London-based fintech Revolut secured conditional approval from the Office of the Comptroller of the Currency for a US national bank charter, marking the first of three required federal regulatory clearances. The company still needs approval from the FDIC and Federal Reserve before launching US banking operations planned for 2027.
Stablecoin payments company Kast has launched a new business-focused platform combining accounts, payment cards, and other services after closing an $80 million Series A funding round. The company, founded by former Circle executive Raagulan Pathy, aims to onboard between 1,000 and 5,000 active businesses by the end of 2026.
Stablecoin payments company Kast has launched a new business-focused platform combining accounts, payment cards, and other services after closing an $80 million Series A funding round. The company, founded by former Circle executive Raagulan Pathy, aims to onboard between 1,000 and 5,000 active businesses by the end of 2026.
The U.S. Office of the Comptroller of the Currency denied London-based payments company Wise's application for a national trust bank charter, citing deficiencies. Wise plans to resubmit a new application under the GENIUS Act stablecoin framework.
Payment processor Stripe and private equity firm Advent International have jointly offered to acquire PayPal Holdings for $60.50 per share, valuing the deal at approximately $53 billion. PayPal's stock surged 14-15% following the news.
