.png "A quick and simple roundup of startup news for 22 Nov 2025. See today’s funding deals, new launches, and important updates.")
A quick and simple roundup of startup news for 22 Nov 2025. See today’s funding deals, new launches, and important updates.
Digital-first VALT bank seeks denovo charter in Idaho
VALT Bank, founded by former U.S. Bank executives, has applied to federal regulators (OCC and FDIC) for a new de novo bank charter, planning to be headquartered in Eagle, Idaho. The proposed institution is a digital-first business bank focused on providing lending, deposits, cash management, and data-driven advisory tools to "digitally demanding" small and midsize businesses (SMBs). This move reflects a broader trend of new banks seeking traditional charters to provide full-service banking combined with advanced fintech capabilities, subject to high regulatory scrutiny.
Mexico Fintech Inks $50 Million Credit Line to Boost Microloans
The Mexican fintech Aviva, which targets the underbanked population with microloans via a "phygital" (physical-digital) model, secured a $50 million credit facility from an institutional impact investment manager, Community Investment Management (CIM). This large credit line is key to financing Aviva's mission to scale its operations across Mexico, enabling it to provide essential financial access to hundreds of thousands of individuals in the informal sector. The financing is a crucial step ahead of its anticipated Series A equity funding round.
WhiteBIT launches W Group
On its seventh anniversary, the major European crypto exchange WhiteBIT launched the W Group, a new global fintech ecosystem unifying eight companies, including Whitepay, Whitechain, and HashBank (Georgia's first fully digital bank). The W Group now serves a massive 35 million users worldwide with a capitalization of $38.9 billion. This expansion signifies the company's transformation from a single crypto exchange into a diversified powerhouse, aiming to drive the mass adoption of blockchain and digital finance tools globally.
MoneyHero Group to Announce Third Quarter 2025 Results
MoneyHero Limited, the leading personal finance comparison and aggregation platform in Greater Southeast Asia, has announced it will release its Third Quarter 2025 financial results on December 5, 2025, before the market opens. Following the release, a conference call will be held to discuss the performance, providing transparency to investors. The results will be key to assessing the company's growth and operational success across its core markets, which include Singapore, Hong Kong, and the Philippines.
Montfort Capital Announces Third Quarter 2025 Financial Results
Montfort Capital Corp. announced its Q3 2025 financial results, showing a net loss from continuing operations of $4.5 million, but offset by a net income of $4.9 million from discontinued operations following the strategic sale of its Brightpath business unit. The CEO emphasized that restructuring efforts, including significant overhead reductions, are leading to improved operating efficiency and positive cash flow after non-cash adjustments, even as loans receivable grew across core business lines.
RBI and European Union's central bank agree to start initial phase of linking domestic payment systems
The Reserve Bank of India (RBI) and the European Union's central bank (ECB) have formally agreed to commence the initial phase of linking their respective domestic instant payment systems. This strategic decision, following constructive engagement, aims to establish an interoperable connection between UPI and the Eurosystem's TIPS. The collaboration is aligned with the G20 roadmap to significantly improve the speed, cost, and transparency of cross-border payments between India and the Euro Area.
UPI Set To Enter Europe As RBI, NIPL Move to Link With ECB’s TIPS
India's Unified Payments Interface (UPI) is moving closer to entering Europe, as the RBI and its international arm, NIPL, have advanced the project to link UPI with the European Central Bank's (ECB) TARGET Instant Payment Settlement (TIPS) platform into the "realisation phase." This development is crucial for enabling instant, cheap cross-border remittances and payments between the two large economic regions, benefiting users and supporting the internationalization of India's payment technology.
ECB moves to link TIPS with India’s UPI and Nexus Scheme
The European Central Bank (ECB) confirmed it is progressing the plan to link its TARGET Instant Payment Settlement (TIPS) with both India's UPI and the Nexus Global Payments scheme. Moving to the "realisation phase" for the UPI link, the ECB is concurrently studying the feasibility of connecting to Nexus, which interconnects fast payment systems across multiple Asian countries. This dual approach aims to greatly simplify and speed up cross-border payments across a vast Eurasian corridor.
