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<div style="display: none; max-height: 0px; overflow: hidden;">Ripple has raised $500 million at a $40 billion valuation, marking a year of major acquisitions and rapid expansion beyond payments </div>
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<h1><strong>TLDR Fintech <span id="date">2025-11-10</span></strong></h1>
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.cnbc.com%2F2025%2F11%2F05%2Fripple-gets-40-billion-valuation-after-500-million-funding-round.html%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/7Ax_yEfwQvR_FwdWETiPmDQ07Kv4KAjKl-ja128Z5Nc=430">
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<strong>Fintech Ripple gets $40 billion valuation after $500 million funding (6 minute read)</strong>
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Ripple has raised $500 million at a $40 billion valuation, marking a year of major acquisitions and rapid expansion beyond payments. The company is moving deeper into crypto infrastructure with products spanning stablecoins, asset custody, prime brokerage, and corporate treasury management. Led by investors including Fortress, Citadel Securities, and Pantera, the round strengthens Ripple's position as a leading institutional player in digital finance amid renewed optimism for US crypto regulation under the GENIUS Act.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ffortune.com%2F2025%2F11%2F09%2Fhousing-market-30-year-mortgage-trump-pulte-fhfa-50-year-option-home-affordability%2F%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/kND8px0mVSzQ81A8J1LE213q7KbJvRkqKN79LbUUVCE=430">
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<strong>The Trump White House is working on a 50-year option to break the housing market gridlock (7 minute read)</strong>
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The Trump administration is reportedly developing a 50-year fixed-rate mortgage to tackle the housing affordability crisis, aiming to lower monthly payments for millions of would-be buyers. FHFA Director Bill Pulte called the plan “a complete game changer,” comparing it to FDR's 30-year mortgage innovation during the New Deal. Critics argue the move could backfire. While easing payments short term, it may inflate home prices, slow equity growth, and trap borrowers in longer debt cycles.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.cnbc.com%2F2025%2F11%2F05%2Fconsumer-debt-rises-amid-worsening-k-shaped-economic-divide.html%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/-DsrGwr9WR3Yc_jZSl3mmVnFi5vkDokOzqdYNI8sTls=430">
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<strong>Rising household debt balances point to worsening ‘K-shaped' economic divide (6 minute read)</strong>
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Americans now owe a record $1.23 trillion on credit cards, with the average balance reaching $6,523, but the impact of that debt is far from equal. While wealthier households have grown stronger thanks to stock market gains and rising home values, many lower-income families are slipping further behind, struggling to pay bills and facing rising borrowing costs. Experts warn that this widening gap, fueled by high interest rates, stagnant wages, and inflation, is deepening the country's “K-shaped” economic divide, where the rich continue to build wealth as others drown in debt.
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<h1><strong>Deep Dives & Reports</strong></h1>
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<strong>How Current's long game built a consumer fintech growth engine (3 minute read)</strong>
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Current's decade-long bet on building its own banking core is fueling sustained growth and innovation in consumer fintech. The platform now serves over 6 million members and reports 70% year-over-year revenue growth, powered by seamless integration across spending, credit, and liquidity products. Features like early paycheck access, fee-free overdraft, and the Build Card for credit building have made Current a standout among digital banks. CEO Stuart Sopp says new launches, Current Max, Pay Anyone, and fee-free credit overdraft, are designed to expand value for customers living paycheck to paycheck while deepening loyalty and differentiation.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.fintechbrainfood.com%2Fp%2Fstablecoin-affinity-cards%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/o-ypA4c7Q4KhVMU4H93UPnUV_yrJIVPFG_9Jjn5z-po=430">
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<strong>Stablecoin affinity cards could rewrite co-brand economics (6 minute read)</strong>
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Stablecoin-linked cards let brands reclaim control of UX and unit economics, funding rewards with stablecoin yield instead of bank rev-shares, while offering debit-like risk or collateralized credit options. This model could break the “co-brand trap,” though it adds new tech/UX/reg risks managed by emerging providers (Bridge/Rain, Fireblocks/Privy, Morpho, and trust issuers).
