Payments News

On The Web

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Deals

Australian Fintech Firm Mx51 Raises $25 Million

“Australia’s fintech startup, mx51 announced that the company has secured $25 million in the Series A funding round to accelerate its expansion. According to an official announcement , the recent funding round was led by Acorn Capital, Artesian, Commencer Capital and Mastercard . In addition, the company is planning to introduce new features to compete […]
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Domains

With GoDaddy Payments, Web Impresario GoDaddy Starts Building on Its Poynt Deal

“The first fruits of GoDaddy Inc.’s acquisition six months ago of payments-technology provider Poynt Inc. emerged Tuesday with the announcement of GoDaddy Payments, a service aimed at unifying payments capabilities for GoDaddy’s base of e-commerce clients. To start with, GoDaddy Payments will focus on e-commerce transactions for clients using GoDaddy Websites + Marketing and Managed WordPress […]
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Deals

Merchant Commerce Platform Pine Labs Valued at $3 Billion in New Fundraise

“Pine Labs, a startup that offers merchants payments terminals, invoicing tools and working capital, said on Monday it has completed the first close of a $285 million funding as the nearly two-decade-old firm looks to expand its offerings and build and scale an online payments gateway… The startup, which also counts PayPal among its investors, […]
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Deals

Saudi Expansion in Focus for Paymob After Record Egypt Fundraise

“Egyptian digital payments provider Paymob will use fresh funding to enter Saudi Arabia and expand at home, as the pandemic spurs a surge in cashless transactions. The Cairo-based firm, which provides mobile wallet products for companies including banks and phone operators and also helps process retail payments, sees “huge potential” in the two Arab nations, […]

On The Wires

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Domains

Wix Launches Point of Sale to Provide Powerful Omnichannel Solutions

“Wix (Nasdaq: WIX ), a leading global SaaS platform to create, manage, and grow an online presence, today announced the launch of Wix POS solutions for Wix business owners to accept secure in-person payments of goods and services in store, online and on the go, allowing them to manage all sales, inventory and data directly […]
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Deals

Lightspeed to Acquire Ecwid and NuORDER to Unify Commerce Ecosystem and Ignite Business Creation

“Lightspeed (TSX: LSPD) (NYSE: LSPD ), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced it has entered into definitive agreements to acquire two global leaders in digital commerce. Once closed, the acquisitions will provide Lightspeed customers new entry points to the digital economy, unprecedented […]
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Deals

SpotOn Raises $125 Million in Series D Funding Led by Andreessen Horowitz

“SpotOn ( www.spoton.com ), one of the fastest-growing software and payments companies with comprehensive solutions for restaurants and retail businesses, today announced $125 million in Series D funding, increasing its valuation to $1.875 billion. The round was led by Andreessen Horowitz (a16z), one of the world’s leading technology and software investors, with continued participation from […]
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Companies

Square and Noble Partner to Digitize Live Event Concession Commerce

“Noble, the consumer-centric digital commerce and marketing platform for onsite experiences, announced today that the company has partnered with Square to provide online payment processing of food and drink for live events. A member of the Square Solutions Partner Program and available on the Square App Marketplace , the Noble platform is integrated into the […]
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Domains

ACI Worldwide and J.P. Morgan Collaborate to Offer Merchants in Europe Greater Choice of Payment Options

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced a collaboration with J.P. Morgan, a global leader across banking, markets and securities services, that will enable merchants in certain European countries to deliver in-store payment acceptance capabilities to their customers. J.P. Morgan has been ranked the […]
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Domains

Lightspeed Launches Lightspeed Payments in United Kingdom and Europe in Expansion of Tailored Financial Solutions

“Lightspeed (NYSE: LSPD ) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the initial availability of Lightspeed Payments for hospitality merchants in the United Kingdom and Europe. Lightspeed’s integrated payments experience gives small and medium-sized businesses in the hospitality industry access to key functionalities made crucial by the global pandemic, including mobile and contactless […]