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Squads Raises $18M to Build Business Finance on Stablecoin Infrastructure

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NEW YORK, April 29, 2026 /PRNewswire/ — Squads today announced an $18 million strategic round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, Collab+Currency, Electric Capital, Placeholder, Jump Crypto, and Robot Ventures, bringing total funding to $42.9M. This raise accelerates Altitude, a financial operating system built on stablecoin infrastructure.

Stablecoins are changing the infrastructure of business finance. For the last decade, building financial products for businesses meant building on top of banks – bank partnerships were required to hold customer funds and access payment rails. Every new market meant a new bank and a new compliance cycle. Blockchains changed the underlying infrastructure. Stablecoins turned money into software, allowing treasury and payments to be separated from the fractional reserve system for the first time.

This separation has produced a new category of licensed Payment Service Providers (PSPs) that move money across both stablecoin and traditional banking rails. The market has moved quickly: Stripe acquired Bridge for $1.1 billion, Mastercard acquired BVNK for $1.8 billion. These PSPs were the missing piece to build a full-stack financial operations platform on stablecoin rails.

Altitude is built on this shift. It does not hold customer funds. Treasury is held in stablecoins. When funds need to move, they settle on stablecoin rails instantly, 24/7, at low cost. When they need to reach traditional banking rails, they do so through a network of licensed stablecoin PSPs.

Since publicly launching in December 2025, Altitude has processed over $200 million in payments for exporters, global agencies, crypto-native companies, and cross-border remote teams. Customers choose Altitude for what stablecoin infrastructure unlocks: global-by-default coverage, multi-currency support, instant settlement, and programmable controls. With $18M in new funding, Altitude is growing its team, expanding its payment network, and accelerating product development.

“This raise backs a simple idea: businesses are better off running on stablecoins than on legacy banking infrastructure. Solana is now mature enough to carry global business finance, regulators have built the frameworks to support it, and for the first time you can build a full financial platform on a genuinely new system,” said Stepan Simkin, CEO of Squads.

“The Squads team spent the last four years building the security infrastructure that most of the Solana ecosystem runs on. Stablecoins and programmable blockchains are changing how global finance works. This is the team with the technical depth and the vision to build the financial platform that sits on top of that shift. We believe Altitude will be how the next generation of global businesses runs their financial operations,” said Matthew Beck, Head of Solana Ventures.

Two criticisms have historically limited stablecoin adoption in mainstream business finance: compliance gaps and security concerns. Altitude addresses both directly.

On compliance, Altitude has built a proprietary engine that imposes the same checks expected from any regulated fintech: continuous sanctions screening, AML checks, transaction monitoring, and KYB verification. This engine enables every Altitude account to plug into licensed PSPs including Bridge, MoonPay, Infinite, Due, and others for global coverage.

On security, Altitude enforces controls at each layer of the stack. At the product layer, every business account comes with programmable controls, granular permissions, and configurable multifactor authentication. At the infrastructure layer, Squads Protocol handles asset custody and money movement, securing over $10 billion in value. At the settlement layer, every transaction is recorded and settled on Solana.

“As we scaled, treasury and payments turned into an operational headache. Complexity and fees kept compounding. Altitude removed both,” said Kash Dhanda, COO, Jupiter.

About Squads

Squads is a financial infrastructure company building on Solana. The company operates two products: Squads Multisig, the smart account standard securing over $10 billion in assets across the Solana ecosystem, and Altitude, a financial operating system that gives businesses multi-currency accounts, corporate cards, global payments, APY on balances, and a CFO stack to run it all. Learn more at altitude.xyz or squads.xyz.

View original content:https://www.prnewswire.co.uk/news-releases/squads-raises-18m-to-build-business-finance-on-stablecoin-infrastructure-302757566.html

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Alkami to Host Webinar with Thomaston Savings Bank on Using Predictive AI to Deliver Data-Driven Guidance and Accelerate Growth

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October 26, 2026

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Leaders from Alkami and Thomaston Savings Bank will discuss how financial institutions can use predictive AI and behavioral signals to drive strategic growth and strengthen account holder relationships

PLANO, Texas, Oct. 26, 2026 /PRNewswire/ — Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a digital sales and service platform provider for financial institutions in the U.S., today announced an upcoming webinar hosted with Thomaston Savings Bank, “Guess Less and Grow More with Predictive AI.” The webinar will take place Wednesday, October 28, 2026, at 2 p.m. ET.

