After last week’s news of new bank charter announcements across the globe, this week’s top topic shifts back to the TradFi-DeFi bridge, as stablecoin platform Kast raises $80 million. Check out more on this, plus take a look at other fintech news highlights below. We’ll continue to add more announcements as the week progresses.
Stablecoins
KAST raises $80 million as stablecoins move from infrastructure into mainstream financial services.
Payments
Irish banks launch in-app instant payment service.
Visa launches intelligent authorisation tool for acquirers.
NjiaPay secures $2.1 million seed funding led by Newion to scale payment performance across Africa.
Business financial management
Sage to power SumUp’s new digital tax product.
Tide taps Gigs to offer mobile plans to small business clients.
Fraud and security
Evervault raises $25 million in Series B financing to deliver end-to-end encryption for highly sensitive data.