SaaS Enjoys Venture Capital Boom

PYMNTS

This week Oxx, which tends to focus on B2B software startups, led the $12 million funding round for the company, which also saw participation from Industrifonden, SEB Venture Capital and KTH Chalmers Capital, according to reports. million , news reports this week said, from Grotech Ventures, Middleland Capital, the Center for Innovative Technology and Charlottesville Angel Network.

Ripple Invests $25M in Blockchain Capital

Bank Innovation

Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space.

UPS Capital Expands Trade Finance For SMBs

PYMNTS

UPS Capital is ramping up its focus on small business finance. 16) that it is expanding its UPS Capital Cargo Finance solution, which provides small- and medium-sized businesses with credit lines to finance goods as they are shipped. UPS Capital is increasing the amount an SMB can borrow from 70 percent of a supplier’s invoice to 100 percent, the company noted. UPS Capital can provide up to $1.5 The company, a subsidiary of UPS, announced on Tuesday (Jan.

Capital Float Tops Up Capital Raise

PYMNTS

India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 According to Capital Float cofounder Sashank Rishyasringa, the deal brings the total raised for Capital Float in 2016–2017 to $9.2 The company has secured significant venture capital, too. Last year the firm revealed it closed a $25 million Series B funding round led by Capital Management with participation from SAIF Partners, Sequoia Capital and Aspada Ventures.

Glint Plans Expansion To US, Tata Capital Launches Working Capital Platform

PYMNTS

and Tata Capital has rolled out a new lending platform in India. In other news, India’s Tata Capital has rolled out an online working capital platform for its customers, the company said. Tata Capital’s platform is developed in partnership with U.S. On another note, the Capital Market Authority (CMA) in Saudi Arabia has granted two experimental FinTech licenses to Scopeer and Manafa Capital, Cryptovest reported.

New Unicorn Revolut Will Use Capital For International Expansion

Bank Innovation

Capital Exclusive Mobile Online Payments Startups capital challenger banks funding London fintech Mobile banking online banking revolut Unicornsbased digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status.

UPS Capital Names New President

PYMNTS

UPS Capital, the financing arm of UPS, has a new president. The company named Mark Robinson as the new president of UPS Capital on Tuesday (Sept. UPS Capital plays a very strategic role for UPS and our customers, providing unique solutions not typically found with other logistics, insurance and financial providers,” said UPS Capital Chief Sales and Solutions Officer Kate Gutmann in a statement.

Xero Integrates Capital One’s New API

PYMNTS

Xero , the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. With direct, secure integration through Capital One’s new application programming interface (API), small businesses will be able to connect their Capital One financial data to their Xero cloud-accounting solution through a fully digital process.

EU Aims For New Bank Capital Rules

PYMNTS

23) that would “mirror” rules in place governing US banks and would serve to “ring fence” foreign bank capital, the Financial Times reported. Those provisions, said the site, would, if codified, mandate that banks would have to bolster capital positions, with liquidity enhanced as well, tied to their EU operations. The Financial Times reported that EU officials have maintained the proposed bank capital rules are not the result of the surprise Brexit vote seen earlier this year.

Capital One Buys Price Match Startup Paribus

PYMNTS

Capital One has reportedly inked a deal to acquire Paribus, a price tracking service, as the credit card company makes another acquisition in the FinTech space. While the terms of the deal were not disclosed, the report noted the acquisition includes bringing the team of Paribus and its technology under the Capital One umbrella. Card at Capital One, said in the report. Partnerships / Acquisitions Capital One FinTech online shopping Paribus What's Hot

PayPal Issues Additional $300 Million In The UK Working Capital

PYMNTS

PayPal has released new data regarding the volume of financing placed with small business borrowers via the PayPal Working Capital solution. Reports in IBS Intelligence on Wednesday (May 9) said PayPal Working Capital has provided U.K. Launched in 2014, PayPal Working Capital has provided $5 billion in small business loans around the world, the company noted. We launched PayPal Working Capital in the U.K.

A $200M Mélange Of B2B Venture Capital

PYMNTS

B2B startups saw a little bit of everything this week when it came to venture capital. million funding round over the weekend, with the corporate expense management company seeing funding from Sabadell Venture Capital, Venturecap, Bankinter, Telegraph Hill Capital and Kibo Ventures. Reports said the funding was led by Fenbushi Capital and saw participation from both U.S.- Bpifrance led the round, while Daher Capital also contributed to the funding, reports said.

