Posts filtered by tags: Payments[x]


 

Is PayPal’s Expanded Financial Offering a Threat to Banks?

PayPal launches a new personalized app with the goal of becoming an all-in-one financial and shopping solution. The post Is PayPal’s Expanded Financial Offering a Threat to Banks? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
Tags: Finance, Paypal, Spotlight, Payments, Fintech, Digital Banking Strategies, Digital Payments, Payments Strategies, Super App


Bilt Rewards banks $60M growth on a $350M valuation to advance credit card benefits for renters

Bilt Rewards, a loyalty program for property renters to earn points on rent with no fees and build a path toward homeownership, announced Tuesday a round of $60 million in growth funding that values the company at $350 million. The investment comes from Wells Fargo and Mastercard and a group of the nation’s largest real estate owners, including The Blackstone Group, AvalonBay Communities, Douglas Elliman, Equity Residential, GID-Windsor Communities, LENx, The Moinian Group, Morgan Properties, St...
Tags: Credit Cards, Startups, TC, Real Estate, Landlord, Money, Enterprise, Funding, Payments, Mastercard, Ankur Jain, Wells Fargo, Jain, Ownership, Loyalty Program, Bates


PayPal launches its ‘super app’ combining payments, savings, bill pay, crypto, shopping and more

PayPal has been talking about its “super app” plans for some time, having recently told investors its upcoming digital wallet and payments app had been given a go for launch. Today, the first version of that app is officially being introduced, offering a combination of financial tools including direct deposit, bill pay, a digital wallet, peer-to-peer payments, shopping tools, crypto capabilities and more. The company is also announcing its partnership with Synchrony Bank for its new high-yield s...
Tags: TC, Mobile, Apps, Finance, Germany, Tech, Customers, Paypal, United States, Payments, Venmo, Chime, Synchrony Bank, Varo, Facebook Fundraisers, Generosity Network


Salesforce backs Indian payments startup Razorpay

Six-year-old Bangalore-based fintech Razorpay, which was valued at $3 billion in a financing round in April this year, has courted one more high-profile investor: Salesforce Ventures. Razorpay said on Monday it has received a “strategic investment” from the venture arm of the American enterprise giant. The investment will help the startup “further strengthen its presence in the business banking space,” it said. The two firms didn’t disclose the size of the investment, but Sequoia Capital India-b...
Tags: Asia, Microsoft, India, Funding, Tech, Payments, Salesforce, Hyderabad, Bangalore, Salesforce Ventures, Google Facebook, South East Asian, Oyo, Arundhati Bhattacharya, Bhattacharya, RazorPay


Ascend raises $5.5M to provide a BNPL option for commercial insurance

Ascend on Wednesday announced a $5.5 million seed round to further its insurance payments platform that combines financing, collections and payables. First Round Capital led the round and was joined by Susa Ventures, FirstMark Capital, Box Group and a group of angel investors, including Coalition CEO Joshua Motta, Newfront Insurance executives Spike Lipkin and Gordon Wintrob, Vouch Insurance CEO Sam Hodges, Layr Insurance CEO Phillip Hodges, Anzen Insurance CEO Max Bruner, Counterpart Insurance ...
Tags: Startups, TC, Cloud, New York, Enterprise, Funding, Insurance, Palo Alto, Artificial Intelligence, SaaS, Health Insurance, Payments, FirstMark Capital, Susa Ventures, First Round Capital, Ben Rubin


Kapor Capital, Square co-founder Sam Wen back TomoCredit in its $10M Series A funding round

Building credit history can be difficult if you are a consumer that is having trouble getting access to credit in the first place. Enter TomoCredit, which has developed a credit card focused on building credit history for first-time borrowers. The San Francisco-based startup is announcing today that it has raised $10 million in a Series A funding round co-led by Kapor Capital and KB Investment Inc. (KBIC), a subsidiary of South Korea’s leading consumer bank. Lewis & Clark Ventures, AME Clou...
Tags: Fundings & Exits, Startups, South Korea, Finance, Funding, San Francisco, Startup, Tech, United States, Venture Capital, American Express, Payments, Kim, Fintech, Mastercard, Kapor Capital


