Zynk, a company founded by Amazon Pay’s former CTO, has raised USD 5 million in its seed funding to make global payments instant.

Amazon has initiated legal action against Perplexity AI, claiming the startup’s automated shopping technology accessed its customer accounts without authorisation.

Embat, an AI-powered cash and treasury management platform, has been selected by Google for the Google for Startups Gemini Founders Forum.

Pave Bank, a Georgia-based digital lender, has raised USD 39 million in its latest funding round led by Accel.

Revolut has announced that it has signed a strategic deal to acquire Swifty, an AI-enabled travel agent startup originally incubated at Lufthansa Innovation Hub (LIH).

Plasma, a blockchain startup, has launched a stablecoin-based neobank valued at USD 373 million, offering 10% Yields and services across 150 countries.

Crypto infrastructure startup Zerohash has raised USD 104 million in a Series D funding round to provide banks and fintech firms with blockchain-based products.

NVIDIA has announced plans to invest GBP 2 billion into the UK’s AI sector, aiming to support the expansion of startups and strengthen the country’s technological infrastructure.

OpenAI has reached a nonbinding agreement with Microsoft on a revised partnership that would allow the startup to convert its for-profit arm into a public benefit corporation (PBC).

Accion has completed the final close of a USD 61.6 million fund designed to back early-stage financial technology companies.