Navi UPI partners with ONDC to enable metro QR ticketing for users in Delhi, Mumbai and Bengaluru
Navi UPI has integrated with the Open Network for Digital Commerce (ONDC) to launch a QR-based metro ticketing service directly within its app for users in Delhi, Mumbai, and Bengaluru. This partnership simplifies the commute by allowing route planning, instant ticket purchases, and payment in a single interface, eliminating the need for cash or separate apps. Navi plans to quickly extend this service to Chennai, Hyderabad, and Kochi.
Juspay Turns Profitable in FY25, Posts INR 62 Cr Net Profit
SoftBank-backed fintech Juspay has achieved a major financial milestone by turning profitable in FY25, posting a net profit of INR 62 crore ($7.5 million), a significant reversal from the previous year's loss. This profitability was driven by a 48% rise in net revenue and the scaling of its payment infrastructure, which processes an annualised TPV of $1 trillion, confirming the financial maturity of India's leading payment technology providers.
Klarna widens BHN deal for new gift card launch
Klarna, the global digital bank and flexible payments provider, has expanded its partnership with Blackhawk Network (BHN) to integrate Klarna's flexible payment options into BHN's extensive gift card network, including Giftcards.com. This move aims to allow millions of consumers to use Klarna's 'Pay in 4' or 'Pay in 30 days' options when purchasing gift cards from hundreds of brands utilizing BHN's digital gifting platform, boosting sales just in time for the holiday season and further tapping into the $447 billion U.S. gift card market.
FICO partners with Plaid to launch Cash Flow UltraFICO Score
FICO and Plaid have partnered to introduce the next generation of the Cash Flow UltraFICO Score, combining the trusted FICO Score with real-time, consumer-permissioned cash-flow data from Plaid's Open Finance network. Distributed via Plaid Check, this new solution offers lenders a single, enhanced score for superior consumer risk assessment. It enables more secure and inclusive credit decisions by leveraging banking activity, helping lenders move beyond traditional credit file data to serve a broader range of consumers.
Bahrain and Singapore Partner to Launch National Digital Public Infrastructure for Trade
Bahrain has entered the implementation phase of its National Digital Public Infrastructure (DPI) Initiative in collaboration with Singapore-based MonetaGo. This project will create a secure digital ledger for all financed trade transactions and invoice submissions to combat fraud. The main goal is to strengthen trade finance and de-risk SME lending by providing banks with alternative data for credit scoring, establishing a critical, trusted digital trade bridge between the Middle East and Asia.
Mojaloop Foundation’s Global Partner Program expands with four institutions
The Mojaloop Foundation has expanded its Global Partner Program by adding four influential organizations: Finternet, the Global Finance & Technology Network (GFTN), Innovations for Poverty Action (IPA), and Visa. This collaboration aims to accelerate the development and adoption of open, interoperable instant payment systems (IIPS) worldwide. Specifically, the partnership with Visa will see its Account-to-Account (A2A) Protect fraud solution integrated into the Mojaloop platform, enhancing the security of digital payments in emerging markets.
Capital on Tap closes £500m deal to boost SMB credit
Capital on Tap, the business credit card and spend management platform, successfully closed its third asset-backed securitization (ABS), dubbed "London Cards 3," securing a £500 million funding package. This deal is the largest non-bank credit card ABS ever issued in Europe and provides a massive, long-term funding source for the company. The funding, which achieved investment-grade ratings, is intended to act as "rocket fuel" to accelerate product development and significantly boost the platform's capacity to extend credit to UK and US small businesses (SMBs).
Tidalwave raises $22 million Series A to improve the mortgage process with AI
Tidalwave, an agentic AI-powered mortgage point-of-sale (POS) platform, raised a $22 million Series A funding round led by Permanent Capital, with participation from D.R. Horton, the nation's largest homebuilder. The funding will be used to enhance and accelerate the adoption of its intelligent AI agents, which automate end-to-end mortgage tasks like verification and underwriting. This aims to cut the average 43-day closing time, drastically streamlining a fragmented, manual process for lenders and borrowers.
Tidalwave Raises $22M Series A, on Track to Reach 4% of U.S. Mortgage Market
Following its $22 million Series A funding round, Tidalwave announced it is on track to power more than 200,000 loans annually, which is equivalent to approximately 4% of the projected U.S. mortgage originations for 2026. This ambitious target highlights the rapid market penetration expected from its agentic AI platform. The technology uses direct integrations with Fannie Mae, Freddie Mac, and various verification partners to deliver instant underwriting and a radically simpler, paperwork-free experience.
