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Far Point Merges With Global Blue In $2.6B Deal

PYMNTS

Virginia-based FinTech firm Far Point closed a $2.6 billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Silver Lake and other owners will retain roughly 42 percent of the combined company.

Taxes 130
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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147
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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

Kenna said it plans to use the funds to expand its team, focus on sales and continue innovation efforts. An undisclosed amount of Series C funding will help ZP Group, based in Virginia, focus on strategic investments to grow its cybersecurity offering. Singapore’s CardUp announced nearly $1.7

US 116
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Few places are more receptive to new ideas and innovative business models than Silicon Valley. Mozido’s fintech fraud fiasco. Mozido’s fintech fraud fiasco. Weak sales can make it much harder for innovative food companies to secure additional investment and can jeopardize which stores carry certain products.

Fraud 78