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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. the New York-based settlement platform.

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Corporate Payments Firm AccessPay Secures US Backing

PYMNTS

Based in Manchester, AccessPay provides a digital platform for payments, cash management and treasury operations by integrating businesses’ back-end operations with their banks. million investment with Intel Capital in InContext Solutions, a firm targeting retailers with shopper engagement technologies.

Security 143
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Alipay Rides The Payments Licensing Trend In Europe

PYMNTS

Alipay’s latest expansion — this time, to Luxembourg — shows not only the increasing reach of the China-based mobile payments ecosystem, but also stands as the latest example of companies in payments and FinTech gaining licenses to operate in Europe. Reuters noted that the bank, which launched in 2015, isn’t profitable. Monzo , a U.K.-based,

Trends 185
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FinovateFall Sneak Peek: Aspire Financial Technologies

Fintech Labs Insights

Aspire was created in 2015 with a vision of re-imagining the technology infrastructure in the alternative and asset-backed lending markets. Lecker has over 25 years in the ABL industry in a variety of IT, finance, and operations roles. The post FinovateFall Sneak Peek: Aspire Financial Technologies appeared first on Finovate.

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How Corporates Receive — And Revive — Investment Strategies

PYMNTS

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. However, total investment in these startups — venture capital, in addition to angel, hedge fund and mutual fund investment and more — topped $17.8 and Europe dominated in 2015.

Strategy 100
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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

million buyers who operate in industries such as website development, logo design and blog writing. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. And some marketplaces in Asia are growing their services through tie-ups.

Apple 159
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Plaid Technologies Scores $44M Off Goldman Sachs-Led Round

PYMNTS

Plaid Technologies announced Monday (June 20) that it had secured $44 million in funding courtesy of a round led by Goldman Sachs Investment Partners. We are excited to partner with Plaid and support the business as it continues to enable financial innovation.”. Roughly how many investors contributed to the $44 million round?