Builders in Fintech — Thursday 29 October: Upwind raises $400M, 9 more rounds
DTCC put its tokenization service live with 20 participants including J.P. Morgan, Citi and Fidelity, bringing tokenized Treasuries, ETFs and Russell 1000 stocks into core market infrastructure. Casap raised $56 million for agentic AI in disputes and fraud, and Adyen set its 2026 EBITDA margin at 50% and dropped its medium-term objective. In Brazil, Itaú notified the central bank of its crypto trading and custody, and an appeals court struck down the Fed's debit fee cap.
The editor
The lead
DTCC puts its Tokenization Service live with 20 participating firms
DTCC's Depository Trust Company has launched the DTCC Tokenization Service, which converts securities held at DTC into tokenized form with the same ownership,…
DTCC's live service puts tokenized Russell 1000 stocks, ETFs and Treasuries inside US market infrastructure, so fintechs building on-chain securities products can connect to the incumbent settlement layer instead of working around it.
Rounds · last 7 days: 41 · Funding Index (2026-W43): 228
Our news
Itaú Unibanco notifies Brazil's central bank of its crypto trading and custody servicesItaú Unibanco told Brazil's central bank on 27 October that it operates as a virtual-asset service provider, covering the buying and selling of crypto for…
- Eighth Circuit upholds ruling that struck down the Fed's 21-cent debit interchange cap
The Eighth Circuit has affirmed a lower court ruling that vacated the Federal Reserve's 2011 debit interchange cap, in Corner Post v.
Image: pymnts.com Monzo opens accounts to the public in SpainMonzo has launched in Spain, opening free personal, joint, under-18, business and instant-access savings accounts to the public on 28 October, after a waitlist…
Image: adyen.com Adyen reports €738.1M Q3 net revenue, up 23%, and sets a 50% EBITDA margin for 2026Adyen's Q3 net revenue reached €738.1 million, up 23% year on year or 22% at constant currency, in line with guidance.
- Mochatrade raises $5.5M seed led by CoinFund to offer Indian traders US stock perpetual futures
Mochatrade has raised a $5.5 million seed round led by CoinFund, with Coinbase Ventures and Zero Knowledge Ventures participating.
The rounds
| Company | Round | Lead investor | Amount |
|---|---|---|---|
| Upwind source | Series C | — | $400M |
| Begin Capital source | Fund II | — | $100M |
| actively fundraising. Then it source | — | — | $90M |
| Casap source | Series B | Base10 Partners | $56M |
| Numeracle source | Growth | — | $28M |
| Predicate source | Series A | Blockchain Capital | $8M |
| FinMaq source | Series A | Accion | $6.5M |
| Noewe Accounting source | — | — | €500K |
| AML Analytics source | — | — | Undisclosed |
| Temenos source | — | — | Undisclosed |
Quick hits
Payments
- US Stripe launched Stripe Pay, a plug-in that lets businesses send free instant transfers to other Stripe businesses using profile handles, available in the Dashboard and CLI. — PYMNTS
- US PayPal reported third-quarter net revenue of $8.58 billion, up 2%, and total payment volume of $487.1 billion, up 6%. — PayPal (SEC filing)
- US Visa reported fiscal fourth-quarter net revenue of $12.1 billion, up 13%, and GAAP net income of $6.0 billion. — Visa
Crypto
- US Coinbase added Ripple's RLUSD stablecoin across its retail app, exchange and Prime platforms, with deposits and withdrawals on the XRP Ledger, Ethereum and Base. — The Block
- US Coinbase said a security incident at third-party analytics provider Amplitude exposed contact information for some customers, and that customer funds were not affected. — CoinDesk
Number of the day
228
41 rounds this week · baseline 18
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