As account holders increasingly expect more personalized and proactive experiences, financial institutions have an opportunity to leverage data to deliver tailored guidance during every interaction. According to Alkami research, 44% of Americans who use digital banking wish their primary financial provider did a better job anticipating their financial needs and goals.1

The upcoming webinar will explore how financial institutions can respond to these expectations by using predictive artificial intelligence (AI) to drive growth across deposits and lending while strengthening primary relationships. Speakers will discuss how Alkami’s Data & Marketing Solution uses behavioral insights and predictive AI to help institutions identify growth opportunities and deliver more personalized outreach.

Featured speakers include:

Kent Blacksher, strategic account executive, AlkamiEthan O’Day, business intelligence analyst, Thomaston Savings Bank

“Data helps us understand how customers engage, but the real value comes from understanding what those behaviors may tell us about their needs,” said Ethan O’Day, business intelligence analyst, Thomaston Savings Bank. “Predictive AI can help us focus our outreach sooner and make it more relevant, while our team’s expertise keeps the work grounded in the relationships we have with our customers.”

During the session, attendees will learn how to:

Identify deposit and lending opportunities using behavioral signalsCreate more relevant outreach for customers and membersRecognize engagement and attrition signals earlierSimplify campaign execution and move from insight to actionBuild marketing strategies that support growth and retention

The presentation will explore real examples of how data-activated campaigns drive faster product adoption, along with insights into how predictive AI can help guide your team’s strategy.

“Financial institutions have more data than ever, but data creates value when teams can turn insight into action,” said Kent Blacksher, strategic account executive at Alkami. “Combining predictive AI with human expertise allows marketing teams to skip the guesswork while building stronger account holder relationships.”

To register for the webinar, visit here.

To learn more about Anticipatory Banking and the Alkami Digital Sales & Service Platform, visit here.

About Alkami
Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing—each solution can stand alone, but together they deliver more—to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action.

1 Alkami Proprietary Research. 2026 Digital Banking Americans Research Study. Online survey of 1,500 U.S. digital banking Americans conducted March 26–April 22, 2026.

Media Relations Contacts
Vested
alkami@fullyvested.com

Marla Pieton
marla.pieton@alkami.com

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SOURCE Alkami Technology, Inc.

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ProjectDiscovery Introduces Neo Triage, Replacing Static Risk Scores with Proven Exploitability

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October 26, 2026

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Neo Triage reproduces every scanner, bug bounty and AI-generated finding against the real asset, then sets severity from proven impact

SAN FRANCISCO, Oct. 26, 2026 /PRNewswire/ — ProjectDiscovery, a leader in vulnerability detection and autonomous security testing, today announced the general availability of Neo Triage: a new capability in its Neo platform that validates every incoming security finding by safely reproducing it against the live asset. Every verdict comes with the exact requests and responses that prove it, so teams can go straight to fixing what’s real.

Neo Triage gives every team one place to triage findings from every source, including:

Dynamic triage: Runs safe, non-destructive tests from an isolated sandbox to reproduce each finding against the live assetVerdicts with evidence: Marks every finding valid, duplicate, needs more information, informative, not applicable or spam, and attaches the exact requests and responses as proofSeverity from proven impact: Sets severity from the impact Neo proved and from the asset’s context, including the data behind it, how exposed it is and what else it reachesOne queue for every source: Pulls findings from HackerOne, GitHub security advisories, security mailboxes, Wiz, Qualys, Orca and any other tool with an API onto one boardFix and retest: Suggests a fix, drafts a reply to the researcher and retests automatically once the fix shipsInsights: Tracks open backlog, SLA status, time to zero, weekly remediation and the quality of each source

“Today, AI has made finding vulnerabilities cheap, and security teams spend hours reproducing each finding by hand,” said Rishi Sharma, CEO and Co-founder of ProjectDiscovery. “In the next 6-12 months, triage and the bottleneck it causes will be the biggest problem security teams will face. Scanners, AI code review and AI-assisted bug hunting now generate findings faster than teams can review them, leaving most organizations with thousands – or even millions, of open findings. The hard part now is deciding which findings matter, and a score can’t make that decision. Proof can. Neo Triage tests every finding against the real asset and hands the team a verdict with the evidence attached, so teams spend their time on decisions instead of on reproducing reports.”

