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U.K.-based GoHenry has acquired France-based Pixpay for an undisclosed sum. The deal will help GoHenry expand further into Europe. GoHenry and Pixpay will operate under their own brands with no change in staffing or headquarters. Kids money management app GoHenry has acquired France-based Pixpay for an undisclosed amount. The move will help U.K.-based GoHenry expand Read more…
Utility data aggregator Urjanet has been acquired by energy technology company Arcadia. Urjanet made its Finovate debut last fall at FinovateSpring 2021. Terms of the deal were not disclosed. Atlanta, Georgia-based Urjanet facilitates access to data from more than 6,500 utility, telecom, and cable providers around the world. Here’s some big news from a Finovate Read more…
In a digital world, there’s no way around digital identity. The topic touches all corners of fintech and ecommerce, and while it can create a stumbling block, leveraging consumer identity data can also hold great opportunity. We recently spoke with Experian’s Kathleen Peters for her thoughts on digital identity and how financial services companies can Read more…
OpenFin received a strategic investment from ING Ventures. The amount of the investment was undisclosed, but adds to the company’s $47 million raised since 2010. ING is an OpenFin OS client. The company began using OpenFin’s technology last year to accelerate its desktop transformation strategy. Enterprise productivity company OpenFin received a strategic investment from ING Read more…
Tel Aviv, Israel-based ThetaRay announced a partnership with Brazil’s Travelex Bank. Travelex Bank will deploy ThetaRay’s transaction monitoring and sanctions screening solution, SONAR, to enhance its ability to combat money laundering. ThetaRay made its Finovate debut in 2015. The company has raised more than $112 million in funding. Transaction monitoring technology provider ThetaRay will help Read more…
FIS is launching its Guaranteed Payments solution this week that boosts merchants’ ecommerce transaction approval rates and guarantees protection against chargebacks. FIS is partnering with ecommerce fraud prevention company Signifyd to reduce merchant chargebacks. “With this solution, customer retention works hand in hand with fraud elimination to unlock incredible revenue growth opportunities,” said Signifyd CEO Read more…
PayPal launched a small business credit card this week. The PayPal Business Cashback Mastercard is PayPal’s first business credit card. PayPal also offers a range of other tools for small businesses, including working capital tools, business loans, risk management support, and more. Small businesses in the U.S. have gained yet another credit card option this Read more…
Mobile fraud prevention specialist Incognia, which made its Finovate debut in May at FinovateSpring, has raised $15.5 million in Series A funding. The capital will be used to help fuel the company’s growth; Incognia currently has 200 million mobile users in more than 20 countries worldwide. Incognia leverages location and motion sensors to create a Read more…
E-commerce payments enabler SumUp raised $624 million (€590 million) in a combination of equity and debt financing this week. The funding round was led by Bain Capital Tech Opportunities. This week’s investment gives SumUp a valuation of $8.5 billion (€8 billion). In a round led by Bain Capital Tech Opportunities – and featuring participation from Read more…
Courtesy of Tencent, Block (formerly known as Square), and existing investor Insight Partners, Indonesian consumer payments platform Flip has secured a $55 million addition to its Series B round. Also involved in the funding were a handful of individual investors including Checkout.com CEO Guillaume Pousaz, DoorDash executive Gokul Rajaram, and former Venmo COO Michael Vaughan. Read more…
To compete successfully in our digital-first, instant gratification world, you need a risk-decisioning ecosystem designed to intelligently serve customers. A solution that not only connects every piece of credit decisioning and AI/ML software you own, but also enables you to access any external and internal data source in real time to auto optimize decisions—along with the impact of those decisions—across your entire customer lifecycle.
Identity verification company Onfido partnered with Bank Millennium Poland to bring automated identity verification to its onboarding process. Bank Millennium Poland was named “Best Digital Bank in Poland” in 2021 by Global Finance Magazine. Onfido also announced that it was joining the digital ID program launched by The Investing and Savings Alliance (TISA). Identity verification Read more…