Figure buys Kiavi for $717m in tokenised-lending push
Figure is acquiring lender Kiavi for $717m, with Sixth Street warehousing the loans — a balance-sheet-light template for scaling tokenised lending.
Desk
Fintech
Payments, KYC, trading technology and the vendors that sell it to brokers.
328 stories since 2021 · page 14 of 17
June 2026
KOHO raises C$130m at C$1.33bn as bank licence nears
KOHO becomes Canada's newest unicorn with a C$130m Series E backed by Mubadala and Tobi Lutke — capital aimed squarely at a Schedule 1 bank licence.
Swift retail cross-border scheme goes live at 25+ banks
Swift's cross-border payments scheme hits its June go-live with 25+ banks across 11 corridors — landing as stablecoins are reframed as settlement rails.
Wise FY26 volume jumps 25% to £181.7bn as take rate falls
Wise FY26 cross-border volume rose 25% to £181.7bn and customers hit 18.9m, even as its take rate fell to 51bps — the volume flywheel that defies neobank fee logic.
Forage raises $40m to scale its SNAP-benefits payments rail
Forage raised a $40m Series B led by Mouro Capital to scale its SNAP/EBT payments rail — the government-benefits infrastructure mainstream fintech ignores.
Ramp raises $750m at $44bn as AI rerates corporate spend
Ramp's $750m Series F at a $44bn valuation re-rates the corporate-spend leader on an AI-spend thesis even as the broader fintech index stays weak.
Flutterwave adds Stripe’s Tempo as a stablecoin rail for Africa
Flutterwave is integrating Stripe-backed Tempo as a stablecoin settlement layer for African cross-border payments — a tell about where stablecoins actually work.
Perk lands $300m credit line to take spend platform to US
Perk, formerly TravelPerk, has secured a $300m private credit facility — not equity — to fund the US launch of its AI-native spend management platform.
Adyen wins GOV.UK Pay deal, displacing Stripe on 1,000 services
Adyen wins the GOV.UK Pay contract, displacing Stripe across 1,000 public sector services and adding pay-by-bank to government payments.
Riverty secures Luxembourg bank licence for embedded finance
Bertelsmann's Riverty has won a Luxembourg banking licence from the CSSF and ECB, turning its BNPL and credit unit into a deposit-funded EU bank from July 2026.
Slash hits $1.4bn as corporate-spend fintechs split paths
Slash raised $100m at a $1.4bn valuation to stay independent just as Capital One closed its $5.15bn Brex buy — the corporate-spend category is splitting in two.
Airwallex launches billing, escalating its Stripe rivalry
Airwallex has launched a billing product, taking on Stripe's decade-old turf — the clearest sign yet of 2026's payments-platform land-grab.
May 2026
Outmarket AI raises $17m as AI dominates insurtech funding
Outmarket AI's $17m Series A lands as AI insurtechs capture two-thirds of sector funding, signalling capital is flowing to broker automation, not risk.
Revolut eyes $100bn secondary as Storonsky pushes IPO to 2028
Revolut is weighing an H2-2026 secondary share sale above $100bn while delaying its IPO to 2028 — the clearest case of fintech's stay-private valuation staircase.
JPMorgan’s Chase enters Germany with a 4% savings rate
JPMorgan's Chase launched a digital bank in Germany on May 20, 2026 with a 4% intro savings rate, taking the neobank playbook to N26 and Trade Republic.
FedNow tops 1,600 banks but RTP’s $1.3tn lead holds in 2025
FedNow has overtaken RTP on bank participants (1,600 vs 1,135) but RTP still leads on dollar volume — splitting US instant payments into two distinct networks.
Klarna Q1 hits $1bn as deposits fund 91% of book
Klarna Q1 2026: $1.012bn revenue (+44% YoY), deposits fund 91% of book, 270-day duration. KlarnaUSD stablecoin on Tempo mainnet next. Cards under pressure.
Lunar’s Klausen steps down; Saxo’s Kyhl takes CEO seat in June
Co-founder Klausen exits Lunar after 11 years; Saxo Bank deputy CEO Søren Kyhl takes over June 1, 2026 with a lending-and-profitability mandate.
Fasset’s $51m Series B: stablecoin neobank at $32bn annual run-rate
Fasset closes a $51m Series B led by SBI, Investcorp and Arz Portföy; $32bn annualised across 125 countries hints at a wholesale rail, not a retail neobank.
