Payments News
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Deals

ShopBack, a Cashback Startup in Asia Pacific, Raises $45M From Rakuten and Others

“Founded in 2014, the startup had been relatively under-the-radar until late 2017 when it announced a $25 million investment that funded expansion into Australia among other things. Now, it is doubling down with this deal which sees participation from another new backer, EDBI, the corporate investment arm of Singapore’s Economic Development Board. Shopback has now […]

On The Web

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Deals

Personio Acquires Spanish Payroll Startup Rollbox

“Just three months after raising $40 million in a Series B fundin g, German HR and recruiting platform Personio is announcing that it has acquired Rollbox , the Spanish startup that offers an API-based payroll solution. The two companies had already been working together but now Personio is bringing Rollbox’s tech and team in-house.”
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Deals

Branch International Raises $170M Series C Financing, Led by Foundation Capital and Visa

“Branch , the most downloaded finance app in Africa, announced a new global partnership and investment from Visa (NYSE: V). The two companies share a vision of bringing financial access to billions of people still unreached by banks. Visa’s investment in Branch will help expand financial access across the African continent, while fueling new expansion […]
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Deals

Buckzy Payments Secures $1.75 Million CAD for Cross-border Payments Solution

“Buckzy Payments Inc. , a FinTech based in Toronto that launched its platform last week, announced it has closed a $1.75 million CAD seed round led by Ottawa-based Mistral Venture Partners, as well as New York-based Revel Partners. The company said the new funds will be used to scale Buckzy’s real-time global payments network.”
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Deals

Naspers-owned PayU Doubles Down on India With $70M Deal to Buy Wibmo

“PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has acquired Wibmo, a startup based out of the U.S. (Cupertino, to be exact) that mostly operates in India. PayU is paying $70 million for the […]
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Deals

Brex, the Credit Card for Startups, Raises $100M Debt Round

“The company, which provides a corporate credit card designed specifically for startups, has previously raised $215 million in equity funding at a $1.1 billion valuation in the less than two years since it graduated from the Y Combinator startup accelerator. Debt, Brex chief executive officer Henrique Dubugras tells TechCrunch, will power the company’s next phase […]
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Deals

Just Eat Acquires IPad POS System Practi in Attempt to Lock-in Restaurants

“Just Eat — the marketplace for online food delivery which IPO’d but which is now under increasing pressure from several avenues, not least Uber and Deliveroo — has decided to add to its ‘quiver of arrows’ by acquiring Practi , a software service that provides independent restaurants and small chains with tablet-based Point of Sale […]
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Deals

Publicis Surges as $4.4 Billion Epsilon Deal Deepens Data Push

“Publicis Groupe SA made its boldest move yet into digital marketing with the French advertising group’s $4.4 billion purchase of Alliance Data Systems Corp. ’s Epsilon unit. The shares rose the most intraday in six months.    The owner of agencies Saatchi & Saatchi and Leo Burnett Worldwide is betting Epsilon’s trove of consumer data […]
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On The Wires

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Deals

Elavon and Societe Generale Partner for Pan-European Payment Services

“Societe Generale’s business clients will now have access to Elavon’s cross-border payment capabilities in the United Kingdom, Austria, Belgium, Germany, Italy, Netherlands, Spain and Switzerland. This will complement Societe Generale’s established payments infrastructure (face-to-face and e-commerce) in France. Elavon’s payments services include accepting electronic payments from payment cards, digital wallets, alternative payment methods and real-time […]