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Deals

EXCLUSIVE U.S. Remittance Processor Remitly Hires Advisers for IPO -sources

“Remitly Inc has hired investment banks to prepare for an initial public offering (IPO) in New York this year that could value the U.S. remittance payments processor at around $5 billion, people familiar with the matter said on Thursday. It would be a significant jump from the $1.5 billion valuation the Seattle-based company attained in […]
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After Dropping Out of College in Nigeria, These Tech Entrepreneurs Have Now Been Snapped up by the Influential Y Combinator

“The co-founder and chief executive of Nigerian fintech Flux says dropping out of college helped to pave the way for the launch of a new crypto payments company, one that has since been backed by renowned start-up accelerator Y-Combinator…Flux is a cryptocurrency remittance app. It lets users convert sovereign currencies into crypto and then send […]
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Deals

New Finablr Owners in Merger Talks With Bahraini Payments Firm

“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 , […]

On The Wires

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Deals

Remitly Receives Investment From Visa to Help Accelerate Expansion of Cross-Border Money Transfer Network in Emerging Markets

“Remitly , the mobile-first provider of remittances and financial services for immigrants, today announced new funding from Visa, a world leader in digital payments. On the heels of a meaningful year for Remitly, Visa has made an equity investment in the digital provider, showcasing confidence in the quality and continuity of Remitly’s vision to provide […]
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Domains

TerraPay Forays Into Bank Account Payments in the USA and Canada to Facilitate Same Day International Money Transfers and Cross Border Remittances

“TerraPay, a leading global payments infrastructure company, announced its expansion into Bank Account payments in the USA and Canada markets to facilitate digital cross border remittances and speedy money transfers to senders (partners and their customers) from key corridors around the globe. TerraPay’s objective is to build global digital payment highways that interconnect financial institutions such as Banks and […]
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Domains

bKash and Mobile Money Connect Through RippleNet to Power Wallet-to-Wallet Remittances

“Ripple, the enterprise blockchain solution for global payments, today announced a partnership with Mobile Money, a Malaysian mobile wallet company. Through RippleNet, Ripple’s global payments network, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS) which serves over 45 million users. The partnership will power seamless wallet-to-wallet payments to serve […]