fintech news - FinTecBuzz

Scilex Confirms Warrant Exercises Yielding $20.3M

November 24, 20255 min

Scilex Holding Company, an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and neurodegenerative and cardiometabolic disease, announced today that it has entered into a definitive agreement for the exercise of certain existing warrants to purchase an aggregate of (i) 428,572 shares of common stock (the “Common Stock”) having an exercise of $38.50 per share and issued in April 2024 (the “April...

by BusinessWire

Payments

Aero Commerce Partners With DNA Payments for Unified Retail

November 24, 20254 min

Aero, one of Europe’s leading e-Commerce platforms, has partnered with DNA Payments to bring retailers a single unified sales and payment platform across website and in-person purchases. With Aero’s Web-based POS and DNA Payments’ Wi-Fi-enabled terminals, merchants can now run every part of their business from their Aero website – from online sales to in-store – all on one technology and payments platform. By partnering with DNA Payments, retailers can access integrated payment services within...

by BusinessWire

Compliance & Scoring

Procurement Still Overlooks AI Despite Clear Potential

November 24, 20256 min

SAP Taulia releases new research revealing that the procurement function is a long way down the priority list when it comes to AI investment

by BusinessWire

Platforms

Frasers Group Chooses Navan for Global Expense Operations

November 24, 20256 min

Navan, the all-in-one travel, payments, and expense management platform, today announced it has been selected by Frasers Group, the retailer behind Sports Direct, FLANNELS, and FRASERS, as the company’s global partner for travel and expense management. In recent years, Frasers Group has gone from strength-to-strength, executing on its Elevation Strategy to rethink retail and build the planet’s most admired and compelling brand ecosystem. To support this bold ambition from an operational perspective, Frasers Group sought...

by PRNewswire

Investments

Mercuria Closes $2.3B Asian Financing Deal

November 24, 20254 min

Mercuria Energy Group Ltd. is pleased to announce the successful closing of its 2025 Asian Syndicated Revolving Credit Facilities, totaling over USD 2.3 billion equivalent across USD and CNH tranches. This year’s refinancing represents a 35% increase in committed liquidity compared to 2024, adding more than USD 600 million in additional capacity. The outcome underscores the continued confidence of global and regional lenders in Mercuria’s financial strength, disciplined liquidity management, and the Group’s expanding footprint...

by PRNewswire

Payments

OpenWay Powers Global Launch of Visa Fleet 2.0

November 24, 20254 min

OpenWay, a leading global provider of digital payment software solutions, has joined forces with Visa, a world leader in digital payments, to be a part of the Ready for Fleet program. Through this collaboration, OpenWay powers the global rollout of Visa Fleet 2.0, an advanced mobility and fleet card solution that helps businesses manage and pay for mobility-related expenses more efficiently. This step underscores OpenWay’s commitment to advancing digital payment innovation in the fleet industry and aligns with...

by PRNewswire

Payments

TerraPay Unveils Xend for Borderless Wallet Payments

November 24, 20254 min

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...

by PRNewswire

Investments

Model ML Raises $75M to Automate AI Workflows in Finance

November 24, 20258 min

Model ML, the leading global AI workflow automation platform for financial services, today announced a $75 million Series A financing led by FT Partners, the global leader in FinTech investment banking. The round also includes significant participation from Y Combinator, QED, 13Books, Latitude and LocalGlobe, and comes just six months after the company’s seed raise, led by LocalGlobe, and only twelve months after its launch. “We’re thrilled to announce this round with such an exceptional...

by PRNewswire

Platforms

Byreal Slashes LP Costs 95% with New Social Features

November 24, 20256 min

Byreal, a decentralized exchange incubated by Bybit and built for the Solana ecosystem, announced a package of comprehensive platform upgrades designed to enhance liquidity efficiency and user experience. The upgrades include the introduction of Dynamic Tick Array technology, significant product and performance optimizations, and the recent launch of the social referral feature for Real Farmer, a social liquidity mining system. Since its full public launch in October, Byreal has achieved significant milestones across key metrics. Currently ranking No. 5 by 30-day fees...

by GlobeNewswire

Investments

Crowd Street Unveils Rebuilt Technology Platform

November 21, 20256 min

The latest platform updates follow Crowd Street’s previous technology enhancements in June 2025, further driving a seamless, self-directed private market investment experience

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