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Kraken Raises $500M as Valuation Climbs to $15B
Hey FinTech Fanatic!
Kraken is reportedly seeking $500 million in fresh funding at a $15 billion valuation, up from $11 billion in 2022 🤯
This comes as Kraken accelerates its expansion in Europe, supported by a new MiCA license and the June launch of its cross-border payments app, 'Krak.'

Coinbase Faces Rumors Over CoinDCX Acquisition
Hey FinTech Fanatic!
Mint reported that Coinbase was in talks to acquire CoinDCX, the India-based crypto exchange, once valued at $2.2 billion. Sources pointed to a sharp drop, below $1 billion.
Hours later, CEO Sumit Gupta pushed back on X: “Ignore the rumours. CoinDCX is super focused on building

PayPal pushes crypto payments into the mainstream
The feature lets U.S. merchants accept payments in 100+ cryptocurrencies, converting them instantly to stablecoins or fiat, and reducing international transaction fees by up to 90%.

FinTech Drama: JPMorgan Freezes Out Gemini After Public Clash
Hey FinTech Fanatic!
It’s not every day a banking relationship gets iced over a tweet, but that’s where we are. JPMorgan has reportedly paused re-onboarding Gemini after Tyler Winklevoss slammed the bank’s new data access fees as "anti-competitive" and "immoral."
The dust-up adds

Unveiling Lithuania’s FinTech Hub in 2024

Cleo Considers IPO as Revenue Soars Toward $500M ARR
Hey FinTech Fanatic!
Cleo posted $136M in 2024 revenue and says it’s just passed $250M ARR. 🤯
In a LinkedIn post, CEO Barney Hussey Yeo said the company is now profitable and weighing an IPO: “$500M ARR is around the corner. So, London or NYC for the IPO?” he wrote.