Payments News

On The Web

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Companies

Stripe Is Seeking More Funding As Valuation Takes Off

“Stripe is fundraising for a financing round that values the digital payments company at more than $100 billion, four banking and private-equity executives familiar with the matter said.  It’s unclear exactly how much the San Francisco company is seeking. One banker said Stripe is targeting $1 billion to $1.5 billion, while others pegged the total […]
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Deals

Stitch Emerges From Stealth With $4M for Its API Fintech Play in Africa

“Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. With its API, developers can connect apps to financial accounts. This allows users to share their transaction history and balances, confirm their identities and initiate payments. We’ve seen a wave of API-led financial services companies proliferating around the globe. […]
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Domains

Eftpos Launches Peer-to-peer Real-time Payment Service on Beem It | ZDNet

“Eftpos has launched a digital payments capability to facilitate peer-to-peer (P2P) real-time transactions. The service is a deposit and withdrawal messaging capability so users can make payments from their accounts using Eftpos between Australian debit cardholders “in seconds”. The payment service has initially been launched on payment app Beem It , which it bought in […]
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Deals

Anchorage Set for Growth Following $80M Fundraise

“Last month, digital asset entity Anchorage received a bank charter from the United States Office of the Comptroller of the Currency, or OCC. This month, the outfit has added $80 million in funds.  “Today, we are pleased to announce that Anchorage has raised an $80 million Series C, led by GIC, Singapore’s sovereign wealth fund, […]

On The Wires

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Deals

Mobility Capital Finance Inc. Receives Capital Investment From Mastercard

“The inequities in today’s financial system have left many Americans without access to affordable services, instead relying on payday lending, expensive cash checking services and remittance fees. Mobility Capital Finance (MoCaFi ), a financial technology, mobile-first banking platform, and Mastercard are partnering to bring alternate financial services to underserved communities with a specific focus on […]
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Domains

Lightspeed Partners With DLocal to Power Payments for Independent Merchants in Mexico

“dLocal , the foremost payment platform connecting global merchants to emerging markets, and Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced a new partnership. The collaboration will allow Lightspeed merchants to accept local payment options across Latin America as the small business market in that region undergoes a […]
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Providers

Varo Bank Introduces Varo Believe, a New and Better Way for Millions of Americans to Build Credit

“Varo Bank , the first all-digital nationally chartered bank in the US, today introduced the Varo Believe Program*, an innovative credit building product that includes a Visa credit card and credit monitoring. The Believe Program is aimed at the 45 million Americans who are “credit invisibles” – meaning they have insufficient credit history to qualify for […]
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Domains

Plastiq and Ramp Partner to Enable Businesses to Pay for Virtually Anything With a Credit Card

“Plastiq , an intelligent payments platform, and Ramp , America’s fastest growing corporate card, are announcing a new partnership that helps businesses pay for virtually any expense with the Ramp card. With this partnership, customers can now track, manage, and control every dollar of their company’s spend in a single place, including larger expenses that […]
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Domains

Nets Integrates PayPal Into E-commerce Checkouts

“European payment services provider Nets now offers PayPal as a payment option for its merchants in the Nordics.  ​Nets customers in Denmark, Finland, Norway and Sweden will find PayPal available on the Nets e-commerce platform, NetsEASY, along with cards and local payment options for SMBs. Nordic merchants – particularly those with an international customer base […]