Payments News

On The Web

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Deals

PayPal to Acquire Shopping and Rewards Platform Honey for $4B

“PayPal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant a foothold earlier in the customer’s shopping journey. Instead of only competing on the checkout page […]
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Deals

Perfios Raises $50M From Warburg Pincus and Bessemer – ETtech

“Bengaluru-based fintech software company Perfios has raised close to $50 million in its Series B round from a clutch of private equity investors, led by Warburg Pincus and Bessemer venture Partners . The mix of primary and secondary capital also has given an exit to a few of its angel investors.Founded by V R Govindarajan […]
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Deals

BlueVine Raises $102.5M More for Banking Services That Target Small Businesses

“When it comes to fintech plays, small and medium businesses are not often the target audience: they’re too small and fragmented compared to big-spending corporates; and they’re too demanding compared to mass-market consumer users. But as a sector, they account for over 99% of all businesses in developed countries like the UK and USA , and […]
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Deals

India’s Paytm Secures $1 Billion Investment From SoftBank, Ant Financial

“The investment values the parent company, One97 Communications Ltd., at $16 billion, according to a person familiar with the matter, making it one of Asia’s most valuable startups. The Noida, India-based company makes a smartphone app that allows users to pay for goods and services such as groceries, auto rickshaw rides, movie tickets and electricity […]
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Deals

Ant Financial to Raise a $1 Billion Startup Investment Fund

“Billionaire Jack Ma’s Ant Financial is planning to raise about $1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said.”
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Deals

Southeast Asia Payments Startup Raises $52 Million for Expansion

“Southeast Asian payments platform 2C2P Pte , which helps airlines, travel companies and online shopping malls handle payments from customers in the region, has raised $52 million from investors including the World Bank’s International Finance Corp., Cento Ventures and Arbor Ventures to fund expansion.”
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On The Wires

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Deals

Ripple Makes Investment in MoneyGram Equity to Complete Original Investment Commitment, Expansion of On-Demand Liquidity Accelerated

“MoneyGram (NASDAQ: MGI ), a global provider of innovative money transfer services, today announced that Ripple , a provider of leading enterprise blockchain solutions for global payments, has made the final $20 million investment in MoneyGram equity pursuant to Ripple’s original $50 million equity investment commitment made earlier this year.  Ripple purchased the newly-issued equity from MoneyGram at $4.10 per share, which represents […]