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.

Diebold Nixdorf Secures $650M Capital Commitment

PYMNTS

To enhance liquidity, ATM servicer and software provider Diebold Nixdorf has secured a $650 million capital commitment from two institutional lenders and started a process to amend its existing credit agreement. Business business financing Capital Commitment Credit Agreement Diebold Nixdorf News What's Hot

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.

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.

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.

PIRS Capital Talks Merchant Cash Advance Evolution

PYMNTS

Today, however, Andrew Mallinger, chief operating officer of merchant cash advance platform PIRS Capital , said that entrepreneurs are looking at the MCA in a new light. Small businesses’ use of alternative finance platforms is slowly on the rise.

TSYS Says It Extends Capital One Agreement

PYMNTS

Credit card services provider TSYS announced Friday that it has extended its existing agreement with Capital One Financial Corp. Under the terms of that pact, TSYS will continue to provide processing services for Capital One’s North American roster of accounts, a list that spans both consumer and commercial credit card accounts. The company also reported that Capital One came in as a top-five issuer of U.S.-based

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.

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.

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.

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.

Square Capital Pulls eBay Into SMB Lending Space

PYMNTS

Bloomberg reported Tuesday (July 24) that eBay will begin offering merchants up to $100,000 in financing through Square Capital. Square Capital is likely to see a significant boost to its financing volumes. Reports said Square Capital facilitated 50,000 business loans in the first quarter of this year — a 35 percent year-over-year increase. B2B Payments Amazon Apple Pay B2B eBay News SMB finance SMB lending Square Capital What's Hot In B2B

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

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.

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.

Capital Float M&A Signals Step Beyond SMB Finance

PYMNTS

Alternative small business lending firm Capital Float appears to be deepening its footprint in the personal finance market through the acquisition of Walnut. At present, only about a quarter of Capital Float’s business stems from consumer finance, with the rest coming from small business lending operations. We’re excited to partner with Capital Float as we aim to exponentially grow Walnut.

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.

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.

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.

Square Capital Drives Company Revenue

Bank Innovation

Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capital

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.

Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets

Bank Innovation

Capital Compliance Cryptocurrency Exclusive Operations Startups Bitcoin BlockChain Blockchain + Digital Currencies cryptocurrency Deloitte digital currency ICOs KYC Waves Platform

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.

Monopoly was invented to demonstrate the evils of capitalism

Chris Skinner

Following on from the discussions of The Wizard of Oz being a political allegory and rally cry against Wall Street and capitalism, did you realise that the boardgame Monopoly is the same, as in a game meant to illustrate the evils of capitalism?

Can Startups Survive Without Venture Capital?

PYMNTS

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.

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

Walmart Mulling Capital One For Its Credit Card Partnership

PYMNTS

Walmart is mulling shifting its branded credit card business to Capital One Financial from Synchrony Financial as it aims to expand the company’s mobile payments offering. Partnerships / Acquisitions Capital One credit cards Mobile Payments News partnerships private label credit cards Retail Synchrony Financial walmart What's Hot

Mercado Libre To Offer Working Capital Loans

PYMNTS

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.”

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

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.

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.

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.

Cabot Square Capital Sells 321 Crédito

PYMNTS

Cabot Square Capital, a U.K. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. The deal includes a share capital purchase price of €100m, an increase in regulatory capital estimated at €10m and the acquisition of shareholder loans with an outstanding principal of €30.6m, noted the report. The move on the part of Cabot Square Capital comes at a time when big banks have been pulling back from the $1.2

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

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

Capital One, Wells Back B2B ePayments Startup

PYMNTS

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.

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

Breakout Capital Opens Door To Factoring Companies

PYMNTS

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.

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.