Tidelift Amid Firms Lifted By Tide Of VC Capital

PYMNTS

Venture capital activity in the B2B space found software and data management firms securing funding. That round was spearheaded by Tenaya Capital, with additional investors including Bloomberg Beta and Flybridge Capital Partners. The data management firm, which has in the past been known as Cerebro Data, noted that its own Series A financing came to $12 million, with a cumulative capital raising to date of $14.6

Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets

Bank Innovation

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First Bitcoin Capital Trading Suspended By SEC

PYMNTS

24) it has temporarily suspended trading in the securities of Canada-based company First Bitcoin Capital Corp. The Commission temporarily suspended trading in the securities of BITCF because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF’s assets and its capital structure,” the SEC wrote in the news release. . The Securities Exchange Commission (SEC) announced Thursday (Aug.

Capital One Launches Savor Card For Foodies

PYMNTS

17) Capital One announced news of its Savor Card , a cash back credit card that gives foodies cash back rewards on dining, groceries and general retail purchases. Card at Capital One. Like other Capital One credit cards, consumers incur no transaction fees when using the card abroad. . Retail Capital One cash back credit card News restaurant Rewards Savor Card What's HotIn response to growing consumer food and dining spending, on Tuesday (Oct.

Why Is Capital One the Only Bank Using Alexa?

Bank Innovation

Earlier this year, Capital One and Amazon teamed up to put the Capital One “skill” on the Amazon Echo—as of now, Capital One customers who have the Echo or Echo Dot (anything with Alexa) can access their bank accounts using their voice.

A Qapital Approach To Personal Capital

PYMNTS

The penny jar is a classic, painless way to save for a rainy day. When people get home from work or school, they can simply empty their pockets of change and put those coins in the jar, where they will soon amount to enough for a shopping trip or a night at the movies or a new bike or whatever “extras” the person wants to enjoy. Of course, the success of the penny jar relies on an assumption that is no longer always true – that is, that people are carrying and paying for things with cash.

Logistics Outshines Blockchain In B2B Venture Capital This Week

PYMNTS

The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. Intel Capital led its latest funding, while existing backer Formation 8 also took part, bringing the total raised by the company to $27 million. B2B Payments B2B big data Blockchain investments logistics News startups Venture Capital

Can Startups Survive Without Venture Capital?

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Venture capital investment is the lifeblood of startups, but reports by The New York Times released on Wednesday (June 1) put a spotlight on a different breed of entrepreneurs that shy away from taking investor funds. According to the publication, some startups are beginning to see the value in not accepting venture capital. But reports noted that these entrepreneurs are in the minority when it comes to venture capital.

Mercado Libre To Offer Working Capital Loans

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Mercado Libre Inc, the Argentina online marketplace, is gearing up to offer working-capital loans to entrepreneurs in Brazil and Mexico during 2017, reported Reuters. He wouldn’t say how much interest the company would charge on the working-capital loans. . The report noted sellers won’t be required to sign documents or provide financial information to receive the working-capital loans, dubbed “Mercado Credito.”

Capital Markets and IDs

Daily Fintech

It is cloud computing, cryptography, public key encryption and peer-to-peer networking protocols that are the critical “cooking ingredients” for recipes that can solve costly and basic problems in Capital markets, like provenance, authentication and reconciliation.

Capital Markets and IDs

Daily Fintech

It is cloud computing, cryptography, public key encryption and peer-to-peer networking protocols that are the critical “cooking ingredients” for recipes that can solve costly and basic problems in Capital markets, like provenance, authentication and reconciliation.

Square Capital Drives Company Revenue

Bank Innovation

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Federal Appeals Court Revives Class-Action Suit Against Capital One

PYMNTS

A federal appeals court has revived a proposed class-action lawsuit accusing Capital One Financial Corp. We’re pleased with the outcome,” said Matthew Wessler, a lawyer for the plaintiff Tawanna Roberts, a Capital One customer in New York City. Capital One illegally extracted overdraft fees for purchases that were made when consumers had enough funds in their accounts.”. Capital One did not respond to a request for comment.

Amazon Places $22 Million In India’s Capital Float

PYMNTS

Months after reports surfaced that Amazon was considering an investment in the company, alternative lending platform Capital Float revealed it secured $22 million in funding led by the eCommerce giant. Reports in TechCrunch on Monday (April 23) said India’s Capital Float, now the nation’s largest marketplace lender, extended its Series C funding round with Amazon’s $22 million investment, adding to the previous $45 million placed in the company last August.

Capital One Glitch Leads To Multiple Account Charges

PYMNTS

The Washington Post reported that a number of Capital One customers, as of Wednesday (January 3), found multiple charges (the same one, that is) levied on their accounts. Capital One, however, said that customers should check their accounts for updates and that they would not be responsible for any erroneous transactions. Capital One said balances should be accurate. Banking banking Capital One debit cards News What's Hot

Square Capital Grew 64%, Driving Company Revenue

Bank Innovation

The division of the company responsible for providing loans to small businesses and Square sellers across its global network, Square Capital, processed more than 400,000 business loans for the quarter, for a total of $251 million. The lending business appears to be treating Square well.

