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Samsung Pay Crosses 1.3 Billion Transactions, But Falls Short of Apple Pay

Bank Innovation

As it makes its way to South Africa and continues to amass impressive partnerships with the likes of Alipay and PayPal, Samsung Pay might have completed three years in the mobile payments market, but its numbers still lag its main rival, Apple Pay. Samsung revealed yesterday that it had completed 1.3

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Ant Financial Acquires Minority Stake In Klarna

PYMNTS

China’s Ant Financial has acquired a minority stake in the Swedish split payments FinTech Klarna for an undisclosed sum, Klarna announced on Wednesday (March 4). Klarna, Europe’s most valuable FinTech, was founded in 2005 and has financial backers that include the rapper Snoop Dogg, who is also part of the company’s marketing.

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Making A Sizzling Leap Into Digital Banking

PYMNTS

Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups. Upon releasing its latest earnings, LendingClub , known up until now for its personal loans delivered through its online platform, said it had struck a deal to buy Radius Bancorp.

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B2B Venture Capitalists Have Their Heads In The Cloud

PYMNTS

This week’s B2B venture capital (VC) roundup shows investors have a spot in their portfolios for startups disrupting the enterprise cloud space, from cloud computing to storage. Plus, other B2B FinTech firms that rely on the cloud also received funding. Accrualify. Procure-to-pay company Accrualify announced its $3.2

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Social Capital Teardown

CB Insights

This teardown features annotations & commentary by four Social Capital partners. Thanks to the Social Capital team for updating/confirming their portfolio data on the CB Insights Editor. Social Capital is a VC fund with a focus on healthcare and education. As in all teardowns, the data analyzed comes from CB Insights.

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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

SMB Working Capital. Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. When Walmart Pay released their numbers, they talked only of percentages.

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The 31 European Unicorns Ranked By Valuation

CB Insights

Combined, these 31 European startups have raised more than $21B in total funding, and operate across industries including fintech, e-commerce, healthcare, and more. Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, Select Investors: Rhone Capital.

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