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Mobility Capital Finance Inc. Receives Capital Investment From Mastercard

February 26 2021

“The inequities in today’s financial system have left many Americans without access to affordable services, instead relying on payday lending, expensive cash checking services and remittance fees. Mobility Capital Finance (MoCaFi ), a financial technology, mobile-first banking platform, and Mastercard are partnering to bring alternate financial services to underserved communities with a specific focus on […]

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Stitch Emerges From Stealth With $4M for Its API Fintech Play in Africa

February 26 2021

> TechCrunch

“Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. With its API, developers can connect apps to financial accounts. This allows users to share their transaction history and balances, confirm their identities and initiate payments. We’ve seen a wave of API-led financial services companies proliferating around the globe. […]

Deals

Anchorage Set for Growth Following $80M Fundraise

February 25 2021

> Cointelegraph

“Last month, digital asset entity Anchorage received a bank charter from the United States Office of the Comptroller of the Currency, or OCC. This month, the outfit has added $80 million in funds.  “Today, we are pleased to announce that Anchorage has raised an $80 million Series C, led by GIC, Singapore’s sovereign wealth fund, […]

Deals

Coinbase Reveals $1.2 Billion Revenue in Plans to Go Public

February 25 2021

> The Verge

“Coinbase has publicly filed paperwork to list its stock on the NASDAQ exchange, a huge step forward in the first major public offering for a cryptocurrency company. Coinbase’s S-1 was published on Thursday morning, after being confidentially submitted to the SEC in December. In an attached letter to investors, founder Brian Armstrong presented cryptocurrency as […]

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New Finablr Owners in Merger Talks With Bahraini Payments Firm

February 24 2021

> Bloomberg

“The UAE-Israeli consortium that acquired UAE Exchange is in merger talks with Bahrain’s BFC Group Holdings to create a Middle Eastern remittances and currency firm with more than 24 million customers in 30 countries. Prism Group AG and Abu Dhabi’s Royal Strategic Partners teamed up in December to buy the assets of Finablr Plc , […]

Deals

NMI Acquires USAePay to Expand Omnichannel Payment Offering

February 24 2021

“NMI , a leading global payments enablement technology company, today announced it has acquired USAePay , a payment solutions company. Bringing together the NMI and USAePay solution sets allows the combined entity to better serve its joint partners and the market by expanding NMI’s technical capabilities, offering more choice and further establishing its leadership in […]

Deals

Exclusive: Klarna May Opt for Direct Listing As Private Funding Looms

February 23 2021

> Reuters

“Swedish payments firm Klarna may list on the stock market without raising money by selling new shares, its CEO told Reuters, as banking sources said the company was close to securing more private funding. The “buy now, pay later” firm completed a $650 million funding round in September from a group of investors led by […]

Deals

WSJ News Exclusive | Restaurant-Software Provider Toast Prepares for IPO

February 22 2021

> Wall Street Journal

“Toast Inc. is planning an initial public offering that could value the restaurant-software provider at around $20 billion, people familiar with the matter said. Toast tapped Goldman Sachs Group Inc. and JPMorgan Chase & Co. to underwrite a possible listing later this year, these people said. It could also consider other options including a sale […]

Deals

Gravy Raises $4.5M for Its Service That Helps Subscription Businesses Recover Failed Payments

February 18 2021

> TechCrunch

“Gravy , a startup helping subscription-based businesses recover failed payments, has raised $4.5 million in Series A funding for its specialized combination of technology and a human workspace that works to reacquire customers lost to what’s known as “involuntary churn.” That means the customer didn’t choose to end their subscription, but — for any one […]

Deals

SeedFi Closes on $65M to Help Financially Struggling Americans Get Ahead

February 17 2021

> TechCrunch

“Millions of Americans live paycheck to paycheck, and struggle to get out of a debt cycle. One startup is developing financial products targeted toward this segment of the population, with the goal of helping them build credit, save money, access funds and plan for the future. That startup, SeedFi , announced Wednesday it has raised […]

Deals

Zolve Raises $15 Million for Its Cross-border Neobank Aimed at Global Citizens

February 17 2021

> TechCrunch

“Tens of thousands of students and professionals move out of India each year to pursue higher education and for work. Even after spending months in a new country, they struggle to get a credit card from local banks, and end up paying a premium to access a range of other financial services. Banks in the […]

Deals

U.S. Payments Startup Marqeta Files With Regulators for IPO – Source

February 17 2021

> Reuters

“U.S. payment card issuing start-up Marqeta Inc on Tuesday filed confidentially with the U.S. Securities and Exchange Commision for a proposed initial public offering (IPO), according to a person familiar with the matter. Marqeta will now await feedback from the SEC on its filing and hopes to complete its IPO as early as April, the […]

Deals

MoneyLion, America’s Leading Digital Financial Platform, to Become Publicly Traded Via Merger With Fusion Acquisition Corp. (NYSE: FUSE)

February 12 2021

“MoneyLion Inc. (“MoneyLion”), America’s leading digital financial platform, and Fusion Acquisition Corp. (NYSE: FUSE) (“Fusion”) have entered into a definitive agreement which would result in MoneyLion becoming a publicly listed company.  MoneyLion uses the power of technology to empower hard-working Americans to take control of their finances and achieve their life goals.”

Deals

NYMBUS Raises $53 Million in Series C Funding Led By Insight Partners

February 11 2021

“NYMBUS® , a leading provider of banking technology solutions, today announced a $53 million financing round led by existing investor Insight Partners – notable for backing ScaleUp SaaS companies with capital and operational support. Nymbus will leverage the latest funds to empower financial institutions with expanded access to its unique GROW model which creates new […]

Deals

Pakistani Fintech Safepay Raises Seed Funding From Stripe, Others

February 11 2021

> MENAbytes

“Karachi-headquartered fintech Safepay has raised seed funding from global financial technology platform company Stripe. The startup did not share the exact size of the deal but has told us that it’s a seven-figure (USD) amount alongside participation of other local and international investors.”

Deals

Sweden-based Digital Bank Northmill Raises $30M

February 11 2021

> TechCrunch

“Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli.”

Deals

India’s BharatPe Valued at $900 Million in New $108 Million Fundraise

February 11 2021

> TechCrunch

“India may soon have another fintech unicorn. BharatPe said on Thursday it has raised $108 million in a financing round that valued the New Delhi-based financial services startup at $900 million, up from $425 million last year. Coatue Management led the three-year-old startup’s Series D round… BharatPe operates an eponymous service to help offline merchants […]

Deals

TomoCredit Raises $7M to Help the Cash Rich and Credit Poor

February 10 2021

> TechCrunch

“It’s difficult to get credit if you don’t have credit. That’s the problem that startup TomoCredit is trying to solve. Co-founder and CEO Kristy Kim came up with the concept for the company after being rejected multiple times for an auto loan while in her early 20s.”