Stripe switches up board members: report
Payments Dive
DECEMBER 7, 2023
The digital payments company replaced one director and added another, increasing the representation from Sequoia Capital entities, a trade publication reported.
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Perficient
DECEMBER 16, 2020
Being aware of Working Capital balances and taking proactive action has never been more important to businesses of all sizes. Our Working Capital Analytics application provides high-level metrics relating to working capital and deeper dives into current assets and liabilities’ primary components.
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Payments Dive
SEPTEMBER 26, 2023
While money is much older than software, it’s still more difficult to move payments around the world, the venture capital firm said in a recent report advocating cross-border improvements.
PYMNTS
DECEMBER 2, 2020
Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. So we built Capital for platforms: [link]. On Tuesday (Dec.
Payments Dive
JULY 24, 2023
Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.
PYMNTS
FEBRUARY 18, 2019
Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers. ” Business CreditWise provides unlimited access to a business credit report, sourced in real time from LexisNexis Risk Solutions.
PYMNTS
NOVEMBER 22, 2020
Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. The new fund, called Bain Capital Double Impact Fund II, was registered with the SEC on Aug.
PYMNTS
DECEMBER 17, 2018
Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.
PYMNTS
OCTOBER 4, 2020
Jacqueline Reses , head of Square 's Square Capital unit, is stepping down as of Oct. 30, according to a report from The Motley Fool. Square Capital is the company's small business financing arm, providing loans from $300 up to $10,000, charging a single fee for loans.
PYMNTS
MARCH 6, 2020
A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS). Mailprotector.
PYMNTS
APRIL 10, 2020
After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 The startup’s board had set aside just under 93,000 Series E preference shares with an INR 100 nominal value, Inc 42 reported. Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013.
PYMNTS
JULY 23, 2020
Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. It will allow for constant visibility for receivables available for discounts, payment status and transaction history.
Independent Banker
AUGUST 31, 2022
Social payments methods like Venmo and Cash App continue to grow in popularity, and the data is there to prove it, creating an opportunity to give customers what they want: 24/7 access to cashless, P2P and mobile transactions. So how do social payments fit in community banks’ long-term future? Illustration by Filo/iStock.
PYMNTS
SEPTEMBER 3, 2020
To assist in creating a blueprint for businesses aiming to expand, Hitachi Capital Business Finance has rolled out its inaugural “Smart Business Planning” initiative that follows its ongoing pledge to help those who own small- to medium-sized businesses (SMBs), Process and Control Today reported.
PYMNTS
APRIL 12, 2019
Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Buckzy Payments.
PYMNTS
MARCH 9, 2020
In an unusual move for a venture capital firm, Sequoia Capital has parted ways with a company over a conflict of interest, and in doing so, has given up $21 million, according to a report. The firm separated from Finix, a payments infrastructure company, Finix told its employees on Monday morning.
PYMNTS
DECEMBER 18, 2020
The company said that malicious actors are moving away from the usual “spray and pray” strategy that entails conducting dozens or hundreds of lower-value transactions with stolen payment data, and are instead making fewer and larger attacks. Furthermore, 22 percent of Americans have reported being targeted by COVID-related fraud.
PYMNTS
JANUARY 30, 2020
Facebook recently released its quarterly earnings report for the period ending on Dec. During the earnings call , the company touched on its plans for the WhatsApp payments service, which is being tested in India. Capital Analyst Alan Gould asked David Wehner, the chief financial officer at Facebook , about the company’s plan.
PYMNTS
SEPTEMBER 30, 2020
But a somewhat fast bounce-back for transaction banking revenues is forecasted to take place next year, the Global Trade Review (GTR) reported, citing a Greenwich Associates report. In 2020, the global pandemic has brought that to a screeching halt,” the “ Banking after COVID-19 ” report noted.
PYMNTS
NOVEMBER 10, 2020
Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Factors Affecting Working Capital Needs. Automating Capital Management.
PYMNTS
DECEMBER 18, 2020
The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. India-based Arya , which offers post-harvest services throughout the agricultural value chain, said that it landed $21 million in a Series B financing round, according to a TechCrunch report. CloudTrucks.
PYMNTS
JANUARY 11, 2021
Capital One has signed on to join Fiserv ’s surcharge-free MoneyPass ATM network. Under the deal , MoneyPass will be made available at over 1,500 Capital One ATMs at Capital One branches, Capital One Cafés and other select locations.
PYMNTS
NOVEMBER 6, 2020
Handling accounts payable (AP), accounts receivable (AR), cash flows and other capital management tasks is an inescapable reality for almost every business that deals with inventory and sales, but these commonplace processes are fraught with obstacles. How Advanced Analytics Are Helping Businesses Handle Capital Management Changes.
