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Payoneer Aims to Launch Stablecoin-Focused Digital Bank
Cross-border payment FinTech Payoneer applied to the Office of the Comptroller of the Currency to open a digital bank, according to a Tuesday (Feb. 24) press release. PAYO Digital Bank, N.A...

Basis Raises $100 Million to Build Up AI in Accounting
Accounting-focused artificial intelligence (AI) startup Basis has raised $100 million in new funding. The company’s Series B round, announced Tuesday (Feb. 24), was led by Accel and Googl...

PayPal Ventures Helps X-Border Payment Firm Xflow Raise $16 Million
India-based cross-border payments company Xflow raised $16.6 million in new funding. “This milestone strengthens our mission to simplify cross-border payments for Indian exporters,” the...

Home Depot’s B2B Business Nears 50% of Revenue Amid DIY Slowdown
Home Depot is learning to grow even when housing does not. The retailer on Tuesday (Feb. 24) reported fourth-quarter 2025 adjusted earnings per share of $2.72, comfortably ahead of Wall Str...

Stripe Reaches Record Valuation as Global Volume Hits $1.9 Trillion
Stripe was valued at $159 billion in a tender offer designed to provide liquidity to current and former employees, the programmable financial services company said in a Tuesday (Feb. 24) update. ...

Meta Inks AI Agreement With Chipmaker AMD
Meta has signed an AI infrastructure agreement with chipmaker AMD. The deal, announced Tuesday (Feb. 24), will see AMD supply up to 6GW of its Instinct GPUs to help Meta support its arti...

RedotPay Seeks IPO for Stablecoin Payments Firm
Hong Kong-based stablecoin payments firm RedotPay is reportedly planning to go public. The company is weighing a U.S. initial public offering (IPO) that could raise more than $1 billion, B...

Thomson Reuters CoCounsel Reaches 1 Million Users as Professionals Embrace Agentic AI
Thomson Reuters’ professional-grade artificial intelligence technology CoCounsel has been adopted by 1 million professionals across 107 countries, the company said in a Tuesday (Feb. 24) press relea...

FedEx Sues US Government to Recoup Tariff Losses
FedEx has taken legal action over the tariffs recently struck down by the Supreme Court. The shipping giant’s complaint, filed Monday (Feb. 23), is believed to be the first major lawsuit ...

Asia Pacific CFOs Push Banks to Rethink Working Capital, Study Finds
Watch more: Need to Know With Visa’s Chavi Jafa Nearly half of growth corporates across Asia Pacific, companies with revenues between $50 million and $1 billion, say they don’t use work...