AI-powered ERP platform Rillet has raised $100 million in Series C funding at a $1 billion valuation. The round gives Rillet coveted unicorn status and puts AI-native financial software firmly in the spotlight. Rillet is targeting the finance and accounting workflows that businesses still rely on traditional ERP systems to manage. The size of the round shows investors remain willing to place major bets on fintechs using AI to fundamentally change enterprise finance. It also reflects a broader shift from consumer-facing AI features toward AI systems embedded directly into core financial operations. As companies look to automate accounting and financial management, AI-native ERP platforms could become a major battleground in enterprise fintech.
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Insight of the Day
The AI Model Gateway/Router Directory For Fintechs and Banks
Stripe just acquired OpenRouter for more than $7 billion, roughly five times the valuation OpenRouter carried three months ago. A payments company just paid a premium to own the layer that decides which LLM handles a request, at what cost, and with what fallback path. If you build fintech products on top of LLMs, this is no longer a developer tooling question. It is an infrastructure decision with the same weight as picking a payments processor or a core banking vendor.
Stripe’s acquisition of OpenRouter turns AI gateways from a nice-to-have into infrastructure banks and fintechs need to evaluate seriously. This guide maps 16 AI gateway and LLM routing platforms across five categories, with the deployment models, compliance posture, and pricing structures that matter when you handle regulated data. I built it because most comparisons of this category are written for general SaaS teams, not for people who need to answer a compliance questionnaire before they ship. Structured profiles and a companion Excel file with seven filterable tabs are below the paywall. Use it to shortlist vendors before your next infrastructure review.
Curated News
💳 Payments
Walmart Finally Embraces Apple Pay and Google Pay
Walmart is set to begin accepting Apple Pay and Google Pay, ending its long-standing exclusion of the major mobile wallets. The move could significantly expand mobile-payment adoption across one of the world’s largest retail networks.
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SumUp Partners With Newcastle United
SumUp has partnered with Newcastle United in a deal connecting its merchant-payments brand with the Premier League club. The partnership gives SumUp another high-profile channel for consumer and merchant visibility.
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Visa Expands Credit Access Across Africa
Visa is partnering with Able and Onafriq to expand access to credit across Africa. The initiative highlights how major payment networks are using fintech partnerships to reach underserved consumers and businesses.
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TenPay Global and ShopeePay Launch China QR Payments
TenPay Global and ShopeePay are launching QR-payment capabilities in China. The partnership expands cross-border payment options and makes digital-wallet payments more useful for consumers.
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SNB Group Launches Mastercard World Legend Card
SNB Group has launched the first World Legend Mastercard in the Middle East and North Africa region. The premium card expands the region’s high-end payment offering.
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Banco Inter Upgrades Merchant Payment Technology
Banco Inter has selected ACI Worldwide to upgrade its merchant payment technology in Brazil. The move strengthens the bank’s payments infrastructure as digital commerce continues expanding.
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🏦 Banking
Egypt’s CIB Gets Approval to Build Yomo Digital Bank
Egypt’s Commercial International Bank has received preliminary central-bank approval to establish Yomo, a digital bank. The move signals continued expansion of digital-only banking across emerging markets.
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Malaysia Recognizes TNG eWallet for Wage Payments
Malaysia has recognized TNG eWallet as a wage-payment option. The decision gives digital wallets a larger role in everyday financial infrastructure and further blurs the line between wallets and banks.
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EDB, Temasek and UOB Executives Join SFA Fintech Council
Executives from EDB, Temasek and UOB have joined the Singapore FinTech Association’s fintech council. The appointments bring major financial and economic institutions into the country’s fintech industry leadership.
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Chocolate Finance Launches Business Accounts
Chocolate Finance has launched business accounts offering 1.5% annual interest on idle cash. The product targets companies looking to earn returns on funds that would otherwise sit unused.
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💼 Fintech
UK Fintech Funding Falls to a Decade Low
UK fintech funding has fallen to its lowest level in a decade. The decline highlights the tougher fundraising environment facing fintech startups despite continued demand for financial innovation.
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FE Fundinfo Adds Irish Tax Modelling to Nexus
FE fundinfo has brought Irish tax modelling to its Nexus platform. The addition expands the platform’s capabilities for financial professionals dealing with tax and investment data.
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Xpander Raises $7.5M to Bring AI to Enterprise Finance
Xpander has raised $7.5 million in seed funding to develop AI tools for enterprises. The round reflects continued investor interest in using AI to automate complex business workflows.
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Klarna Expands In-Store Payments Across North America and the UK
Klarna is launching its in-store offering with GARAGE and DYNAMITE across North America and the UK. The expansion brings Klarna’s digital payment and financing proposition further into physical retail.
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🪙 Crypto
SEC Proposes New Rules for Crypto Assets
The SEC has proposed new regulations covering crypto assets. The proposal could have significant implications for how digital assets are treated and regulated in the U.S.
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Bitcoin Briefly Reclaims $70,000
Bitcoin briefly reached $70,000 for the first time since June. The move reflects renewed momentum in the crypto market after a period of weaker prices.
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BitMart Weighs Partial Restart After Shutdown
Crypto exchange BitMart is considering a partial restart and potential creditor payouts weeks after announcing its shutdown. The development leaves users watching closely for clarity on the exchange’s future and outstanding claims.
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Strategy Swings From $13B Bitcoin Loss to $1.4B Profit
Strategy has swung from a reported $13 billion Bitcoin loss to a $1.4 billion profit as BTC rallies. The sharp reversal highlights the enormous impact crypto-market movements can have on corporate Bitcoin holders.
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Solana Gets Faster With Latest Upgrade
Solana has become faster following a network upgrade, potentially strengthening the blockchain’s performance advantage. The improvement could support Solana’s ambitions across payments, trading and other high-throughput applications.
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📈 WealthTech
Keenai Brings Public Markets, Private Funds and Insurance Together
Singapore wealthtech Keenai is building a platform that consolidates public markets, private funds and insurance in one account. The approach reflects growing demand for unified wealth-management experiences rather than fragmented financial products.
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⚖️ Regulation
IDnow Gets EU Certification for Digital Identity Attestations
IDnow has received certification to issue Qualified Electronic Attestations of Attributes under the EU’s digital-identity framework. The milestone helps address a key compliance and identity-verification gap as Europe’s digital identity infrastructure develops.
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