Latest FinTech & Blockchain News
BlockchainFX Presale Approaches $15M as Solana Drops to $78
BlockchainFX, a Web3 platform for crypto, stocks, forex, and ETF trading, has raised over $14.14M with 22,700 participants at $0.035 presale price, nearing launch on major exchanges. Meanwhile, Solana fell 13% weekly due to a $280M Drift protocol exploit via social engineering, eroding ecosystem trust.
Analysts predict BlockchainFX could hit $1 post-launch from its confirmed $0.05 listing.
Qover Secures Growth Capital from CIBC for AI and Platform Expansion
Insurance fintech Qover raised additional funding from CIBC to invest in its orchestration platform, AI, and infrastructure. Serving 15M users including Revolut and Mastercard, it aims for 55M by end-2026 and 100M by 2030.
The capital supports its next growth phase amid global expansion.
Better Money Raises $10M Seed for Stablecoin Clearinghouse
US stablecoin infrastructure startup Better Money secured $10M seed led by a16z crypto, with BoxGroup and others participating. The funding will build a stablecoin clearinghouse to enhance infrastructure.
Investors include prominent fintech and crypto figures like Patrick McHenry.
Brazil's UnblockPay Bags $4.5M Seed to Scale Stablecoin Payments
UnblockPay, a Brazilian stablecoin banking platform, raised $4.5M seed led by Prelude after processing $60M volume in its first year. Funds will expand operations, product development, and compliance strategy.
Backers include Plug and Play, Wintermute, and angels from Stone and iFood.
Figure Tech Reports Surging Q1 2026 Loan Volumes and $YLDS Growth
Figure Technology Solutions saw Q1 Consumer Loan Marketplace Volume hit $2,902M, up 113% YoY, with March at $1,190M (102% YoY). $YLDS stablecoin circulation reached $598M, up 83% QoQ.
Democratized Prime platform metrics like lender supply grew 112% QoQ.
SoFi Launches Big Business Banking with Crypto and Stablecoin Integration
SoFi introduced Big Business Banking for enterprises to manage USD, crypto, and SoFiUSD stablecoin in one FDIC-insured bank with 24/7 API payments. Built on Solana with partners like Bullish, BitGo, and Mastercard for fiat-crypto conversions.
Follows SoFi's record Q4 with $1.025B revenue and profitability.
Money20/20 Asia Unveils Intersection Stage on DeFi-TradFi Convergence
Money20/20 Asia (April 21-23, Bangkok) launches The Intersection Stage featuring regulators, banks, and innovators on digital assets and payments. Speakers include Bank of America, Standard Chartered, Fireblocks, Kraken on stablecoins, tokenization, and blockchain rails.
Sessions cover blockchain payment rails and CBDCs with Ripple, Paxos experts.
FLAIR 200 Index Drops as Regulatory Activity Surges in FinTech
FinTech Weekly's FLAIR 200 fell 10.1 points to 107.6, driven by contracting execution volume despite business activity at 37%. Regulatory activity nearly doubled to 14.4%, the largest category shift.
Highlights challenges in connecting digital dollars to instant payments.
Monzo Shuts US Operations After Securing Full EU Banking Licence
UK digital bank Monzo closed US operations on March 31, laying off 50 staff after getting ECB/Ireland licence for EU deposit-taking and lending. The licence enables access to deposit funding and capital markets unavailable to e-money institutions.
Existing US accounts stay open until June.
AccessPay Featured in Latest FinTech Funding Round-Up
FinTech Futures rounds up recent funding including AccessPay, alongside Qover and Brickken for global fintech growth. Covers ventures in payments, insurance, and tokenization platforms.
Highlights weekly international investment trends.
India FinTech Faces Challenges from Stricter Regulations
QED Investors' Nigel Morris notes India's fintech startups struggle to scale amid heightened regulatory scrutiny. Near-term hurdles impact early-stage growth in the sector.
Balances innovation with compliance demands.