Zonos banks $69M to develop APIs for democratizing cross-border commerce

Cross-border commerce company Zonos raised $69 million in a Series A, led by Silversmith Capital Partners, to continue building its APIs that auto classify goods and calculate an accurate total landed cost on international transactions. St. George, Utah-based Zonos is classifying the round as a minority investment that also included individual investors Eric Rea, CEO of Podium, and Aaron Skonnard, co-founder and CEO of Pluralsight. The Series A is the first outside capital Zonos has raised since...
Tags: Startups, TC, Ecommerce, Europe, Enterprise, Finance, Funding, Tech, Customer Experience, SaaS, Silicon Valley, Payments, Pricing, Pluralsight, Reid, MacLean


India’s Groww in talks to raise funds at a $3 billion valuation

Groww, an Indian startup that is helping millennials invest in mutual funds and stocks, is in advanced stages of talks to raise a new financing round at a $3 billion valuation, according to six people familiar with the matter. The Bangalore-based startup is negotiating to close a $250 million round, the people said, requesting anonymity as the matter is private. The round could close within weeks, they said. Usual caveats apply: The terms of the deal may change. The startup has received several ...
Tags: Asia, India, Funding, Tech, Payments, Tiger Global, Bangalore, Coatue, Sequoia Capital India, Insight Partners, Groww, Mobile Premier League


Fintech startup SellersFunding raises $166.5M in equity, credit round to support e-commerce sellers

SellersFunding secured $166.5 million in a combination of Series A equity funding and a credit facility to continue developing its technology and payments platforms for e-commerce businesses. Northzone led the round and was joined by Endeavor Catalyst and Fasanara. SellersFunding CEO Ricardo Pero did not disclose the funding breakdown, but did say the company previously raised two seed rounds for a total of $40 million in equity and more than $100 million in credit facilities, including one that...
Tags: Amazon, Startups, TC, Ecommerce, Europe, London, Enterprise, Funding, Tech, Banking, SaaS, Jp Morgan, Payments, Retailers, Fintech, Northzone


India and Singapore to link their payments systems to enable ‘instant and low-cost’ cross-border transactions

India and Singapore are working to link their digital payments systems to enable “instant, low-cost fund transfers,” in a major push to disrupt cross-border transactions, the central banks of the two nations said on Tuesday. The project to link India’s Unified Payments Interface (UPI) and Singapore’s PayNow is targeted for operationalization by July 2022, Reserve Bank of India said. Users on either of the systems will be able to make transactions to one another without having to sign up to the s...
Tags: Google, TC, Facebook, Asia, Government, Singapore, India, Tech, Payments, UPI, Reserve Bank of India, VPA, Monetary Authority of Singapore, Network for Electronic Transfers NETS, UPI VPA, UPI Singapore


A Crack In The Garden Wall

On Friday, US District Judge Yvonne Gonzalez Rogers released her ruling in the suit and countersuit by Epic and Apple. Neither party could claim complete victory. Epic was judged to have breached its contract with Apple (which it admitted) and now owes Apple more than $3.6 million. Apple escaped on almost all counts. The court […]
Tags: Apple, Marketing, US, Epic, Payments, Mobile Technology, Age Of The Customer, Yvonne Gonzalez Rogers, Garden Wall


SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just thr...
Tags: Fundings & Exits, Startups, Instagram, Finance, Funding, Los Angeles, San Francisco, Startup, Tech, SaaS, Venture Capital, M&a, Square, Mobile Web, Payments, Online Payments


