StandardsAboutContact
The Ledger
  • Georgia's Five Largest Banks to Share One Nasdaq

    Georgia's Five Largest Banks to Share One Nasdaq

    Banking, neobanks and open banking

    National Bank of Georgia and Nasdaq announced on July 20, 2026 that Bank of Georgia, TBC Bank, Liberty Bank, Terabank and Basisbank — roughly $38 billion in sector assets — will share one Nasdaq Calypso platform for treasury operations, under the Georgian Market Advancement Program, to standardize data, support ISO 20022 and sharpen the regulator's systemic-risk view.

  • ACI Worldwide Weighs $1.5 Billion Sale of Its Billing Unit

    ACI Worldwide Weighs $1.5 Billion Sale of Its Billing Unit

    Funding and deals

    ACI Worldwide is reportedly exploring a sale of its Biller segment at roughly $1.5 billion, Reuters reported July 17, 2026, citing three people familiar with the matter. That price implies a 10-to-12-times multiple on the segment's 2025 adjusted EBITDA of $141 million, on $818 million of revenue. Talks remain preliminary.

  • Mitigram Buys Trade-Intelligence Platform eexpand

    Mitigram Buys Trade-Intelligence Platform eexpand

    Funding and deals

    Mitigram, the Stockholm-based digital trade-finance platform founded in 2014, has acquired Export Enterprises, operator of Paris-based market-intelligence platform eexpand, on undisclosed terms, Finextra and Global Trade Review reported July 22, 2026. The deal adds eexpand's 50-plus bank clients, its Trade Club Connect matchmaking tool and its Trade Pilot AI product to Mitigram's financing network. No valuation has been disclosed.

  • Augustus Raises $180 Million Series B at $1 Billion

    Augustus Raises $180 Million Series B at $1 Billion

    Funding and deals

    Augustus, a New York clearing bank, raised a $180 million Series B led by Tiger Global at a $1 billion valuation, the company said on July 21, 2026, taking total funding to $210 million. The round backs dollar-account rails for banks and fintechs in Latin America, Southeast Asia, the Middle East and Africa, including crypto platform Kraken.

  • Chime Undercuts Robo-Advisors on Fee

    Chime Undercuts Robo-Advisors on Fee

    Banking, neobanks and open banking

    Chime Financial, Inc. launched Chime Invest on July 20, 2026, adding commission-free self-directed trading and managed portfolios to its banking app, per Chime's newsroom announcement. Prime members pay no management fee, Plus members pay 0.10% annually, and all others pay 0.25% — undercutting typical robo-advisor pricing. SEC-registered Atomic Invest LLC manages portfolios; FINRA-member Atomic Brokerage LLC executes trades.

  • UK's DIGIT Tokenized Gilt Plan Stalls on Cash Leg

    UK's DIGIT Tokenized Gilt Plan Stalls on Cash Leg

    Regulation and compliance

    DIGIT, HM Treasury's planned tokenized gilt due by Q1 2027, does not hinge on blockchain readiness — it hinges on a missing cash leg. Only four sterling stablecoins exist, the largest capping near $34 million, per CoinDesk. The FCA's full cryptoasset regime does not commence until 25 October 2027, leaving settlement rails without a ready cash asset.

  • Natural Raises $30M Series A to Build a Payments Stack

    Natural Raises $30M Series A to Build a Payments Stack

    Funding and deals

    Natural, an 11-month-old fintech startup, has raised a $30 million Series A led by Forerunner's Kirsten Green, bringing its total funding past $40 million, the company confirmed July 20, 2026. The round funds an orchestration layer letting AI agents hold, move and receive funds autonomously — infrastructure CEO Kahlil Lalji positions against Stripe and Skyfire Systems.

  • UK's FCA Builds Its Own AI 'First Responder'

    UK's FCA Builds Its Own AI 'First Responder'

    Regulation and compliance

    The FCA, under chief executive Nikhil Rathi, is embedding agentic AI into supervision — a 'first responder' screening about a billion rows of wholesale-market data daily — as HM Treasury's October 2025 consolidation folds roughly 60,000 additional firms into its anti-money-laundering remit. The driver is a documented capacity gap, not innovation for its own sake.

  • Bank of Ireland Names Ex-Citi AI Architect Prag Sharma

    Bank of Ireland Names Ex-Citi AI Architect Prag Sharma

    Banking, neobanks and open banking

    Bank of Ireland has named Prag Sharma, previously a director at Citigroup's Future of Finance think-tank and founder of Citi's Global AI Centre of Excellence, as its first chief AI officer, effective October 2026. The bank says AI is core to its strategy through 2028; no budget, headcount or governance detail has been disclosed.

  • Revolut's Secondary Sale Values It at $115 Billion

    Revolut's Secondary Sale Values It at $115 Billion

    Funding and deals

    Revolut's valuation reached $115 billion in a secondary share sale priced at $2,017 per share, up from $75 billion in November 2025, per an internal message from CEO Nik Storonsky reviewed by the Wall Street Journal. Employees and existing shareholders are selling stock; Revolut raises no new capital in the transaction.

