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Financial operations platform Ramp said Monday (Nov. 17) that it closed a $300 million primary financing round as well as an employee tender offer.
The company is now valued at $32 billion, it said in a press release.
Ramp’s valuation has been rising this year. The company was valued at $13 billion in March when investors purchased secondaries from employees and early investors; $16...
LevelField Financial, a company focused on uniting traditional banking and digital asset products, said Monday (Nov. 17) that it received conditional approval to complete its acquisition of Chicago-based Burling Bank.
The company said in a press release that it received this conditional approval from the Illinois Department of Financial and Professional Regulation (IDFPR).
The proposed...
Digital asset banking refers to depository institutions offering services built around tokenized or blockchain-native assets, perhaps most notably with stablecoins.
In a digital asset banking context, the bank might mint stablecoins, hold or manage reserves, provide wallet integration or on-chain settlement, or enable deposit or loan services denominated in digital tokens. The broader...
Payments platform Paysafe has launched a partnership with business technology firm Endava.
The collaboration is designed “to bring smarter payments and next-generation community engagement to market faster,” the companies said in a news release Monday (Nov. 17).
“Paysafe’s expertise lies in helping businesses and consumers make seamless, secure transactions worldwide, with offerings...
Digital innovation has long been viewed as a panacea for complexity.
Across global logistics, that panacea, in the form of digital booking and payments solutions, is increasingly under pressure to deliver.
Freightos CEO Zvi Schreiber said during his company’s third-quarter 2025 earnings call Monday (Nov. 17) that this year has been challenging for the logistics industry. Global trade...
HoldCo Asset Management is unhappy with Comerica’s pending acquisition by Fifth Third Bancorp.
The activist investor had pushed for the nearly $11 billion deal, but now says the sale was “flawed” and that Comerica had not allowed for an independent, competitive process, according to a report issued by HoldCo Monday (Nov. 17).
“It appears that Comerica steered the sale toward a...
PayPal Holdings and global investment firm KKR renewed their agreement in which KKR’s credit funds and accounts purchase PayPal’s European buy now, pay later (BNPL) receivables.
The new agreement includes a replenishing loan commitment of up to 6 billion euros (about $7 billion) under which KKR will purchase up to 65 billion euros (about $75 billion) of BNPL loan receivables originated...
U.K. FinTech giant Revolut has launched a payments partnership with Booking.com.
With this collaboration, customers of the travel platform can pay using Revolut Pay, the company’s one-click checkout tool, the companies said in a Monday (Nov. 17) news release.
“This partnership is a natural fit given the customer overlap between businesses, with approximately 9 million customers from...
Digital payments firm Ant International has launched a blockchain-centered partnership with banking giant UBS.
The collaboration, announced Monday (Nov. 17), will see the companies explore the use of blockchain-based tokenized deposits to support Ant International’s global payments settlement and liquidity management.
The arrangement involves Ant using UBS Digital Cash, a blockchain-...
The lowest-level, highest-risk tokens are reportedly faring the worst in the recent crypto sell-off.
That’s according to a report Monday (Nov. 17) from Bloomberg News, citing the data from the MarketVector Digital Assets 100 Small-Cap Index. That index, which monitors the 50 smallest digital assets in a group of 100, dropped to its lowest level since 2020 on Sunday (Nov. 16).
As...