Stripe has teamed up with private equity firm Advent International to acquire PayPal. Stripe and Advent are offering $60.50 per share in a deal that would value the payments firm at more than $53 billion. The acquisition would give Stripe and Advent each a 50% stake in the company and the offer, which is currently under consideration by the PayPal board, is supported by $50 billion in committed bank financing.
The acquisition would be a major development in e-commerce and payments,...
- Business banking platform Flex raised $70 million in a Series B1 round to expand its business finance, payments, private credit, and ERP offerings while doubling its workforce.
- The company also launched Flex Global, a cross-border banking service that combines multi-currency accounts, global payments, and stablecoin infrastructure to enable faster international money movement.
- With Flex Global, Flex is positioning itself to compete more directly with Brex and Ramp by offering...
- Banking AI platform Glia and financial services consortium Alloy Labs have jointly released their 2026-2027 Banking AI Strategic Annual Planning Kit.
- The planning kit is a cross-functional blueprint that gives leaders at banks and credit unions guidance on deploying banking-specific AI solutions.
- Glia is a multiple-time Finovate Best of Show winner. Alloy Labs most recently demoed its technology on the Finovate stage at FinovateFall 2022.
Banking AI platform Glia and...
- Wealthtech platform Avaloq and Banque Internationale à Luxembourg (BIL Suisse) renewed their strategic partnership this week. The two entities have worked together for more than ten years.
- Avaloq and BIL Suisse noted that the next phase of the collaboration will emphasize joint innovation and enhanced client-based services for customers in the Swiss market.
- Founded in 1985, Avaloq won Best of Show at FinovateAsia 2018 in Hong Kong.
Wealth management technology platform ...
Fintech solutions provider CSI has acquired payments infrastructure and treasury solutions provider Qolo for an undisclosed amount.
CSI anticipates that the acquisition will strengthen its commercial banking solutions by offering its community financial institution clients more flexible deposit structures and expanded commercial card programs. Adding Qolo's existing clients to its own roster will also extend CSI’s geographical reach.
More specifically, CSI will use Qolo’s...