Staysure expands into Ireland with tailored travel insurance
Staysure, a prominent UK travel insurance provider specializing in coverage for older travelers and those with pre-existing medical conditions, has launched its suite of tailored products in the Republic of Ireland. This first major expansion beyond the UK targets an expanding Irish market, where over a quarter of the population is over 55. The move aims to fill a void for specialist travel insurance, making travel safer and more inclusive for a growing demographic with complex coverage needs.
Japanese insurer Tokio Marine to buy US-based Agrihedge for $970m
Japanese insurance giant Tokio Marine Holdings is set to acquire US-based agricultural hedging firm Agrihedge for US$970 million in a strategic move. The acquisition will integrate the Commodity and Ingredient Hedging (CIH) company into Tokio Marine's US operations, expanding its fee-based solutions business. This is intended to strengthen its existing agricultural product offerings by adding non-insurance risk solutions, such as derivatives brokerage and consulting, aligning with Tokio Marine's goal to spend over $10 billion on overseas M&A.
Banks embrace AI as compliance transformation accelerates
Banks are rapidly accelerating their compliance transformation by embracing AI, with almost 80% of organizations planning to invest in AI for financial crime compliance by 2026. This shift is moving the sector from manual, reactive controls to proactive, intelligence-led approaches, offering anticipated ROI within 12–24 months in areas like transaction monitoring. Despite the momentum, major hurdles remain, including data quality, with only 11% of respondents reporting being "very confident" in their data integrity.
Fenergo launches KYC solution with Moody’s data integration
Fenergo, a provider of Client Lifecycle Management (CLM) and RegTech solutions, has partnered with Moody's Corporation to integrate Moody's Entity Verification API into its FinCrime OS platform. This integration is designed to enable "perpetual KYC" by accessing real-time entity data, curated entity information, and a comprehensive risk database covering over 600 million companies globally. This significantly automates data sourcing, reduces manual reviews, and shifts financial institutions from costly periodic KYC to a more efficient, event-driven compliance model.
KYC360 joins Experian to boost end-to-end compliance
Experian has acquired KYC360, a move to create a unified platform for risk assessment. By combining KYC360's screening, onboarding, and Customer Lifecycle Management (CLM) tools with Experian's global data and fraud-prevention expertise, the goal is to offer a single, integrated view of risk across financial crime, credit, identity, and fraud. This consolidation aims to reduce vendor complexity for financial institutions while enhancing their ability to meet regulatory expectations around continuous risk monitoring.
Doppel lands $70m to expand social engineering defence
Doppel, an AI-native social engineering defense platform, secured a substantial $70 million Series C funding round, led by Bessemer Venture Partners, bringing its total funding to $124 million and valuing the company at over $600 million. The capital will fuel expansion across its Digital Risk Protection and Human Risk Management offerings. Doppel uses agentic AI and a real-time threat graph to track, remove impersonation attempts, and provide deepfake-driven security simulations against AI-powered social engineering attacks.
HawkSoft and Liberate partner to power voice AI automation
HawkSoft, a leading agency management system provider, has partnered with Liberate, an AI automation company, to integrate insurance-native Voice AI directly into the HawkSoft platform. This partnership empowers independent insurance agencies to automate service, quoting, and call routing tasks 24/7 in multiple languages, using AI designed specifically for insurance terminology. The goal is to reduce phone call burdens, enhance quoting efficiency, and free up agents for higher-value sales and relationship-building activities.
Perplexity Releases Android Version of Comet Browser, Says iOS Version Coming Soon
Perplexity has launched its Comet AI browser for Android devices, following its earlier debut on desktop. The mobile browser is built around an AI assistant, offering core features like smart summarization of articles, voice-mode interaction, and the option to set Perplexity as the default search engine. This launch positions Perplexity as a major competitor in the race to redefine web navigation with AI-centric browsing, with the iOS version confirmed to be coming soon.
OpenAI taps Foxconn to build AI hardware in the U.S.
OpenAI and manufacturing giant Foxconn have partnered to design and prepare for U.S. manufacturing of next-generation AI data center hardware, including data center racks, cabling, and cooling systems. This collaboration aims to fortify the domestic supply chain and accelerate the deployment of advanced AI systems. OpenAI will provide insights into future model hardware requirements, leveraging Foxconn's expertise as the world's largest AI data server manufacturer.
