Payments News

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Deals

Wirecard Buys Majority Stake in Allscore to Enter Chinese Payments Market

“Wirecard, the Germany-based digital payments platform, announced an agreement to buy a majority stake in Bejing-based Allscore Payments Services for up to 72.4 million euros ($80.3 million), a move that will allow it to expand its payments platform through cross-border licenses.  Allscore, founded in 2007, is led by founder and CEO Yao Lin and Shanghai […]
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Deals

Goldman Sachs Leads $50M Round for Credit Card Platform Deserve

“Deserve, a credit card startup helping young people establish themselves, as well as a cloud-based credit card platform for businesses, has raised $50 million in a new round of Series C funding led by Goldman Sachs, the company announced today. The funds will be put toward Deserve’s further development of what it calls its “Card […]
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Deals

PalmPay Launches in Nigeria on $40M Round Led by China’s Transsion

“Africa-focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed round led by Chinese mobile-phone maker Transsion . The investment came via Transsion’s Tecno subsidiary, with participation from China’s NetEase and wireless comms hardware firm Mediatek — a Transsion spokesperson confirmed to TechCrunch. PalmPay had piloted its mobile fintech offering in Nigeria […]
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Deals

FreshBooks Launches Same-day Turnaround on Payments Through Chase’s WePay

“FreshBooks announced that it will be able to turn around payments within 24 hours for U.S.-based customers that have a Chase bank account.  FreshBooks Payments will be able to reduce the turnaround time for customers using Chase to same-day payments, subject to daily bank cutoff times, in comparison to the usual 2-5 day turnaround time, […]
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Deals

Stealth Fintech Startup Digits Raises $10.5 Million Series A From Benchmark and Others

““As builders, there is nothing more exciting than cracking the next engineering puzzle; than perfecting the next design; than delivering the next capability to customers. And there is nothing more mind-numbing than the paperwork, and spreadsheets, and financial reports, and inscrutable transaction records that are all required to actually operate the business,” a Digits blog […]
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Deals

Nigeria’s Interswitch Confirms $1B Valuation After Visa Investment

“Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm. “The investment makes Interswitch one of the most valuable African fintech businesses with a valuation of $1 billion,” Interswitch said in a release to TechCrunch. The Visa investment could create the first of […]
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Deals

Snapdocs Raises $25 Million to Streamline Mortgages With AI

“In a nutshell, Snapdoc’s toolset aims to cut down on manual mortgage processes by digitizing wherever possible. It automates scheduling for signings and manages payments to the tune of over $4 million per month, all while centralizing key information like order history, signer, and notary documents in a single portal. Signing agents can create white-labeled […]

On The Wires

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Deals

Global Fintech Leaders Join Forces Behind Pollinate Platform

“Pollinate, the business behind Tyl by NatWest, has launched with a growth capital investment round from a consortium of global industry leaders. Mastercard, Motive Partners and EFM Asset Management (EFM) will join RBS as both investors in, and partners to, the Pollinate business, which has raised a total of £60 million in funding to date.”
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Deals

Riskified Announces $165 Million Series E Funding Round Led by General Atlantic

“Riskified, the payments and fraud-prevention solutions provider, announced today its Series E funding round of $165 million, led by global growth investor General Atlantic, at a valuation of more than $1 billion. The proceeds will be primarily used by Riskified to more rapidly scale its business domestically and internationally and to expand its product footprint. […]