South Korea’s fintech and tech giant Naver is reportedly preparing to acquire Dunamu, the operator of Upbit, the fourth-largest crypto exchange by volume. The deal, expected to be executed via a stock swap, would bring Upbit under the umbrella of Naver Financial, expanding the group’s influence from internet services to crypto. Strategic Expansion into Crypto and Stablecoins Naver, often called South Korea’s Google, has built a vast ecosystem spanning search, e-commerce, digital payments, and global con ...

Valued at a market cap of $6.7 billion, MarketAxess Holdings Inc. (MKTX) is a financial technology company that operates an electronic trading platform for institutional investors and broker-dealers. The New York-based company primarily focuses on fixed-income securities, including corporate bonds, municipal bonds, U.S. high-grade and high-yield debt, emerging-market debt, and Eurobonds. Companies worth $2 billion or more are typically classified as “mid-cap stocks,” and MKTX fits the label perfectly, wit ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: A federal judge is sending the New York attorney general’s complaint against earned wage access provider DailyPay to a state court, rejecting the fintech’s claim that it belongs in federal court. The lawsuit was formally remanded to New York Supreme Court on Tuesday, following U.S. District Judge John Koeltl’s Sept. 19 ruling. MoneyLion, a second EWA ...

RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status. The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday email. RedotPay aims to blend blockchain speed and efficiency with traditional payment networks. Founded in 2023, the company has more than 5 million ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Finance automation firm Tipalti has obtained $200 million in growth financing from Hercules Capital, the fintech said in a Wednesday press release.  The financing will be used to further Tipalti’s investments in artificial intelligence and product innovation, as well as support customer growth, Tipalti said. A spokesperson for Tipalti didn’t immediat ...

Photo by BeInCrypto South Korea's local media reports that Dunamu, the operator of the Upbit cryptocurrency exchange, and Naver's subsidiary are to be consolidated into a single business group. A new super app is expected to emerge. According to the Dong-a Ilbo report, Naver Financial, whose largest shareholder is Naver Group, Korea's largest portal site, and Dunamu are pursuing a comprehensive stock swap. Naver confirmed that such a discussion is ongoing in its official disclosure. If the deal is comple ...

Funding Round Brings Global HeavyweightsBastion, a startup building infrastructure for third-party stablecoin issuance, has raised $14.6 million in a funding round led by Coinbase Ventures. The announcement Wednesday also confirmed participation from Sony, the investment arm of Samsung, Andreessen Horowitz’s crypto division, and venture capital firm Hashed. The deal brings Bastion’s total capital raised to roughly $40 million, following a $25 million round in September 2023 led by Andreessen Horowitz.At the ...

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PayPal (PYPL) has had a tough run in 2025, with its stock sinking more than 20% year-to-date, underperforming the broader market. The combination of rising competition in the fintech space and macroeconomic uncertainty has pressured its shares. However, recent developments suggest that the company may be setting the stage for a significant recovery. PayPal’s Blue Owl Deal A key development is PayPal’s new partnership with Blue Owl Capital, a prominent alternative asset manager, which will help PYPL to li ...

Vancouver, B.C., Sept. 24, 2025 (GLOBE NEWSWIRE) -- NextGen Digital Platforms Inc. (CSE:NXT) (OTCQB:NXTDF) (FSE:Z12) (“NextGen” or the “Company”) a digital asset and fintech platform bridging traditional capital markets with Web3 infrastructure, is pleased to announce that the Canadian Securities Exchange (the “CSE”) has conditionally approved the proposed expansion of its business into the digital asset ecosystem and the implementation of a cryptocurrency treasury management strategy (the “Change of Busine ...