Foxconn, OpenAI partner on AI hardware manufacturing
Foxconn and OpenAI have formally announced their partnership to collaborate on the design, engineering, and U.S. manufacturing readiness of AI infrastructure hardware. This agreement, while not initially including firm purchase commitments, allows OpenAI early access to evaluate and potentially purchase the new systems. The collaboration is intended to strengthen and simplify the American AI supply chain, accelerating the integration of advanced AI models into the U.S. industrial base.
Foxconn can make 1,000 AI racks a week, to increase next year, chairman says
Foxconn Chairman Young Liu stated that the company currently possesses the capability to manufacture 1,000 AI racks per week and plans to increase this capacity significantly in the coming year. This announcement, made amid the company's new partnership with OpenAI, highlights Foxconn's massive scale and leadership in the AI server market, signaling its commitment to meet the escalating global demand for high-performance computing infrastructure.
Foxconn to spend up to $3 billion a year on AI, chair sees China EV shakeout
Foxconn Chairman Young Liu announced the company plans to spend up to $3 billion annually on AI-related ventures, including R&D and capital expenditure on AI server manufacturing. Liu also publicly predicted a shakeout in the highly competitive electric vehicle (EV) market in China, suggesting a consolidation where only a few large players will remain. This shows a strategic shift in capital and focus towards the booming AI sector.
AI research startup Redrob secures $10 Mn in Series A round
AI research startup Redrob secured $10 million in Series A funding led by Korea Investment Partners. The capital will be used to develop India-focused language models across all 22 constitutionally recognized languages, create a cost-effective ML architecture, and offer free access to its Large Language Model (LLM) to all Indian universities from Q1 2026. The funding is critical to Redrob's goal of democratizing high-quality AI access in emerging markets.
Semiconductor startup Sophrosyne Technologies raises $2 Mn led by Bluehill.VC
Sophrosyne Technologies, a Bengaluru-based fabless semiconductor startup focused on ultra-low power biosensing solutions for wearable health devices, has raised $2 million in seed funding from Bluehill.VC. This capital infusion will enable the company to accelerate its transition from prototype silicon to full-scale product development and support early customer deployments, focusing on integrating multiple sensing functions like ECG, PPG, and temperature into a single, power-efficient System-on-Chip (SoC).
Samsung joins $35m series A for US AI startup Archetype
US-based startup Archetype AI, which is developing "Physical AI" for real-world environments, closed a $35 million Series A funding round led by IAG Capital Partners and Hitachi Ventures, with Samsung Ventures also participating. Archetype's platform uses its foundation model, Newton, to fuse multimodal sensor data with natural language. The funding will accelerate the development and deployment of "Physical Agents" for operational monitoring, task verification, and safety across industrial sectors like manufacturing and logistics.
US AI startup Genspark nets $275m series B, valued at $1.3b
US AI startup Genspark secured a massive $275 million Series B funding round, achieving a valuation of $1.3 billion, thereby reaching "unicorn" status. The company, based in Palo Alto, develops an AI-native workspace system to automate business tasks. Supported by investors including Emergence Capital and LG Technology Ventures, Genspark reported exceeding $50 million in annualized run rate just months after launching its suite of AI productivity tools, underscoring strong market demand.
Backed Launches xPort to Bring Trillions in Equities Onchain
Backed, the issuer of tokenized stocks (xStocks) developed in partnership with Kraken, announced the launch of xPort, a new tokenization engine. xPort creates a direct, in-specie mechanism for funds, market makers, and institutions to convert their existing traditional equity holdings into their tokenized xStock counterparts. This groundbreaking feature provides a clear, compliant path to onboard trillions in Real-World Assets (RWAs) onto the blockchain, increasing transparency and accessibility.
Tether Expands Its Latin American Footprint Through Investment in Parfin
Tether, the issuer of the USD₮ stablecoin, has made a strategic investment in Parfin, a digital asset infrastructure company operating in Latin American markets, including Brazil and Argentina. This undisclosed investment aims to accelerate the institutional adoption of USD₮, shifting it from primarily a trading instrument to a foundational settlement asset for cross-border financial flows. Parfin's platform provides compliant custody, tokenization, and API infrastructure for banks and asset managers in the region.
