Stitch (Riyadh) raises $25M Series A led by a16z—first a16z investment in the Gulf region. Banking and financial services software targeting Saudi/Gulf market.
PayPal Q1 2026: $8.4B revenue (+7% YoY), ~20% workforce reduction planned, $1.5B+ savings target over 2–3 years — PYPL stock dropped more than 10%.
SEC delays 20+ prediction-market ETFs days before expected launch, seeking additional information. The products would have been the first regulated retail instruments for event contract markets.
Haun Ventures raises $1B across two funds expanding into AI agents and fintech — signaling convergence between crypto-native VC and the agentic AI investment category.
India pilots 10 e-rupee CBDC schemes for welfare payment delivery, targeting reduced payment leakage and increased digital currency adoption.
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