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Today In Payments: CT AG Launches Antitrust Probe Into Amazon’s eBook Business; Petco’s $864 Million IPO Beats Forecasts

PYMNTS

In today’s top news, Connecticut’s Attorney General has opened an antitrust probe into Amazon’s eBook business, and Petco beat expectations in its IPO. Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business. New Toshiba Commerce System Offers Retailers ‘Amazon Go At Scale’. Plus, Grab Financial raised $300 million.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). It is unlikely we’ll see that much in 2016, but the fintech sector is vast, and there are fascinating opportunities for newcomers and existing brands alike. Tipping system for retail point of sale.

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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Financing solutions for retailers & manufacturers. HQ: Rocky Hill, Connecticut. Retail finance gateway. Avenues India.

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Insuritas’ Growth Scales with the Popularity of Insurtech

Fintech Labs Insights

The Connecticut-based company announced that 2016 marked its third consecutive year of growth. million retail households and 1.2+ Insurance marketplace solutions company Insuritas released some key growth metrics this week. Policy sales grew by 33.7% Its platform is now available to 7.4+ million small businesses.