Payments News
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Deals

Galileo Financial Technologies Raises $77 Million Series A Led by Accel

“Galileo, the company whose APIs power the next generation of banking products globally, announced its first institutional funding round today—a $77 million investment led by venture capital firm Accel with participation from Qualtrics Co-Founder & CEO Ryan Smith. The company, which is already profitable and growing rapidly, plans to use the funds to accelerate growth, including expansion into Latin […]

On The Web

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Deals

Paytm Nears $2 Billion From Backers Including SoftBank, Ant

“Indian fintech giant Paytm is close to scoring $2 billion of new financing from investors including Jack Ma’s Ant Financial , Japan’s SoftBank Group Corp. and Rob Citrone’s Discovery Capital Management to fend off an influx of new rivals, a person familiar with the matter said. The funding will be split evenly between equity and […]
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Deals

Bnext Raises $25 Million for Its Mobile Banking Alternative

“Fintech startup Bnext has raised a $25 million funding round. The Spanish company is building a banking product and has managed to attract 300,000 active users. DN Capital, Redalpine and Speedinvest are leading today’s funding round. Existing investors Founders Future and Cometa are also participating. Other investors include Enern, USM and Conexo.”
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Deals

To Beat Amazon Go, Standard Cognition Buys Cashierless DeepMagic

“Valued at $535 million, autonomous retail startup Standard Cognition has emerged as a soon-to-be tech giant and the best hope for merchants to compete with Amazon Go. Cashierless checkout is poised to transform brick-and-mortar commerce, and shop owners fear having to battle Amazon’s technology alone or partner with it, exposing data it could use against […]
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Deals

Lemon Way Banks €25 Million to Grow Payment Platform Across Europe

“Lemon Way , a Paris-based payment processor for marketplaces and crowdfunding platforms, has raised €25 million from Toscafund Asset Management. Bootstrapped for twelve years, this is the company’s second investment round to strengthen and expand its presence across Europe. Lemon Way offers payment processing, wallet management, and third-party payments. The platform serves 1,400 marketplaces and […]
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Deals

Uber Acquires Cornershop, a Grocery Delivery Start-Up

“Uber has acquired a majority stake in the grocery delivery start-up Cornershop for an undisclosed sum, the company announced on Friday, as it seeks to build its food delivery business. The company has looked to expand beyond ride-hailing, particularly since its troubled debut on the public markets in May. Although the growth of its core […]
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On The Wires

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Deals

Pan-European Payment Institution Lemon Way Announces a €25 Million Investment From Toscafund

“Pan-European payment processor Lemon Way , managing over 7 million payment accounts, announces the signing of a €25 million investment from Toscafund Asset Management LLP (“Toscafund”), the London-based specialist financial services investor. The transaction, which is subject to customary regulatory approvals, marks Toscafund’s first private equity investment in France.”
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Deals

Lightspeed POS Inc. Announces the Acquisition of Kounta

“Lightspeed POS Inc. (TSX: LSPD), a leading omnichannel point of sale platform for over 51,000 customer locations1 worldwide, today announced that it has entered into an agreement to acquire Australia-based Kounta Holdings Pty Ltd, a rapidly growing, cloud-based POS solutions provider to small and medium-sized businesses operating within the hospitality industry.”