Stablecoins have made it exceptionally easy to move money across borders instantaneously. The problem that remains for users, especially those in emerging markets, is getting those funds to their preferred local payment methods. Texas-based global payments infrastructure company Latitude aims to change this by giving businesses the infrastructure to use stablecoins to send local currency
“We’re seeing a significant shift in how Asia-based firms are looking at cross-border business,” Sarita Singh, Stripe’s regional head and MD of Southeast Asia, Greater China and South Korea, tells Fortune. “There’s been a big push to find customers and grow outside of the home country.” This marks a departure from the earlier playbook of
Stripe confirmed on Wednesday that it was buying OpenRouter. While the company didn’t disclose the deal price, sources told the New York Times that it paid $7.5 billion. That’s a huge step up from OpenRouter’s $1.3 billion valuation in May. To put that price in context, the founders alone will reportedly receive $1.5 billion from the
Building a global company from Australia has long meant juggling foreign bank accounts, waiting days for revenue to settle, and dealing with unnecessary currency conversions. That friction is now being tackled head-on. Stripe today launched Stripe Treasury in Australia at its annual Stripe Tour Sydney event. The product gives businesses a single platform to accept
Stripe’s multi-billion-dollar pursuit of AI model marketplace startup OpenRouter isn’t just creating one of the biggest AI acquisitions of the year; it’s minting venture capital firms’ speedy wins. Andreessen Horowitz and Menlo Ventures are poised to turn investments made less than two years ago into payouts worth nearly $2 billion combined if Stripe acquires the
Stripe has finalized a deal to acquire OpenRouter, according to a new report in Bloomberg. OpenRouter helps customers to select different AI models to perform different tasks, depending on their specific needs and budget. The company announced in May that it had raised a $113 million Series B, at a reported $1.3 billion valuation. (Investors
