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The Front Page of Fintech

The largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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Tether invests $200M in Whop; Robinhood launches $1B fund for pre-IPO investing (TWIF 2/28)

Tether invests $200M in Whop; Robinhood launches $1B fund for pre-IPO investing (TWIF 2/28)
Photo by NASA / Unsplash

Hello Fintech Friends,

Today’s newsletter is brought to you by our friends at Restive.

It was great sitting down recently with Coinbase CFO Alesia Haas to learn more about what's driving growth across the business and what excited them in 2026.

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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News coverage written and provided by Rachel Chang.

Stat of the Week

The ACH Network reached new highs in 2025, as full year ACH Network volume totaled 35.2 billion payments, up nearly 5% over 2024. Business-to-business volume grew ~10% in 2025, with close to 8.1 billion B2B payments. Healthcare claim payments from insurers to medical and dental providers neared the 548 million mark, up 7.3% from a year earlier. These stats point to "businesses...turning their backs on checks."

Venture Financing
  • Tether announced a $200 million strategic investment in Whop, the world's largest internet marketplace, to extend stablecoin infrastructure for millions of creators and users. 
  • Allica Bank raised $155 million in Series D to enhance its digital business banking beyond the UK, at a $1.2 billion valuation. 
  • Basis raised $100 million in Series B at a $1.15 billion valuation to expand its AI-powered accounting platform. 
  • Jump raised $80 million in Series B to scale its AI platform for financial advisors. 
  • Rowspace raised $50 million across seed and Series A to accelerate financial services firms' decision making based on their proprietary data. 
  • Harper raised $47 million across seed and Series A to expand its AI-powered commercial insurance brokerage. 
  • Stacks raised $23 million in Series A funding led by Lightspeed to provide an agentic AI platform for enterprise accounting teams. 
  • xFlow raised $16.6 million in Series A led to grow its cross-border payments infrastructure for SaaS companies, goods exporters and IT service exporters.
  • Inscope raised $14.5 million in Series A to modernize financial reporting.
  • Hypercore raised $13.5 million in Series A to accelerate rollout of its loan management platform for private credit funds. 
  • Cicada raised $13.5 million to digitize Latin American bond markets.
  • Secfix raised $12 million to automate European compliance for SMBs and mid-market businesses.
  • NEWITY raised $11 million in strategic investment led by CMT Digital to scale its AI-driven lending infrastructure and to connect small business credit with blockchain-enabled capital markets.  
  • Lupiya extended its Series A to $11.25 million to scale its AI-powered digital bank offering loans across Southern and East Africa.
  • General Magic raised $7.2 million in seed to build an AI agent platform for the insurance industry. 
  • Rhythmic raised $4 million in seed funding to enhance its stablecoin-powered rewards platform via brand partnerships. 
  • Bluprynt raised $4.25 million in seed funding from Coinbase Ventures and Robinhood to streamline crypto compliance.
  • Sherpas raised $3.2 million seed to power its AI-native infrastructure platform for wealth management firms. 
  • Burst raised $3 million seed to unlock FSA and HSA spending for retailers and wellness brands.
  • Finanjo raised ₹1.5 crore (~$178K) to deploy a full-stack personal finance platform built for young Indians. 
  • Charikaty raised $150K to accelerate its formation and compliance platform across Morocco. 

Debt Financing
  • Wayflyer raised a $250 million credit facility agreement to fund its suite of cash advances, term loans, and rolling financing products. 
  • Yendo raised a $200 million facility from i80 Group to expand its vehicle-secured credit card that lets consumers use their car's value instead of credit scores. 
  • Bravo raised a €200 million (~$236 million) credit facility to expand its debt settlement operations in Spain. 
  • Thrive Financial upsized its facility to fuel growth of its point-of-sale financing of home improvement projects.

Venture Funds
  • Robinhood launched a $1 billion closed-end fund IPO, giving retail investors access to pre-IPO companies. 

Other Transactions
  • Revolut is considering a share sale in H2 2026, at a $100 billion valuation. 
  • Plaid completed a tender offer at an $8 billion valuation, a 31% increase from $6.1 billion in April 2025, to provide employee liquidity.
  • Stripe reached a $159 billion valuation in a tender offer for employees and shareholders.

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