article thumbnail

AI Gets $435M Fundraising Boost From Emergence Capital

PYMNTS

Emergence Capital has raised a $435 million fund to invest in companies that use artificial intelligence (AI) to help people increase their work productivity. Founded in 2003, San Francisco-based Emergence’s early thematic investments were in SaaS and industry-focused Cloud companies, as well as in technology for field and remote workers.

Capital 100
article thumbnail

ForwardLine Financial Raises $20M

PYMNTS

California-based ForwardLine Financial announced that it has raised $20 million in growth capital, led by Five Oceans Capital and Marsico Enterprises. The new capital help the company achieve new record originations in Q2 2019, a 300 percent increase over the previous year.

Capital 115
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FinTech Payment Firm Nuvei Files IPO In Canada

PYMNTS

and RBC Capital Markets. Founded in 2003, Nuvei said its platform connects the major payment card platforms worldwide, and supports more than 450 payment methods and 150 currencies. The company said it plans to use net proceeds from the offering to repay debt.

Payments 229
article thumbnail

BigCommerce Increases IPO Pricing Window To $21-$23 Per Share

PYMNTS

BigCommerce Holdings, which was started in 2003 and is based in Austin, Texas, registered $120 million in revenue for the 12-month period that concluded on March 31. The bookrunners on the arrangement are Barclays, KeyBanc Capital Markets, Jefferies and Morgan Stanley. It plans to go public on the NASDAQ with the ticker of BIGC.

Austin 164
article thumbnail

Payroc Combines With NXGEN, Payscape, BluePay Canada To Serve 46 Countries

PYMNTS

Private equity firm Parthenon Capital sponsored the merger. “We The result is a foundational payments industry powerhouse with tremendous opportunity,” said Parthenon Capital Co-CEO Brian Golson. NXGEN and Payscape merged in May in a deal also backed by Parthenon Capital. We are extremely excited about the combination.

Illinois 100
article thumbnail

Ant Group $34B Record IPO Means Big Payday For Jack Ma

PYMNTS

Morgan Chase, Morgan Stanley and China International Capital Corp led the Hong Kong share sale. He then created Alipay in 2003, which is Ant’s most visible unit. In Hong Kong, for example, about $198 million could potentially be collected in underwriter fees, according to a filing, per the WSJ. Citigroup, J.P.

Groups 136
article thumbnail

FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

Alacriti, a FinTech that was started in 2003, works with banks and other customers on making the migration to digital payments. Linear Capital served as the head investor, while additional help originated from KZM & Company Group. Alacriti Collaborates With The Clearing House on RTP. RootAnt Finishes Seed Round With $1.46M.