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Bengaluru startup Scapia has closed a $63M Series C led by General Catalyst at a post-money valuation exceeding $500 million, more than doubling its $200 million valuation from April 2025.

ByteDance has applied for two fintech licenses in Brazil that would let TikTok issue prepaid accounts and extend credit to its 131 million adult users, marking the platform's most ambitious push into financial services outside China.

Visa has unveiled a suite of six AI-powered services targeting the credit card dispute process, deploying generative AI for automated merchant representment and predictive models for issuer decision support as global dispute volumes reach 106 million annually, up 35 percent since 2019.