Coinbase to Acquire Solana Trading Platform Vector to Expand On-Chain Access
Coinbase has agreed to acquire Vector, a Solana-native onchain trading platform. The acquisition aims to expand Coinbase's onchain access and trading capabilities within the rapidly growing Solana ecosystem, whose decentralized exchange volume has exceeded $1 trillion in 2025. Vector's technology, which excels at identifying new tokens upon their onchain launch, will be integrated into Coinbase's consumer DEX trading experience to improve speed, liquidity, and asset coverage for users.
Coinbase Acquires Solana Social Trading Platform, Vector
Coinbase confirmed the acquisition of Vector, a Solana-based social trading app. While the Vector app will be retired, Coinbase is integrating the Vector team and its underlying Solana-native infrastructure to accelerate its strategy of supporting rapid trading for newly issued Solana tokens. The move will deepen Coinbase's on-chain trading capabilities, although the separate Tensor NFT marketplace, founded by the same creators, will remain independent under the Tensor Foundation.
Crypto Dispensers Considers $100 Million Sale Amid Market Growth
Crypto Dispensers, a major cash-to-Bitcoin platform, is evaluating strategic options, including a potential sale valued at up to $100 million. The company has engaged advisors for the review. Crypto Dispensers has built a software-based model, moving away from traditional hardware Bitcoin ATMs, focusing on compliance and online demand, and views itself as a stable, regulated alternative positioned for growth in a consolidating market.
Bitcoin Slips Below $84,000 As Crypto Slump Continues
Bitcoin experienced a significant slump, falling below the $84,000 mark and reaching a multi-month low as the broader crypto market retreat continued. This decline is largely attributed to general investor pullback from riskier assets amid concerns over stretched valuations in the tech sector and fading expectations for near-term US interest rate cuts. The volatility is erasing the coin's year-to-date gains and reflecting fragile market sentiment following a recent liquidation cascade.
Bitcoin Falls To Fresh Multimonth Low As Macro Factors Fuel Continued Declines
Bitcoin dropped to a fresh multimonth low, sliding below $82,000, with the continued decline being fueled by prevailing negative macroeconomic factors. Analysts point to a broad risk-off sentiment globally, concerns over AI stock valuations, and the delay in anticipated US interest rate cuts, which has led to heavy selling by large holders. This cross-asset pullback has amplified leverage unwinding and put pressure on the entire crypto market.
Bitcoin Depot Appoints Scott Buchanan as Chief Executive Officer
Bitcoin Depot, a leading Bitcoin ATM operator, announced a leadership transition effective January 1, 2026. Scott Buchanan, the current President and COO, will become Chief Executive Officer. Founder Brandon Mintz will step down from the CEO role to serve as Executive Chairman, focusing on shaping the company's long-term strategic vision, evaluating growth opportunities, and leading Mergers & Acquisitions (M&A) efforts. The transition is designed to maintain operational discipline while driving strategic expansion.
Kalshi Raises $1B at $11B Valuation as Prediction
Prediction market platform Kalshi, which is regulated by the Commodity Futures Trading Commission (CFTC), has secured a massive $1 billion funding round, pushing its valuation to an astronomical $11 billion. This rapid increase, coming shortly after a $300 million round at a $5 billion valuation, underscores the explosive growth and investor confidence in event-based financial trading. Kalshi's trading volume is rapidly gaining on its rivals, demonstrating the burgeoning appetite for prediction markets globally.
Flatpay hits $1.7B valuation with $170M round
Danish fintech startup Flatpay has achieved unicorn status, becoming the fastest to do so in Denmark, after raising $170 million in new funding at a $1.7 billion valuation. Flatpay provides transparent and simple payment solutions with a flat transaction rate for small and medium-sized businesses (SMBs). The capital will be deployed to support aggressive expansion plans into new European markets and accelerate its customer growth, which has already scaled to over 60,000 merchants.
FinTech funding continues to soar with over $2.1bn raised this week
The FinTech sector experienced another highly active week, securing over $2.1 billion in funding across a healthy number of deals. This robust capital inflow highlights sustained investor confidence in the sector, despite broader economic uncertainty. The largest rounds were dominated by major players across PayTech and Digital Assets, including Kraken's $800 million haul and Capital on Tap's £500 million securitization deal, signaling strength in established growth models.
