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Hainan Golden Raises $141M In Funding Round Led By Tencent

PYMNTS

Shenzhen Capital Group Co., and China Finance Fund — as well as existing investors Hillhouse Capital, Wanda Group, Prometheus Capital and IDG Capital — all participated in the funding round. Hainan Golden Technology Co. CDH Investments, China Investment Corp. billion in 2022. billion.

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3 Reasons Why Fintech is Thriving in Atlanta

William Mills

Metro Atlanta has established itself as a major hub for the fintech (financial technology) industry. According to the American Transaction Processors Coalition, more than 70 percent of all payments on a global scale currently pass through companies headquartered in metro Atlanta, earning the city the moniker “Transaction Alley.”

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Shipt Gets $20 Million In Funding To Challenge Amazon, Google

PYMNTS

We seek to partner with capital-efficient businesses that are on rapid growth trajectories and look forward to working with Shipt and playing a role in the continued advancement of the company.”. Under CEO Bill Smith’s leadership, Shipt has quickly become a nationally recognized company in the home grocery delivery space.

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Top UK Lenders Launch SMB Branch Joint Venture

PYMNTS

Alternative lenders position themselves as faster, technologically-savvy options for small to medium-size businesses (SMBs) that seek capital, while many of the FinServ providers in the running for RBS funds operate as digital-first companies ready to meet small firms’ need for automation, online platforms and cutting-edge banking services.

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Mobile Order-Ahead Delivered The Goods In 2019

PYMNTS

Tons of capital was raised and spent on new systems and processes. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. “It was the best of times, it was the worst of times.” That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019.

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Another 44 Banks And Credit Unions Sign Onto Apple Pay

PYMNTS

Comenity Capital Bank. Metro Federal Credit Union. The Famers National Bank of Canfield. The bank expansion announced today also follows an announcement two weeks ago that an additional 30 banks and credit unions were signing on with Apple Pay. The newest members of the roster are listed below. Acadia Federal Credit.

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Consortia Key To Blockchain’s Success, Says Deloitte

PYMNTS

It was Deloitte’s first public investment in a blockchain startup, according to reports, but the company had already been working with SETL to develop contactless card solutions for Metro Bank.