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/payments

Ryft raises £5.7m to take on Stripe Connect and Adyen

UK-based decentralised payments platform Ryft has raised £5.7 million in Series A funding to help acquiring banks take on industry giants Stripe Connect and Adyen.

/regulation

Earned wage access fintech DailyPay sues NY AG: Rain raises $75 million

DailyPay has sued New York Attorney General Letitia James over efforts to apply usury laws to the earned wage access sector.

/security

Americans lost $3bn to impersonation scams in 2024

Scams impersonating businesses and government officials cost Americans $2.95 billion last year, according to the Federal Trade Commission.

/crypto

Bitcoin-backed lending platform Firefish raises $1.8m seed funding

Firefish, a European open marketplace for bitcoin-collateralised loans, has raised $1.8 million seed funding.

/security

OCC reports 'major incident ' email hack to Congress

The Office of the Comptroller of the Currency says "highly sensitive information" was accessed in a hack on its email system.

/ai

BofA staffers embrace AI virtual assistant

Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.

/payments

Restaurant payments and loyalty app Blackbird raises $50m

Blackbird Labs, a blockchain-based restaurant loyalty and payments app, has raised $50 million in a Series B funding round.

/payments

NatWest invests in Yonder

NatWest has made a minorty investment in rewards credit card startup Yonder.

/crypto

Ripple to acquire prime brokerage Hiddden Road for $1.25 billion

Ripple is to acquire crypo-friendly prime brokerage Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space.

/ai

Hawk raises $56m for AI-powered fraud prevention

AI-powered anti-money laundering, screening and fraud prevention outfit Hawk has raised $56 million in a Series C funding round led by One Peak.

/payments

Félix raises $75 million for WhatsApp-based stablecoin remittance platform

Félix, a chat-based platform that utilises WhatsApp and stablecoins to enable Latino immigrants in the US to send money abroad, has secured $75 million Series B in equity and growth financing.

/payments

Turkey's Sipay raises $78 million

Turkish emebedded finance fintech Sipay has raised $78 million at a valuation of $875 million.