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Airwallex IPO Under Fire, Figure's $4.3B Tokenization Surge & Rillet's $1B AI Bet
Audio is available on Spreaker — see link below.
Fintech's biggest stories today: Airwallex's IPO faces U.S. Senate scrutiny over China ties, Figure Technologies posts 132% lending growth with 65% on blockchain rails, and AI accounting startup Rillet hits unicorn status. Essential intelligence for finance professionals and fintech investors.
Audio is available on Spreaker — see link below.
Airwallex is pushing toward a public listing by the end of twenty twenty-six, and a U.S. senator is already trying to complicate that plan. The Australian payments company just closed a three hundred and twenty million dollar Series H at an eleven billion dollar valuation, with backers including Baillie Gifford, T.
While Airwallex manages its geopolitical exposure, Figure Technologies is putting up numbers that are harder to argue with. The company's consumer loan marketplace hit four point three billion dollars in Q2 volume, up one hundred and thirty-two percent year on year.
In India, Navi Technologies just crossed a threshold that matters for a different reason. After eight years of founder-led, bootstrapped growth, the fintech backed by Flipkart co-founder Sachin Bansal has taken its first institutional capital, a hundred million dollars from Prosus.
Rillet raised a hundred million dollars at a one billion dollar valuation in a Series C led by ICONIQ, with Sequoia and Andreessen Horowitz also in. The company embeds AI agents directly into accounting systems to automate financial operations.
The regional backdrop is worth holding in mind. Asia-Pacific venture capital hit fifty point eight billion dollars in Q2, the strongest quarter since late twenty twenty-one.
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