Mark Zuckerberg has directed a small team at Meta to build a smartphone app that would compete with prediction market platforms Polymarket and Kalshi, the New York Times reported on Tuesday. The app, internally called Arena, would operate independently…
Robinhood Markets is raising two billion dollars through a sale of convertible senior notes due October 2029, joining a surge of zero-coupon convertible issuance from technology companies betting that investors will accept no interest in exchange for e…
Meta is paying $900mn for a fifth of Cred, an Indian fintech. The bigger prize is its founder, Kunal Shah, who will now run WhatsApp. Meta has found its next WhatsApp boss the way it now likes to find people: by writing a cheque. On Monday, the company…
The typical Belgian works for about 40 years and retires with a workplace pension worth less than a second-hand car. Warren, a Ghent-based fintech, wants to fix that. The company has raised €10mn in a seed round led by Motive Ventures, the venture arm …
Baran Ozkan spent 15 months looking for software that did not exist. As head of financial-crime product at a European bank, he wanted a single tool to catch money laundering and fraud. Vendors overpromised. His own employer tried to build one in-house …
Liberty Bank, a 201-year-old mutual bank headquartered in Middletown, Connecticut, announced the launch of an AI Center of Excellence alongside a strategic partnership with Flare AI. The centre will serve as the hub for AI strategy, governance, and exe…
Parafin, an embedded financial infrastructure company on the 2026 Forbes Fintech 50 list, has secured a new credit facility led by Goldman Sachs alongside One William Street Capital Management. The facility will expand access to embedded lending for sm…
Behavox has raised $175 million in preferred equity from HPS Investment Partners, the private credit firm that BlackRock acquired for $12 billion last year. The funding will go toward expanding Behavox’s unified AI compliance platform and pursuing acqu…
Nuvei is buying Payoneer for $2.75bn, a bet that the way to take on Stripe is to own every step of a payment, not just one. The Canadian firm will pay $7.40 a share in cash for Payoneer, the cross-border specialist listed on Nasdaq, in a deal both boar…
Polymarket, the largest prediction market exchange, has more than $345 million in trading volume stuck in limbo over a question of semantics. Traders bet on whether the United States and Iran would sign a permanent peace deal. Both countries announced …