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FinTech Affirm Raises $500M In Latest Funding Round

PYMNTS

The privately-held FinTech was founded in 2012 as an installment loan provider for shoppers to finance a purchase. The funding initiative was led by returning investor GIC, a wealth fund established by the Singapore government, and Durable Capital Partners, a Maryland investment company, the release stated. million U.S.

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Target Aims To Purchase Delivery Startup Deliv

PYMNTS

Valued at $190 million two years ago, Deliv has raised $85 million in venture capital since its founding in 2012, according to PitchBook Data Inc. Deliv’s venture investors include General Catalyst, PivotNorth Capital, Redpoint Ventures and Upfront Ventures, according to its website. Google and Enterprise Holdings Inc.,

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SaaS Firm CEO Resigns; Layoffs, SEC Investigation Follow

PYMNTS

NS8 , a Las Vegas-based online fraud prevention and detection software maker for small and medium-sized businesses (SMBs), has begun layoffs following the abrupt resignation of its CEO. He alleged that NS8’s board and management have used an SEC investigation that began last year to suggest a more deceitful narrative. “I

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Affirm Eyes Possible IPO That Could Value POS Lender At $10B

PYMNTS

The company’s primary investors include venture capital firms Founders Fund and Lightspeed Venture Partners as well as mutual-fund giant Fidelity Investments, WSJ reported. Founded in 2012, Affirm’s business lies in offering shoppers the ability to pay for goods in installments via short-term loans.

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Making A Sizzling Leap Into Digital Banking

PYMNTS

Upon releasing its latest earnings, LendingClub , known up until now for its personal loans delivered through its online platform, said it had struck a deal to buy Radius Bancorp. The $185 cash and stock deal would bring an online bank with $1.4 Home sales were up 34 percent in the month, the best showing since 2012.

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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.

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Today In Payments Around The World: Lendify Secures $115M In Funding; Contour Teams With Mphasis On Trade Tech

PYMNTS

Lendify reportedly locked in $115 million in funding from Insight Investment, which had supported the online lender with a 1.5 The Hong Kong sale is being managed by Citigroup, China International Capital Corp., Plus, Ant Group has received approval from top security regulators for its Shanghai offering. Morgan Stanley and J.P.

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