MaxRewards banks $3M to reveal best payment methods that reap the most rewards

When Anik Khan graduated from college, his first job was working on credit cards and business expenses at Accenture. There, he found that someone could bring in a couple of thousand dollars just by having the right credit cards and following the rewards and promotions. It was back in 2017 when he and David Gao got the idea for his company MaxRewards, a digital wallet app that manages credit cards and automatically activates benefits like rewards, cashback offers and monthly credits. It also make...
Tags: Credit Cards, Startups, TC, Mobile, Ecommerce, Apps, Funding, Tech, Atlanta, Hawaii, Dundee, Watson, Payments, Accenture, Khan, Financial Services


Former head of Mint raises $4.5M for Lean to give gig workers access to financial products

Gig and independent workers have different needs when it comes to financial products than salaried employees at a company. It’s a challenge that Tilak Joshi, founder of Lean , became acutely aware of during his tenure as head of Mint and years as a product exec at American Express and PayPal. While the U.S. has seen a major shift in more independent workers in recent years, traditional financial institutions have “failed to keep up,” in his view. “Seventy percent of independent worke...
Tags: Startups, Finance, Funding, US, Startup, Tech, Paypal, Venture Capital, American Express, Payments, Fintech, Manik Gupta, Joshi, Gokul Rajaram, Lean, Vivek Patel


Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation

Buy now, pay later is officially everywhere, and Latin America is no exception. Today, one startup in the region, Addi , is announcing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had raised $35 million in an equity round led by Union Square’s Opportunity Fund, and $30 million in debt funding from Architect Capital. The company, which has dual headquarters in Bogota, Colombia, and São Paulo, Brazil, declined...
Tags: Fundings & Exits, Startups, New York, Mexico, Finance, Funding, Tech, Colombia, Venture Capital, Brazil, Payments, Fintech, Suarez, Latin America, Union Square Ventures, Greycroft


PayPal acquires Japan’s Paidy for $2.7B to crack the buy-now, pay-later market in Asia  

PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7 billion (300 billion yen), mostly in cash, to enhance its business in Japan. The transaction completion including the regulatory approval is expected in the fourth quarter of 2021. After the acquisition, the Japan-based company will continue to operate its existing business and maintain the brand while the leaders, Paidy’s president and CEO R...
Tags: Startups, TC, Mobile, Asia, Japan, Tech, Paypal, M&a, Payments, Fintech, PayPal Holdings, Paidy, BNPL, Buy Now Pay Later, Riku Sugie, Paidy Russel Cummer


Indian fintech Slice launches $27 credit limit cards to tap 200 million users

Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the South Asian nation for the last few years. The relatively young credit-rating system in India covers only a tiny fraction of the nation’s population. And banks neither have sophisticated underwriting systems nor the risk appetite to make any attempts to move the needle. Slice, a Bangalore-based startu...
Tags: Credit Cards, Asia, Finance, India, Tech, Payments, Credit Card, Slice, Bangalore, Rajan, NPA, Bajaj, Rajan Bajaj


BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion

BP Ventures, the investing arm of oil and gas giant BP, has announced a €10 million (~$11.9 million) investment in Ryd, a German in-car digital payments provider. The fresh funds will help Ryd expand its service into international markets and build out its offering, according to a statement. Ryd’s service allows users to lump together online payments for services like fuel purchases, EV charging and car washing via the startup’s app or integration with smart car systems. BP already offers digita...
Tags: Transportation, Europe, UK, Tech, Automotive, Netherlands, Venture Capital, Bp, Payments, Mastercard, Southern Africa, Alex Jensen, BP Ventures, Ryd, Oliver Goetz


Barbershop technology startup theCut sharpens its platform with new $4.5M round

TheCut, a technology platform designed to handle back-end operations for barbers, raised $4.5 million in new funding. Nextgen Venture Partners led the round and was joined by Elevate Ventures, Singh Capital and Leadout Capital. The latest funding gives theCut $5.35 million in total funding since the company was founded in 2016, founder Obi Omile Jr. told TechCrunch. Omile and Kush Patel created the mobile app that provides information and reviews on barbers for potential customers while also man...
Tags: Google, Startups, TC, Mobile, Apps, Enterprise, Funding, Tech, SaaS, Payments, Barbershop, Patel, Rosenthal, Kush Patel, Elevate Ventures, NextGen Venture Partners


