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Deals

NYMBUS Raises $53 Million in Series C Funding Led By Insight Partners

February 11 2021

“NYMBUS® , a leading provider of banking technology solutions, today announced a $53 million financing round led by existing investor Insight Partners – notable for backing ScaleUp SaaS companies with capital and operational support. Nymbus will leverage the latest funds to empower financial institutions with expanded access to its unique GROW model which creates new […]

Deals

Pakistani Fintech Safepay Raises Seed Funding From Stripe, Others

February 11 2021

> MENAbytes

“Karachi-headquartered fintech Safepay has raised seed funding from global financial technology platform company Stripe. The startup did not share the exact size of the deal but has told us that it’s a seven-figure (USD) amount alongside participation of other local and international investors.”

Deals

Sweden-based Digital Bank Northmill Raises $30M

February 11 2021

> TechCrunch

“Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli.”

Deals

India’s BharatPe Valued at $900 Million in New $108 Million Fundraise

February 11 2021

> TechCrunch

“India may soon have another fintech unicorn. BharatPe said on Thursday it has raised $108 million in a financing round that valued the New Delhi-based financial services startup at $900 million, up from $425 million last year. Coatue Management led the three-year-old startup’s Series D round… BharatPe operates an eponymous service to help offline merchants […]

Deals

TomoCredit Raises $7M to Help the Cash Rich and Credit Poor

February 10 2021

> TechCrunch

“It’s difficult to get credit if you don’t have credit. That’s the problem that startup TomoCredit is trying to solve. Co-founder and CEO Kristy Kim came up with the concept for the company after being rejected multiple times for an auto loan while in her early 20s.”

Deals

Equifax Acquires Open Banking and Transaction Data Analytics Company AccountScore

February 9 2021

“Equifax , Inc. (NYSE: EFX ) has acquired transaction data analytics company AccountScore Holdings Limited to bolster its Open Banking and insights capabilities. The acquisition will see Equifax enhance its consumer and commercial product offerings, combining traditional credit bureau information held by Equifax with bank transaction data, facilitated by AccountScore.”

Deals

Mesh Payments Raises $13M to Transform the Way Companies Manage Corporate Payments Without Corporate Cards

February 9 2021

“Mesh Payments brings corporate payments into the 21st century by embedding a cardless payments solution into the day-to-day organizational flow of a company, integrating into existing organizational systems. Mesh enables full control and real-time visibility for corporate finance teams and streamlines payment activities across multiple department processes (IT, HR, Marketing, etc.) enabling organizations to better […]

Companies

Venmo to Gain Crypto, Budgeting, Savings and Honey Integrations This Year

February 5 2021

> TechCrunch

“The Venmo mobile payments app is going to look very different in 2021 as it inches closer to neobank territory with expansions into budgeting, saving and cryptocurrency, said Venmo parent company PayPal, during its fourth-quarter earnings on Wednesday. The company also plans to put its $4 billion Honey acquisition to work by integrating its suite […]

Companies

Payoneer Reaches $3.3 Billion Deal to Go Public With Betsy Cohen SPAC

February 3 2021

> Bloomberg

“Payoneer Inc., the online payments firm used by the likes of Airbnb Inc. and Amazon.com Inc., agreed to go public by merging with a blank-check firm led by Betsy Cohen.    The deal with FTAC Olympus Acquisition Corp. values Payoneer at $3.3 billion, the companies said in a statement on Wednesday. The transaction also includes […]

Deals

Routefusion Secures $3.6 Million Seed Round

February 2 2021

“Routefusion , a financial technology company focused on providing the easiest and fastest way for tech companies to embed cross-border payments in their applications, announced today it has secured $3.6 million in seed funding from venture capital firms in Austin, TX, and San Francisco, CA.  The Austin-based company’s round was led by Silverton Partners with additional participation from Initialized Capital […]

Domains

California to Regulate Early Wage Access Firms Under Landmark Agreements

January 29 2021

> American Banker

“Five companies in the early wage access industry have reached landmark agreements with California regulators that will govern their operations in the nation’s largest state. The voluntary pacts give the firms, which to date have been largely unregulated, greater certainty about their ability to offer products to the state’s nearly 40 million residents. In exchange, […]

Deals

Coinbase announces proposed direct listing

January 29 2021

“Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to be pursuant to a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). Coinbase Global, Inc. previously announced on December 17, […]

Deals

FLEETCOR Acquires Cloud Software Platform Provider of B2B Online Bill Payment

January 28 2021

“FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has acquired Roger, a global accounts payable (AP) cloud software platform for small businesses. The acquisition will extend FLEETCOR’s portfolio of accounts payable automation solutions to small businesses, helping them automate their manual payment processes.”

Deals

Fintech Darling Nubank Raises Blockbuster $400M Series G at $25B Valuation

January 28 2021

> TechCrunch

“While the pandemic has left some startups strapped for cash, the aptly-named Brazilian neobank Nubank is swimming in it. This morning, the company announced that it has raised a $400 million Series G round, putting their total funding to date at $1.2 billion. But even more remarkable, in addition to their new $25 billion valuation […]

Deals

Synchrony to Acquire Allegro Credit to Drive Growth in Health and Wellness Financing

January 27 2021

“Synchrony (NYSE: SYF) today announced it has reached a definitive agreement to acquire Allegro Credit , a leading provider of point-of-sale consumer financing for audiology products, dental services and musical instruments.  Allegro Credit’s merchant network and customer base will largely join CareCredit, Synchrony’s health and wellness financing platform. The acquisition advances Synchrony’s growth and diversification […]

Deals

Token Secures $15m Series B to Power Open Payments Across Europe

January 27 2021

“Leading open banking payments platform, Token, today announces $15m in Series B financing, welcoming investment from SBI Investment Co. Ltd. and Sony Innovation Fund by IGV as well as from existing investors Octopus Ventures, EQT Ventures and the venture arm of BNP Paribas, Opera Tech Ventures.”

Deals

Black-owned, Education-first Kids and Family Banking App Goalsetter Raises $3.9M Seed Round Led by Astia

January 26 2021

“Goalsetter , a Black-owned kids and family finance app that provides a next-generation, education-first banking experience for U.S. kids and teens, today announced its seed capital raise of $3.9 million. The capital raised will support the company’s plans to accelerate subscriber growth and enhance its ability to further build out its platform. Goalsetter is the only debit card […]

Deals

Stripe Leads $102 Million Funding Round for Online Checkout Start-up Fast

January 26 2021

> CNBC

“Payments giant Stripe is leading an investment in a smaller online checkout company, Fast. San Francisco-based Fast announced a $102 million funding round on Tuesday, just a few months after launching its first checkout product. The Series B was led by Stripe and Addition Capital, with participation from Index Ventures and other existing investors.”

Deals

Alma Raises $59.4 Million for Its Klarna-like Payment Option

January 25 2021

> TechCrunch

“French startup Alma is raising a $59.4 million Series B funding round (€49 million). The company has been building a new payment option for expensive goods. You can choose to pay over three or four installments. This product sounds familiar if you’ve used Klarna in the past. But Klarna isn’t available in France.”