This week’s fintech news was slightly subdued regarding funding rounds, but there were still noteworthy updates. Stripe made headlines as it acquired Okay, a startup that developed a low-code analytics software, and announced its expansion of Issuing to credit. Stripe’s acquisition of Okay signifies the company’s interest in attracting and retaining talented engineers and enhancing its competitiveness in the payments space. The Issuing expansion provides Stripe with a new revenue stream and the opportunity to offer new financing capabilities to its customers with little additional operational cost. Two spend management companies, Brex and Mesh Payments, made business updates. Brex’s Empower and business accounts achieved $100 million each in annual recurring revenue, and Mesh Payments announced an expansion to support multinational businesses operating in Europe, the United Kingdom, and Asia. Atlanta has been selected for this week’s city spotlight, featuring an upcoming TechCrunch event with a live pitching competition for early-stage Atlanta-based founders.
