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PayPal Wants To Capitalize On India’s Mobile Growth

PYMNTS

The Financial Times is reporting that PayPal launched a domestic business in India in 2017, which allows for local and global payments in the country. We look at regions and then there are countries of importance?…?India PayPal considers the country critical to its growth. India currently is an area of focus.”.

Mobile 181
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Latin America Tech Booms As Brazil Dominates And Regional Investors Grow

CB Insights

Investors from around the globe are flocking to Latin America — within the first half of 2018, deep-pocketed investors like Andreessen Horowitz, Sequoia Capital, and DST Global have backed startups in the region. deals and dollars to latin america hit a high in 2017. Andreessen Horowitz, Delivery Hero, Sequoia Capital.

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Payoneer Broadens X-Border Services To SMBs, Partners With Brex

PYMNTS

These new capabilities and partnerships fuel our mission to empower businesses to grow,” said Payoneer VP, Regional Head of Americas Iain McNicoll. In February, the company debuted a financing solution, its Capital Advance service, that connects eCommerce companies to working capital financing.

Capital 152
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Why P2P Could Soon Play A Leading Role In Middle East FinTech

PYMNTS

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. The world of Islamic finance is growing, and with it, the region’s FinTech strength. That doesn’t mean it’s been easy.

Fintech 144
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SoftBank Invests $17M In Brazilian Used Car Seller Volanty

PYMNTS

Volanty, an online Brazilian used car market startup, raised 70 million reais ($17.6 Monashees Capital and Canary also invested in Volanty in this round after last year providing 19 million reais ($4.8 million reais ($630,000) in 2017, Reuters said. Launched in 2017, Volanty digitally connects second-hand car buyers and sellers.

America 119
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
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eCommerce Startups Find Funding Favor In India

PYMNTS

The company, which operates its own eCommerce marketplace, has built its own supply chain, according to reports, and has recently expanded into the Mumbai and Pune regions, with perishables delivered the same day. Separately, RentoMojo, an online appliance and furniture rental platform, reported a Series C funding round worth as much as $3.8

ATM 170