Payments News

On The Web

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Deals

Shopify Brings on Team From Augmented Reality Home Design App Primer

“In Friday acquisition news, Shopify shared today that they’ve acquired the team from augmented reality startup Primer , which makes an app that lets users visualize what tile, wallpaper or paint will look like on surfaces inside their home. In a blog post , co-founders Adam Debreczeni and Russ Maschmeyer write that Primer’s app and […]
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Deals

HPE Collects €160 Million to Support Portfolio Company PPRO

“European growth investor HPE Growth has collected €160 million (roughly $194.8 million) to support an increasingly popular deal structure that gives the firm more time to support PPRO Financial Ltd., a cross-border payments infrastructure technology company the firm initially backed in 2014. HPE Growth, which invests in small and medium-size technology companies across Western Europe, […]
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Deals

Tech Group Ledger Completes New Fundraising, Valuing It at Over $1.5 Billion

“French technology and digital company Ledger said on Thursday it completed a new $380 million fundraising round that gave it a valuation of more than $1.5 billion. Ledger, headquartered in Paris, runs a platform called Ledger-Live which deals with cryptocurrencies. Its latest Series C fundraising round was led by 10T Holdings, while other investors involved […]
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Deals

Marqeta Closes up 13%, Topping $16 Billion Market Cap in Wall Street Debut

“Shares of payment processing company Marqeta closed up 13% after its market debut Wednesday on the Nasdaq. Shares closed at $30.52, giving the company a market cap of just over $16 billion. Marqeta priced just over 45 million shares at $27 apiece on Tuesday, above its initial $20 to $24 target range. The company raised […]
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Deals

Kafene Raises $14M to Offer Buy Now, Pay Later to the Subprime Consumer

“The buy now, pay later frenzy isn’t going anywhere as more consumers seek alternatives to credit cards to fund purchases. And those purchases aren’t exclusive to luxuries such as Pelotons (ahem, Affirm) or jewelry someone might be treating themselves to online. A new fintech company is out to help consumers finance big-ticket items that are […]

On The Wires

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Deals

Clip Becomes Mexico’s Fintech Unicorn

“Clip, Mexico’s leading digital payments and commerce platform, today announced it has received a U.S. $250 million capital investment led by the SoftBank Latin America Fund and Viking Global Investors LP. The investment is the largest ever for a payments company in Mexico and establishes Clip as the first payments Unicorn in the 12th largest […]
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Deals

Southern Bancorp, Inc. Receives Investment From Square, Inc. As Part of the Company’s $100 Million Commitment to Minority and Underserved Communities

“Square, Inc. announced this week the allocation of $25 million as part of its $100 million investment to minority and underserved communities. Southern Bancorp, Inc., one of the nation’s original Community Development Financial Institutions (CDFIs) serving the Mid-South, was an investee, with Square, Inc. making an equity investment.”
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Deals

Clair Closes $15M Series A Led by Thrive Capital

“Clair, a social impact, embedded fintech startup transforming how America’s hourly workers get paid, today announced the close of a $15 million Series A funding round led by Thrive Capital , a firm that has been a part of building and investing in many of the top technology companies of the last decade. This brings […]