Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Business budgets and digital payments platform inbanx is boosting its offerings today by partnering with card issuer Corserv. Texas-based inbanx is integrating Corserv’s Payment Cards as a Service API (PCaaSA) into its platform to offer a more holistic business payments platform. Integrating Corserv’s PCaaSA will enable inbanx to offer a Visa commercial credit card to Read more…
Avalara Teams Up with eBay to Bring Cross-Border Compliance Support to Merchants
KeyBank has selected omnichannel card and payment platform Qolo to power its API-based payment solutions and virtual accounts. The partnership will enable KeyBank customers to create advanced virtual accounts instantly. Customers also will be able to connect seamlessly to other payment modalities such as real-time payments, ACH, and wire transfers. “Qolo’s partnership with KeyBank will Read more…
Buy now, pay later (BNPL) giant Affirm announced it is doubling down on its relationship with payments infrastructure company Stripe this week. Under the agreement, Affirm is making its Adaptive Checkout tool available to eligible Canadian Stripe users. Launched in 2021, Adaptive Checkout offers more personalized payment options in the checkout flow. The checkout tool Read more…
Digital identity network ID.me announced it closed a $132 million funding round this week. The investment boosts the Virginia-based company’s total funding to $240 million. Viking Global Investors led the round, which also saw participation from CapitalG, Morgan Stanley Counterpoint, FTV Capital, PSP Growth, Auctus Investment Group, Moonshots Capital, and Scout Ventures. ID.me has not specified Read more…
Very Good Security (VGS) has got a brand new boss. The data security and compliance platform has appointed Chuck Yu as its Chief Executive Officer. Vertex Ventures U.S. General Partner Jonathan Heiliger, whose firm is a major investor in VGS, praised Yu’s experience in financial services. “His deep ties in the fintech and payments space Read more…
Fintech has solved a lot of problems by creating a multitude of different peer-to-peer (P2P) payment apps. In so doing, however, it has also created a problem– the platforms are not interoperable. Many people use different payment apps, and they don’t all work together. Visa is seeking to solve this issue with its new launch, Read more…
European payment service provider Cardstream announced the launch of new white label PayFac-as-a-Service. The cloud-based service will offer acquirers access to Cardstream’s third party payment facilitator program and provides a pathway for those looking to become a payment facilitator. PayFac-as-a-Service users will also benefit from Cardstream’s regulatory position, as customers without a license will be Read more…
AutoRek, an end-to-end financial data control platform, has been selected by the U.S. Federal Reserve to feature in its FedNow Service Provider Showcase. The Showcase connects financial institutions with providers that offer real-time payment solutions. As a featured provider, AutoRek will have the opportunity to “offer a number of its instant payment services to U.S. Read more…
Risk intelligence and insights company EverC announced both a new investment and a new strategic partnership last week. The new investment and partnership come courtesy of Kroll via the & Opportunity Fund. “Kroll’s exceptional reputation for thought leadership in the risk and advisory space is well-known over the world,” EverC CEO Ariel Tiger said. “Working Read more…
Automated savings and investing app Acorns announced today it acquired kids money management app GoHenry. Financial terms of the deal, which also includes GoHenry’s European arm Pixpay, were not disclosed. The benefits of today’s acquisition are multi-faceted. GoHenry; which operates across the U.K., Italy, France, and Spain; will help California-based Acorns initiate its international expansion. Read more…
Business communications company LeapXpert has secured $22 million in Series A+ funding. The round was led by Rockefeller Asset Management via its Technology Ventures Group. Also participating in the round were Uncorrelated Ventures, and the Partnership Fund for New York City. Existing investors and a new strategic investor were also involved in the funding. “Today Read more…