Payments News

On The Web

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Providers

N26 Shares Some Metrics

“Fintech startup N26 just issued an update on its main metrics. The bank now has 3.5 million customers across 24 European markets. The company is about to expand to new countries, such as the U.S. and Brazil but it sounds like the company is not ready just yet. In addition to the Eurozone, N26 is […]
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Deals

Trustly and PayWithMyBank Agree Merger

“Swedish fintech Trustly is merging with Silicon Valley-based PayWithMyBank to create a transatlantic payment network for consumers to pay for online shopping direct from their bank accounts rather than with cards. Together, Trustly and PayWithMyBank will enable merchants with a global footprint to accept online banking payments from European and US consumers.”
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Deals

Token Raises $16.5M in Funding

“Token , a San Francisco, CA- and London, UK-based open banking platform, raised $16.5m in funding. Backers included Opera Tech Ventures, the venture arm of BNP Paribas, Octopus Ventures and EQT Ventures. The company intends to use the funds to expand adoption of its open banking platform and accelerate new ways of innovating payments with […]
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Deals

Fintech Startup Tally Raises $50 Million to Automate People’s Finances

“Tally, a San Francisco-based financial technology startup, has raised $50 million in new venture capital funding. Founded in 2015, Tally aims to automate the financial services of consumers at low cost. The company’s first product, released last year, offered an automatic credit card debt payment service. In March, the firm added an automatic savings account […]
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Deals

Spendesk Raises $38.4 Million for Its Corporate Card and Expense Service

“Spendesk is an all-in-one corporate expense and spend management service. It lets you track expenses across your company, empower your employees with a clear approval process and simplify your bookkeeping. The service essentially works like Revolut or N26, but for corporate needs. After you sign up, you get your own Spendesk account with an IBAN. […]
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Providers

Flux, the Digital Receipts and Rewards Platform, Adds Support for Online Takeout Marketplace Just Eat

“Flux , the London fintech that offers a platform for banks and merchants to power digital receipts and rewards, has unveiled its first partnership with an online-only merchant. The London-based company has managed to sign up Just Eat, the online marketplace for takeout food and delivery. As of today, Just Eat’s U.K. customers will be […]
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Providers

No Banking Charter? No Problem. Fintechs Team Up With Small-Town Banks

“Partnerships between high-flying tech companies and traditional banks, many of them tiny by comparison, are a key force behind the financial technology boom. Because virtually no tech companies have the license required to perform banking services, many of them partner with existing banks to offer a suite of services including checking accounts, credit cards and the back-end […]

On The Wires

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Deals

SecurCapital Acquires Breakout Capital Finance’s Lending Business

“SecurCapital Corp, an expanding supply chain and financial services provider headquartered in California, today announced the acquisition of the lending business of Breakout Capital Finance, a leading fintech company and nationwide small business lender. SecurCapital is also providing additional equity capital to drive growth in Breakout Capital Finance’s two primary lending products: its highly regarded and […]