Payments News

On The Web

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Deals

Stripe and Precursor Lead $4.5m Seed Into Media CRM Startup Pico

“That transition from ad revenue to subscription means that the infrastructure undergirding these companies needs to be completely ripped out and replaced with new solutions designed to solve a whole new set of problems — and opportunities. Enter Pico . The company, the brainchild of childhood friends and Stanford grads Nick Chen and Jason Bade, […]
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Deals

PhonePe Seeks $8 Billion Value With $1 Billion Fundraise

“After Flipkart’s board gave approval to hive off PhonePe, paving the way for a solo fund-raise, the payments platform is in talks to raise about $1 billion from marquee investors like China’s Tencent and Tiger Global, three people aware of the development said.”
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Deals

Teen Banking Fintech Pixpay Raises €3.1m Launch Funding

“French start-up Pixpay has raised €3.1 million to launch a European digitised banking solution for ten to 18-year-olds, Jane Connolly writes.  More than just an ATM card EU Start-ups reports that the round, led by Global Founders Capital , will enable Pixpay to offer the 30-million strong European teen market a modern banking option that is more than […]
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Deals

London Fintech Yapily Raises $5.4M to Offer a Single API to Connect to Banks

“Yapily , a London fintech startup that offers an Open Banking-based API platform to enable financial services providers and other types of enterprises, such as merchants, to connect to banks, has raised $5.4 million in seed funding. Leading the round is HV Holtzbrinck Ventures and LocalGlobe. Investors also include Taavet Hinrikus (TransferWise Chairman and co-founder), […]
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Deals

PayPal Backs Swedish Financial Tech Startup Tink

“PayPal Holdings Inc has invested 10 million euros ($11.2 million) in Tink, a Swedish company that enables banks and financial technology startups to access financial data more easily, the companies said on Tuesday.  The San Jose, California-based payments company will use Tink’s technology to allow customers to connect their bank accounts to their PayPal accounts, […]
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Deals

Swedbank Partners With Kaching Retail to Develop Mobile Payments

“Swedbank has invested in and started a commercial collaboration with mobile payments solutions developer Kaching Retail, reports Jane Connolly. “Even more flexible and efficient” As well as being a key investor in the Stockholm-based fintech’s financing round, Swedbank will work with Kaching Retail to develop mobile solutions that support the digitisation of sales processes.”

On The Wires

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Deals

Global Payments and TSYS Combine to Form Leading Pure Play Payments Technology Company

“The transaction creates the premier payments technology company at scale in the largest and most attractive financial technology markets worldwide. Combined, Global Payments and TSYS will provide cutting edge payments and software solutions to approximately 3.5 million predominantly small to mid-sized (SMB) merchant locations and more than 1,300 financial institutions across more than 100 countries. […]