Remove 2020 Remove Capital Remove Financial Technology Remove Technology
article thumbnail

This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations

CB Insights

The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank.

Capital 78
article thumbnail

SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit

PYMNTS

Alcanza Capital and Bontu. As SoftBank’s Latin America fund is one of the leading technology investors in the world, the equity infusion will give AlphaCredit the opportunity to “consolidate its place as one of the leading financial technology platforms” in the region, a press release says.

Fintech 247
Insiders

Sign Up for our Newsletter

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

article thumbnail

VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic

PYMNTS

Despite wide-ranging economic uncertainties and a challenging investment environment, venture capital (VC) firms and special purpose acquisition companies (SPACs) are actively raising or seeking fresh funds for investment in the payments space. It also plans to invest in companies where technology is a clear differentiator.

article thumbnail

Letter from the Editor: Bankers as Buyers 2020

William Mills

Dear Readers, The speed of change in financial technology has never been faster – nor has the rush to learn about it, foster it, and invest both capital and resources to achieve better performance. There are literally tens of billions of dollars budgeted for technology in the financial industry in the U.S.;

article thumbnail

Mastercard Adds More Startups To Its Accelerate Program

PYMNTS

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. billion in post-program capital and collaborate with Mastercard, major banks, merchants and other high-profile organizations,” Mastercard said.

Fintech 163
article thumbnail

Top News In Payments: China Posts Worst Slowdown In Nearly Three Decades; Alphabet Market Cap Hits $1T

PYMNTS

Global Blue Acquisition Capitalizes On Consumer X-Border Spend. Far Point Acquisition — which focuses on financial technology deals —said it would buy Global Blue, a payments company based in Switzerland, for $2.6 The second full week of 2020 is in full swing. Check fraud has spiked from $8.5 billion in 2016 to $15.1

Marketing 130
article thumbnail

4 ways for financial institutions to slump-proof their technology

Gonzobanker

In a recent Duke University survey, 82% of surveyed CFOs predicted another recession by the end of 2019 or early 2020. Even CIOs who are optimistic about 2019 need to take precautions with their technology. Unfortunately, in hard times expensive technology lifecycle refreshes are often deferred. Watch your MRCs and COLAs.