Ex-Benchmark Partner Victor Lazarte Collects $200 Million for Debut Fund
Victor Lazarte, formerly a General Partner at the prestigious venture capital firm Benchmark and known for making key bets on AI startups like HeyGen, has successfully raised $200 million for his debut fund, VL Fund. This move, which follows a trend of successful partners launching their own shops, indicates strong limited partner confidence in Lazarte's investment acumen and his ability to identify high-growth opportunities, particularly within the AI landscape.
MoEngage in talks to close $260 million funding round
SaaS company MoEngage is finalizing a large funding round, estimated at $260 million, which includes a significant secondary component. The deal is expected to value the company at around $750 million pre-investment. Private equity firm ChrysCapital and Mars Equity’s Dragon Funds are poised to join as new investors, while early backer Z47 (formerly Matrix Partners India) is securing a full exit for approximately $80 million, providing liquidity for early venture capital investors.
Groww posts Rs 471 Cr profit on Rs 1,019 Cr revenue in Q2 FY26
The stock trading platform Groww reported a consolidated net profit of Rs 471 crore in the second quarter of FY26, marking a 12.18% increase year-over-year. This profit growth was achieved despite a 9.4% dip in consolidated revenue to Rs 1,018 crore for the quarter. The results highlight Groww's improved operational efficiency and profitability, even as the number of active clients on the NSE platform saw a slight decline.
Groww Share Price Jumps Over 5% After Q2 Results
Following the announcement of its Q2 FY26 results, Groww's share price saw a significant surge, jumping over 5%. The positive market reaction was driven by the reported 12% increase in net profit (PAT) to INR 471 crore, which outweighed the slight dip in revenue. This demonstrates investor confidence in the platform's ability to drive profitability through operational efficiencies and a customer-centric model, even amid a moderate revenue environment.
Zerodha cash reserve stands at Rs 22,679 Cr in FY25
Zerodha, the leading Indian stockbroker, reported an incredibly strong balance sheet for FY25, with its cash and bank balances reaching a massive INR 22,679 crore (approximately $2.5 billion). Despite an industry slowdown that saw the company's revenue drop by 11.5% and profit fall by 22.9%, this substantial cash reserve reinforces Zerodha's status as a debt-free, highly liquid, and financially conservative firm, providing it with a massive cushion against market volatility and regulatory changes.
Flipkart's Big Billion Day sales lift Walmart International's third quarter
Walmart announced that the earlier timing of its Indian e-commerce arm Flipkart's "Big Billion Day" (BBD) sales event positively benefited sales growth for Walmart International in the third quarter of FY26. While the sales helped drive International segment revenue up 10.8% to $33.5 billion, the company noted that this timing shift will consequently negatively affect growth in the fourth quarter. Flipkart also led advertising revenue growth for Walmart International during the quarter.
Mercury, valued at $3.5 billion, clocks $650 million in 2025 annualized revenue
The fintech firm Mercury, which provides banking and finance tools for startups, reported an exclusive update showing it reached $650 million in annualized revenue in 2025. While this news refers to Mercury Systems (MRCY), based on the source, the actual fintech firm Mercury's success underscores the high demand for specialized banking services catering to the startup ecosystem. The company's prior $3.5 billion valuation reflects the high growth and efficiency of its tech-focused financial product suite.
Meesho eyes $6 billion valuation with December IPO
E-commerce platform Meesho is actively preparing for its Initial Public Offering (IPO), targeting a valuation of approximately $6 billion for the listing, which is expected to launch in early December. The SoftBank-backed company is reportedly in talks with SBI Funds Management for a pre-IPO placement, which could adjust the final IPO size. Meesho’s public debut is highly anticipated as it joins a growing cohort of Indian tech firms tapping the capital market.
Capillary Technologies lists at 3% discount despite 53X subscribed IPO
Capillary Technologies, a SaaS company, experienced a muted debut on the stock exchanges, listing at a discount despite its Initial Public Offering (IPO) being oversubscribed by approximately 53 times. The stock listed at a 0.88% discount on the NSE and a 2.95% discount on the BSE against the issue price of INR 577. This performance fell short of grey market expectations, signaling cautious investor sentiment at the time of listing, despite strong initial subscription demand.
