The week in payments, with a view.
One email, Tuesday mornings, about four minutes. One thing worth your attention, then the week in four fixed blocks—payments, the office of the CFO, AI inside operating companies, founders from seed to Series B—and what each means if you own, run or are underwriting one of these businesses. Every issue is archived here.
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Nayax agreed to acquire smart-parking payments provider IPS Group…
This week: Nayax agreed to acquire smart-parking payments provider IPS Group from Windjammer Capital · Vanguard agreed to acquire digital RIA custodian Altruist for $4 billion · Pay.com is launching its B2B payments-rewards platform in the United States as PayRewards following a Series E round · Basware’s acquisition of Trustpair extends its B2B fraud-management coverage · Navan used Adyen’s issuing infrastructure to scale a multi-currency corporate-card program and embed payments into expense management.
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Stripe agreed to acquire AI-model marketplace OpenRouter
This week: Stripe agreed to acquire AI-model marketplace OpenRouter, extending its orchestration strategy beyond payments and stablecoins · Francisco Partners acquires Weave for $650M, adding to a growing payments company portfolio · Stripe and Advent reportedly bid $60.50/share (~$53B) for PayPal, roughly matching its 2015 spin-off valuation · Deluxe appoints Celero Commerce founder Kevin Jones to lead Merchant Services after acquiring Celero, becoming a top-10 non-bank acquirer · AI-native finance platform Rillet announced a Series C financing led by ICONIQ.