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Stablecoin Neobank Kontigo Hit By $340K Hack And Promises Full Reimbursement

Stablecoin Neobank Kontigo Hit By $340K Hack And Promises Full Reimbursement

Hey Digital Banking Fanatic! Kontigo, a stablecoin-focused neobank serving Latin America, was hit by a security breach that drained more than $340,000 in USDC from customer wallets. Unauthorized access was detected, systems were isolated, and an investigation is now underway with external cybersecurity specialists. The incident affected just

Knight FinTech Raises $23.6M… and Quietly Becomes India’s First Soonicorn of 2026

Knight FinTech Raises $23.6M… and Quietly Becomes India’s First Soonicorn of 2026

Hey Digital Banking Fanatic! Knight FinTech just raised $23.6M in a Series A led by Accel, pushing total funding past $30M. That officially makes it India’s first Soonicorn of 2026. Knight sits deep in the infrastructure layer, powering co-lending, digital lending, treasury, and embedded finance. The scale

PicPay Turns Smartphones Into Payment Terminals with Tap To Pay

PicPay Turns Smartphones Into Payment Terminals with Tap To Pay

Hey Digital Banking Fanatics! PicPay just launched Tap to Pay in Brazil, letting entrepreneurs accept contactless payments directly on their phones. No extra hardware. No friction. The solution supports debit and credit cards, one-time or installment payments, and digital wallets across the main networks. Everything runs under PCI security

SoFi Launches a Fully Reserved Stablecoin and Goes Straight for Infra

SoFi Launches a Fully Reserved Stablecoin and Goes Straight for Infra

Hey Digital Banking Fanatic! SoFi just launched SoFiUSD, a fully reserved dollar-backed stablecoin issued by SoFi Bank. SoFi is positioning itself as a stablecoin backbone for banks, FinTechs, and enterprise platforms. Faster settlement. Always-on rails. Bank-grade oversight. This makes SoFi the first national bank in the US

FDIC Clears Thiel-Backed Erebor Bank for Deposit Insurance

FDIC Clears Thiel-Backed Erebor Bank for Deposit Insurance

Hey Digital Banking Fanatics! Erebor Bank just took a major step forward... The FDIC approved deposit insurance coverage for the crypto-oriented lender, moving it closer to full-scale operations. The bank, backed by Peter Thiel and Palmer Luckey, met the statutory requirements for approval, though regulators attached conditions around

PayPal Applies for a US Banking License as the Regulatory Door Opens

PayPal Applies for a US Banking License as the Regulatory Door Opens

Hey Digital Banking Fanatics! PayPal just applied to become a bank in the US. The payments giant filed applications with regulators to form a Utah-chartered industrial loan company as FinTechs get a warmer reception in Washington. The move comes as the US loosens its stance on new bank entrants.

UAE Digital Lender Zand Sets Its Sights on the Gulf and Africa

UAE Digital Lender Zand Sets Its Sights on the Gulf and Africa

Hey Digital Banking Fanatics! Zand Bank is gearing up for its next growth chapter. The UAE’s first digital corporate lender plans to expand across the Gulf and into Africa within the next three years. The timing is deliberate. After four years of building and internal transformation, the bank says