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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

Cards 208
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TS Imagine Announces Strong Growth and Senior Hires as Demand Surges

Bobsguide

• The financial technology firm expands bookings by 300% in H1 2022 versus prior period. Company hires nearly 100 new staff globally in H1 2022, including senior appointments to support expansion. The expansion has been accomplished through cross-selling products to existing customers and new client acquisition.

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TS Imagine Strengthens its Marketplace Leadership with Non-Exec Board Appointments

Bobsguide

• New appointments bring significant expertise from across the financial services industry to TS Imagine’s rapid growth. LONDON, 14 July 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, announces the appointment of three new board members to support the firm’s rapid growth.

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Financial Software Firm OpenFin Raises $17M

PYMNTS

Barclays also participated in the round, as did existing investors such as Bain Capital Ventures, Pivot Investment Partners and JPMorgan Chase & Co., It has created an operating system that helps create and upgrade software applications for financial institutions — much like the way consumer apps get updated on phones.

Software 134
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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources.

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Global Blue Buy Shows Int’l Consumer Payments Allure for Ant Financial, Others

PYMNTS

New day, new multi-billion-dollar deal within the payments space. To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. 16) that it would buy Global Blue , a payments company based in Switzerland, for $2.6 billion euros.

Payments 100
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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

million buyers who operate in industries such as website development, logo design and blog writing. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. Half of global online transactions are expected to take place in Asia this year.

Apple 159