Payments News

On The Web

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Deals

Bill.com Is Set To Acquire Utah Billion-Dollar Software Startup Divvy

“Terms of the acquisition were not yet known, but a third source told Forbes that Bill.com had approached Divvy in the past with an offer of more than $2 billion, suggesting the company would expect at least that price, if not more.  Divvy didn’t respond to multiple requests for comment; Bill.com declined to comment. On Tuesday prior […]
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Deals

Payments Startup DLocal Said to Confidentially File for IPO

“DLocal , a payments startup, has confidentially filed for a U.S. initial public offering, according to people with knowledge of the matter. The Montevideo, Uruguay-based company is working with banks including JPMorgan Chase & Co. on a listing that could occur as soon as this year, one of the people said. Timing hasn’t been finalized […]
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Deals

Fintech Unicorn Marqeta Might Conduct IPO As Early As Next Month: Report

“Fintech Unicorn Marqeta is reportedly planning to conduct an initial public offering (IPO) later this year, according to a report from BI. Oakland-based payments processor Marqeta is valued at around $4.3 billion. The company provides debit cards to firms such as DoorDash and Instacart. Marqeta also offers services to major banking institutions like Goldman Sachs.”
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Deals

Payments Firm Flywire Makes U.S. IPO Filing Public

“Payments firm Flywire Corp on Monday made its paperwork for a U.S. listing public and revealed a 38% surge in revenue in the latest quarter as it benefits from strong remote working trends due to the COVID-19 pandemic. Flywire had confidentially filed to go public in March and could seek a valuation as high as […]
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Deals

Paxos Raises $300 Million to Build a Cryptocurrency Infrastructure Giant

“Paxos has raised a $300 million Series D funding round led by Oak HC/FT. With today’s funding the round, the company is now valued at $2.4 billion. The company has been building infrastructure and white-label services for enterprise clients that want to offer cryptocurrency products to their own customers. In particular, Paxos has partnered with […]
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On The Wires

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Deals

Boost Payment Solutions Raises a $22 Million Series C Round Led by Invictus Growth Partners to Accelerate the Use and Acceptance of Digitized B2B Payments Globally

“Boost Payment Solutions (“Boost”), the leader in B2B payments optimization, which has processed over $10 billion in card payments for over 15,000 enterprises across five continents, today announced the closing of a $22 million Series C funding round led by Invictus Growth Partners (“Invictus”)…As the only FinTech acquirer focused exclusively on the B2B market, Boost […]
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Deals

Global Payments to Acquire Zego, a Leading Provider of Real Estate Software and Payments Solutions

“Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today an agreement to acquire Zego from Vista Equity Partners. Zego provides resident experience management software and digital commerce solutions to property managers primarily in the United States. The transaction extends Global Payments’ leadership in software into the real […]
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