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<h1><strong>Launches & Products</strong></h1>
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fpages.temporal.io%2Fdeveloper-velocity%3Futm_source=newsletter%26utm_medium=sponsorship%26utm_campaign=resource-2025-11-03-tldr-gcp-guide%26utm_content=tdlr-dev-velocty/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/6hkpsYrY72bhVRyVSaIMeiVotKG7p8UaZzmekbvMh_s=430">
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<strong>More products, more pressure, less time? How to unblock your devs (Sponsor)</strong>
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You're scrambling to meet deadlines but keep getting stuck chasing edge-case failures. Sound familiar? This <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fpages.temporal.io%2Fdeveloper-velocity%3Futm_source=newsletter%26utm_medium=sponsorship%26utm_campaign=resource-2025-11-03-tldr-gcp-guide%26utm_content=tdlr-dev-velocty/2/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/EXQsuyqtmeUf9Kj5QWMTlYaZ9gr0DURp8DXDwZDYtCg=430" rel="noopener noreferrer nofollow" target="_blank"><span>Temporal eBook</span></a> explains how engineering teams at JP Morgan Chase and ANZ are unblocking devs without constantly rebuilding from scratch. <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fpages.temporal.io%2Fdeveloper-velocity%3Futm_source=newsletter%26utm_medium=sponsorship%26utm_campaign=resource-2025-11-03-tldr-gcp-guide%26utm_content=tdlr-dev-velocty/3/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/f5cFhczhXjOJs0aDUeUV_FCR6QrexVZb1GE_mf9Rsyk=430" rel="noopener noreferrer nofollow" target="_blank"><span>See why</span></a> velocity starts with a better foundation, and how to build one.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.paymentsdive.com%2Fnews%2Fapple-digital-wallet-travel-spending%2F804686%2F%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/cqicwQNXQB6E-kHbp83JdO4eg4bntxYOly-iLsAbzHs=430">
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<strong>Apple sets sights on travel spending (3 minute read)</strong>
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Apple is expanding its digital wallet across the travel ecosystem, aiming to make Apple Pay and Apple Wallet essential for every stage of a trip. Travelers can now use Apple Wallet to unlock cars, pass through TSA with digital IDs, board flights, and pay for transit in 800 cities, hotels, cafes, and ride-shares. The push deepens Apple's move into travel payments, where it faces stiff competition from Amex, Visa, JPMorgan, and other card issuers that dominate global travel spend.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.cnbc.com%2F2025%2F11%2F06%2Fbuilt-technologies-ai-draw-agent-cre-lending.html%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/MNua8ziTbmC2XZcI3UvMQf5ic6OhsxG7PwW5RDBwE8E=430">
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<strong>Built Technologies launches AI agent to automate CRE lending (3 minute read)</strong>
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Built Technologies, a $1.5B-valued fintech focused on construction and real estate finance, has launched an AI agent to automate draw requests—the process developers use to access new tranches of loan funding. The “Draw Agent” processes approvals up to 95% faster, with 400% higher risk detection and full compliance to lender policies. Used by banks like US Bank, Citi, and Fifth Third, the agent has delivered 300–500% ROI in pilots by cutting manual review time from days to minutes, powered by Built's decade of proprietary construction loan data.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.retailbankerinternational.com%2Fnews%2Flloyds-banking-ai-financial-assistant%2F%3Fcf-view%26utm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/n-VHysYwiu6y8ZMH-p3RoPXP0f7HQ0-WjZuvadIErQ0=430">
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<strong>Lloyds Banking to launch AI-powered financial assistant in 2026 (5 minute read)</strong>
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Lloyds is preparing to roll out an AI-driven conversational financial assistant in early 2026, marking the UK's first use of agentic AI in consumer banking. The assistant, already being tested by 7,000 employees, will help users manage spending, savings, and investments through natural dialogue in the Lloyds app. Over time, it's expected to handle mortgages and car finance, giving 21 million customers personalized, task-executing support that blends automation with human expertise when needed.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.finextra.com%2Fnewsarticle%2F46875%2Fus-bank-rolls-out-split-card-for-auto-installment-payments%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/hltioNoHWbDEYxl9MOEllsCw8Ex-3Z6lYe10hhU_hV8=430">
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<strong>US Bank rolls out Split Card for auto-installment payments (4 minute read)</strong>
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The new Mastercard automatically divides every purchase into three equal monthly payments with no interest or annual fee. Users can extend payment plans to six or 12 months for a small fixed fee, combining flexibility with the convenience and protections of a traditional credit card. The product aims to attract Gen Z and budget-conscious consumers seeking predictable payments, positioning US Bank to compete more directly with BNPL players.