Breakout Capital Opens Door To Factoring Companies

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Small and medium-sized business (SMB) lending company Breakout Capital is expanding its product line, according to company reports on Friday (Jan. Breakout Capital explained that the tool allows factoring firms to use its platform to reach borrowers. Our factoring partners have experienced substantial customer growth by offering our mutually beneficial product,” said Carl Fairbank, founder and CEO of Breakout Capital.

Golden Gate Capital Considers Merging Eddie Bauer And Pacific Sunwear

PYMNTS

Both retailers are owned by private equity firm Golden Gate Capital, which has not decided whether to merge the two companies and has declined to comment. PacSun has successfully transitioned beyond its historical base of action sports brands to what we believe is the most relevant and coveted mix of brands celebrating the California lifestyle,” Josh Olshansky, Golden Gate Capital’s managing director, said at the time. “We

In the News: Shopify Capital Reports Positive Q1 Update

PYMNTS

Funding company Shopify Capital just released details from its Q1 2017 earnings call, which many are speculating will lead to a 25 percent return on investment (ROI). The potential for Shopify Capital to provide a 20 to 25 percent ROI is dependent upon its remittance rate, and the given time frame for MCA payback will likely be a determining factor. Retail MCA merchant cash advance News Q1 2017 return on investment ROI shopify Shopify Capital

Capital One, Wells Back B2B ePayments Startup

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Capital One, Wells Fargo, Fifth Third, PNC and TD, along with Safeguard Scientifics, each contributed equally to the $30 million investment round, announced on Sunday (April 17), bringing Transactis’ total funding up to $70 million.

Franklin Capital Launches Export Finance Unit

PYMNTS

With an eye on companies looking to grow internationally, SME financing company Franklin Capital Network announced news that it has launched an export financing operation. Franklin Capital Network, along with bank and commercial lender consortium Factor Chain International, are providing underwriting, research, finance and administration capabilities to its new export finance unit, the company added.

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. This is Emergence Capital’s fifth fund. Emergence Capital’s investment model will continue to be successful because it allows us to partner with startups early on, to add value throughout their growth and to win big in the long term,” said Jason Green, co-founder and general partner. “We’re

Top 5 Fintech Raises: FTV Capital, Avalara, OurCrowd, Certona, Zero

Bank Innovation

Compliance E-Commerce Insurance Mobile Online Payments Startups Technology Avalara Certona compliance eCommerce Estify FTV Capital funding SaaS software venture capital Zero

Spotify And Capital One Announce Partnership

PYMNTS

A new partnership recently announced between Capital One and Spotify aims to discount subscriptions as a means to draw more users into signing up for the music streaming service’s premium option. As per the terms of the partnership, Capital One customers will get 50 percent back on the cost of their Spotify Premium account through April 30, 2018, when using their Quicksilver or Quicksilver One card to cover the monthly subscription fee. Card at Capital One.

Ripple Closes $55 Million Venture Capital Round

PYMNTS

” Existing Ripple investors include GV (Google Ventures), Andreessen Horowitz, IDG Capital Partners and Jerry Yang’s AME Cloud Ventures. Ripple , the provider of financial settlement services, announced on Thursday (Sept. 15) it completed a $55 million Series B round of financing. Ripple said the funds will be used to accelerate customer growth, pursue strategic partnerships and grow the company’s team internationally.

Cybersecurity Startups Land Majority Of B2B Venture Capital This Week

PYMNTS

Backers at Meritech Capital Partners and Lead Edge Capital led the Series D investment round, according to TechCrunch news, while Index Ventures and Workday also participated. In a statement, CEO and Co-Founder Nuno Sebastiao said the investment will go toward accelerating growth and investment in human capital. InnoVen Capital led the investment, as reported in Mint and VCCircle, but the company has yet to confirm the round.

Banks Have the Capital to Buy Fintech Startups — Will They?

Bank Innovation

“Banks now have the capital to put to work and invest in growth after a long period of cost-cutting,” […]. Capital Corporate Exclusive Innovations Online Operations Technology Uncategorized Button Capgemini fintech JPMorgan Chase LevelUp M&A PayPalBanks are entering what could well be a Golden Age — deregulation, rising interest rates, and a bevy of fintech startups eager to hop into bed with them. Will they take advantage of this fintech opportunity?

4 Startups to Watch: Templum, AppZen, NKM Capital, and More

Bank Innovation

Cryptocurrency Exclusive Online Startups AppZen artificial intelligence BlockChain cryptocurrency eCommerce ICOs Mobile banking NKM Capital Numerai Ripple Robhinhood ShopBack Templum