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.

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.

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.

Bain Capital Tech Opportunities led a $74 million minority growth investment in RQD* Clearing, a New York correspondent-clearing and custody firm, alongside existing investors ABN AMRO Clearing Bank, Nyca Partners, Gentree Fund and Belvedere Strategic Capital, per an August 27, 2026 Bain Capital announcement. Valuation was undisclosed; proceeds fund Middle East and Asia expansion plus digital-asset custody infrastructure.

The Monetary Authority of Singapore committed S$220 million (US$173 million) over three years to FSTI 4.0, a co-funding grant scheme — not equity or a fund investment — spanning six tracks: internships, AI/DLT/quantum project grants, the PathFin.ai AI-scaling platform, shared infrastructure, specialist talent centers, and FinTech Festival/Hackcelerator awards. MAS announced FSTI 4.0 on August 31, 2026.

TabaPay closed $155 million in growth financing led by FTV Capital and agreed to acquire Denver-based Transact Bank, N.A., converting it into TabaBank under a new holding company, TabaHoldings. The deal gives the payments processor an OCC charter and direct Federal Reserve rail access, reducing reliance on partner banks and state money-transmitter licenses.

PayPal has paused the sale of its venture capital portfolio — which holds stakes in Tabby and Anchorage Digital — after bidders offered no more than 60 cents on the dollar, Axios reported September 4, 2026, citing unnamed origins. PayPal, winding down the roughly $850 million unit under new CEO Enrique Lores, won't yet book that steep a discount.

Yuno, a Colombia-founded payments orchestration platform that raised $45 million in an August 2026 Series B, has added Revolut Pay's biometric checkout plus Revolut's acquiring and gateway services to its single-API integration via a new Revolut Business partnership — scoped to the UK, EEA, Singapore and Australia, per Yuno's September 3, 2026 release cited by PYMNTS.

Tether, issuer of the USDT stablecoin, led a $3 million seed round for Colombian multicurrency fintech Plenti, with Verda Ventures co-investing, Finextra reported September 3, 2026. Neither the valuation nor Tether's resulting stake was disclosed. The deal signals stablecoin issuers moving from passive collateral to direct equity in dollar-access apps expanding into Peru and Bolivia.

Ramp is in early talks to raise about $1 billion in primary funding at a $60 billion valuation, Bloomberg reported Sept. 8, 2026, citing unnamed origins. That would be a 36% markup on the $44 billion Series F it closed in June — its third valuation step-up in about 13 months. Terms remain unconfirmed; Ramp declined to comment.

Tether and Fasanara Capital have launched StableFund, a $400 million private-credit vehicle targeting up to $3 billion in institutional capital, to fund SME and consumer loans across more than 60 countries — a bet that stablecoin settlement rails, not just Treasury yield, are Tether's next margin play as its own reserve buffer has halved this year.