Payments News

On The Web

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Deals

Uruguayan Payments Company dLocal Valued at $1.2 Billion in General Atlantic-Led Deal

“Payments company dLocal Group Ltd. became one of Latin America’s best funded venture-backed companies through a new deal that valued the business at $1.2 billion. Montevideo, Uruguay-based dLocal, which helps international companies process payments in emerging markets, raised $200 million in a growth-equity financing round led by General Atlantic, with Lee Fixel’s firm Addition participating.”
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Deals

Nexi, SIA Close to Clearing Hurdle to Blockbuster Merger

“Italy’s Nexi SpA and SIA SpA are close to clearing a major hurdle to a potential merger that would create one of Europe’s biggest payments providers, people familiar with the matter said.    SIA is finalizing an accord to keep Italian lender UniCredit SpA as one of its main clients, a key sticking point in […]
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On The Wires

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Deals

FLEETCOR to Acquire AFEX, a Leading Cross-Border Payments Provider

“FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has signed a definitive agreement to acquire Associated Foreign Exchange (AFEX), a cross-border payment solutions provider. By acquiring AFEX, FLEETCOR will build upon its corporate payments line of business and strengthen its position as one of the largest business payments companies in […]
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Deals

Affirm Raises $500M Series G Round

“Affirm, a more flexible and transparent alternative to credit cards, today announced a $500 million series G round of funding…The company is also introducing an interest-free biweekly payment product for transactions as low as $50. As with Affirm’s existing monthly payment options, consumers will never be charged late or hidden fees when using this new […]
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Deals

Veem Secures $31M in Strategic Funding Round Led by Truist Ventures

“Veem , the fast-growing global payments network built for businesses, today announced the closing of a $31M capital raise, led by Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC) — the 6th largest commercial bank in the U.S. This investment will go towards the development of a robust channel partner […]
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Deals

Mollie Raises 90 Million Euro in TCV-led Series B Funding

“Launched in 2004, Mollie is one of the largest PSPs in Europe, serving nearly 100,000 merchants across the continent, expecting to process well over 10 billion Euro transaction volume this year and doubling year-on-year. In the last year in Germany alone, processing volumes grew by 1000%. This growth has been driven by Mollie’s differentiated approach […]
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Deals

Thunes Raises $60 M in Series B Funding to Accelerate Global Growth

“Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off. The latest Series B funding round sees Africa-focused Helios Investment Partners leading the US$60 million investment in the Singapore-based company. Additional investors include Checkout.com as well as existing investors GGV Capital and Future Shape.”