Fintech Highlights — June 2026
A look back at the fintech stories, deals, and IPOs that stood out this month.
Robinhood trimmed staff even as trading volume hit records.
The company cut 10% of its workforce — about 290 roles — with CEO Vlad Tenev framing it as a proactive move to "stay lean," despite record June trading volumes across equities, options, and prediction markets. The stock is still down 17% on the year, largely on plunging crypto revenue, so "proactive" is doing some work in that framing.
Berkshire Hathaway made its first big move under new leadership.
In CEO Greg Abel's first major acquisition since Warren Buffett's retirement, Berkshire agreed to buy homebuilder Taylor Morrison for $6.8 billion, with plans to fold it into a combined platform alongside existing subsidiary Clayton Homes — even as U.S. new home starts and sales continue to decline nationally.
Kalshi's valuation kept climbing, and Meta made an unusual fintech bet.
- Kalshi was reportedly in talks to raise at a $40 billion valuation — nearly double where it stood just months earlier.
- Meanwhile, Meta invested $900 million in Indian fintech CRED at a $4.5 billion valuation, with CRED's CEO Kunal Shah stepping down to become Meta's head of WhatsApp — an unusually direct pipeline from fintech founder to Big Tech executive.
Also this month:
- Ripple acquired a stake in African fintech Flutterwave at a $3.3B valuation;
- Mercury raised $200M at a $5.2B valuation; and
- Blockchain.com confidentially filed for a U.S. IPO.