  • Ant International Closes $1.2 Billion Series A

    Ant International Closes $1.2 Billion Series A

    Funding and deals

    Ant International closed a Series A round of approximately $1.2 billion, according to a July 20, 2026 company statement carried by Finextra and Business Wire. Existing shareholders Ant Group and Alibaba Group backed the round alongside unnamed international institutions. The company said proceeds will fund cross-border payments, agentic-commerce tools and AI investment, at a reported $10 billion valuation.

  • Pay.com.au Raises $28M Series E

    Pay.com.au Raises $28M Series E

    Funding & Deals

    Pay.com.au raised $28 million in Series E funding, bringing total capital to $70 million, to launch PayRewards, its business rewards platform, in the US market, the company said August 24, 2026. Investors were not named. PayRewards lets businesses earn points on ACH and card bill payments with no monthly platform fee, competing on Australia's $7 billion payment-processing scale.

  • Scalable Capital Opens Trading to ChatGPT and Claude

    Scalable Capital Opens Trading to ChatGPT and Claude

    Banking & Neobanks

    Scalable Capital, a Munich-based broker with over 1 million clients and €60 billion in assets under management, on August 25, 2026 opened its platform to ChatGPT, Claude and Grok via Anthropic's Model Context Protocol. The AI agents can draft trades and savings plans; execution still requires a human's manual, two-factor-authenticated approval — not autonomous trading.

  • NatWest Deepens Enterprise Nation Tie-Up as Accelerator

    NatWest Deepens Enterprise Nation Tie-Up as Accelerator

    Banking & Neobanks

    NatWest has widened its partnership with small-business network Enterprise Nation to expand the free NatWest Accelerator programme, targeting 50,000 members across the UK in 2026 — a five-fold jump from its 2025 goal. NatWest says it signed up roughly 12,000 members last year, beating a 10,000-member target, per a 6 February 2026 NatWest Group release.

  • ADIB Names Pedro Uria-Recio as Its First Chief AI Officer

    ADIB Names Pedro Uria-Recio as Its First Chief AI Officer

    Banking & Neobanks

    Abu Dhabi Islamic Bank has appointed Pedro Uria-Recio, formerly CIMB Bank's chief data and AI officer, as its first chief AI officer, ADIB confirmed this week. He will build AI governance and infrastructure under the bank's Vision 2035 plan, covering a lender that serves 2.7 million customers and routes 94% of transactions digitally.

  • Fasset Hits $1 Billion Valuation on $68 Million Series C

    Fasset Hits $1 Billion Valuation on $68 Million Series C

    Funding & Deals

    Fasset, an AI-powered stablecoin neobanking platform, reached a $1 billion valuation after closing a $68 million Series C led by SBI Group, the company said August 24, 2026. It follows a $51 million Series B just three months earlier, putting 2026 funding at $119 million. The round funds licensing and payments-infrastructure expansion, not a token launch.

  • CommBank's x15ventures Launches PaidIt to Automate

    CommBank's x15ventures Launches PaidIt to Automate

    Payments & Embedded Finance

    CommBank's venture-scaling arm x15ventures launched PaidIt on 25 August 2026, an end-to-end platform that verifies recipients and delivers payouts via the New Payments Platform, PayID and ConnectID when contact details are incomplete. The launch precedes Australia's cheque phase-out — government use ends 2028, the full system by 2030 — and targets billions in unclaimed payments.

  • PayPal Sinks 13% as Stripe-Advent's $53 Billion Takeover

    PayPal Sinks 13% as Stripe-Advent's $53 Billion Takeover

    Funding & Deals

    PayPal shares fell more than 13% on August 28, 2026, after Bloomberg News reported that Stripe and private-equity firm Advent International abandoned their roughly $53 billion takeover bid. The consortium had offered $60.50 a share in mid-July; PayPal's board called the price inadequate and cited regulatory and financing hurdles, and the gap reportedly never closed before the consortium walked.

  • Bybit's New Options Wrap a Regulatory Gap

    Bybit's New Options Wrap a Regulatory Gap

    Crypto & Market Infrastructure

    Bybit is adding options on its existing stock perpetuals — starting Sept. 17, 2026 with SpaceX (SPCX) and Nvidia (NVDA), fractional lots, USDT settlement — per The Block. The structural story: an offshore derivatives exchange is layering leveraged, 24/7 options on equity-tracking instruments outside SEC/CFTC registration, with SpaceX exposure resting on a perpetual, not a share.

  • Visa and Mastercard Run First Syria Card Transactions Two

    Visa and Mastercard Run First Syria Card Transactions Two

    Payments

    Visa and Mastercard completed Syria's first international card transactions on August 27, 2026, two days after Washington rescinded the country's 1979 state-sponsor-of-terrorism designation. Mastercard routed the payment through Qatar's QNB Group; Visa used Lebanon's Fransabank as acquirer. Both are pilot transactions, not a merchant rollout — Syrian banks still lack direct network membership and AML infrastructure remains under construction.