Capillary Technologies Shares Make Muted Debut On Bourses
Capillary Technologies' shares made a tepid or muted debut on the Indian bourses (BSE and NSE) on November 21, 2025. The shares listed at a small discount to the IPO price of INR 577, contrary to high expectations fueled by the IPO's massive oversubscription (over 50 times). The performance reflected a conservative market reception for the SaaS company, which provides AI-driven, cloud-native customer engagement solutions.
CTC Names Lauren Rauch and Josh Schubkegel as Co-CEOs
Chicago Trading Company (CTC), a premier proprietary trading firm, announced that Lauren Rauch and Josh Schubkegel will become Co-CEOs, effective January 1, 2026. Rauch, the current COO, brings a deep background in trading and operations, while Schubkegel, the CTO, brings technology depth and a focus on systematic trading and low-latency systems. Their combined leadership is expected to accelerate CTC's strategy in options market making and advanced trading technology.
Intuit Announces Multi-Year Partnership with Team USA and Becomes a Founding Partner of the LA28 Olympic and Paralympic Games
Intuit, the global financial technology platform (TurboTax, QuickBooks), announced a multi-year domestic partnership with Team USA and became a Founding Partner of the LA28 Olympic and Paralympic Games in the financial management software category. As part of the deal, the company's new venue, Intuit Dome, will host the five-on-five basketball competitions during the LA28 Games. The partnership includes programs to support small businesses and athletes financially in the Los Angeles community.
LCH SA partners with OVHcloud on new SecNumCloud hosting
LCH SA, the Paris-based clearinghouse of the London Stock Exchange Group (LSEG), has signed an agreement with OVHcloud, a global cloud provider, for cloud hosting services. This strategic partnership involves migrating some of LCH SA's services onto an OVHcloud solution qualified as SecNumCloud, the high-level French cybersecurity certification. The move aims to enhance operational resilience, security, and scalability for LCH SA's services, supporting its digital transformation within the stringent regulatory framework for critical market infrastructure.
CIMB Singapore Leads Formation of SME Resilience Circle to Strengthen Business Growth and Sustainability
CIMB Singapore is leading the formation of the SME Resilience Circle, a collaborative initiative with partners like CrediLinq, KPay, and Singlife. Through Memorandums of Understanding (MOUs), the collaboration aims to enhance the resilience and sustainability of Small and Medium-sized Enterprises (SMEs) by providing access to data-driven, performance-linked financing solutions. A key offering is CIMB FlexiPay, a "pay-as-you-earn" loan that links repayments directly to a business's daily revenue, offering crucial flexible working capital.
Carro officially unveils new flagship store
Carro, Asia Pacific's largest online used car platform, officially unveiled its new, multi-story flagship space at BMW House in Hong Kong. The three-floor, over 42,000 square feet space in To Kwa Wan serves as a premier hub for used cars, combining retail and aftersales services under one roof (Carro Care). Hong Kong TV celebrity and car enthusiast Moses Chan, Carro's Celebrity Ambassador, marked the special grand opening event, reinforcing the brand's commitment to quality and transparency in the used car market.
Innovative technology and applications recognised with Hong Kong ICT Awards 2025
The Hong Kong ICT Awards 2025 Presentation Ceremony recognized outstanding local Information and Communications Technology (ICT) innovations and applications. SmartMore Corporation Limited was presented with the highest honor, the Award of the Year, for its "SMore ViMo – AI Vision Model Development & Deployment Platform," after also winning the Smart Business Grand Award. Financial Secretary Mr. Paul Chan noted the growing importance of AI, which was featured across all eight award categories, aligning with the Government's focus on developing AI as a core industry.
Amazon cut more than 1,800 engineers in record layoffs
Amazon's record mass layoffs, part of a global reduction of over 14,000 corporate roles, disproportionately hit technical staff, with nearly 1,900 engineering jobs eliminated across key US states. This move is seen as contradictory, as CEO Andy Jassy simultaneously stated the company needs to "innovate much faster than ever before," particularly in AI. The cuts exposed Amazon's focus on operational efficiency and addressing bureaucratic bloat, despite the loss of technical talent needed to drive future innovation.
