Payments News

On The Web

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Deals

Nordic challenger bank Lunar adds €20M to its Series B

“Lunar , the Nordic challenger bank that started out life as a personal finance manager app (PFM) but since acquired a full banking license last year, has extended it Series B round with an additional €20 million in funding. It brings the Series B total to €46 million, having disclosed €26 million in August last […]
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Deals

EVO Payments Gets Liquidity Injection To Help It Cope With Covid-19’s Effects

“Merchant acquirer EVO Payments Inc. disclosed Sunday that it had received a $150 million investment from a private-equity firm to help carry it through the Covid-19, or coronavirus, pandemic, which has decimated consumer spending. The investment came from funds affiliated with Chicago-based Madison Dearborn Partners LLC, which has been a major investor in EVO Payments […]
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Deals

HMBradley Officially Launches Digital Bank

“HMBradley, a startup backed by PayPal Co-Founder Max Levchin, has officially launched its high yield digital banking platform after raising $3.5 million in November and signing thousands of applicants to a wait list.  The digital banking service, which offers up to 3% APY, is now allowing waitlisted customers to officially open their bank accounts and […]
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Deals

Plastiq raises $75M to help small businesses use credit cards more

“To use Plastiq, users enter their credit card information on Plastiq’s platform. In return, Plastiq will charge you a 2.5% fee and get your bills paid. While Plastiq was started with consumers in mind, SMBs have now accounted for 90% of the revenue, according to Buchanan. The new financing round will invest in building out […]
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Deals

Open banking fintech Yapily raises $13M Series A

“Yapily , one of a number of fintech startups that offer an opening banking API to let enterprises, such as financial service providers and merchants, connect to banks, has raised $13 million in Series A funding. Leading the round is Lakestar, which is also a backer of fintech unicorn Revolut. Existing investors HV Holtzbrinck Ventures, […]
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Deals

Visa backs open banking and compliance platform Railsbank

“Railsbank , the open banking and compliance platform, has picked up further investment, following the company’s $10 million Series A in September 2019. This time backing comes from Visa — a strategic investment, if you will — along with Global Brain, a venture capital firm based in Tokyo, Japan. The exact amount isn’t being disclosed, […]
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Deals

Japanese payment service provider Paidy raises $43M from ITOCHU

“Paidy , a Japanese fintech startup that allows customers to make online purchases without credit cards, announced today that it has raised a $48 million Series C extension from ITOCHU.  The latest funding will be used to strengthen Paidy’s balance sheet during the COVID-19 pandemic and also support the development of more ‘buy now pay […]

On The Wires

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Deals

Neat, a FinTech Alternative to Banks, Raises USD11M to Fuel International Expansion

“Neat, a Hong Kong-based FinTech company offering modern financial solutions to SMEs and startups, today announced raising a USD11 million Series A funding round. Pacific Century Group (PCG) led the round with participation from Visa, and MassMutual Ventures Southeast Asia, among others.  With the investment, Neat plans to continue its international expansion to support businesses that trade across borders.  Neat’s vision […]