Investing and Market Structure Trends
Brokerage, custody, clearing and settlement, and the funding rounds behind the firms rebuilding them.
More: Payments · Banking · Crypto and Stablecoins · Lending · Insurance
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Kraken Launches US Crypto Perpetuals via CFTC-Licensed Bitnomial Entity
Kraken has activated US crypto perpetuals trading on Kraken Pro following its completed acquisition of Bitnomial, a CFTC-licensed clearinghouse and exchange. This is the first retail-accessible, fully regulated perpetuals venue in the US, directly expanding the addressable…
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Ramp hits $44 billion valuation on $750m raise
Fast growing expense management firm Ramp has hit a valuation of $44 billion off a $750 million Series F funding round.
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Wealthtech Farther raises $150m
Wealth management platform Farther has hit unicorn status after raising $150 million in Series D funding led by General Atlantic.
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NYC Mayor Pushes State to Quash Western Union-Intermex Deal
Last year, Western Union announced plans to purchase money transfer service International Money Express (Intermex). That $500 million deal is now facing pushback from New York City Mayor Zohran Mamdami, who argues the acquisition would put financial pressure on the city’s…
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Adyen to buy German loyalty platform in first-ever acquisition
The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech's M&A strategy that has historically favored build versus buy.
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KreditBee joins unicorn club on $280 million funding round
Indian loans platform KreditBee has raised $280 million at a valuation of $1.5 billion.
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NYSE parent invests $600m in Polymarket
NYSE owner Intercontinental Exchange is doubling down on its bet on the growing popularity of prediction markets by investing $600 million in Polymarket.
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Jump — Series B
AI operating system for financial advisors Jump raises $80M Series B led by Insight Partners. Now used by 1 in 10 U.S. advisors.
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Vestwell — Series E
Savings platform Vestwell raises $385M Series E at $2B valuation, led by Blue Owl Capital and Sixth Street Growth. Total raised: $660M.
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Hidden Road acquired by Ripple for $1.25 billion
Ripple acquires prime brokerage and credit network Hidden Road for $1.25 billion, marking a significant institutional crypto infrastructure expansion.
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Divvy sells to BILL for $2.5 billion
BILL acquires spend management platform Divvy for $2.5 billion, consolidating SMB financial operations software under one roof.