Payments News

On The Web

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Companies

Visa-Backed Marqeta Targets $10 Billion Valuation in 2021 IPO

“Marqeta, a payments startup backed by Goldman Sachs Group Inc. and Visa Inc., hired underwriters for a planned 2021 initial public offering, according to people with knowledge of the matter. The Oakland, California-based company is working with Goldman and JPMorgan Chase & Co. on the listing, said the people, who asked not to be identified […]
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Deals

YC-backed Cashfree raises $35.3 million for its payments platform

“Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 million in a new financing round as the profitable firm looks to broaden its offering… Cashfree kickstarted its journey in 2015 as a solution for restaurants in Bangalore that needed an efficient way for their delivery personnel to collect […]
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Deals

Current Joins Mobile-Banking Boom With $131 Million Tiger Global-Led Round

“Investors are pumping money into mobile-banking startups as more consumers open digital accounts—and New York-based startup Current is the latest beneficiary of this trend. The startup, which offers free mobile banking accounts in the U.S. and is incorporated as Finco Services Inc., raised $131 million in a Series C funding round led by Tiger Global […]
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Deals

African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

“African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos…he company offers mobile-based, no fee, P2P payment services in seven countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. Parallel […]

On The Wires

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Companies

Cash App Announces Definitive Agreement to Acquire Credit Karma Tax

“Square, Inc. (NYSE: SQ) has entered into a definitive agreement with Credit Karma to acquire its tax business, Credit Karma Tax, on behalf of Cash App, the financial services app that allows individuals to spend, send, store and invest money. Square will pay $50 million in cash for Credit Karma Tax, which provides a free, […]
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Deals

Nasdaq to Acquire Verafin, Creating a Global Leader in the Fight Against Financial Crime

“Nasdaq, Inc. (Nasdaq: NDAQ), a global technology company, and Verafin , an industry pioneer in anti-financial crime management solutions, today announced that they have entered into a definitive agreement for Nasdaq to acquire Verafin for US$2.75 billion in cash, subject to customary adjustments. The agreement will combine Verafin’s comprehensive suite of anti-financial crime management products with Nasdaq’s reach and […]