Payments News

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Spendesk Raises $38.4 Million for Its Corporate Card and Expense Service

“Spendesk is an all-in-one corporate expense and spend management service. It lets you track expenses across your company, empower your employees with a clear approval process and simplify your bookkeeping. The service essentially works like Revolut or N26, but for corporate needs. After you sign up, you get your own Spendesk account with an IBAN. […]
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Deals

Grab Investing $150M to Create ‘Super App’

“Grab Holdings Inc. plans to spend about $150 million on artificial intelligence and to hire additional engineers to help create a regional “super app” that will boost its food delivery, payments and digital content businesses, according to Bloomberg .  Grab co-founder Tan Hooi Ling told Bloomberg TV that the company is working with Microsoft Corp. […]
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Deals

BigID Announces $50M Series C Investment As Privacy Takes Center Stage

“It turns out GDPR was just the tip of the privacy iceberg. With California’s privacy law coming on line January 1st and dozens more in various stages of development, it’s clear that governments are taking privacy seriously, which means companies have to as well. New York-startup BigID , which has been developing a privacy platform […]
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Deals

Pento Raises $2.8M Seed Round for Its Payroll SaaS

“Pento , a Danish startup working on a better payroll experience for companies and employees, has raised $2.8 million in seed funding. Leading the round is Point Nine Capital and Seedcamp , with participation from a number of smaller funds and angel investors, including departing Atomico Partner Mattias Ljungman. The company had previously raised $700,000 […]
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Deals

These Brothers Just Raised $15 Million for Their Startup, Dutchie, a Kind of Shopify for Cannabis Dispensaries

“Ross Lipson comes from an entrepreneurial family, so perhaps it’s no wonder that as a college student, he dropped out of school to jump into the online food space, including co-founding, then selling , one of Canada’s first online food ordering service startups. It’s even less surprising that having gone through that experience, Lipson would […]
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Deals

Plaid Announces Strategic Investment From Mastercard and Visa

“When Plaid announced its $250 million Series C investment last year, it left out a couple of key investors. Today it revealed that Mastercard and Visa quietly participated in the round. For a company like Plaid, which builds APIs to enable customers to access their bank accounts inside applications in a seamless way, having the […]
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Deals

Max Levchin’s Affirm Seeks Capital Amid Surge in Fintech Funding

“Another consumer finance business is lining up investors for its largest cash infusion yet. Affirm , founded by PayPal’s Max Levchin, is said to be raising as much as $1.5 billion in a combination of debt and equity, according to people with knowledge of the company’s fundraising activities. Josh Kushner’s New York venture capital firm […]
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Deals

FairMoney Raises $11 Million for Its Challenger Bank for Emerging Markets

Fintech startup FairMoney is building a challenger bank in Nigeria. The company first started offering microcredit and now plans to expand to current accounts and savings. FairMoney  just raised an $11 million Series A round (€10 million) led by Flourish, DST Global partners and existing partners Newfund, Speedinvest and Le Studio VC.

On The Wires

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