Portage Closes $600M Fintech Fund Amid Payments Shakeout
Portage closed a $600M fourth fintech fund with Broadridge and Fifth Third as new LPs, as payments capital concentrates in scaled infrastructure bets.
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Portage closed a $600M fourth fintech fund with Broadridge and Fifth Third as new LPs, as payments capital concentrates in scaled infrastructure bets.
The Bancorp pivots toward fintech payments and credit sponsorship, cutting costs for $20M in savings, but revenue execution remains unproven.
States are replacing magnetic-stripe SNAP cards with chip and tap-to-pay EBT cards to fight theft after federal reimbursement funds expired.
SEC advances its Reg Crypto proposal with a 60-day comment period as the CLARITY Act stalls without a Senate vote.
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Walmart and Sam's Club are adding tap-to-pay contactless payment technology to gas station pumps nationwide within days.
Robinhood shares jumped 13% Friday, its best gain since February, as fintech AI competition and funding deals reshape the sector.
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Missing three credit card payments risks major credit damage, as delinquencies rise across cards, autos and mortgages nationwide.
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CLARITY Act delays and an SEC August 2026 rulemaking vote leave crypto regulation unresolved as BNB price forecasts circulate.
New York Fed data show home and car loan delinquencies among Americans have hit their highest level in about a decade.
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