TrueLayer takes $27m from Italy's CDP Venture Capital
TrueLayer takes $27 million led by Italy's CDP Venture Capital for Pay by Bank. Roughly a quarter of staff are in Italy, and no valuation was published.
Rick Steves
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Steves' work has appeared in a variety of online publications including FX Street, NewsBTC, FinanceFeeds, and The Industry Spread. Rick has great interest in the dynamics of the trading industry. The never-ending clash between technology, economics, regulation, and more importantly, the people.
October 2026
CP13/26 would lift 128 PRA thresholds with GDP
PRA consultation CP13/26 would index 128 thresholds to nominal GDP from July 1, 2031, then every five years. What stays out, including joint FCA lines.
Polygrade exits stealth with $6.3 million for warranty claims
Polygrade left stealth on October 6 with $6.3 million to automate warranty claims from intake through contractor pay, without replacing carrier systems.
Ledgebrook raises $200m co-led by Allianz X and Rockefeller
Ledgebrook raised $200 million in primary equity, co-led by Allianz X and Rockefeller. Allianz Re agreed to enter a multi-year treaty. No stake was disclosed.
NFL tells the Supreme Court sports contracts are gambling
The NFL told the Supreme Court on October 8, 2026 that sports event contracts are gambling, not swaps, in New Jersey's ungranted petition, No. 26-299.
What is a broker: the licence test the SEC left standing
What is a broker remains the Exchange Act test for effecting transactions for other people. The SEC order of September 17, 2026 did not waive section 3(a)(4).
NEOPAY to buy 65% of noon payments, approvals pending
NEOPAY has agreed to acquire 65% of noon payments, with regulatory and antitrust approvals still pending. The notices disclose no price for the stake.
Noah closes its seed at $38m after a $16m extension
Noah closed its seed at $38 million after a $16 million extension, citing 538% year-to-date revenue growth and over 150 new customers the release does not name.
Stuut raises $52.5 million Series B led by Insight
Stuut raised a $52.5 million Series B led by Insight Partners. Between March and September, its published DSO claim moved from 37% faster to a 47% cut.
CASS 7: how a UK CFD broker segregates client money
CASS 7 requires a UK CFD broker to segregate client money on statutory trust, reconcile it each business day and cap deposits with a group bank at 20%.
Cleavr raises €8 million seed for invoice collection
Paris fintech Cleavr raised an €8 million seed, led by Varsity, to automate invoice collection. The cash-flow gains it cites are still company figures.
Homeward raises $120m Series D and $330m debt line
Homeward raised $120 million in Series D equity and $330 million of asset-backed debt. Most of the money funds houses, not software around the cash offer.
Rundschreiben 14/2026 narrows BaFin's CRR ancillary test
Rundschreiben 14/2026 adopts the EBA ancillary-services guidelines and narrows BaFin's dependence test on banking activity under CRR Article 4(1)(18).
Spiko raises $90 million Series B for tokenised cash
Spiko raised $90 million in a Series B to scale tokenised cash funds from London and Paris. Bloomberg, not the company, put the valuation at $800 million.
Constructor launches Agentic Checkout with Link by Stripe
Constructor launched Agentic Checkout with Stripe so shoppers can pay with Link inside the agent. No retailer is named as live, and no volume is given.
Valon raises $150 million at a $2.3 billion valuation
Valon raised $150 million at a $2.3 billion valuation in its Series D wire. A Dealroom blurb still says $1.49 billion. Contracted loans are not live loans.
Regulation CTX would route a leverage offer onto a DCM
The CFTC’s Regulation CTX notice would treat a retail leverage offer as the trade. What crypto asset market designation would require, next to the UK and MiCA.
Walapay raises $4.6 million seed led by Generative Ventures
Walapay raised a $4.6 million seed led by Generative Ventures for licences and bank partners. The firm says annualised volume is already $2.5 billion.
Rule 501 notices test knowledge against the wealth gate
Five Rule 501(a)(10) notices would add a FINRA exam, CPAs, CFAs, CFPs and two FINRA licenses. The printed CFP notice sets comments due December 4, 2026.
Trustly receives binding equity letters over $40 million
Trustly has irrevocable equity letters of more than $40 million from Nordic Capital and Alfvén & Didrikson. The raise is due to conclude in November 2026.
Also filing this week: Karthik Subramanian and Abdelaziz Fathi.