Manual triage takes anywhere from 15 minutes to four hours per finding. ProjectDiscovery estimates that for a 100,000-finding backlog, Neo Triage turns roughly 50,000 hours of manual work, the equivalent of 25 people for a year, into about 8,300 hours of verdict review. Every Neo tier – including its free, community tier – includes the full Triage product.

Neo itself is free to get started, with monthly usage included and no time limit. Anyone can sign up and run useful workflows immediately, whether that means triaging findings from their own scanners or running a prompt that checks whether they’re exposed to a newly disclosed vulnerability. As their usage grows, teams can move to Pro or Enterprise tiers under zero data retention.

For more information on Neo Triage, visit: https://projectdiscovery.io/blog/introducing-neo-triage 

About ProjectDiscovery

ProjectDiscovery is an open source cybersecurity company that built the security toolchain trusted by more than 100,000 practitioners worldwide. The company created Nuclei, the most widely used open source vulnerability scanner with over 10 billion scans run, along with a suite of modular tools including Subfinder, httpx, and Naabu that security teams use to map attack surfaces and identify exploitable vulnerabilities. Building on that foundation, ProjectDiscovery offers Neo, an AI-powered security testing platform that unifies SAST, DAST, and automated penetration testing to help teams move from finding vulnerabilities to verifying and fixing them. ProjectDiscovery is a winner of the RSAC Innovation Sandbox 2025 and a Black Hat Asia 2025 award recipient. Learn more at projectdiscovery.io.

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SOURCE ProjectDiscovery

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Corgi Insurance Appoints Morgan Bevin as VP, Public Affairs Officer

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October 26, 2026

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SAN FRANCISCO, Oct. 26, 2026 /PRNewswire/ — Corgi, an AI-native insurance carrier and financial infrastructure company, today announced the appointment of Morgan Bevin as VP, Public Affairs Officer. Bevin will help lead Corgi’s government affairs efforts, working at the intersection of insurance, financial services, and emerging technology as the company continues to expand its insurance offerings and infrastructure.

Bevin joins Corgi from Sternhell Group, where she served as Principal, advising clients on government relations across financial services and technology. Her work spans public policy, regulatory strategy, and government affairs for financial institutions, technology companies, and organizations across the financial services sector.

Prior to Sternhell Group, Bevin was a Consultant at Wachsman, providing strategic advisory and communications services to financial services and emerging technology companies. She also served as a Professional Staff Member on the U.S. House of Representatives Committee on Financial Services, where she helped lead the Committee’s financial technology agenda. Earlier in her career, she was a Financial Services Policy Fellow for Representative French Hill (AR-02).

Bevin’s background in financial services policy and government relations comes as Corgi continues to build modern insurance infrastructure for businesses navigating increasingly complex risks. As AI reshapes the insurance industry, Corgi is focused on developing technology-driven underwriting and insurance products while engaging with the regulatory and policy landscape surrounding the sector.

“We’re excited to have Morgan join Corgi as we continue to grow our business and expand our presence across the insurance industry,” said Jeremy Eisemann, Chief External Affairs Officer and Deputy General Counsel at Corgi. “Her experience across government, financial services, and emerging technology will be valuable as we work with policymakers and industry stakeholders to support the next generation of insurance.”

About Corgi

Corgi Insurance is an AI-native insurance carrier and financial infrastructure company. The company combines proprietary underwriting technology, modern insurance infrastructure, and in-house claims capabilities to provide coverage for businesses across a growing range of industries.

Media Contact:
Corgi Press
press@corgi.com

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SOURCE Corgi

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