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Ripple Acquires Stablecoin Platform Rail, Crosses $3B in M&A
Hey FinTech Fanatic!
Ripple’s acquisition streak keeps rolling. After Hidden Road's buy for $1.25 billion in April, the company is now acquiring Rail, a stablecoin-focused payments platform, for $200 million, pushing its total M&A spend past $3 billion. 🤯
“Over the last four years, Rail
Traditional vs. Virtual IBANs
Monzo Hits 13M Customers, +1M Added in 3 Months
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Monzo just reached +13M customers, widening its lead in the digital banking race ahead of Revolut’s +11M in the UK. The bank added +1M users in the past quarter alone, with May and June marking its strongest growth to date.
The 13 million milestone includes +700k
Digital Rupee (e₹) Takeoff: From Pilot to Purpose-Driven Money
NG.CASH Closes $26.5M Backed by FinTech Elite
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NG.CASH just bagged $26.5 million in Series B funding. The round was led by NEA, with participation from Quantum Light, the fund launched by Revolut’s CEO Nik Storonsky, a16z, 17Sigma from Ualá’s Pierpaolo Barbieri, and others.
Built for Brazil’s Gen Z, the
ABN AMRO’s BUX launches automated active ETF portfolios with J.P. Morgan in Europe
The neobroker BUX has launched Prime Investment Plans, making multi-asset ETF portfolios available to everyday investors across eight countries. The launch spans the Netherlands, Belgium, Ireland, Austria, Spain, France, Germany, and Italy.