Fintech startup Jeeves raises $57M, goes from YC to $500M valuation in one year

Last summer, Jeeves was participating in Y Combinator’s summer batch as a fledgling fintech. This June, the startup emerged from stealth with $31 million in equity and $100 million in debt financing.  Today, the company, which is building an “all-in-one expense management platform” for global startups, is announcing that it has raised a $57 million Series B at a $500 million valuation. That’s up from a valuation of just north of $100 million at the time of Jeeves’ Series A, which closed in ...
Tags: Fundings & Exits, Startups, Apps, Y Combinator, Europe, Mexico, Finance, Funding, Startup, Tech, Barcelona, Service, Colombia, Canada, Chile, United Kingdom


PayEm comes out of stealth with $27M and its answer to the expense report

Itamar Jobani was a software developer working for a medical company and “hated that time of the month” when he had to use the company’s chosen reimbursement tool. “It was full of friction and as part of the company’s wellness team, I felt an urge to take care of the employee experience and find a better tool,” Jobani told TechCrunch. “I looked for something, but didn’t find it, so I tried to build it myself.” What resulted was PayEm, an Israeli company he founded with Omer Rimoch in 2019 to be ...
Tags: Startups, TC, New York, Enterprise, Funding, Tech, Artificial Intelligence, United States, SaaS, Payments, Api, Financial Services, Nilson, Dwolla, Localglobe, NFX


Prosus acquires Indian payments giant BillDesk for $4.7B, will merge with its PayU fintech group

More major consolidation underway in the world of payments: Prosus — the Dutch tech giant that bundles together Naspers’ fintech, e-commerce and other international investments and businesses outside of South Africa — today announced that it would pay $4.7 billion to acquire BillDesk, a payments provider out of India. Prosus plans to combine BillDesk with PayU, its existing global fintech and payments business, which already has a strong presence in India, a deal that has been rumored to be in t...
Tags: TC, Asia, Finance, India, Tech, South Africa, Payments, Fintech, UPI, Naspers, EMEA, Digital India, Billdesk, Payu, Bob van Dijk, Laurent le Moal


Square to launch a new paid subscription, Invoices Plus

Square’s popular free invoicing software is becoming the company’s next big subscription service. The company is poised to announced a paid subscription offering called Invoices Plus, which will offer sellers a set of advanced features, including some that had previously been available with the free service. The service itself had been quietly introduced to individual sellers, but has not yet been publicly announced. Some sellers who were already using Square Invoices were recently alerted to th...
Tags: Business, Tech, Economy, Square, Payments, Sellers, Web Applications, Invoice, Accounting Software, Invoicing, Accounts Payable, Afterpay, Steve Moser, Online Sellers, Square s Cash App, something Square


Zeal banks $13M to offer employers a ‘build your own’ payroll product infrastructure

Embedded fintech company Zeal secured $13 million in Series A funding to continue developing its platform for building individualized payroll products. Spark Capital led the Series A, with participation from Commerce Ventures and a group of individual investors, including Marqeta CEO Jason Gardner and CRO Omri Dahan, Robinhood founder Vlad Tenev, UltimateSoftware executives Mitch Dauerman and Bob Manne and Namely founder Matt Straz. The latest round now gives the company $14.6 million in total f...
Tags: Startups, TC, Y Combinator, Enterprise, Developer, Funding, Tech, SaaS, Payments, Api, Irs, Sandman, ADP, Abacus, Cto, Spark Capital


