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FinTech startup Ramp has reportedly been valued at $16 billion in a funding round, about three months after it was valued at $13 billion in a secondary share sale.
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The company raised $200 million in the round, Bloomberg reported Friday (June 13), citing unnamed sources.
Ramp did not immediately reply to PYMNTS’ request for comment.
When announcing the secondary share...
The Trump family has reportedly licensed its name to a mobile service and smartphone.
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Trump Mobile, which includes a phone that sells for $499, marks the latest deal forged by the president’s family to capitalize on his name while in office, Reuters reported Monday (June 16).
According to the report, the new venture will operate in conjunction with one of the three main...
Autobooks has added access to flexible funding for small- to medium-sized businesses (SMBs) to its platform by partnering with Fundbox.
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This collaboration brings together Fundbox’s embedded capital infrastructure for small businesses and Autobooks’ platform that provides receivables, payables, accounting and cash flow management tools integrated within financial...
PayPal says it has developed a way to turn online ads into merchant storefronts.
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“Storefront Ads” uses PayPal’s transaction graph and payment rails to turn “recommended products into ‘buy now’ opportunities within the ad unit itself,” the company said in its announcement Monday (July 16).
“Merchants of all sizes are faced with fewer and fewer consumers going directly to...
LemFi has acquired Pillar to support its development of specialized credit services and cards to designed specifically for immigrants, starting with those in the U.K.
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This acquisition adds Pillar’s proprietary credit scoring technology, Financial Conduct Authority (FCA) credit license and track record of growth to LemFi’s financial services platform for immigrants that...
Samsung is reportedly developing a hub for patients to share health data with their doctors.
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That’s according to a report Monday (June 16) from Bloomberg News, which noted that the project is designed to help people remember the guidance their healthcare providers offered during appointments.
Samsung health executive Dr. Hon Pak said the tech giant is at work on tools...
American importers are facing yet another complication from White House trade policies.
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As Reuters reported Monday (June 16), it’s a phenomenon known as “tariff stacking,” which is placing increasing pressure on businesses that source products from countries like China.
The report uses the example of Texas businessman John Hamer, whose company, Rodgers Wade...
Pakistan is reportedly working on making digital assets a major part of its economy.
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To that end, the country recently hosted a meeting with Michael Saylor, executive chairman of business intelligence (BI) company Strategy, holder of the world’s largest corporate bitcoin reserve, Coindesk reported Monday (June 16).
According to the report, officials at the meeting...
OpenAI’s acquisition of legendary Apple designer Jony Ive’s artificial intelligence (AI) devices startup will lead to a new computing era similar to the leap from flip phones to the touchscreen smartphone.
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That’s the prediction of OpenAI CFO Sarah Friar, who made the revelation during a fireside chat on Friday (June 13) at the VivaTech 2025 conference in Paris.
Friar...
Instant payments have become a competitive imperative for financial institutions (FIs) of all sizes.
As real-time payment adoption accelerates in the United States, a key trend is reshaping the landscape: multi-rail strategies. Banks are realizing they do not need to choose between The Clearing House’s private RTP® network and the Federal Reserve’s public FedNow® Service. Rather, they can gain...