Float Financial Raises CAD USD 85M Series C to Build Canada’s Intelligent Financial OS
Float Financial announced on June 24th, a CAD USD 85 million all-equity Series C round led by Inovia Capital, raising the company’s valuation by 70%. The round saw continued participation from Goldman Sachs Alternatives, which led Float’s Series B in December 2024, and Garage Capital, along with new investment from BDC Capital and Northleaf. With […]
Green Dot and CommerceOne Shareholders Approve Green Dot Acquisition
Green Dot Corporation and CommerceOne Financial Corporation announced on June 23rd that each company’s respective shareholders have voted to approve the previously announced strategic transaction involving Green Dot, CommerceOne and Smith Ventures, LLC at each company’s Special Meeting of Stockholders. Special Meeting Stockholder Vote Results “We appreciate the strong vote of confidence from our shareholders,” […]
Token Expands Biometric Identity Protection for AI Agents
Token, one of the leaders in biometric assured identity, announced on June 17th the expansion of its identity security architecture to protect enterprise AI agents. The new capability enables organisations to place Token biometric hard gates around high-consequence agent actions, including sending money, deleting data, changing access rights, releasing confidential information, modifying production systems, and […]
Novatus Global Names Andrew Pinnington CCO
Novatus Global Limited, one of the award-winning providers of regulatory technology solutions and consulting services to global financial institutions, announced on June 15th the appointment of Andrew Pinnington as Chief Customer Officer (CCO). This strategic hire reflects the Company’s continued momentum following its USD 40 million growth investment from Silversmith Capital Partners in 2024 and signals Novatus’s commitment to […]
D.A. Davidson Advises Mechanical Service & Systems on Sale to PremiStar
D.A. Davidson & Co. announced on June 11th that it served as exclusive financial advisor to Mechanical Service & Systems, a regional leader in mechanical services and installation, on its sale to PremiStar, a provider of commercial and industrial HVAC, plumbing and building automation services. PremiStar is a portfolio company of Partners Group, a global […]
AHS Properties Acquires Shangri-La Hotel on Sheikh Zayed Road for AED 1.1 Billion
AHS Properties on June 11th announced the acquisition of Shangri-La Hotel for AED 1.1 billion, one of the largest single-asset real estate transactions recorded in recent history. Acquired from Mismak Asset Management, the transaction cements one of the most concentrated private-sector bets on Sheikh Zayed Road’s next decade. The Shangri-La Hotel is a 43-floor, 200-metre […]
Visa and Brale Explore Stablecoin Settlement for Institutional Payments
Visa announced on June 4th a collaboration with Brale to explore stablecoin-based settlement using SBC, a U.S. dollar-backed stablecoin issued by Brale, on the Canton Network. The proof of concept will evaluate how privacy-enabled blockchain infrastructure can support faster, more programmable settlement while helping financial institutions and payment companies maintain control over the visibility of […]
Nextpower to Acquire Advanced Power Conversion Portfolio
Nextpower, one of the leading providers of intelligent power generation systems for solar power plants, on May 12th announced it has entered into a definitive agreement to acquire complementary assets of Zigor Corporation’s power conversion business and its U.S.-based subsidiary, Apex Power. Once complete, the transaction will expand Nextpower’s product portfolio and capabilities in utility-scale […]
The Convergence of ISO 20022 and Blockchain: Modernizing Settlement for Next-Gen Banking
The ISO 20022 financial messaging standard has opened up new opportunities for the seamless integration of distributed ledger technology, even in a highly regulated area like banking. Let’s explore the fundamental differences between these standard and previous ones, why blockchain can act as an extra layer to ensure instant and secure settlements, and the benefits […]
PDSVISION Partners with Bridgepoint and Polaris
Bridgepoint, one of the world’s leading mid-market investors, and Polaris, a leading investor in Nordic mid-sized companies, recently announced that they have jointly invested in PDSVISION, a leading global provider of digital engineering solutions, headquartered in Stockholm. Founded in 2008, PDSVISION is a trusted partner to businesses across Europe, North America, and Asia. The company […]
