Payments News

On The Web

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Deals

Fiserv Tugs the Curtain Back a Bit on Early Gains From Its Big First Data Acquisition

“Six months after closing on its $22 billion acquisition of First Data Corp., Fiserv Inc. on Tuesday dropped some tantalizing hints about early benefits the deal has generated for the combined company. First Data’s Clover app-based platform for merchant checkouts, for example, saw its gross payment volume grow fully 40% in 2019, Fiserv chief executive […]
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Deals

Payments infra startup Finix closes $35M Series B led by Sequoia

“This morning Finix , a software-as-a-service (SaaS) startup selling payments tech to other businesses, announced that it has raised a $35 million Series B. Sequoia led the round, which also saw participation from new investors Activant Capital and Inspired Capital.”
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Deals

Repay Expands Its Footprint With Ventanex Acquisition

“Payment-services provider Repay Holdings Corp. continued its run of acquisitions Monday when it announced it bought Ventanex for up to $50 million. Ventanex is an integrated-payments provider operating in consumer finance, especially mortgage-loan servicing, business-to-business health-care payments, and some other segments.”
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Deals

Worldline Strikes $8.6 Billion Deal to Create European Payments Giant

“Fintech company Worldline SA agreed Monday to acquire rival Ingenico Group SA ING +13.12% for €7.8 billion ($8.6 billion), the biggest global deal of the year so far, creating a giant in the fast-consolidating European payments sector. The all-French deal comes as consumers are using their mobile phones and payment cards more to make purchases and […]
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Deals

Ramp, a Brex and Amex Rival, Raises $25 Million for a New Corporate Card

“A new credit card startup is taking aim at American Express and other stalwarts that have long dominated corporate expense accounts. Ramp, a New York-based fintech firm whose founders sold their last venture to Capital One , has raised $25 million and signed up nearly 100 businesses to its card, the company announced Wednesday.”
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Deals

Telefonica, Deutsche Telekom, Others Put $13M Into Blockchain Startup Clear | Light Reading

“Telefónica and Deutsche Telekom are among the investors that participated in a $13 million Series A round of venture funding into Israel-based startup Clear, which is working to apply blockchain technology to the global telecom industry. The company’s goal is to use blockchain to eliminate, or at least reduce, the expenses surrounding financial interactions between […]
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Deals

Earthport FX Gets Sold to Currency Holdings Limited

“Following completion of the transaction, Visa and Earthport have made the decision to sell Earthport’s FX subsidiary – Earthport FX Limited, in order to accelerate the growth of Earthport’s wider core payment business. Visa says it believes that the Earthport FX business will be better positioned as a core part of the new owner’s organisation.”

On The Wires

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Deals

Mexico Digital Bank Stori Raises $10 Million USD and Launches Inclusive Digital Credit Card

Stori announced its $10 million USD Series A2 financing, co-led by Bertelsmann Investments (BI) and Source Code Capital, and joined by existing investor Vision Plus Capital; visit for more information. Stori also launched their credit card, with compelling digital features, in Mexico. This new round of financing will enable Stori to strengthen its big data and AI platform, grow its talent […]
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Deals

Lightspeed Launches New Integrated Payment Capabilities with Stripe

“Now partnered with global payments processing platform Stripe, Lightspeed Payments offers merchants a variety of processing options to best suit their business. This partnership enables Lightspeed Payments to now offer a faster checkout experience, improved reporting, and sleek new hardware well-suited for ambitious omnichannel merchants.”
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