Hello Fintech Friends,
Today’s newsletter is brought to you by our friends at Method Financial.
If you missed it, we published our monthly public fintech companies wrap-up this week. An excerpt:
"Global Payments and FIS pulled off what can only be described as an NBA-style trade: Global Payments is taking over Worldpay, while FIS gets TSYS. Visa is moving beyond cards in its ambition to capture commercial and cross-border payments. Shift4 is stepping up to directly compete with Stripe and Adyen. Wise is aiming to move trillions by powering cross-border payments for major banks. And, if this was not enough, PayPal partners with Coinbase to bring stablecoins to commerce."
We've got some fun meetups coming up in SF and Berlin:
And we had a great event for WebSummit last week in Rio de Janeiro:
And congrats to our friends at Navro* on the $41M fundraise!
Please find another week of fintech financing events below.
(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)
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📊 Stats of the Week
The FBI said online scams raked in $16.6 billion last year, with older Americans hit particularly hard.
Banks increased their artificial intelligence headcount by 13% over the last six months, with one in every 50 banking employee now working in an AI-specific role.
💸 Venture Financing
Mastercardinvested $300 million in Corpay's cross-border payments business. Corpay will be the exclusive provider of currency risk management and integrated large-ticket cross-border payments to Mastercard’s financial institution customers.
Persona, which helps companies like OpenAI, LinkedIn and Reddit verify the identities of millions of users at a time when AI agents have made it increasingly difficult to do so, raised a $200 million Series D.
Thunesraised $150 million in Series D funding to expand its cross-border payments platform.
Canopyraised $70 million in Series C funding to accelerate AI-powered accounting transformation.
Rogo raised $50 million to develop its AI-powered investment banking platform.
Navro,* a London-based payments orchestration and curation provider, raised $41m in Series B funding
Pliantsecured $40 million in Series B funding to expand its corporate card business to the US.
Dubraised $30 million to scale copy trading and transform retail investing.
Zoe Financial, a digital infrastructure platform and referral network for RIAs, raised $29.6 million in Series B funding.
Surfin, a Singapore fintech focused on underserved consumers, secured $26.5 million in funding.
Growers Edgeraised $25 million to build the first full-service fintech platform for agriculture.
OmniRetail, which is attempting to reshape informal retail across Nigeria and West Africa using technology and embedded finance, raised a $20 million Series A.
Trek Healthraised $11 million to develop healthcare payment transparency solutions.
Sprive, a UK fintech, closed a $7.3 million round to facilitate consumer mortgage overpayments.
ZAR, which taps into cash-on-delivery infrastructure in emerging markets via stablecoins, raised $7 million.
Next Generationsecured $5 million in seed funding for its stablecoin payment system.
Zest Equity, a UAE firm that proivdes digital infrastructure for private market transactions, secured $4.3 million in pre-Series A funding.
💰 Venture Funds
Volution, a UK-based venture capital firm investing in fintech, AI and SaaS businesses tackling productivity challenges in capital markets and enterprise, launched a new $100 million fund.
Are banks serious about stablecoins—or just flexing for investors?
According to @NikMilanovic on Breaking Banks, many banks are scrambling to say they’re “exploring stablecoins” on earnings calls—just like they did with AI and blockchain before. But for a smaller group, the… pic.twitter.com/LNYIW606Yu— PROVOKE.FM Fintech Podcast Network (@provokecast) April 25, 2025
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Sponsored Content
Method Card Connect enabled Bilt Rewards members to securely link all their cards in seconds—launched in just 4 weeks, proving you don’t have to sacrifice UX for speed-to-market to drive adoption.
Want to sponsor a newsletter? See our sponsorship information here.
