Robinhood Markets is raising two billion dollars through a sale of convertible senior notes due October 2029, joining a surge of zero-coupon convertible issuance from technology companies betting that investors will accept no interest in exchange for equity upside. Goldman Sachs and JPMorgan are leading the offering, according to Bloomberg, with a greenshoe option that […]
Parafin, an embedded financial infrastructure company on the 2026 Forbes Fintech 50 list, has secured a new credit facility led by Goldman Sachs alongside One William Street Capital Management. The facility will expand access to embedded lending for small businesses through platforms including Amazon, DoorDash, Gusto, TikTok Shop, and Walmart. The company’s model is straightforward. […]
Behavox has raised $175 million in preferred equity from HPS Investment Partners, the private credit firm that BlackRock acquired for $12 billion last year. The funding will go toward expanding Behavox’s unified AI compliance platform and pursuing acquisitions. It is the company’s first equity raise in six years. As part of the deal, Behavox fully repaid and […]
Nuvei is buying Payoneer for $2.75bn, a bet that the way to take on Stripe is to own every step of a payment, not just one. The Canadian firm will pay $7.40 a share in cash for Payoneer, the cross-border specialist listed on Nasdaq, in a deal both boards have approved. It ends Payoneer’s roughly […]
Polymarket, the largest prediction market exchange, has more than $345 million in trading volume stuck in limbo over a question of semantics. Traders bet on whether the United States and Iran would sign a permanent peace deal. Both countries announced an agreement over the weekend, but it is not clear that the announcement meets the […]
American Express acquires TheFork, the European restaurant-reservation platform, from Tripadvisor for $700m in cash. The payments company announced the proposed deal on Monday, adding a booking network of more than 50,000 restaurants across 11 European countries to a dining business it has been quietly assembling for years. The structure is an all-cash put-option agreement, a […]
Artificial intelligence has spent years promising to disrupt asset management. In 2026, that promise is starting to show up in performance tables. The AI-managed ETFs from FINQ are emerging as early examples of what happens when portfolio construction is delegated to a fully systematic, continuously learning model rather than human discretion. Since launching on February 5, 2026 on NYSE […]
Crypto users who thought they had found a way into the hottest IPO in years through tokenized SpaceX stock discovered on Friday that the shares would not be arriving. Binance Wallet, Bybit, and Bitget Wallet all canceled their tokenized SpaceX offerings after xStocks, the tokenized equity provider behind all three products, failed to deliver the […]
The Current Series E is in. The New York neobank raised $80m, led by Springcoast Partners, at a $1.5bn valuation. That headline hides the real story. In 2021, Andreessen Horowitz valued Current at $2.2bn. The new round sits about a third below that peak. So this is a down round. It is also, the company […]
On 11 June, Pleo told finance teams that AI agents would soon free them from administrative work. The next day came the Pleo layoffs: the Danish spend-management fintech had cut around 50 of its own staff, most of them in engineering and data. The product launch came first. Pleo unveiled a suite of “agentic” AI, […]
