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Category: Fintech

TabaPay raises $155m to buy a bank with $1.1m of equity

TabaPay's $155m FTV Capital round funds a Denver bank with $1.07m of equity and $11,000 of half-year profit. The primary-secondary split is not disclosed.

MAS commits S$220m to fintech, 12% below its 2020 pledge

MAS commits S$220m over three years to FSTI 4.0 - 46.7% above FSTI 3.0 but 12% below the S$250m it pledged over an identical three-year window in 2020.

Bolt raises $27m at $300m, 97.3% below its $11bn mark

Bolt is raising up to $27m in a pay-to-play convertible note at about $300m, 97.3% below its $11bn peak. The clause, not the cheque, is the real story.

Swift defers structured address deadline, securities ship in Q1 2027

Swift has deferred the SR2026 structured address deadline for ISO 20022 payments while securities changes ship in Q1 2027. SEPA's November date is unmoved.

Mastercard and QNB run Syria’s first card payment in over 15 years

QNB Syria processed the first international card payment in over 15 years four days after the US delisting - but OFAC, not the terrorism list, cleared it.

Monte dei Paschi, rescued for €5.4bn, now bids €34bn for two rivals

Monte dei Paschi's €34bn all-share bids for Banco BPM and Banca Generali carry no premium on the BPM leg, and hinge on two shareholders who have not agreed.

re:cap’s lending doubled to €200m since its €125m UK facility

re:cap's €125m UK facility was debt, not a raise. Its arranged lending has since doubled to €200m — with no UK entity on the Companies House register.

Socure buys Fravity at $5.2bn, up 15.6% on its 2021 mark

Socure's $5.2bn growth investment and Fravity acquisition put its valuation just 15.6% above the $4.5bn mark it set back in 2021, despite 63% ARR growth.

BitGo buys NYDIG’s derivatives desk for $42.5m, 84% in stock

BitGo's press release skipped the price. Its 8-K puts $42.5m upfront on NYDIG's derivatives desk, 84% of it in BTGO stock, plus $15m of revenue earn-outs.

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