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Stripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown
This week, we're looking at Stripe's big product announcements, a bump in valuation for a Brazilian fintech startup and much more.
The fintech giant also announced that after a six-year hiatus, it will let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. Pomelo, a startup that launched in the Philippines in 2022 — allowing people in the United States to send money to the country while at the same time building their credit — has raised $35 million in a Series A round led by Dubai venture firm Vy Capital with participation from Founders Fund. Bengaluru-headquartered CRED, valued at $6.4 billion, has received the in-principle approval for a payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster.
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