PYMNTS
JUNE 23, 2017
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 company is also pushing highly sought high-volume merchants onto its Shopify Payments offering. Following a recent $561 million equity funding round, and with $18.6
Accenture
AUGUST 20, 2019
Guest bloggers Emily Boese and Rom Mascetti explore why ISVs have plenty to gain and little to lose by adding payment acceptance into their existing software and applications. Merchant acquirers and other payment service providers have long provided merchants the tools they need to process payments.
PYMNTS
MAY 20, 2020
To help real estate investors contend with the increasingly complicated accounting and compliance work particular to real estate, Avignon Capital , a European firm, has rolled out a new in-house corporate accounting offering. Comer will spearhead the initiative.
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. India-based Xtracap secured $1 million in angel funding, YourStory reported. There was a nearly 20 percent drop in the number of deals solidified in the quarter, too.
PYMNTS
SEPTEMBER 19, 2018
A new report from Capital One examined this question, focusing on how technological disruption will affect its finances. Overall, Capital One found there has been no change since last year’s report in the portion of middle-market professionals preparing for disruption. ” Surveying 300 U.S.
PYMNTS
NOVEMBER 27, 2019
The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to reports.
PYMNTS
MAY 20, 2020
With corporate card products offering an opportunity for businesses to manage their working capital, service providers have explored new opportunities to promote adoption of the payment tool. Some FinTechs are targeting small businesses directly with technology to ease card payment and acceptance capabilities.
PYMNTS
JUNE 26, 2020
To provide retailers with the ability to attain working capital, India-based payment gateway and online shopping platform Instamojo rolled out InstaCash. Retailers can receive loans for as much as Rs 1 lakh ($1,322.26) for a time ranging from seven to 14 days with the offering, The Economic Times reported.
PYMNTS
DECEMBER 7, 2020
Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. Customers who use their debit cards or checking accounts can still make BNPL payments, the CapOne spokeswoman said.
PYMNTS
JUNE 29, 2020
Across industries and across the globe, industry experts continue to raise concerns about shifting B2B payment habits — often to the detriment of small vendors. But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates.
PYMNTS
JANUARY 12, 2021
Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.
PYMNTS
JULY 3, 2020
Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. Two former executives from payments technology conglomerate Square have formed a new B2B FinTech in Australia called Zeller.
PYMNTS
SEPTEMBER 6, 2019
Today in the payments news roundup, Stripe launched Stripe Capital to simplify the way internet companies can access funds. US Payment Card Market Tops $6T. trillion in spending on goods and services last year, per The Nilson Report. Report: Inside Australia’s Push for a Safe and Trusted Digital ID. generated $6.13
PYMNTS
JULY 8, 2020
Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . The news service reports that the world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, according to sources.
PYMNTS
MARCH 6, 2020
Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. With the fund’s latest close, Quona Capital ’s assets under management (AUM) are at $363 million.
PYMNTS
SEPTEMBER 22, 2020
According to Blue Star Capital , its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. The system will integrate currency exchange into every transaction, enabling customers to track payments in real time.
PYMNTS
AUGUST 3, 2020
DayTek Capital , an Australian challenger bank known for its prepaid “Infinity” card, has been granted a banking license by the country’s Securities and Investments Commission, a report from AltFi says. DayTek was just launched this year, in Queensland, according to the report.
PYMNTS
OCTOBER 5, 2020
In today’s top news, Google has delayed its deadline to developers to comply with a new fee system, and the head of Square Capital is stepping down. Square Capital Chief To Step Down. Jacqueline Reses, head of Square's Square Capital unit, is stepping down on Oct. Report: Airbnb Aims To Land $3B By Going Public.
PYMNTS
OCTOBER 29, 2020
A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank -backed firm mulls a stock market listing, the Financial Times (FT) reported. Officials at SoftBank pushed Greensill to have a bigger and more renown group as its auditor, FT reported, citing unnamed sources.
Bank Innovation
JANUARY 22, 2018
While ICOs might be growing more popular as a way of raising capital, the investing method is struggling under its share of problems, including regulatory scrutiny, slow or congested payment methods, and of course, increased activity from hackers and bad actors.
Bank Innovation
AUGUST 4, 2016
Square Capital may soon be available to non-Square merchants. The payments firm with the famous dongle just reported on a strong quarter and its lending product, Square Capital, played an important role in it. Square put out $189 million in capital on the quarter, an increase of 123% on the year, Read More.
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