Rainforest, a challenger to Stripe, has successfully secured $20 million in Series B funding to enhance its platform for managing payment transactions. The investment will be utilized to expand its services and improve user experience in the competitive fintech landscape.

Stripe has acquired FinTech startup Orum.io, which specializes in frictionless money movement using machine learning to enhance payment routing across various systems. This acquisition is part of Stripe's broader strategy to innovate and improve payment speed and efficiency, following a series of other acquisitions in recent months. The financial details of the deal remain undisclosed.

Stripe is creating a stablecoin-based product targeting customers outside the US, EU, and UK, utilizing technology from its recent $1.1 billion acquisition of Bridge. The product is in the testing phase, with Stripe seeking customer feedback on its features and functionality.

Stripe and Adyen are two major players in the global payments landscape, each catering to different market segments. While Stripe appeals to developers and small businesses with its user-friendly APIs, Adyen targets larger enterprises with a more complex, unified commerce solution. Both companies are investing in R&D and expanding their offerings, making them formidable competitors as they seek to capture a larger share of the payments market.