Payward, a unified financial infrastructure platform, has agreed to acquire Reap Technologies, a stablecoin-native card issuing and payments infrastructure company, for up to $600m in a deal that values Payward at $20bn. The transaction will be settled through a combination of cash and Payward stock. The acquisition will bring card issuance, cross-border payments, and stablecoin treasury services into Payward Services,...

ANNA Money, an AI-powered business account platform focused on automating tax admin for UK small and medium-sized enterprises (SMEs), has announced a series of product updates headlined by the introduction of a new business savings bank account. The centrepiece of the launch is a business savings account developed in partnership with Griffin, a UK bank serving FinTechs and platforms. The...

Gresham, a global provider of enterprise data management (EDM) solutions, has announced a strategic partnership with FundGuard, the cloud-native, AI-enabled investment accounting platform, aimed at delivering unified, data-first portfolio insight to institutional investors. The collaboration integrates FundGuard's multi-book investment accounting capabilities with Gresham's EDM solutions, allowing institutional investors, asset managers, and fund administrators to work from a single source of...

Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date. The raise strengthens its ability to absorb extreme weather losses as it scales its direct-to-consumer property insurance model, according to Beinsure. The capital was raised through Hestia Re Series 2026-1, structured across four bonds, and provides multi-year protection...

Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market.  The agreement establishes Coalition as Allianz’s exclusive global partner for commercial cyber insurance across all segments, combining Allianz’s scale, distribution reach and balance sheet strength with Coalition’s data-driven, prevention-focused underwriting model. This collaboration is set to accelerate...

Payward, a unified financial infrastructure platform and parent company of digital asset exchange Kraken, has signed a definitive agreement to acquire Reap Technologies Holdings Limited, a stablecoin-native card issuing and payments infrastructure company, in a deal worth up to $600m. The transaction will be settled through a combination of cash and Payward stock, with the deal implying an equity valuation...

StarCompliance, a leading provider of employee and firm compliance technology, has unveiled StarAssist, a new AI-powered capability designed to deliver greater clarity, speed, and explainability to compliance decision-making. StarAssist sets itself apart from standalone AI tools by being fully embedded within the STAR Platform rather than operating as a separate overlay. This allows firms to accelerate their workflows whilst preserving...

InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation. The round brings Corgi’s total funding to more than $268m and marks a significant milestone in its ambition to rebuild core insurance infrastructure using artificial intelligence and automation, according to FF News. The company is focused on replacing fragmented legacy systems across underwriting,...

Pit, a Swedish AI startup developing custom enterprise software, has emerged from stealth with $16m in seed funding led by Andreessen Horowitz, as it looks to replace manual business workflows with AI-driven systems. The funding will support Pit’s global expansion and continued development of its platform, which is designed to help enterprises move away from fragmented tools and manual processes. The...

Fazeshift, an AI-native platform that deploys autonomous agents to carry out end-to-end accounts receivable workflows, has secured $17m in Series A funding, bringing its total capital raised to $22m. The round was led by F-Prime, with contributions from Gradient — Google's early-stage AI fund — alongside Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, and a number of prominent angel investors....