Payments News

On The Web

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Deals

Teller raises $4M to take on Plaid in the US by providing API access to bank accounts

““They’re idiots, they’re really naive,” is how Stevie Graham, the co-founder of fintech Teller , once described Open Banking Limited, the body charged with delivering open banking in the U.K. His view back in 2017 — which now looks somewhat prophetic — was that open banking wouldn’t be the competition driver it was hyped up […]
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Deals

Visa Just Backed a Payments Start-up That Powers Popular Fintech Apps Like Monzo and Revolut

“Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, has raised $80 million in a funding round backed by Visa . Based in the U.K., Currencycloud sells payment software for banks and fintech firms to process their international transactions. Though not as well-known as consumer-focused peers like Monzo and […]
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Deals

Swedish Tech Start-Up Bambuser Gears Up to Expand Livestream Shopping

“Swedish tech startup Bambuser is looking to raise 100 million crowns ($10.5 million) via a rights issue to fund an expansion of its live video shopping technology, as the novel way of purchasing finds its way to the West. In China, live video shopping – the convergence of e-commerce and livestreaming – boomed last year.”
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Deals

Adyen Signs Exclusive Payments Deal With Subway in North America

“Adyen announced a deal to become the exclusive in-store and online payments platform for Subway in North America.  Adyen will provide automated onboarding for franchisees and support for preferred payment methods, including mobile wallet, loyalty rewards, in-app payments, POS terminals, gift cards and other methods.”
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Deals

Payments infra startup Finix closes $35M Series B led by Sequoia

“This morning Finix , a software-as-a-service (SaaS) startup selling payments tech to other businesses, announced that it has raised a $35 million Series B. Sequoia led the round, which also saw participation from new investors Activant Capital and Inspired Capital.”
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Deals

Earthport FX Gets Sold to Currency Holdings Limited

“Following completion of the transaction, Visa and Earthport have made the decision to sell Earthport’s FX subsidiary – Earthport FX Limited, in order to accelerate the growth of Earthport’s wider core payment business. Visa says it believes that the Earthport FX business will be better positioned as a core part of the new owner’s organisation.”
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Deals

Worldline Strikes $8.6 Billion Deal to Create European Payments Giant

“Fintech company Worldline SA agreed Monday to acquire rival Ingenico Group SA ING +13.12% for €7.8 billion ($8.6 billion), the biggest global deal of the year so far, creating a giant in the fast-consolidating European payments sector. The all-French deal comes as consumers are using their mobile phones and payment cards more to make purchases and […]
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Deals

Barclays Takes a Minority Stake in Digital Receipts Startup Flux

“Flux, which is an alumnus of Barclays’ London-based fintech accelerator — Rise — and was launched in 2017, integrates with mobile banking apps, allowing it to show digital receipts in the apps whenever a consumer pays with their bank credit or debit card at partnering merchants.”

On The Wires

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Deals

WEX Signs Definitive Agreement to Acquire ENett and Optal

“WEX (NYSE: WEX), a leading financial technology service provider, today announced that it has entered into a definitive agreement to purchase eNett, a leading provider of B2B payments solutions to the travel industry and Optal, a company that specializes in optimizing B2B transactions, for a total consideration of approximately $1.7 billion, including approximately $1.275 billion […]