fc.The Financial CurrentPublished by Paul Ivinskas
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Profiles

Financial-company and bank profiles, covering customer relationships, business models and operating economics.

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Company & Platform ProfilesResearch Lab

Stablecore: software that lets community banks offer digital assets

Stablecore sells software that connects banks' existing systems to stablecoin, digital-asset and tokenized-deposit services run by partners such as Coinbase. It has raised $20 million and reached production on Q2's platform; public data on bank adoption and revenue remain limited.

30 sources6 versions
Company & Platform ProfilesResearch Lab

Stripe expands the business around payments

Acquisitions have taken Stripe into usage-based billing and stablecoin infrastructure. Its proposed purchases of OpenRouter and Parafin would extend that work into AI-model routing and small-business financing.

26 sources4 versions
Bank ProfilesResearch Lab

Merchants Bank of Indiana: the bank built around mortgage finance

Michael Petrie and Randall Rogers started with apartment finance, bought a community bank and entered mortgage warehousing during the financial crisis. Their model connects borrowers, mortgage companies and longer-term investors, while retaining credit exposure along the way.

12 sources3 versions
Company & Platform ProfilesResearch Lab

Increase: how payment software connects to a banking charter

Increase exposes banking operations through software interfaces. Its renamed Increase Bank and continuing bank partnerships show how a programmable payment service still depends on distinct legal accounts, settlement rules and operating responsibilities.

23 sources3 versions
Company & Platform ProfilesResearch Lab

Polymarket: how two trading platforms turn events into prices

Polymarket combines international prediction markets, a separate regulated U.S. exchange and an institutional data business. Its acquisitions, funding and settlement rules explain why the same brand can mean different products, permissions and risks.

31 sources4 versions
Bank ProfilesResearch Lab

Citizens Business Bank: from Chino to the Bay Area

Citizens Business Bank began with Chino business owners in 1974. Its completed Heritage merger brought 16 Bay Area branches into the franchise in April 2026. The first combined quarter shows both the enlarged business and the costs of joining it together.

12 sources3 versions
Company & Platform ProfilesResearch Lab

Revolut: a global financial app becoming a network of local banks

Revolut has expanded a payments app into a group of financial businesses and licensed banks. Its UK launch, European structure and conditional U.S. charter process show why customer protections and financial results must be read by legal entity and country.

19 sources4 versions
Mortgages & Business LendingResearch Lab

loanDepot: a digital mortgage lender turns toward home equity

loanDepot is shifting more production toward home-equity loans while working to narrow losses and address debt maturities. Its history illustrates both the promise of a technology-enabled mortgage business and the operational risks that remain behind the application screen.

6 sources3 versions

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