Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.

A former Adyen executive and an ex-UBS analyst have become the latest entrants into the increasingly crowned stablecoin infrastructure market, raising $22 million in seed founding for their startup, Noah.

Money transfer fintech Wise says some of its customers may have been caught up in the recent hack on Evolve Bank & Trust.

Comun, a Latino-founded neobank for immigrants in the US, has raised $21.5 million in a Series A funding round.

Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.

Digital wealth management platform and online broker Scalable Capital has been granted authorisation by the ECB to conduct deposit and lending business as a fully-fledged bank.

Wealthtech Allfunds has set up a blockchain company to develop a new payment model it says will provide more efficient settlement processes in the investment fund industry.