Search
Get in Touch
Payments News
Search Results for: deals

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.”

Deals

Payments Firm Flywire Plans IPO at $3 Billion Valuation: Sources

January 25 2021

> Reuters

“Flywire Corp has hired investment banks to prepare for a U.S. initial public offering (IPO) later this year that could value the payments processor at around $3 billion, people familiar with the matter said on Friday. Flywire is working with Goldman Sachs Group Inc and JPMorgan Chase & Co on the listing, which could come […]

Deals

WSJ News Exclusive | NCR Is Nearing a Deal to Buy ATM Operator Cardtronics

January 25 2021

> Wall Street Journal

“NCR Corp. is nearing a deal to buy Cardtronics PLC after outbidding a pair of investment firms that had earlier agreed to buy the ATM operator. NCR is finalizing a takeover that would value Cardtronics at $39 a share, or around $1.7 billion, according to people familiar with the matter. As always, the talks could […]

Deals

B2B Payments Startup Melio Reaches $1.3B Valuation Following $110M Series C2

January 25 2021

> Crunchbase News

“Melio, a fintech company with a presence in New York and Israel, is giving small businesses a way to digitally manage their business-to-business payments and receivables. “We are an accounts payable and accounts receivable tool to enable them to pay any vendors and also let them get paid by business customers,” Melio co-founder and CEO […]

Deals

Sweden’s Trustly Plans $11 Billion IPO As Digital Payments Boom: Sources

January 22 2021

> Reuters

“Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second-quarter flotation that could value it at up to 9 billion euros ($11 billion), people close to the matter said. The initial public offering (IPO), likely in Stockholm, is one of a number of technology […]

Deals

TransferWise Picks Banks to Spearhead Blockbuster Flotation

January 21 2021

> Sky News

“TransferWise, the British-based payments group, has picked two of Wall Street’s biggest players to spearhead a bumper flotation that could be among the most prestigious in a bulging pipeline of London stock market debutants. Sky News has learnt that TransferWise has appointed Goldman Sachs and Morgan Stanley as joint global co-ordinators for its long-awaited initial […]

Deals

Payments Startup Payoneer in Merger Talks With SPAC

January 21 2021

> Bloomberg

“Payoneer Inc. , an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition Corp. , a blank-check firm, according to people with knowledge of the matter. FTAC rose as much as 29% on the news.”

Deals

Trovata.io Secures $20 Million in Series A Funding From Syndicate of Financial Institutions Led by Wells Fargo Strategic Capital

January 20 2021

“Trovata.io , the leader in automating cash management with open banking, announced today the closing of its Series A funding round, raising $20 million. Wells Fargo Strategic Capital led the investment round with participation from new investors, Capital One Ventures and Pivot Investment Partners, as well as existing early investors, J.P. Morgan and FINTOP Capital.”

Deals

X1 Card Raises $12 Million for Its Credit Card With Limits Based on Your Income

January 15 2021

> TechCrunch

“X1 Card is raising a $12 million funding round. The company is building a credit card that sets limits based on your current and future income, not your credit score. Spark Capital is leading the round with Jared Leto, Aaron Levie, Jeremy Stoppelman, Max Levchin and Ali Rowghani also participating. American Express veteran Ash Gupta […]

Deals

Warburg-Backed Vietnam E-Wallet Raises $100 Million

January 15 2021

> Bloomberg

“Vietnam’s startup payment app MoMo has raised a new funding round of more than $100 million, according to two people familiar with the investment. The company, M-Service JSC, creator of MoMo, confirmed that it raised money from investors without specifying how much.”

Companies

UBS Fund Pursues $400 Million Stake in SoftBank-Backed Paytm

January 14 2021

> Bloomberg

“UBS Group AG is in talks to invest $400 million in Paytm, the most valuable Indian startup, in a bet on the surging digital payments market in the world’s second-most populous country, people with knowledge of the matter said.    A fund run by UBS’s asset management arm is in discussions to buy a stake […]

Deals

MX Raises $300 Million in Series C Funding, Increases Valuation to $1.9 Billion

January 13 2021

“MX, the leader in data-driven finance and creator of the Money Experience category, today announced it has raised $300 million in a Series C funding round led by a $150 million investment from TPG Growth with additional participation from new and existing investors including CapitalG, Geodesic Capital, Greycroft, Cota Capital, Canapi Ventures, Digital Garage, Point72 […]

Deals

Rapyd Raises $300 Million in Funding to Support Accelerated Growth Within Global Payments Industry

January 13 2021

“Rapyd , a global Fintech as a Service company, today announced a $300 million Series D financing round led by Coatue. Several new investors participated in the financing, including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment from current investors General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and […]

Deals

Billtrust and South Mountain Merger Corp. Announce Closing of Business Combination

January 13 2021

“BTRS Holdings Inc. (“Billtrust”), a B2B accounts receivable automation and integrated B2B payments leader, and South Mountain Merger Corp. (“South Mountain”), a special purpose acquisition company, announced today the completion of their previously announced business combination. The business combination was approved by South Mountain’s stockholders on January 12, 2021.”

Deals

Modern Treasury Raises $38M to Enable Faster, More Efficient B2B Payments

January 12 2021

“Modern Treasury, a payment operations software provider, today announced a $38 million Series B funding round led by Altimeter Capital, with prior backers Benchmark and Y Combinator participating. The funding occurs amid explosive growth for Modern Treasury’s payment operations and treasury management solutions, which enable companies to instantly close books with Continuous Accounting, manage payments […]

Deals

Curve Closes $95m in Equity As It Plans US Launch

January 12 2021

“Curve, the London-based fintech that combines multiple cards and accounts into one smart card and even smarter app, today announces it has secured $95 million from a leading group of international investors as part of a successful Series C round. Curve will deploy the investment to expand internationally, including to the US, and to deepen […]

Deals

Checkout.com Raises $450 Million and Reaches $15 Billion Valuation

January 12 2021

> TechCrunch

“Payments company Checkout.com is raising once again. The company has closed a $450 million Series C round with Tiger Global Management leading the round — Greenoaks Capital and all existing investors are also participating. If you’re not familiar with the company, Checkout.com wants to build a one-stop shop for all things related to payments, such […]

Deals

Equifax Announces Definitive Agreement to Acquire Kount

January 11 2021

“Equifax ® (NYSE: EFX ) a global data, analytics and technology company has signed a definitive agreement to acquire Kount, a provider of Artificial Intelligence (AI)-driven fraud prevention and digital identity solutions, for $640 million. As global digital transformation accelerates, driving customer interactions to digital channels in record numbers, businesses require new ways to establish digital […]

Deals

WSJ News Exclusive | NCR in Talks to Buy Cardtronics

January 11 2021

> Wall Street Journal

“NCR Corp. is in talks to buy Cardtronics PLC , according to people familiar with the matter, seeking to snatch it away from a pair of investment firms including private-equity giant Apollo Global Management Inc . that earlier agreed to buy the ATM operator. Cardtronics said Thursday it had received an unsolicited bid worth $39 […]

Deals

Online Lender SoFi to Go Public Through Merger With Palihapitiya-backed SPAC

January 8 2021

> Reuters

“U.S. online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya. The deal values SoFi at around $8.65 billion and is expected to provide up to $2.4 billion […]