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<div style="text-align: center;"><strong><h1>Miscellaneous</h1></strong></div>
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<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.paymentsdive.com%2Fnews%2Famazon-sues-perplexity-ai-shopping-agents%2F804923%2F%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/LNydfECOxL4o6O5LkfDJod2gK0dFMjOPDv62CXRenNU=430">
<span>
<strong>Amazon sues Perplexity over AI shopping agents (3 minute read)</strong>
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Amazon filed a lawsuit against Perplexity in federal court, alleging its Comet AI agents secretly access and make purchases on Amazon without authorization. The company claims Perplexity violated computer fraud laws and misused Prime benefits. Perplexity called the suit a “threat to user choice.” CEO Andy Jassy said Amazon remains open to partnering with third-party agents, but only under terms that ensure accuracy, personalization, and customer trust. The case underscores rising tensions in the new wave of agentic commerce.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20251107086739%2Fen%2FYodlee-and-JPMorganChase-Strengthen-Decades-Long-Partnership-With-Updated-Data-Access-Agreement%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/RBlR1SNY3qKtNIgjSXwSdHWHiPR625JltBecWAH8Ihg=430">
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<strong>Yodlee and JPMorgan Chase expand 20-year data partnership (2 minute read)</strong>
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JPMorgan Chase and Yodlee renewed and expanded their two-decade data access agreement, introducing new pricing terms and shared commitments to strengthen open finance collaboration. The updated deal aims to enhance financial wellness tools for JPMC's US customers and drive innovation in data-sharing standards across the industry. Yodlee CEO Farouk Ferchichi said the partnership leverages “trillions of dollars in spending, income, and wealth data” to build the next generation of open finance infrastructure.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.paymentsdive.com%2Fnews%2Ftoast-restaurant-dining-checkout-payment-cards-convenience%2F804828%2F%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/rcfhz50tf9O7TvwlBdR7YrdrkrT9ErjJ3LQuoCxgnnA=430">
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<strong>Toast mulls eat-and-run options (2 minute read)</strong>
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Toast is exploring a checkout-free flow that lets restaurants keep a card on file via its reservations/waitlist tools so diners can “just walk out.” Q3 highlights: $1.63B revenue (+25% YoY), $105M net income (~2x YoY), ARR > $2B (+30%), and footprint up to ~156,000 locations, with wins including TGI Friday's and Nordstrom dining. Management is targeting $10B ARR over the next decade while investing to expand against Square, Clover, and Lightspeed.
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<h1><strong>Quick Links</strong></h1>
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ffinance.yahoo.com%2Fnews%2Faffirm-stock-bounces-q1-earnings-221433209.html%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/8U03sxmX4aqmNcIBjXIUwKTIGGdLy0brluaWUyV0Yq4=430">
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<strong>Affirm stock soars as Q1 earnings smash expectations, guidance lift (2 minute read)</strong>
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The buy-now-pay-later firm reported strong fiscal Q1 2026 results and raised its full-year outlook.
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<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F1986226020924719198.html%3Futm_source=tldrfintech/1/0100019a6e158612-5b9ba48e-e5bd-448d-9fec-aa4bd8fe35f4-000000/1tfnBjtbCVxmjKVDiFo2GK-XwRFE9kzEw2ldgzJ7J_c=430">
<span>
<strong>Meta is hiding $30 billion in AI infrastructure debt off its balance sheet using special purpose vehicles (2 minute read)</strong>
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<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Echoing the financial engineering that preceded Enron's collapse and the 2008 crisis, Meta is reportedly hiding $30 billion in AI infrastructure debt off its balance sheet through special purpose vehicles with Blue Owl Capital.
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<strong>Schwab to buy Forge Global for $660 million as demand for pre-IPO shares grows (5 minute read)</strong>
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The all-cash $660 million deal marks the brokerage giant's push into the booming pre-IPO market.
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