Tagged: payments

SWIFT Offers €200,000 to Fintechs

In a recent announcement, SWIFT offered up to €200,000 in funding to Fintechs around the world to develop new overlay services that utilize their new global payments innovation (gpi) platform. The two winning Fintech companies of an Industry Challenge will work with banks on innovations that… Read More

Charlotte Fintech Firm AvidXchange Announces Partnership with Mastercard and Capital Raise of $300M

Charlotte-based fintech firm AvidXchange, which provides accounts payable and automated payment solutions to midsize businesses, announced a strategic partnership with Mastercard along with a separate capital raise of $300 million. Both the strategic partnership with Mastercard and the capital raise of $300 million will go towards the… Read More

AngelRush Invests $1.5 Million into Transactive

Transactive has received $1.5 million seed funding from AngelRush. Transactive is a UK based payments platform that integrates the growing number of payment platforms. Transactive describes itself as a “Payments Translator.” Transactive develops transaction-processing software that enables single-source access to payment systems such as Visa… Read More

Venmo Killer? Apple Makes it Easy to Transfer Money to Friends with P2P Payments

Different form of peer to peer payments, like Venmo or Square Cash, have quickly become a popular method to send money to friends. This shift from physical to digital has further relegated cash to novelty status as the sheer convenience of tapping a few buttons and… Read More

Cross-Border Invoicing on the Radar: Flywire Acquires Startupbootcamp FinTech London Alum PACE Invoice

Flywire, an international payment solutions provider (formerly peerTransfer),  announced that its acquisition of London-based PACE Invoice, a multi-currency invoicing platform provider and an alumni of Startupbootcamp FinTech London. With the acquisition, Flywire adds international invoicing to its cross-border payments and receivables services, enabling its business,… Read More

Judopay Announces Ryan Farley as CEO

Judopay, a UK-based “AppCommerce” payments platform, has appointed Ryan Farley as its new CEO. Farley takes over just as Judopay secures reinvestment from key shareholders having exceeded growth expectations over the past year. Judopay predicts mobile commerce (or m-commerce) is set to grow 200% faster… Read More

Clearhaus Invests in Copenhagen Cooperative Bank to Create “All in One Solution”

Typically it is the traditional bank investing in, or acquiring a promising Fintech firm. But in this case it is the other way around. Danish Fintech firm Clearhaus has purchased a 33% stake in Copenhagen Cooperative Bank to adjust its business model. Clearhaus explains that… Read More

Telr Recieves $3 Million Series B Funding

Mumbai-Singapore based Telr, founded in 2014 by Sirish Kumar and Elias Ghanmen, has received additional funding in a Series B round. Telr received $3 million led by Innovation East Funds.  Telr is a payments gateway, MCA and ecommerce platform that is growing in emerging markets. Telr expects… Read More

SoftBank Backs Paytm with $1.6 Billion

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. The $1.6 billion commitment is said to be the single largest funding round from a single investor in India. Crowdfund Insider reported this past week that Paytm was discussing an investment… Read More

Kreditech Receives €110 Million Investment from PayU in Largest Ever Investment in German Fintech

Kreditech, a Hamburg, Germany based Fintech company targeting the digital banking space, has received a €110 Million equity investment from PayU – a leading payments provider. The investment is the largest ever for a German Fintech firm. PayU has now acquired a significant minority stake in… Read More

China: WeiyangX Fintech Review

WeChat Enters the U.S. Market WeChat Pay, one of the biggest mobile payment platforms in mainland China, has boosted its cross-border business by entering the U.S. market. With the backing of China’s largest social networking app WeChat, which now claims more than 889 million monthly… Read More

Lemon Way: Payments & Regtech for 29 Countries in 24 Languages

In its early days as a Payment Service Provider, Lemon Way took up the challenge of meeting the complex needs of crowdfunding platforms while drastically cutting the costs and relieving them of much of the regulatory burden of payment transactions. Five years later, the company… Read More

Fintech Australia Says Major Funding Buttresses Strength of Aussie-Asian Fintech Links

FinTech Australia is pointing to payments company Airwallex securing $13 Million USD in a Series A funding round as indicative of the strength of Australian-Asian Fintech links. FinTech Australian CEO Danielle Szetho said the announcement illustrated the strong and growing links between the two regions…. Read More

Australian Startup Gobbill Automatically Pays Your Bills

Australian startup company, Gobbill, debuted its online bill payment and management service recently. Users who sign up for their services simply create an account and add a credit or debit card. Once their account is setup, users forward any emails containing bills to the company and Gobbill… Read More

Apple Inc. Expected to Launch Venmo Competitor, Apple Cash

ReCode is out with a report that Apple (NASDAQ:AAPL) is expected to push further into the Fintech space by providing a Venmo-like peer to peer money transfer service. Jason Del Rey, writing for ReCode, predicted the new service would be called Apple Cash – thus… Read More

Huge: Alipay & WeChat Payments Have Risen from $81 Billion in 2012 to $2.9 Trillion in 2016

The UN sponsored Better than Cash Alliance is out with an interesting report on Fintech and payments in China. The Alliance partners with governments, companies, and international organizations that are the key drivers behind the transition to make digital payments widely available around the globe…. Read More

Amazon Acquires Indian Mobile Payment License

In another attempt to secure a firm grasp on the Indian market, Amazon has turned towards mobile wallets for its next venture. The e-commerce behemoth has obtained a license from the Indian Reserve Bank (RBI) for the operation of a prepaid payment instruments (PPI). Amazon… Read More

Plastc Credit Card Replacement Tech Shuts Down, Considers Bankruptcy Filing

Another credit card replacement company has died. Plastc, a company that raised more than $5 million in 2014 on a presales campaign, posted a backers update stating the company has exhausted all of its options to raise funding it needs to continue. Plastc said it… Read More

Alibaba’s Ant Financial Increases Bid for MoneyGram

Dallas based MoneyGram (NASDAQ:MGI), a global provider of money transfer services, has become quite popular. This past January, Alibaba’s Ant Financial subsidiary announced it had offered the firm $13.25 per share to acquire the company. The two companies had entered into a definitive agreement to… Read More

Peppermint Innovation Provides Services for Unbanked Filipinos

Peppermint Innovation is a Fintech firm focused on the commercialisation of a mobile banking, payments and remittance technology, designed for banks and other institutions. The company’s vision is to provide mobile payments, money services, and remittances to anyone and to anywhere in the world. Founded… Read More