Payments News

On The Web

nbsp;

Companies

Jack Dorsey’s Square Invests $18 Million in Italy’s App Satispay

“Square Inc. , the payments company run by Jack Dorsey, is among new big investors in Italy’s mobile digital payment platform Satispay SpA , in a move aimed to expand its operations across European markets, according to a statement by Satispay. The San Francisco-based company invested about 15 million euros ($18 million) for a minority […]
nbsp;

Deals

Wirecard’s tech assets and platform bought by Banco Santander

“Wirecard’s WDIG.DE insolvency administrator Michael Jaffe on Monday said the payment system provider’s technology platform had been sold to Spain’s Banco Santander SAN.MC …In a separate statement, Banco Santander said it had agreed to acquire several highly specialised technological assets from the merchant payments business of Wirecard in Europe, to accelerate its growth plans in […]
nbsp;

Deals

Nexi Buys Nets in $9.2 Billion Deal to Create Payment Giant

“Italian payments processor Nexi SpA agreed to buy private equity-owned rival Nets A/S , creating the Europe’s biggest payments firm by volume in a quickly consolidating industry…The transaction, finalized just a month after Nexi purchased another competitor, adds to a wave of consolidation sweeping the continent’s financial services industry, and will extend the Italian company’s […]
nbsp;

Deals

PNC Financial Services to Buy U.S. Arm of Spain’s BBVA for $11.6 Billion

“PNC Financial Services Group Inc. agreed to buy the U.S. arm of Spain’s BBVA for $11.6 billion, the companies said Monday, in one of the largest bank tie-ups since the financial crisis. A deal would create the fifth-largest U.S. retail bank with more than $550 billion in assets, a giant in an industry that has […]
nbsp;

Deals

Grab leads series B round of up to $100m in Indonesian fintech LinkAja

“Indonesia’s fintech app LinkAja announced that it has raised up to US$100 million in a series B round led by Southeast Asian super app Grab…Commencing its commercial operations in June last year, LinkAja provides e-payment services to the middle-class segment and to micro, small, and medium enterprises (MSMEs) in Indonesia.”
nbsp;

On The Wires

nbsp;

Companies

Modulr receives investment from PayPal Ventures

“Modulr, a leading Payments as a Service API platform, has secured a £9 million investment from PayPal Ventures to develop additional products, grow its team and expand its customer base.   Modulr enables digital businesses and software platforms across lending, banking, fintech, travel, employment services and accounting to easily embed and build new payment products and services within their customer […]
nbsp;

Deals

MissionOG and Mastercard Lead Infinicept’s Latest Funding Round to Help Software Companies Get Embedded Payments Going Their Way

“Infinicept today announced a new funding round led by Mastercard and MissionOG, which will help the company accelerate growth and adoption for its flexible payments infrastructure platform. Infinicept has more than 250 software, banking and fintech customers in 25 countries, and yearly payments volume has increased 800 percent as more companies embed payment services to […]
nbsp; nbsp;

Deals

AppBrilliance Secures Over $3 Million in Seed Funding To Disrupt the $4 Trillion Payment Processing Industry with Non-Custodial Technology for True Open Payments and Banking

“AppBrilliance , an Austin-based payments technology startup, today announced it has closed over $3 million in seed financing as it lays the foundation for true open payments and open banking technology for US businesses. AppBrilliance’s technology for open payments and banking liberates businesses from having to rely solely on traditional payment processors for taking payments.”