Weekly Roundup Highlights: Shows to Check Out This Week | August 4th Edition
In the world of finance, innovation and consolidation are driving change at an unprecedented pace. Here are some of the latest developments:
Banking Circle Acquires Australian Settlements Limited (ASL) to Reshape Australia's Payments Infrastructure
Regulatory approvals have been granted for Banking Circle's acquisition of ASL, paving the way for a reshaped payments infrastructure in Australia. The combined platform will offer comprehensive, end-to-end payment solutions.
QI Tech Secures $63 Million in Series B Extension Round
Brazilian FinTech QI Tech has raised $63 million in a Series B extension round. The funding will accelerate product development, support strategic acquisitions, and strengthen QI Tech's leadership in Brazil's digital banking sector.
QI Tech's acquisitions of firms like Zaig, Singulare, and Builders Bank have positioned it as Brazil's largest FIDC custodian with $17 billion in assets under custody. QI Tech offers a full-stack financial infrastructure platform covering banking, payments, lending, investments, and insurance.
Euronet Announces $248 Million Stock-for-Stock Merger with CoreCard
Euronet has announced a merger with CoreCard, a U.S.-based credit technology provider. The merger aims to accelerate Euronet's digital transformation and expand its U.S. footprint. CoreCard's acquisition will integrate its proven credit card issuing and processing platform into Euronet.
Binq Launches in the UK to Support SMEs
Binq, an AI-powered app, has launched in the UK to support small and medium-sized enterprises (SMEs). The app uses open banking data and proprietary Smart Search technology to match users with tailored financial solutions. Binq features an AI assistant named Ali that provides real-time insights, alerts, and recommendations. In August 2025, the UK government released the AI-powered app BuzzBinq to support around 5.5 million SMEs in the UK.
Cybersecurity Firm SAFE Raises $70 Million in Series C Funding Round
SAFE, a cybersecurity firm, has raised $70 million in a Series C funding round. The funds will accelerate growth in cyber risk management and development of Agentic AI-native reasoning models. SAFE launched the world's first fully autonomous Continuous Threat Exposure Management (CTEM) solution.
These developments underscore the dynamic nature of the financial sector, with technological advancements and strategic acquisitions shaping the landscape for both businesses and consumers.
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