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Accounts receivable automation firm Billtrust made its first acquisition since going public via a SPAC merger a year ago. The New Jersey-based company purchased collections management company iController for $58 million. Belgium-based iController was founded in 2017 and offers a SaaS product that provides credit and collections professionals visibility into cash flow management. Billtrust will acquire Read more…
One of the biggest experiments in bringing cryptocurrencies to the mainstream is taking place in the small Central American nation of El Salvador. Earlier this summer, the country’s legislative assembly authorized granting Bitcoin status as legal tender inside El Salvador beginning September 7th. One month after Bitcoin joined the U.S. dollar as the second official Read more…
MoneyGram, a pre-digital P2P payments player, announced a collaboration this week that will send funds faster and offer consumers more options. The Texas-based money transfer company is partnering with Stellar Development Foundation, a non-profit that supports the development and growth of the Stellar blockchain network, and Circle, an online platform that enables users to send Read more…
Stephanie Balint, Head of US Strategy & Operations on her experience in the fintech industry, and the continued evolution of technology to solve old and new problems for consumers, and create new opportunities we have yet to think of.
London-based digital payments innovator SumUp announced the relaunch of its online store and the appointment of a new CEO for Europe: Michael Schrezenmaier. The decision to enhance the SumUp Online Store is part of a strategic pivot toward online retail, an industry that grew significantly during the pandemic. “E-commerce has completely changed since we first Read more…
Pakistan-based Buy Now Pay Later platform QisstPay has secured $15 million in seed and pre-seed funding. The round was led by MSA Capital and featured institutional investment participation from Global Founders Capital, Fox Ventures, and First Check Ventures – as well as strategic angel investments from Scalapay co-founders Simone Mancini and Johnny Mitrevski. The capital, Read more…
After finalizing the deal with special purpose acquisition company (SPAC) Fusion Acquisition Corp. this week, MoneyLion is now publicly traded on the New York Stock Exchange under the ticker symbol ML. For additional insight into this milestone, we spoke with MoneyLion CEO and Co-Founder Dee Choubey. Prior to co-founding MoneyLion in 2013, Choubey spent over Read more…
On the final day of FinovateFall a few weeks ago, I had the opportunity to talk with James Wallis, Vice President of RippleX, Central Bank Engagements, and CBDCs, on the topic of blockchain technology, cryptocurrencies, and the potential traction both are gaining within mainstream finance. Wallis offers an unqualified “yes!” in response to the question Read more…
Asia’s largest API infrastructure company, M2P Solutions, will leverage the real-time, cross border payments ecosystem developed by Buckzy Payments to enable its customers to offer better payment services in many of the more underserved corridors in the MENA region. Clients such as banks, exchanges, and money transfer operators (MTOs) will be the partnership’s chief beneficiaries; Read more…
A new partnership between Finovate alum Signifyd and Capital One will bring the fraud prevention specialist’s Authorization Rate Optimization solution to the bank’s payment ecosystem. The integration will help boost authorization rates and reduce the number of orders on Capital One credit cards that are inaccurately declined due to suspected fraud. This will increase revenue Read more…
A new partnership between American Express and New York City-based fintech Extend will give small businesses in the U.S. new options when it comes to using and deploying virtual cards. Specifically, U.S. companies with eligible American Express Business Cards will be able to use Extend’s technology to enroll and create virtual cards in as little Read more…
SellersFunding landed $166.5 million in Series A debt and equity funding this week. The company, which provides working capital to ecommerce marketplaces, now has almost $275 million in total debt and equity funding. The investment was led by Northzone with additional investments from Endeavor Catalyst and Fasanara. Founded in 2017, SellersFunding offers working capital solutions, Read more…