Topic: #fintech
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Tether launches $400M private-credit fund as defaults hit five-year highs
Tether and Fasanara Capital unveiled StableFund, a $400 million vehicle targeting up to $3 billion in institutional capital for USDT-backed lending across fintech networks. The move marks Tether's expansion into private credit as major funds report record defaults.
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Singapore commits $173M to fintech innovation across six funding tracks
Singapore's Monetary Authority unveiled FSTI 4.0 on August 31, allocating up to $173 million over three years to deepen the nation's fintech ecosystem through talent development, technology adoption, and infrastructure investment.
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Rillet reaches $1 billion valuation in $100M Series C funding round
Rillet, an AI-native accounting platform for venture-backed startups, closed a $100 million Series C round at a $1 billion valuation, led by ICONIQ with backing from Sequoia Capital, Andreessen Horowitz, and new investors including Bain Capital Ventures and Battery Ventures.
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TikTok Explores P2P Money Transfers via Direct Messages
TikTok is exploring a direct-message feature that would let users send money to each other using TikTok Pay, according to hidden code in the US iPhone app. The company said the feature isn't being tested anywhere yet.
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Visa Launches Stablecoin Platform for Banks and Fintechs
Visa introduced a stablecoin platform enabling financial institutions to issue, hold, and transfer stablecoins through its payments network, supporting Open USD, USDC, and USDG at launch.
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Metaplanet surges 12% on Bitcoin-backed yield product strategy
Tokyo-listed Metaplanet announced plans to acquire Siiibo Securities for $13 million, signaling a strategic shift toward regulated Bitcoin-backed financial products targeting Japanese investors with yields of 6–12%.
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Razorpay confidentially files for IPO at $5–$6B valuation
Razorpay, India's leading fintech platform, has confidentially filed its IPO prospectus targeting $600 million at a $5–$6 billion valuation—a significant markdown from its $7.5 billion peak. The move reflects a broader trend among Indian startups seeking measured market debuts amid regulatory scrutiny.
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Ant Group launches AI Wallet, Token Pay to challenge WeChat dominance
Ant Group rolled out AI Wallet and Token Pay on May 26, enabling autonomous transaction execution. Alipay's AI Pay reached 100 million active users by February 2026, processing 120 million AI-agent transactions in a single week.