PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. In the U.S.,

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PYMNTS

DECEMBER 21, 2020

Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. That was followed on Dec.

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PYMNTS

DECEMBER 18, 2020

This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. landed funding rounds.

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Gonzobanker

SEPTEMBER 21, 2023

Fiserv partnered with Central Payments LLC , a BAAS provider for fintech, and sold its Frontier Reconciliation and Accurate Reconciliation solutions to Trintech. Petal spun off Prism Data , a cash flow underwriting solution, and raised equity financing with existing investors and debt financing from Victory Park Capital.

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Fintech Software Illinois Lending 103

PYMNTS

AUGUST 11, 2020

Revolut attributed the losses to its expansion into new markets and the introduction of new products. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The FinTech has since expanded to offer business banking. The company posted a total loss of $139.6

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PYMNTS

DECEMBER 9, 2020

It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market. The Outsourced FinTech Opportunity. The card rails, in particular, offer a way for traditionally B2C merchants to ease their expansion into B2B payments, he said.

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PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance. InstaRem Expands BizPay.

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PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. The trend is not entirely unexpected and can be attributed to the pandemic, with FinTech funding dropping by 37 percent quarter-over-quarter to $6.1 Xtracap Fintech.

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Capital Analytics Fintech Report 141

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

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PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The company is also reportedly in talks with international investors about raising $50 million via an equity round that QMS Capital is handling.

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PYMNTS

JULY 9, 2020

With commercial credit cards historically viewed as a payment vehicle for businesses to make one-off purchases for the office or while on a business trip, the small business credit card has yet to catch up to adoption volumes seen by other payment methods like direct bank transfers in the B2B payments space. Opening Access To Capital.

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PYMNTS

NOVEMBER 10, 2020

Our core products allow our users to take remote and contactless card payments during lockdown situations, and so in a very real way, this [license] will ensure Ireland’s entrepreneurs can keep trading and keep recovering,” Walsh said. The FinTech also has eCurrency licenses in Lithuania and the U.K.

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PYMNTS

DECEMBER 17, 2020

FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. In particular, we're seeing strong early results as GoCardless moves beyond SMBs to serve mid-market and enterprise customers and expands its international footprint to address a growing need for bank debit processing.

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CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18. The 2019 Canadian fintech market map. Data is as of 10/8/2019.

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PYMNTS

MARCH 22, 2019

Singapore-based FinTech startup InstaReM , which enables banks and consumers to send money across borders , announced a partnership with First Data to assist businesses that issue corporate credit cards. In November, it raised $20 million in capital from investors.

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Cards Data Fintech Security 209

Bank Innovation

FEBRUARY 27, 2019

Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and legacy card companies to provide seamless, affordable solutions for online-based businesses looking to scale up quickly or stock up for busier seasons. provides […].

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Fintech Capital Cards Online 186

PYMNTS

MARCH 13, 2020

Despite its demonetization policy, a thriving eCommerce climate, and continued growth in electronic and mobile payments, card penetration remains especially low in India, hovering at about 2 percent to 3 percent. It’s an interesting phenomenon, especially considering the path to corporate card adoption elsewhere.

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Cards Fintech Innovation Policies 130

PYMNTS

JUNE 10, 2020

A high-powered slate of investors led by BlackRock is buying a stake in Trustly , the fast-growing Swedish FinTech, its new investment partners announced in a press release. Nordic Capital welcomes our new partners as co-investors and looks forward to continuing a successful journey with Trustly.”.

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PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. Boost Finds A Surge In Corporate Card Interest. Visa Fuels Supplier Card Acceptance.

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Cards Analytics Payments Management 156

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt.

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PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. QuickBooks Adds Card Payment Support.

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Cards Capital Fintech Tools 130

PYMNTS

MARCH 10, 2020

In seed funding from well-known angel investors, corporate card FinTech Karbon Card has notched $2 million. Amit Jangir and Pei-fu Hsieh started Karbon Card last year. The firm offers an alternative to corporate cards. In separate news, India landed its first SMB credit card via EnKash per news last summer.

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Cards Report Operations Tools 143

Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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PYMNTS

SEPTEMBER 24, 2018

Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal ( WSJ ) reported Friday (Sept. Brex, founded by two Brazilian entrepreneurs, emerged on the market as a FinTech issuing corporate cards to other startups.

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Cards Capital Software Tools 175

PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card.

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System Operations Fintech Taxes 258

PYMNTS

DECEMBER 18, 2020

Canadian FinTech Neo Financial said that it has raised CAD $50 million in a Series A funding round that included $25 million in funding and $25 million in debt facility financing. Other investors included Shopify CEO and founder Tobi Lutke, Golden Ventures, Inovia Capital, Thomvest, Afore Capital, Maple VC, FJ Labs, and District Ventures.

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Fintech Capital Cards Innovation 163

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

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Fintech Customer Experience Conference Technology 167

PYMNTS

JANUARY 7, 2021

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 The FinTech IPO Market. Earlier this year, SoFi acquired payments firm Galileo for $1.2 billion, and also expanded internationally by purchasing Hong Kong-based investment app 8 Securities.

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Capital Los Angeles Boston Lending 150

PYMNTS

AUGUST 14, 2018

FinTechs are going after another financial market void, this time providing loans to customers with low credit scores. Meanwhile, CreditShop, which investment firm Varde Partners acquired in 2017, launched a credit card earlier this year while Elevate Credit, which focuses on installment loans, came out in July.

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Fintech Cards Capital Marketing 111

PYMNTS

OCTOBER 26, 2018

This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points. raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Businesses across Asia, South Africa, the U.K.

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Fintech Capital Tools Management 192

PYMNTS

DECEMBER 12, 2019

San Francisco FinTech Brex announced a $200 million debt capital raise from Credit Suisse that will be used to expand its eCommerce business and credit offerings to new companies, Brex announced in a press release on Thursday (Dec. Brex deals in business-to-business (B2B) payments with corporate cards tailored to specific industries.

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Fintech San Francisco Capital Software 131

PYMNTS

SEPTEMBER 18, 2019

The New York-based FinTech company Petal has announced a $300 million debt round from global investment bank Jefferies, adding to existing venture capital investments from Peter Thiel’s Valar Ventures, Rosecliff Ventures and others, the company announced in a press release on Wednesday (Sept. ABS capital markets for Jefferies.

Cards 133

Cards Capital New York Millennials 133

PYMNTS

JANUARY 24, 2020

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.

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Fintech Capital San Francisco Georgia 198

BankBazaar

MAY 7, 2024

BankBazaar.com, India’s leading fintech co-branded Credit Card platform and online platform for free Credit Score, marks its third consecutive year of fast and sustainable growth, with an unaudited operating revenue of Rs.215 Strong bank partnerships have significantly bolstered BankBazaar’s position in the market.

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Branding Cards Fintech Leadership 78

PYMNTS

MAY 29, 2019

The investors were led by Apis Partners LLP and FinTech investor Crossfin Technology Holdings. Although the three strong brands have been consolidated under one entity, they will continue to operate independently within their distinctive markets,” said Sureswipe MD Paul Kent, according to IT Web. “We

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Cards Fintech Retail Operations 162

PYMNTS

NOVEMBER 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others.

Cards 196

Cards Payments San Francisco Tools 196

PYMNTS

NOVEMBER 20, 2018

FinTech startup Plastiq has announced a $27 million venture capital funding round for its solution that lets businesses and consumers make payments with their payment cards, regardless of if cards are accepted. The tool also helps companies pay bills that typically aren’t paid via cards, such as rental payments.

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Tools Cards Capital America 151