article thumbnail

SoftBank Earmarks $1B For eCommerce, Healthcare And FinTech In LatAm

PYMNTS

SoftBank has so far earmarked $100 million to $150 million to fund 17 companies and two venture capital firms. . “We In addition, it will continue direct investments in venture capital firms. In 2019, Softbank invested $130 million in Kaszek Ventures and bought a $100 million stake in Valor Capital Group.

Fintech 174
article thumbnail

How FinTechs Help Companies Optimize Their Payments Acceptance Costs

PYMNTS

Companies then, of course, have the operational side of the costs and the associated headcount. It takes significant financial resources to maintain the entire payment contraption — and it also requires funding to add to that system from a capital improvement or innovation perspective in addition to the people costs.

Company 209
Insiders

Sign Up for our Newsletter

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

article thumbnail

Brussels To Investigate German Regulator Over Wirecard

PYMNTS

Dombrovskis told the Times he will ask the 27-nation bloc’s markets supervisor to evaluate BaFin’s handling of the one-time rising star German financial technology company. “We We need to clarify what went wrong.”. This is certainly something that requires investigation,” Dombrovskis said. “As

article thumbnail

FinTechs Find VC Favor Amid Collaborative Efforts

PYMNTS

The shift has been one where banks are, of course, enlisting the aid of these smaller firms to broaden services and make them nimbler. Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S., national co-lead partner, venture capital practice.

Fintech 101
article thumbnail

Prosper Hires Banks To Decide Next Steps

PYMNTS

Prosper Marketplace is in the midst of exploring strategic options, having hired investment banks JPMorgan and Financial Technology Partners and having disclosed it is considering selling equity in the firm. Specifically, the capital would improve funding sources. Reuters reported that the privately held U.S.

Lending 100
article thumbnail

The Rise Of The Multitasking SMB Finance App

PYMNTS

Amid the market uncertainty of the pandemic, small business owners often have to do more with less, and they're expecting the financial technology solutions they use to do the same. Of course, the small business receiving that transaction often prefers direct bank transfers like ACH thanks to its affordability.

Mobile 265
article thumbnail

Why P2P Could Soon Play A Leading Role In Middle East FinTech

PYMNTS

An explosion of FinTechs looking to fill the gaps left across under-banked and under-financed populations — including, in many markets, small businesses — has watchdogs exploring how to promote financial inclusion and access to capital while maintaining borrower protection.

Fintech 144