Author: nripn

Zynk Raises $5 Million in Seed Funding for Cross-Border Payments Revolution Fintech startup Zynk has successfully secured $5 million in a seed funding round. The investment was led by Hivemind Capital, with notable participation from investors such as Alliance DAO, Coinbase Ventures, Transpose Platform VC, Polymorphic Capital, Tykhe Ventures, and Contribution Capital. Innovative Leadership Behind Zynk Founded by experienced professionals from Amazon Pay, Morgan Stanley, and Harvard, Zynk is on a mission to create a robust infrastructure for real-time cross-border payments. The company’s technology eliminates the need for pre-funded liquidity, making international transactions more efficient and accessible. Instant Payments in…

Zynk Secures $5 Million in Seed Funding to Revolutionize Cross-Border Payments Funding Overview Fintech startup Zynk has successfully raised $5 million (approximately INR 44 Crores) in its seed funding round, spearheaded by Hivemind Capital, a leading investment firm focusing on Web3 and blockchain technologies. The funding round saw contributions from notable investors such as Coinbase Ventures, Transpose Platform VC, and Polymorphic Capital, among others. About Zynk Founded in April 2025 by industry veterans Prashanth Swaminathan, ex-venture partner at Woodstock Fund, Manish Bhatia, former CTO of Amazon Pay India, and Abhishek Pitti, co-founder of IBC Media, Zynk aims to simplify instant…

Fopay Launches Multi-Region, Multi-Currency Cross-Border Transfers at Hong Kong FinTech Week 2025 HONG KONG, November 4, 2025 /PRNewswire/ — The “Hong Kong FinTech Week 2025,” co-hosted by the Hong Kong SAR Government and InvestHK, was a melting pot of innovation, attracting 700 exhibitors, 800 speakers, and 37,000 participants globally. Among the standout exhibitors were Fopay, a stable coin payment platform developed by Jingwei Tiandi (02477.HK), and Hang Feng Technology Innovation (FOFO.NASDAQ), which focused on advancing cross-border digital payments and on-chain asset management solutions. This event highlighted Hang Feng Capital’s strategic foray into the digital finance sector. Fopay’s Innovative Stand Draws…

The Importance of AI Explainability in the Financial Sector In the rapidly evolving landscape of finance, artificial intelligence (AI) is no longer a novelty but a core component shaping daily operations. From analyzing credit risks to automating fraud detection and generating investment insights, AI plays a crucial role. However, with growing sophistication, these AI models are becoming increasingly complex and harder to decipher. Regulatory Imperatives for Explainability In the United States, explainability has transitioned from a recommended practice to a regulatory requirement. In 2023, the Federal Reserve, FDIC, and OCC jointly emphasized that banks must adhere to model risk management…

Zynk Secures $5 Million to Enhance Cross-Border Fintech Infrastructure Hyderabad-based fintech start-up Zynk has successfully raised $5 million in a funding round led by Hivemind Capital. The funding received participation from several global venture capital firms, including DAO Alliance, Coinbase Ventures, Transpose Platform, Polymorphic Capital, Tykhe Ventures, and Contribution Capital. This financial backing is intended to bolster its operations in providing robust cross-border payment solutions. Expanding Partnerships and Compliance Framework With this new capital, Zynk aims to broaden its partnerships and enhance its liquidity and compliance frameworks. Co-founder and CEO Prashanth Swaminathan stated, “Our focus is on expanding the country…

Fopay and Hang Feng Technology Showcase Innovations at Hong Kong FinTech Week 2025 HONG KONG, November 4, 2025 /PRNewswire/ The “Hong Kong FinTech Week 2025”, co-hosted by the Hong Kong SAR Government and InvestHK, was held on November 3 and 4 at the Hong Kong Convention and Exhibition Centre. This premier financial technology event in Asia gathered 700 exhibitors, 800 speakers, and 37,000 participants globally, showcasing the latest innovations in the sector. Notably, two subsidiaries of Hang Feng Capital—Fopay, a stablecoin payment platform, and Hang Feng Technology Innovation—jointly formed a powerful presence at the event, focusing on cross-border digital payments…

Kuvi.ai Unveils $KUVI Token to Redefine Agentic Finance Toronto, California, November 4, 2025 – Kuvi.ai, a leader in the field of Agentic Finance, has announced the launch of its utility token, $KUVI. The Token Generation Event (TGE) is set to occur on November 6, 2025, alongside a listing on the MEXC exchange. Exclusive Launch Details Prior to the TGE, a limited public round on Eesee.io will open two days early, giving investors an exclusive opportunity to engage early. The introduction of $KUVI marks a significant advancement in Kuvi’s mission to democratize access to intelligent financial agents, expanding this technology beyond…

MobiKwik Reports Q2 FY26 Financials: Key Highlights and Insights Indian fintech powerhouse One MobiKwik Systems Ltd. has released its consolidated operating revenue for the second quarter of fiscal year 2026 (Q2 FY26), reporting Rs 270 crore. This figure marks a year-on-year decrease of 7.2% from Rs 291 crore in Q2 FY25, predominantly influenced by a high comparative base and a normalization in loan volumes. Overall Financial Performance Incorporating additional income, the total revenue reached Rs 279.3 crore for the quarter. The growth was attributed to record payment volumes coupled with disciplined cost management strategies. MobiKwik’s Gross Merchandise Volume (GMV) in…

Industry experts provided valuable insights on digital convergence, banking transformation, and identity security through AI at the recent Hong Kong FinTech Week 2025. Transforming FinTech Through AI and Cloud Technologies HONG KONG, November 4, 2025 /PRNewswire/ — Tencent Cloud, the cloud computing division of the global technology giant Tencent, successfully concluded its participation in Hong Kong FinTech Week 2025. The event showcased an extensive range of fintech solutions and offered expert insights through keynote speeches and panel discussions, solidifying the company’s dedication to enhancing the FinTech sector via innovative cloud computing and AI technologies. Innovative Showcase at FinTech Week Tencent…

Enhancing CFO Roles with AI: Insights from BILL Holdings’ Rohini Jain In today’s fast-paced business landscape, finance leaders are increasingly tasked with addressing challenges that extend beyond traditional finance. These challenges encompass technology, legal considerations, and operational hurdles. Rohini Jain, the CFO of BILL Holdings, is leveraging artificial intelligence (AI) to navigate these complexities and enhance her effectiveness as a finance leader. The Power of AI in Finance Leadership According to Jain, her journey as CFO at BILL has been significantly aided by AI. “When I joined BILL, there were numerous facets of being a CFO that I had to…