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F|T: The FinTech Times – Jack Dorsey s Block investigated by US federal prosecutors

Plus: Binance CEO sentenced to four months.

New yorkUnited statesTown hallSophia goldbergMarcus collinsRichard jonesSam bankmanChangpeng zhaoLos angelesAli asariaJoella almeidaIvan zhangJack dorseySchulich school of businessCharles schwab corpFintech times

Profitable payments startup Zūm Rails closes $10 5-million Series A

Bootstrapped since 2019, Montréal-based FinTech startup Zūm Rails has now raised $10.5 million CAD in Series A financing for its payments platform that seeks to merge open banking with instant payments.

United statesMarc milewskiMarcel ferreiraMiles schwartzArthur venturesVisa directCanadian fintechZum railsPayment rails

Zūm Rails takes in first capital to launch new banking-as-a-service, FedNow offerings

Zūm Rails manages the flow of money by verifying a customer’s identity, linking directly with bank accounts and facilitating payments.

United statesJake olsonMarc milewskiMiles schwartzVisa directArthur ventures

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