Company reached $1 billion in annualized global transaction volume within the platform’s first four months and is trusted by institutional leaders including TerraPay, TapTap Send, and Nala
PhotonPay, the next-generation global financial infrastructure, has been granted a Category 3D License by the Dubai Financial Services Authority (DFSA). This pivotal milestone represents the company’s first license in the UAE, signaling a major expansion of its footprint across the MEASA region and solidifying its global compliance-first strategy. The UAE represents a vital trade corridor for global commerce as one of the world’s leading financial hubs with a diverse ecosystem of international enterprises. PhotonPay has engaged deeply with...
Veteran finance leader to support institutional growth and operational scale
VelaFi, a stablecoin-powered financial infrastructure platform under Galactic Holdings, today announced the completion of its $20 million Series B financing, led by XVC and Ikuyo, with participation from Alibaba Investment, Planetree, existing shareholder BAI Capital, and other global investors. This round brings VelaFi’s total funding to over $40 million. Founded in 2020, VelaFi has deep roots in Latin America and a proven track record in real-world payment infrastructure, serving enterprises across complex and underserved markets. The...
Flutterwave, Africa’s leading payments technology company, has acquired Mono, a pioneer in open banking infrastructure across the continent. The transaction deepens Flutterwave’s long-term commitment to building a connected, interoperable financial system for Africa and positions open banking as a core pillar in the evolution of alternative payment methods across the region. Mono’s API-driven platform enables secure access to financial data, identity verification, and account-to-account payments; capabilities that are increasingly critical as African markets move toward more trusted,...
The acquisition strengthens Kraken’s leadership in tokenized assets and marks a key milestone toward making global capital markets open, accessible, and borderless.
Amid the accelerating evolution of global digital finance, CAT DEFI has announced the launch of a new intelligent Web3 financial system. Against the backdrop of accelerating global digital finance, CAT DEFI has announced the launch of its new intelligent Web3 financial system. This upgrade deeply integrates AI technology, an on-chain transparency framework, and automated execution mechanisms to deliver enhanced security, traceability, and a more intelligent system interaction experience for users. Powered by AI, CAT DEFI’s core engine can analyze...
TerraPay, a leading global money movement company, today announced the launch of Xend, a first-of-its-kind Payments Interoperability Network designed to unify the fragmented world of wallets, banks, and cards into one seamless, borderless financial ecosystem. Xend serves as a universal infrastructure layer, enabling wallet users to transact with 11,500 banks via the Swift network and access 150 million acceptance locations, all from their existing wallet apps. TerraPay’s collaboration with inclusion-led partners like Swift powers Xend to...
Hercle, an institutional infrastructure platform bridging stablecoins, digital assets, and cross-border settlement, today announced $60 million in new capital. The round features a $10 million equity investment led by F-Prime, with participation from Fulgur Ventures and Exponential Science, alongside a $50 million credit line to support the expansion of institutional services and global growth initiatives. To date, Hercle’s platform has processed more than $20 billion in transactions, enabling global institutions to move millions of dollars...
Ghana’s District Assemblies Common Fund and Singapore’s Embed Financial Group Holdings (EFGH) have announced a joint venture to create Africa’s first Finternet – a digital financial infrastructure linking governments, communities and businesses through transparent, self-sustaining technology. The Finternet will connect payments, credit, and insurance the way the Internet connects information, enabling districts across Ghana to manage funds and services more efficiently while creating new revenue streams for national development. Responsible Partnership Model Under the joint...
