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FinovateSpring 2016 Live Blog – Day 1

William Mills

One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. Card-linked offers generated a lot of excitement a few years ago. They have a platform to source the merchant offers, and match them with card issuers. Link your card to website or app, select the offer.

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Bill.com Acquires Divvy For $2.5B To Enter The Spend Management Space

CB Insights

Divvy: Utah-based Divvy is a spend management platform that integrates expense management and smart corporate cards into a single platform for enterprises. The company has offices in San Jose, Calif., and Houston, Texas. WHO ARE THE PARTIES TO THE DEAL? Divvy’s revenue doubled year-over-year to reach $8.3M

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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

HQ: San Francisco, California. HQ: San Rafael, California. Prepaid card issuer. HQ: Houston, Texas. HQ: San Jose, California. Tags: SMB, B2B, ACH, electronic payments, virtual card, insurance claims. Here are the fintech deals by size from 13 Feb to 19 Feb 2016: StoneEagle Services (VPay).

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