Payments News

On The Web

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Deals

Gravy Raises $4.5M for Its Service That Helps Subscription Businesses Recover Failed Payments

“Gravy , a startup helping subscription-based businesses recover failed payments, has raised $4.5 million in Series A funding for its specialized combination of technology and a human workspace that works to reacquire customers lost to what’s known as “involuntary churn.” That means the customer didn’t choose to end their subscription, but — for any one […]
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Deals

SeedFi Closes on $65M to Help Financially Struggling Americans Get Ahead

“Millions of Americans live paycheck to paycheck, and struggle to get out of a debt cycle. One startup is developing financial products targeted toward this segment of the population, with the goal of helping them build credit, save money, access funds and plan for the future. That startup, SeedFi , announced Wednesday it has raised […]
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Deals

Zolve Raises $15 Million for Its Cross-border Neobank Aimed at Global Citizens

“Tens of thousands of students and professionals move out of India each year to pursue higher education and for work. Even after spending months in a new country, they struggle to get a credit card from local banks, and end up paying a premium to access a range of other financial services. Banks in the […]
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Deals

U.S. Payments Startup Marqeta Files With Regulators for IPO – Source

“U.S. payment card issuing start-up Marqeta Inc on Tuesday filed confidentially with the U.S. Securities and Exchange Commision for a proposed initial public offering (IPO), according to a person familiar with the matter. Marqeta will now await feedback from the SEC on its filing and hopes to complete its IPO as early as April, the […]
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Deals

Pakistani Fintech Safepay Raises Seed Funding From Stripe, Others

“Karachi-headquartered fintech Safepay has raised seed funding from global financial technology platform company Stripe. The startup did not share the exact size of the deal but has told us that it’s a seven-figure (USD) amount alongside participation of other local and international investors.”
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Deals

Sweden-based Digital Bank Northmill Raises $30M

“Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli.”

On The Wires

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Deals

MoneyLion, America’s Leading Digital Financial Platform, to Become Publicly Traded Via Merger With Fusion Acquisition Corp. (NYSE: FUSE)

“MoneyLion Inc. (“MoneyLion”), America’s leading digital financial platform, and Fusion Acquisition Corp. (NYSE: FUSE) (“Fusion”) have entered into a definitive agreement which would result in MoneyLion becoming a publicly listed company.  MoneyLion uses the power of technology to empower hard-working Americans to take control of their finances and achieve their life goals.”
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Deals

NYMBUS Raises $53 Million in Series C Funding Led By Insight Partners

“NYMBUS® , a leading provider of banking technology solutions, today announced a $53 million financing round led by existing investor Insight Partners – notable for backing ScaleUp SaaS companies with capital and operational support. Nymbus will leverage the latest funds to empower financial institutions with expanded access to its unique GROW model which creates new […]