Consumer Confidence Up; DailyPay Upsizes Debt Deal; Payoneer Files Charter App

Consumer confidence improves. DailyPay upsizes debt deal. Yendo lands new warehouse facility. Inscope raises Series A. Jump bags $80Mn Series B. Basis joins unicorn club with $100Mn raise. Payoneer files trust charter app. Crypto.com gets conditional approval.

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Consumer Confidence Gets a Bounce

Consumer confidence got a bounce in February, according to the latest data from the Conference Board. The organization’s gauge of how U.S. consumers are feeling ticked up to 91.2, coming in above all but one industry analyst’s forecast. The positive reading follows an upward revision for the prior month to 89. The news comes amid other data that suggests the employment market may be stabilizing somewhat. Though, it should be pointed out, the survey was conducted before the recent Supreme Court decision striking down President Trump’s use of IEEPA to impose a broad range of tariffs. The administration has indicated it will pursue re-implementing some level of tariffs using other statutory authorities, which may add uncertainty to the economic outlook.

Meanwhile, Federal Reserve Governor Lisa Cook said the central bank may not be able to counter the employment impacts of rising adoption on the job market, during an appearance at the NABE Economic Policy Conference last week. “If AI continues to raise productivity, economic growth could remain strong, even as churn in the labor market leads to an increase in unemployment. In a productivity boom such as this, a rise in unemployment may not indicate increased slack,” Cook warned.

DailyPay Upsizes Debt Deal

Employer-integrated earned wage access provider DailyPay announced it has inked a deal to expand its debt facility by $200Mn. The latest announcement adds to a $200Mn asset-backed securitization the company completed in June 2025 and a $195Mn facility led by JPMorgan Chase, bringing DailyPay’s total lending capacity to $960Mn. According to the company’s news release, the newly expanded facility includes participation from existing partners Citi, TPG Credit, and Barclays and new partners Royal Bank of Canada and TD Bank Group. Clients of DailyPay that make its service available to their employees include names like Duracell, Lidl, Bank of Montreal, and JLL.

Yendo Announces New $200Mn Warehouse

Yendo, which offers a “vehicle-backed” credit card, announced it has raised a new $200Mn warehouse facility. The company offers credit limits of up to $10,000 to consumers who typically may not qualify for a traditional unsecured credit card. Yendo’s unique offering is currently available in 4 states. The new facility is from i80, which previously led the company’s $150Mn debt deal in 2024. The additional debt will enable Yendo to continue scaling its originations, following the company’s $50Mn Series B last October.

Inscope Raises Series A

Inscope, a financial reporting and analysis platform, announced it has raised a $14.5Mn Series A. The round was led by Norwest, with participation from Storm Ventures, Better Tomorrow Ventures, and Lightspeed Ventures. The new funding brings Inscope’s total raised to date to $18.8Mn. Inscope focuses on leveraging AI to automate workflows and embedding intelligence into the financial reporting process. The platform enables accounting professionals to prepare, review, and deliver financial statements more quickly and efficiently, while still maintaining full audit trails. Inscope plans to use the funds to “to continue investing in its engineering and go-to-market teams while expanding support for complex reporting requirements across large organisations,” according to the company.

Jump Bags $80Mn Series B

Jump, an AI-powered meeting workflow tool for financial advisors, announced it has raised an $80Mn Series B. The round was led by Insight Partners, with participation from Battery Ventures, Sorenson Capital, Pelion Venture Partners, Citi Ventures, TIAA Ventures, Peterson Partners, F-Prime, and Allianz Life Ventures. Existing angel investors Ryan Anderson, Hans Tung, and Aaron Skonnard also participated in the latest round. The new round brings Jump’s total funding to date to $105Mn. Jump’s platform enables financial advisors to more efficiently prep and run meetings, including note taking, compliance, and follow ups. Jump says the new funding will be used to move beyond simple automation to “a broader suite of agentic, insight-driven AI capabilities that can proactively identify opportunities, risks and next best actions for advisors.”

Basis Joins Unicorn Club with $100Mn Raise

In other AI-related fundraise news, Basis, an AI-powered accounting automation platform, announced it has raised $100Mn at a $1.15Bn valuation. The funding round was led by Accel, with participation from GV (formerly known as Google Ventures), former Goldman Sachs CEO Lloyd Blankfein, and existing investor Khosla Ventures. Basis builds AI agents that help accounting firms automate tasks like gathering materials, preparing financial statements, and filing tax returns. The company positions its platform as augmenting, rather than replacing, accountants. By automating routine and repetitive tasks using agents, accountants can spend their time on higher-value tasks. The new investment brings Basis’ total raised to date to $138Mn. The company says its platform is already being used by about 30% of top-25 accounting firms.

Payoneer Files Trust Bank Charter App

International payroll firm Payoneer became the latest firm to apply for an OCC trust bank charter last week. The company is seeking to form Payo Digital Bank, which, the company says, would support the creation and operation of stablecoin infrastructure to support Payoneer’s global business. Payoneer described the charter application as a “critical next step” in its plan to integrate stablecoins into its operations. Payo Digital Bank, if approved and once operationalized, would facilitate sending and receiving stablecoins, be used to issue its own Payo-USD token, manage the reserves backing the token, and offer custodial services.

Crypto.com Gets OCC Nod

In other charter-related news, Crypto.com’s parent company, Foris DAX, has received conditional approval of its charter application to form Foris DAX National Trust Bank. The trust bank will be a wholly-owned subsidiary of Foris Holdings and plans to do business under the name Crypto.com National Trust Bank. Crypto.com cofounder and CEO Kris Marszalek commented on the news, saying, “This milestone brings us a major step closer to meeting leading institutions' needs for a one-stop-shop qualified custodian under a gold standard of federal oversight.” Crypto.com is one of numerous firms that have applied for or been conditionally approved for a trust bank charter app, many of which are crypto- or stablecoin-focused and plan to use the newly chartered entities as part of those businesses.