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Other Developments
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8:25 PMPYMNTS
Ramp Valued at $60 Billion Following New Funding Round
Summary
Ramp reportedly raised $1.85 billion in a new funding round, valuing the spend management platform at $60 billion before the new capital is included. The valuation was reported based on sources familiar with the deal.
The financing gives Ramp substantially more private-market value and capital to expand its corporate payments
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Why it matters
Ramp's valuation signals that investors still see major upside in software-led platforms that control corporate spending and payments.
Japan's SBI Group is preparing a digital asset joint venture with crypto infrastructure provider Mesh Connect and financial software company Money Forward.
The proposed partnership brings a major Japanese financial group together with crypto infrastructure and fintech
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Why it matters
The venture could give digital asset infrastructure a stronger route into Japan's mainstream financial system.
Prediction markets that once focused on economic and cultural events are gaining traction by offering contracts tied to NFL games. The shift is making sports a central growth driver while bringing their business model closer to conventional sports betting.
The NFL boom is forcing regulators to decide whether event contracts on sports outcomes are
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Why it matters
Sports contracts could turn prediction markets into mainstream fintech platforms, but regulatory classification may determine whether that growth is scalable.