AI
Stripe Acquires OpenRouter in Reported $7.5B AI Infrastructure Deal
Stripe is acquiring OpenRouter in a reported $7.5 billion deal, expanding beyond payments into AI model routing, token spending and developer infrastructure.
Fintech
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BriefRillet Raises $100M Series C at $1B Valuation
Rillet raises $100 million in a Series C led by Iconiq at a $1 billion valuation as its AI-native accounting platform expands to more than 600 customers.
FintechNavi Raises $100M From Prosus in First Institutional Round
Navi has raised $100 million from Prosus in its first institutional funding round as the Sachin Bansal-founded fintech prepares for a potential IPO in India.
AppsPayPal and Venmo Add Tuition Payments at U.S. Colleges
PayPal and Venmo now let students and families pay tuition and fees at participating U.S. colleges through Illumia, Nelnet Campus Commerce and TouchNet.
BriefTikTok Explores Peer-to-Peer Payments Through Direct Messages
TikTok is reportedly developing peer-to-peer payments via direct messages, with hidden code in the app indicating that users could send and accept money using TikTok Pay.
BriefPayPal Sale Talks With Stripe and Advent Reportedly Heat Up
PayPal is reportedly in renewed sale talks with Stripe and Advent after rejecting a $53 billion offer, as CEO Enrique Lores pushes a broader turnaround plan.
FintechIndia Moves to Reshape UPI Business Model With Merchant Fee Framework
India has introduced legislation that could allow merchant charges on some UPI transactions, creating a potential new revenue model for the country’s digital payments network.
VentureRyan Williams Raises $10M for AI Startup Ellis Serving Private Credit
Ellis AI emerged from stealth with $10 million in seed funding to help private credit firms automate workflows using AI agents.
CommercePayPal Signals Openness to Higher Takeover Bid After Strong Q2 Earnings
PayPal has left the door open to a higher takeover offer after beating Q2 expectations, as Stripe’s reported $53.4 billion bid remains on the table.
BriefElon Musk’s X Begins US Rollout of X Money With Visa Debit Card
Elon Musk’s X is rolling out X Money to paid US subscribers with a Visa debit card, peer-to-peer payments, up to 6% APY and cash-back rewards.
HardwareApple Launches Klarna-Powered Device Leasing Programme for iPhone, Mac, iPad and Apple Watch
Apple has introduced a new device leasing programme with Klarna, allowing eligible U.S. customers to lease iPhones, Macs, iPads and Apple Watches through affordable monthly payments.
FintechNatural Raises $30 Million to Build AI Payment Infrastructure and Challenge Stripe
AI fintech startup Natural has raised $30 million in Series A funding to develop payment infrastructure that enables autonomous AI agents to send, receive and manage payments without human…