TCS joins AI, data centre rush with TPG alliance, draws gigawatt-scale plans
Tata Consultancy Services (TCS) has partnered with private equity giant TPG to launch a new entity, HyperVault, which will focus on building gigawatt-scale, AI-ready data centers across India. TPG will invest $1 billion into the venture, easing TCS's capital expenditure burden. This strategic alliance aims to rapidly accelerate the development of high-density, liquid-cooled infrastructure, positioning TCS to become the largest AI-led technology services firm and a significant player in India's surging digital infrastructure market.
Adani Green adds two fresh entities to boost renewable operations
Adani Green Energy, India's largest renewable energy developer, has expanded its clean energy portfolio by incorporating two new step-down subsidiaries: Adani Hydro Energy Thirteen (AHE13L) and Adani Hydro Energy Sixteen (AHE16L). These entities were established under its wholly owned arm, Adani Saur Urja (KA) Ltd. The subsidiaries' objective is to generate and distribute renewable power through solar, wind, and hydro sources, supporting the company's broader goal of achieving 30 GW of green energy capacity by 2029.
Sun King Seeks $1.3 Billion to Bring Power to 200 Million People
Sun King, a leading off-grid solar company, is targeting a massive funding round to secure $1.3 billion in capital to finance the expansion of its operations across Africa and Asia. The company uses a Pay-As-You-Go (PAYGO) model to make solar products, from lanterns to home systems, affordable for customers in underserved communities. The goal is to bring clean, reliable power to an additional 200 million people, helping them transition away from costly and polluting kerosene and diesel fuel sources.
SGS Acquires Majority Stake in French Platform Sami
SGS, the Swiss-based testing, inspection, and certification company, has acquired a majority stake in Sami, a French startup specializing in carbon accounting and climate change software. Sami's platform provides an all-in-one solution that helps companies measure, report, and reduce their carbon footprint and broader ESG (Environmental, Social, and Governance) metrics. The acquisition strengthens SGS's sustainability services portfolio and positions Sami for rapid scaling across the European market.
GeBBS Healthcare Solutions Expanding, Creating 150 Jobs In Connecticut
GeBBS Healthcare Solutions, a provider of outsourced medical billing, coding, and administrative support, is relocating and expanding its operations in Connecticut. Following a merger with another entity, the combined company plans to create approximately 150 new jobs in the state over the next seven years. The expansion, supported by state assistance, underscores the growth in the healthcare IT and business process outsourcing (BPO) sector in the region.
Eight North Texas Companies Land on Deloitte’s 2025 North America Technology Fast 500 Rankings
Eight companies based in North Texas were named to the prestigious Deloitte’s 2025 North America Technology Fast 500 rankings, which recognize the fastest-growing companies in technology, media, life sciences, and fintech. Dallas-based JobTread Software led the local group at No. 6, achieving a staggering 11,944% growth rate. Other regional honorees included HighLevel and Aligned Data Centers, highlighting the diverse and rapid technological growth across the Dallas-Fort Worth metroplex.
Dow closes about 500 points higher in big market rebound after steep sell-off this week
The Dow Jones Industrial Average closed approximately 500 points higher, marking a significant rebound following a steep sell-off earlier in the week. This recovery was fueled by renewed investor optimism regarding the potential for a Federal Reserve rate cut in the near future, combined with better-than-expected earnings reports from major tech companies. The rally demonstrated the market's resilience and tendency to recover from short-term volatility.
Maritime Launch conducts Nova Scotia’s first commercial rocket launch
Maritime Launch Services (MLS), the company developing Canada's first commercial spaceport in Nova Scotia, announced the successful launch of its second suborbital test rocket from its facility at Little Dover, Nova Scotia. While this was a test, the event marks a crucial step toward establishing the site for full commercial orbital launches. The successful launch showcases the potential for Canada's growing commercial space industry.
Japan local authorities approves restart of world's biggest nuclear plant
Local authorities in Japan's Niigata prefecture have approved the restart of the Kashiwazaki-Kariwa plant, the world's largest nuclear power plant, for the first time since the 2011 Fukushima disaster. While the approval still requires final consent from Japan's nuclear regulator, this is a monumental step toward reviving nuclear energy. Japan aims to reduce its heavy dependence on imported fossil fuels, achieve carbon neutrality by 2050, and meet growing electricity demand fueled by AI data centers.