Payments News

On The Web

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Deals

Japanese payment service provider Paidy raises $43M from ITOCHU

“Paidy , a Japanese fintech startup that allows customers to make online purchases without credit cards, announced today that it has raised a $48 million Series C extension from ITOCHU.  The latest funding will be used to strengthen Paidy’s balance sheet during the COVID-19 pandemic and also support the development of more ‘buy now pay […]
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Deals

Visa backs open banking and compliance platform Railsbank

“Railsbank , the open banking and compliance platform, has picked up further investment, following the company’s $10 million Series A in September 2019. This time backing comes from Visa — a strategic investment, if you will — along with Global Brain, a venture capital firm based in Tokyo, Japan. The exact amount isn’t being disclosed, […]
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Deals

Gojek Acquires Payments Startup Moka for $130 Million

“Indonesia’s ride-hailing and food-delivery giant Gojek has acquired a mobile point-of-sale startup called Moka for about $130 million, according to people familiar with the deal. Jakarta-based Moka, present in more than 100 cities across Indonesia, provides point-of-sale and payments services to owners of more than 35,000 restaurants, coffee shops and retail outlets.”
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Deals

Airwallex gets $160 million Series D to launch more cross-border financial products

“Airwallex , a Melbourne-based cross-border financial startup that achieved “unicorn” status last year, announced today that it has raised a $160 million Series D. Founded in 2015, the company’s financial services include foreign currency accounts that let businesses receive money from around the world. Airwallex’s system uses inter-bank exchanges to trade foreign currencies at a […]
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Deals

Open banking fintech Yapily raises $13M Series A

“Yapily , one of a number of fintech startups that offer an opening banking API to let enterprises, such as financial service providers and merchants, connect to banks, has raised $13 million in Series A funding. Leading the round is Lakestar, which is also a backer of fintech unicorn Revolut. Existing investors HV Holtzbrinck Ventures, […]
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On The Wires

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Deals

Neat, a FinTech Alternative to Banks, Raises USD11M to Fuel International Expansion

“Neat, a Hong Kong-based FinTech company offering modern financial solutions to SMEs and startups, today announced raising a USD11 million Series A funding round. Pacific Century Group (PCG) led the round with participation from Visa, and MassMutual Ventures Southeast Asia, among others.  With the investment, Neat plans to continue its international expansion to support businesses that trade across borders.  Neat’s vision […]
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Companies

CaixaBank and Global Payments Create a Joint Venture With a View to Leading the European Prepaid Services Market

“CaixaBank, the leading retail bank in Spain and, through CaixaBank Payments & Consumer, the market leader in cards and payment solutions, is joining forces with Global Payments, a leading worldwide provider of payment technology and software solutions, to create a new company, through its Netspend business, with the potential to lead the prepaid services sector […]
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Companies

Worldline Reinforces Its E-Commerce Position in Eastern Europe With the Acquisition of GoPay and Drives Its M&A Roadmap Further

“Worldline, the European leader in payment and transaction services, announced today that it has acquired a majority stake in GoPay, an expert player in online payments in Eastern Europe. With this acquisition, Worldline expects GoPay to further reinforce the company’s Merchant Services business and strengthen its Central and Eastern European market position. The announcement forms […]
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Companies

Stripe Newsroom: Stripe Extends Series G Funding Round

“While the full economic impact of COVID-19 remains uncertain, several years of offline-to-online migration are being compressed into several weeks. The current disruption underscores the need for reliable, easy-to-use infrastructure for internet businesses. In this context, Stripe’s mission—to grow the GDP of the internet—means providing an on-ramp to the digital economy for businesses around the […]