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Finance
OpenAI, Kraken and AmEx join April\'s top 5 global fintech M&A deals
Global fintech mergers and acquisitions in April highlight efforts to secure AI capabilities, bring operations under regulatory infrastructure and expand payments and loyalty businesses. Crypto firms moved to acquire exchanges to obtain regulatory licences, while big tech and financial companies focused on absorbing AI-based personal finance and corporate spending management technology. Payward, OpenAI, American Express, Mimir Group and Adyen pursued deals spanning digital assets, AI finance and payment infrastructure.
AI & Enterprise
Corporate ID verification startup Duna raises 30 million euros
Duna, a corporate identity (ID) verification startup founded by former Stripe employees, has raised 30 million euros in a Series A funding round, TechCrunch reported on Feb. 4 local time. Alphabet growth fund CapitalG led the round, joined by senior executives from Stripe and Adyen as angel investors. Duna offers tools that help fintech firms onboard corporate clients more efficiently and aims to build global trust infrastructure to reuse verification data across platforms.
Finance
U.S. buy now, pay later transactions hit record; Adobe sees 11 percent rise
Buy now, pay later services in the U.S. are growing rapidly, with record transaction volumes from the start of the year-end shopping season. Adobe Analytics put BNPL payments at $10.1 billion from Nov. 1 to Dec. 1, up 9 percent, and forecast $20.2 billion for November and December, up 11 percent. Klarna and Block reported higher usage. Regulators in seven states have sought information from six BNPL firms.