Tuna raises $3M to address complexity of e-commerce payments in Latin America

Tuna is on a mission to “fine tune” the payments space in Latin America and has raised two seed rounds totaling $3 million, led by Canary and by Atlantico. Alex Tabor, Paul Ascher and Juan Pascual met each other on the engineering team of Peixe Urbano, a company Tabor co-founded and he referred to as a “Groupon for Brazil.” While there, they came up with a way to use A/B testing to create a way of dealing with payments in different markets. They eventually left Peixe Urbano and started Tuna in 2...
Tags: Startups, TC, Ecommerce, Enterprise, Funding, Tech, Artificial Intelligence, Online Shopping, Software, SaaS, Brazil, Argentina, Payments, Tuna, Latin America, Canary


PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key . It’s literally a no-brainer. The concept is ubiquitous in East Africa, but since mobile money is a telecom operators-led initiative, there are technical complexities in creating a unified infrastructure for businesses that need it . PawaPay, a U.K.-based and Africa-focused payments company, is one of the few tackling these complexities. ...
Tags: Startups, TC, China, Nigeria, Africa, Tech, South Africa, Cameroon, Vodafone, Telecom, West Africa, Kenya, World Bank, Payments, Ivory Coast, East Africa


Balance raises $25M in a Ribbit Capital-led Series A to grow its ‘consumer-like B2B checkout platform’

Balance , a payments platform aimed at B2B merchants and marketplaces, has raised $25 million in a Series A funding round led by Ribbit Capital. Avid Ventures participated in the financing, in addition to existing backers Lightspeed Ventures, Stripe, Y Combinator Continuity Fund, SciFi VC and UpWest. Other individual investors that put money in the round include early employees and executives from Plaid, Coinbase, Square, Stripe and PayPal, such as Jaqueline Reses , formerly head of Squar...
Tags: Fundings & Exits, Startups, Ecommerce, Y Combinator, New York, Finance, Funding, Tel Aviv, Tech, E-commerce, Paypal, Balance, Venture Capital, Payments, Online Payments, Api


Final vote delayed for Korea’s plan to ban Google and Apple in-app payment rules

As Apple and Google continue to face increasing scrutiny over the rules they set for how third-party apps in their app stores charge for services, a significant development in that story is going down in South Korea. South Korea’s parliamentary committee passed on Wednesday (25 August) a landmark bill to prevent Google and Apple from charging software developers’ commissions on in-app purchases, the first of its kind in the world. The final vote by all members of the National Assembly – required...
Tags: Apple, Google, TC, Asia, South Korea, Senate, Tech, Korea, App-store, Payments, Apple Inc, In-app Purchase, National Assembly, South Korea South Korea, In-app Payments


Linktree partners with PayPal to allow users globally to accept direct payments

Linktree, the popular “link in bio” service with more than 16 million users, is partnering with PayPal to expand its recently launched “Commerce Links” tools for direct payment on Linktree globally. The Melbourne-based startup says creators in over 200 countries where PayPal operates can now accept payments through the transaction tools. Launched in March, Commerce Links allow users to take payments directly on their Linktree profile without opening a new browser or tab. The new integration lets...
Tags: Startups, TC, Tech, Paypal, Payments, Melbourne, Index Ventures, Coatue, AirTree Ventures, Linktree, Alex Zaccaria, Songlink Odesli Linktree, Songlink Odesli


OnlyFans’ explicit content ban should spark a conversation about a creators’ bill of rights

Bremner Morris Contributor Share on Twitter Bremner Morris is CMO/CRO of Rally, a crypto platform that allows creators and artists to launch their own digital currency and build sustainable, independent economies with their fan communities. Previously, he was head of global go-to-market and revenue at Patreon. OnlyFans’ decision to ban sexually explicit content is reigniting an important and overlooked conversation around tech...
Tags: Column, Media, Youtube, Opinion, Tech, E-commerce, Paypal, Websites, Lgbtq, Payments, Tumblr, Wikileaks, Cryptocurrency, Patreon, Peer To Peer, World Wide Web