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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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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Corpay gets a massive cash infusion from Mastercard (TWIF 5/3)

Corpay gets a massive cash infusion from Mastercard (TWIF 5/3)
Emily Weiner, Passage, (2023)

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."
Signals: Payments are cool again
Hello, Fintech Friends! I think 2025 will go down in fintech history as the year when payments became cool again. And no, it’s not only because stablecoins finally became a thing. Last time, I wrote about Capital One’s acquisition of Discover, which is now nearly complete. With all

We've got some fun meetups coming up in SF and Berlin:

TWIF & SVB May SF Fintech Coffee · Luma
Join This Week in Fintech for our fintech networking coffee! SF Fintech Coffee, hosted by TWIF and Silicon Valley Bank, is an event for fintech enthusiasts to…
Spring Fintech Breakfast with Taktile ☕🥐 · Luma
Join us for our very first Fintech Breakfast in Berlin, hosted by This Week in Fintech and kindly sponsored by Taktile. We’re bringing together fintech…

And we had a great event for WebSummit last week in Rio de Janeiro:

Oi pessoal! This Week in Fintech landed in Rio de Janeiro for the first… | This Week in Fintech
Oi pessoal! This Week in Fintech landed in Rio de Janeiro for the first time — and what an amazing debut it was! Thank you to everyone who came out to connect, chat, and celebrate the fintech community with us. And thank you to our co hosts Accion Venture Lab, Flourish Ventures, Honey Island and QED Investors More photos coming soon. Esperamos vocês na próxima!

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
  • Mastercard invested $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.
  • Thunes raised $150 million in Series D funding to expand its cross-border payments platform.
  • Canopy raised $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
  • Pliant secured $40 million in Series B funding to expand its corporate card business to the US.
  • Dub raised $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 Edge raised $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 Health raised $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 Generation secured $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.

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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.