Stripe’s First Hire Buys a Bank: Fintech Founder Darragh Buckley Makes Bold Industry Move
This is not just a symbolic acquisition. The move represents a growing trend among fintech founders who are choosing to own banking infrastructure rather than simply partnering with it. Most fintech startups rely on partnerships with licensed banks to provide services like money movement, account management, or lending. But Buckley is following in the footsteps […]
Webull Secures $1 Billion Lifeline to Power Fintech Growth Amid Regulatory Storm
The equity deal, announced shortly after Webull’s public market debut via a SPAC merger, grants the firm the right—but not the obligation—to sell up to $1 billion worth of Class A common shares over a three-year period. Shares will be sold at a modest ~2.5% discount, offering Webull flexible access to capital without the pressure […]
FTX Recovery Trust Sues Africa’s AZA Finance Over $50M Asset Dispute
The suit, filed in the United States Bankruptcy Court for the District of Delaware, alleges that AZA Finance and its executives played a role in siphoning off millions from the now-defunct crypto exchange during a controversial 2022 transaction referred to as the “Luxembourg Demerger.” This deal reportedly saw funds transferred out of FTX’s reach, just […]
Four Points FCU Embraces Future of Fintech with Mahalo’s Thoughtful Banking Platform Launch
The collaboration between Four Points FCU and Mahalo Banking, a Michigan-based fintech innovator, brings a powerful, modern digital banking suite to the credit union’s growing member base. Mahalo’s “Thoughtful Banking” platform is uniquely engineered to provide inclusive, intuitive, and secure banking services — with a focus on user accessibility, especially for neurodiverse individuals. The new […]
Crackdown Alert: SEC Shuts Down Bravo Zulo Romeo and Magic Peso for Operating Without License
According to the SEC, Bravo Zulo Romeo and Magic Peso offered short-term loans online through mobile apps and websites without securing a valid certificate of authority to operate as lending companies. Their operations were found to be deceitful, with reports of aggressive debt collection practices and privacy violations surfacing from distressed borrowers. In its cease-and-desist […]
DL Holdings and Asseto Fintech Unite to Tokenize Asia’s Investment Landscape
DL Holdings, renowned for its family office asset management and wealth advisory services, views this partnership as a critical step toward future-proofing its offerings in an increasingly digitized financial world. The company aims to introduce a suite of tokenized products through regulated platforms, further democratizing access to institutional-grade investments. Asseto Fintech brings technical and blockchain […]
Lesaka Acquires Bank Zero for $61M to Revolutionize SA’s Fintech Banking
Lesaka’s move to acquire Bank Zero is not just a strategic investment—it marks a transformational shift for the company. By acquiring a fully licensed bank, Lesaka will now directly own a banking license, gaining access to a low-cost deposit base that can be leveraged to expand its lending capabilities across its growing merchant and consumer […]
Outdated Tech Could Doom Regional Banks, Warns OCC
Community and regional banks are at a critical juncture. Without meaningful modernization, they risk falling behind — not just competitively, but operationally and in terms of compliance and cybersecurity. The OCC’s findings also shed light on the monopolistic nature of core banking vendors. Many banks are locked into long-term contracts with a handful of providers, […]
From Frustration to Blockchain: TradFi Eyes Onchain Shift Amid Banking Woes
According to recent industry reports, a notable portion of users — especially younger demographics and digitally savvy entrepreneurs — are exploring decentralized finance (DeFi) protocols and blockchain-based services that promise faster, cheaper, and more transparent financial transactions. Many of these platforms operate “onchain,” meaning they leverage decentralized blockchain networks to eliminate intermediaries and reduce friction. […]
PayRetailers Supercharges Global Growth with Acquisition of Payment Fintech Celeris
Celeris, based in the Netherlands, has built a sophisticated payment orchestration platform that allows merchants to route transactions through over 75 acquiring partners via a single API. Its platform includes tools for real-time transaction optimization, fraud management, recurring billing, and white-label payment solutions. These capabilities are essential for high-volume merchants looking to improve payment success […]
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