 700 financial institutions, is now offering a purpose-built answer: Glia AI Outreach, an agentic outbound voice and SMS solution designed to help community and regional institutions r

Three years of 70%-plus revenue growth and a move into positive territory on the income statement position the New York neobank as a credible candidate for the US IPO pipeline — even as the round prices a third below its 2021 peak. Current, the New York consumer fintech platform founded in 2015 by former Morgan Stanley trader Stuart Sopp, has closed an $80 million Series E financing at a $1.5 billion post-money valuation. The round was led by Springcoast Partners, a growth eq

The investors writing the cheques are the same credit unions watching members leave for Chime. That dynamic tells the real story behind Reset's seed round. Credit unions are losing members to neobanks at a measurable pace, and some are now betting their own capital that a Menlo Park startup can slow the bleed. Reset, an embedded earned wage access (EWA) platform designed specifically for credit unions and community banks, closed a $6 million seed round on June 8, 2026, bringi

TP ICAP's new institutional credit venue merges Neptune's dealer axe data with Liquidnet's execution infrastructure, promising buy-side firms sharper pre-trade intelligence and reduced spread costs across a $41 trillion global corporate bond market. TP ICAP launched RealQ on 8 June 2026, a dedicated institutional credit trading and data platform that consolidates dealer axe and inventory data with electronic execution workflows for the first time under a single interface. The

Retail investors in dozens of countries now have a route into the largest initial public offering in history at the offer price, thanks to a product launch that places crypto exchange infrastructure at the centre of a market traditionally controlled by investment banks. Bybit, the world's second-largest cryptocurrency exchange by trading volume, launched Bybit IPO Express on 7 June 2026, giving eligible users the ability to subscribe to tokenized representations of SpaceX sha

The deal splits two companies' AI ambitions cleanly: Portage AI takes the front-end workflow automation, Insurwave doubles down on real-time risk intelligence. The London and Bermuda markets will feel the effects quickly. Specialty insurance AI has a new owner in the London market. Portage AI Inc has acquired the AI submission ingestion unit of Insurwave Limited, including its technology stack and specialist team, in a strategic carve-out that reshapes how both companies will