Payments News

On The Web

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Deals

Yapily Raises $51 Million for Its Open Banking API by Focusing on Infrastructure

“Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures . The company has been working on a single, unified open banking API for several European markets. Developers can leverage that programming interface to interact with third-party bank accounts directly from their own products…Another difference is that Yapily focuses […]
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Deals

Online Checkout Startup Bolt Valued at $4 Billion

“Bolt, a San Francisco-based startup that offers software for online shopping, is raising $333 million in Series D funding at a post-investment valuation of $4 billion, nearly five times its valuation in December, according to three people familiar with the matter. London-based venture firm Hedosophia is leading the round, said one of the people. Six-year-old […]
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Deals

Capchase Raises $280M to Scale Its Financing Platform for Subscription Businesses

“Almost overnight, platforms that offer non-dilutive capital for recurring revenue businesses have become white-hot. It was only in March that Pipe — which aims to be the “Nasdaq for revenue” — raised $150 million, but two months later had raised $250 million at a $2 billion valuation…The Spanish-American company is also now launching “Capchase Expense […]
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Deals

Colombian On-demand Delivery Startup Rappi Raises ‘over’ $500M at a $5.25B Valuation

“Rappi , a Colombian on-demand delivery startup, has raised “over” $500 million at a $5.25 billion valuation in a Series F round led by T. Rowe Price, the company announced late Friday…According to the Latin American Venture Capital and Private Equity Association (LAVCA), Rappi focused on delivering beverages at first, and has since expanded into […]
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Deals

Razorpay Acquires TERA Finlabs

“Fintech startup Razorpay on Monday said it has acquired TERA Finlabs, a Bengaluru-based startup that provides technology, risk and capital solutions to enable embedded financing solutions for businesses. TERA Finlabs is an Indian subsidiary of UK-based digital lender, GAIN Credit. The company, however, did not disclose the financial details of the transaction.”
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Deals

Serena Williams Invests in Rent-reporting Fintech Esusu

“Serena Williams is investing an undisclosed amount in Esusu , a fintech start-up that allows renters to build and improve credit by reporting their rent payments to credit bureaus. The tennis superstar provided the backing through her venture capital firm, Serena Ventures , as part of the start-up’s first funding round… “Esusu is an excellent […]

On The Wires

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Deals

Dwolla Secures $21 Million to Spearhead the Future of B2B Payments

“Dwolla , a modern payments platform, today announces a $21 million venture round led by Foundry Group to drive innovation for today’s B2B payments. Additional investors include Park West Asset Management LLC , Union Square Ventures , Detroit Venture Partners, Firebrand Ventures and Next Level Ventures. and Jeremy Andrus, the CEO of Traeger, also joined the […]
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Deals

Thunes Acquires Limonetik to Accelerate Rollout of Global Payment Collections

“Cross-border payments leader Thunes today announced the acquisition of Limonetik, a European Payment Methods Platform. This move will complement existing Thunes Cross-Border Payments solutions by enabling businesses to get paid in 70 countries, using over 285 local payment methods such as mobile wallets, payment by instalments (BNPL), QR code payments and more. The solution will […]
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Deals

InComm Payments Invests in Instant Financial, Establishes Strategic Partnership Supporting Earned Wage Access | InComm

“InComm Payments , a leading payments technology company, today announced that it has made an undisclosed investment in Instant Financial , a leading provider of fee-free earned wage access (EWA) solutions. Established in 2015, Instant is a financial wellness company that helps employees bridge the gap between workday and payday by allowing them to access […]
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Deals

Bill.com to Acquire Invoice2go, a Leader in Accounts Receivable Software for Small Businesses

“Bill.com (NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today it has signed a definitive agreement to acquire Invoice2go in a stock and cash transaction valued at approximately $625 million. Invoice2go is a leading, mobile-first accounts receivable (AR) software provider […]