Payments News

On The Web

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Deals

Mercado Libre Takes $375M to Expand Credit Offer in Brazil and Mexico

“Mercado Libre has taken out a $375 million financing line with Citi Bank to expand its credit offer to consumers, entrepreneurs, and small-sized businesses in Brazil and Mexico . During the two-year deal with Citi, Mercado Libre intends to allocate $225 million to expand its credit vertical in Brazil and $150 million for Mexico.”
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Deals

India’s Simpl Raises $40 Million for Its Buy Now, Pay Later Service

“Bangalore-based fintech startup Simpl has raised $40 million as it looks to expand its online buy now, pay later service’s offerings in the world’s second-largest market. Valar Ventures and IA Ventures led the six-year-old startup’s Series B round. LFH Ventures and some existing investors also participated in the round, said the startup, which has raised […]
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Deals

Slope Takes in First Capital With Visions of Being ‘Stripe for Global B2B Payments’

“Alice Deng and Lawrence Murata were working at artificial intelligence companies when they found inspiration from their respective family’s businesses to create Slope , which enables businesses an easy way to offer buy now, pay later services…Businesses can get approved in seconds and begin offering the installments. At checkout, customers can choose the payment terms […]
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Deals

Coinbase Acquires Crypto Wallet Firm BRD for Undisclosed Amount

“Coinbase, the largest U.S. cryptocurrency exchange, has acquired crypto wallet firm BRD, according to Coinbase, which did not disclose the terms of the deal…Launched in 2014 with a focus on decentralization, security and customer-controlled funds, BRD now has over 10 million global customers, according to a website post from co-founders Adam Traidman and Aaron Voisine. […]
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Deals

Visa Joins NAB, Westpac, Salesforce at Data Start-up Basiq

“Payment giant Visa has made a strategic investment in Basiq – a Sydney-based start-up that captures bank data for fintechs – in a move that points to payments and broader data sources being combined to improve digital services across the economy. Visa joins National Australia Bank and Westpac’s venture capital fund Reinventure Group, and big […]

On The Wires

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Deals

Fundbox Closes $100M Series D Fueled by Record Growth

“Fundbox , the AI-powered financial platform for small businesses, announced it has closed a $100M Series D funding round at a valuation of $1.1 billion. This latest round was led by Healthcare of Ontario Pension Plan (HOOPP), joined by existing investors Allianz X, Khosla Ventures, and The Private Shares Fund, and brought in new investors […]
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Deals

Bolt Acquires Tipser and Launches Remote Checkout

“Bolt , a leading checkout and shopper network company, today announced that it has acquired Tipser, the Swedish-based tech company enabling commerce on any digital surface, to realize their shared vision of enabling shoppers to check out immediately at the point of discovery.”
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Deals

TruePay Raises $32 Million in One of the Largest-Ever Series A Rounds in Brazil

“TruePay, a startup whose innovative payment solution helps small and medium sized retailers have free and secure access to credit, has raised US$32 million in Series A funding led by Addition. This growth stage investment is one of the largest ever made in Brazil. The funds will be used to improve the solution, increase capacity and expand the […]