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Finovate Best of Show winner Zeta announced a new partnership with Mastercard. The five-year collaboration included an investment of $30 million from Mastercard and other investors. The funding gives Zeta a valuation of $1.5 billion. Zeta, which won Best of Show in its Finovate debut at FinovateWest Digital 2020, has announced a five-year global partnership Read more…
While much of the financial world is united in its efforts to distance itself from Russia as the country’s leader, Vladimir Putin, orders his forces continue their invasion of neighboring Ukraine, many of those in the cryptocurrency world are decidedly more ambivalent. Is this a function of the underlying libertarian spirit that powers much of Read more…
Shift4 acquired Finaro and The Giving Block. The company will leverage the two purchases to fuel global expansion and to deepen its cryptocurrency roots. Shift4 expects the acquisitions will contribute $15 billion in payment volume in 2023. Payments processing technology company Shift4 made two key acquisitions this week. The Pennsylvania-based firm snapped up cross-border ecommerce Read more…
Shares, a new social investment app based in Paris, has raised $40 million in Series A funding. The app combines fractional share investing with features that enable users to observe the investing behavior of others, as well as collaborate on investment strategies. The app is available to investors in the U.K. The company plans to Read more…
This is a sponsored post by Carol Hamilton, Senior Vice President, Global Solutions at Provenir. New survey data reveals uncertainty in the accuracy in credit risk modeling, underscoring the need for AI, machine learning, and alternative data. Consumer credit markets have changed dramatically over the past two years during the Covid-19 pandemic, translating into economic Read more…
Bulgaria-based Payhawk extended its Series B funding round by $100 million to $215 million. The investment values Payhawk at over $1 billion and brings its total funding to $239 million. The company currently serves businesses in 30 countries and will use the recent funding to pursue further global expansion. Bulgaria may be known more for Read more…
Russia’s invasion of Ukraine has sent shockwaves around the world – and the fintech industry has not been immune to the reverberations. As Axios noted last week, fintechs such as money transfer giant Wise and financial services company Brex have limited or halted fund transfers altogether to Russia and Ukraine. The reasons given for the Read more…
Consolidation in the Buy now, pay later (BNPL) industry continues as Zip agrees to acquire competitor Sezzle. The deal values Sezzle at $355 million. After the acquisition is finalized, Sezzle will rebrand to Zip and the company’s CEO Charlie Youakim will lead Zip’s U.S. business. Buy now, pay later (BNPL) player Zip (formerly known as Read more…
New York-based Signal Intent has rebranded as Chimney. The company won Best of Show in its Finovate debut at FinovateSpring last year. The rebrand announcement accompanied news that Chimney had raised seed funding that “exceeded its investment goals.” Signal Intent, which won Best of Show in its Finovate debut at FinovateSpring 2021, has rebranded as Read more…
OCR Labs, an identity verification company founded in Australia and headquartered in London, announced a $30 million Series B round. The funding takes the company’s total capital to $46 million and will be used to help OCR Labs expand further in North America and EMEA. Making its Finovate debut in 2016, the company won Best Read more…
American Express partnered with Delta Air Lines to offer American Express’ buy now, pay later tool, Plan It, as a payment option at checkout. Plan It allows users to select from one to three repayment options and charges a fixed monthly fee. Plan It will be added as a checkout option on Delta’s mobile app Read more…
Revolut has acquired India-based Arvog Forex. Terms of the deal were not disclosed. The purchase will help Revolut launch services in India in the latter half of this year. Arvog Forex has more than 20 branches across India and served more than 15,000 customers last year. Global financial services innovator Revolut recently acquired Arvog Forex Read more…