Coinbase starts onboarding users again in India, plans for fiat on-ramp next year
Coinbase is exploring expansion into India with a staggered relaunch and hiring for different roles.
Fintech
Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back
PhonePe has shut down its Pincode app over two years after its debut.
Nexus isn’t going all-in on AI, keeping half of its new $700M fund for India startups
Nexus Venture Partners manages $3.2 billion in capital across its funds and has invested in more than 130 companies over the years.
Fintech firm Marquis alerts dozens of US banks and credit unions of a data breach after ransomware attack
Marquis said ransomware hackers stole reams of banking customer data, containing personal information and financial records, as well as Social Security numbers, belonging to hundreds of thousands of people. The number of affected people is expected to rise.
Kalshi raises $1B at $11B valuation, doubling value in under two months
The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.
Revolut hits $75B valuation in new capital raise
The deal was led by Coatue, Greenoaks, Dragoneer and Fidelity. Investors including Nvidia’s NVentures, Andreessen Horowitz, Franklin Templeton, and other backers advised by T. Rowe Price Associates also participated.
Source: Kalshi’s valuation jumps to $11B after raising massive $1B round
The quickly growing prediction betting market raised fresh capital from Sequoia and CapitalG, according to someone familiar with the deal.
Ramp hits $32B valuation, just three months after hitting $22.5B
In 2025 alone, Ramp has leapt from being worth $13 billion to $32 billion with new rounds every few months.
Sequoia-backed fintech Aspora will let Indian diaspora pay bills back home
UK-based Aspora, which has focused on remittances, will let non-resident Indians pay bills back home.