Tiger Global in talks to invest in Kalshi 💰, Apple Pay India 🌎, Amex Travel acquisition complete 🤝

The proposed round could value the prediction-market exchange at about $40 billion, up from $22 billion in May, though the financing has not closed. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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Learn more about Fin, the AI Agent making perfect customer experiences possible. 📱 News & Trends Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise (3 minute read) The proposed round could value the prediction-market exchange at about $40 billion, up from $22 billion in May, though the financing has not closed. Kalshi is looking beyond event contracts toward a wider trading platform, putting it closer to established exchanges as scrutiny of prediction markets grows. Apple Pay arrives in India (2 minute read) Apple Pay is finally launching in India, entering a huge but competitive market via a partnership with Axis Bank. Customers with Axis Bank-issued Visa and Mastercard credit cards can now make in-store, online, and in-app payments via iPhones, iPads, and Apple Watches, with support for Mac coming soon. Long Lake completes $6.3B acquisition of American Express Global Business Travel (3 minute read) Long Lake completed its $6.3 billion all-cash acquisition of Amex GBT, taking the company private at $9.50 per share and delisting it from the NYSE. The deal pairs Amex GBT's global managed travel platform with Long Lake's AI engineering and Nexus AI transformation capabilities, with plans to deploy agentic customer tools and AI-assisted travel services across the business. Citi expands Coinbase partnership to power stablecoin payments for businesses (2 minute read) Citi and Coinbase are expanding their partnership to connect traditional bank payments with stablecoins for corporate customers. Coinbase will use Citi's Virtual Account Wallet to let businesses accept and hold fiat while automatically converting funds into stablecoins, while Citi clients will be able to accept stablecoin payments through Spring by Citi, with Coinbase converting the assets back into fiat for settlement. 🚀 Deep Dives & Reports Podcast: How Stripe's Tempo is Rebuilding On-Chain Cash Settlement, with Head of Market Development Simon Taylor (45 minute podcast) This podcast discusses why there is no Fedwire for the internet, and why the next wave of on-chain volume is coming from enterprise money movers like Deel rather than crypto-native builders. Simon Taylor explains why tokenized deposits, stablecoins, and TradFi settlement will converge on a single chain, why agentic commerce is still stuck in its WAP-phone era, and how the Machine Payments Protocol is being designed as an IETF-grade standard that can settle across Tempo, Stripe, or any card network. Payment revenue growth to slow (3 minute read) BCG expects payments transaction revenue to keep growing through 2030, reaching $436 billion in North America and $1.03 trillion globally, but at slower annual rates than in the prior six years. The slowdown reflects mature digital-payment adoption, tougher competition, regulation, and new payment rails, while faster growth shifts toward regions such as Latin America, the Middle East, and Africa. The FDE boom is a product gap (7 minute read) The surge in forward-deployed engineers reflects a missing enterprise AI product layer: companies still need humans to translate operator judgment into instructions agents can reliably follow. “ContextOps” is a continuous process for turning operational evidence and expert judgment into versioned, tested, and approved agent procedures. Every escalation improves future automation and the company owns the learning loop instead of repeatedly relying on FDEs. 💻 Launches & Products Think AI made payroll integrations easier to build? Think again (Sponsor) The hard part of payroll, HR, and benefits integrations was never the code — it's walled gardens, data mapping, and auth. A Finch engineer explains what AI changed, what it didn't, and when building wins. Watch the webinar now. Stripe alums spark new payments plays (8 minute read) Stripe has become a founder factory for fintech, with former employees launching companies across agentic commerce, banking infrastructure, stablecoin payments, and vertical financial services. Alumni startups including Circuit & Chisel, Increase, and Latitude Global reflect how Stripe's technical culture, exposure to cutting-edge internet businesses, and broad view of itself as a software company are seeding the next generation of payments infrastructure. Amex Adds AI, Expense Tracking to Corporate Card to Counter Fintech Rivals (3 minute read) Amex's September 30 rollout pairs a corporate cashback card with software that captures spending, generates expense reports, and flags policy violations. Aimed at businesses with $10 million to $300 million in annual revenue, it brings Amex closer to the integrated offering popularized by Ramp and Brex. Additional AI agents and accounts-payable features are planned after launch. 🎁 Miscellaneous Tether USDT aids Iran funding, Senate report says (2 minute read) A Senate Democratic report found that 84% of 846 sanctioned wallets it examined had transacted in USDT, prompting a call for US authorities to investigate Tether's role in Iran-linked money flows. Jeeves raises $110M to scale its stablecoin-native banking platform (5 minute read) Jeeves raised $110 million in equity funding led by CoinFund as it expands its stablecoin-native financial operating system across 35 countries. The company says revenue has grown 4x in 14 months, annualized platform volume has surpassed $5 billion, and stablecoin-settled volume has reached $1.5 billion annualized, while new products including a proprietary stablecoin wallet, global payouts, AR, and AI spend tracking broaden its push to become the core banking infrastructure for multinational businesses. ⚡ Quick Links Thought Machine and AWS launch AI-powered core banking migration tool (5 minute read) The system extracts banks' business rules from aging mainframe software and converts them into tested cloud-based financial products. IPO postponements are accelerating in the third quarter, even beyond Oura (5 minute read) IPO postponements are accelerating as higher bond yields, renewed rate hikes, and concerns around AI spending make public-market investors more selective. Love TLDR? Tell your friends and get rewards! 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