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Credit and risk underwriting firm TransUnion announced plans today to acquire digital identity solutions company Neustar. The deal is expected to close in the fourth quarter of this year for $3.1 billion. “The credit information and analytics that TransUnion provides make trust possible between consumers and businesses,” said TransUnion President and CEO Chris Cartwright. “As Read more…
How are fintechs helping financial institutions make successful digital transformations? What is required in order for financial institutions to maximize the opportunities available from increasingly ubiquitous enabling technologies to better engage and serve their customers and members? What lessons can we draw from those banks, credit unions, and other financial services providers that have prioritized Read more…
PayPal announced plans today to acquire Japan-based Paidy, a payments company with a buy now, pay later (BNPL) offering that facilitates transactions for both merchants and consumers. The deal is expected to close for $27 billion (¥300 billion) in the fourth quarter of this year. PayPal’s purchase will work alongside its existing ecommerce business in Read more…
Germany-based Ryd announced this week it has received $11.9 million (€10 million) in funding for its technology that allows users to pay for vehicle fuel via their mobile app. The investment, which marks the first time Ryd has received funding, comes from BP Ventures, the investment arm of British Petroleum. As part of today’s announcement, Read more…
From the renewed emphasis on contactless commerce to the promise of real-time payments, the business of facilitating transactions for goods and services is as hot a subsector of fintech as any other. To this end, we caught up with Jeff Kump, Head of Payments for recently rebranded CSG Forte, a unified payments platform based in Read more…
London-based digital “super platform” Capitalise.com has raised $13.8 million (£10 million) to support a new, integrated risk management service to provide credit insights beyond traditional credit reports. Investors in the round include Experian, QED Investors, Gauss Ventures, Hambro Perks, and Post Finance. Capitalise.com helps SMEs secure the financing they need in order to grow their Read more…
Courtesy of Blackhawk Network, championship-winning professional athletes aren’t the only ones headed to Disneyland. The branded payments solution provider announced late last week that it is leveraging its proprietary ScanIt solution to power retail ticket purchases using QR codes. Moreover, among the first customers of this new offering is none other than Disneyland, which will Read more…
After recently receiving $450 million in funding, digital trading and brokerage company DriveWealth is now worth $2.85 billion. The investment brings the company’s total funding to $551 million. The Series D round was co-led by Insight Partners and Accel and included a follow-on investment from Fidelity International Strategic Ventures, Base 10, FTX, and FlightDeck. Greyhound Read more…
For many, the economic inequality and low financial literacy that plague a country like South Africa are reasons to look elsewhere for fintech opportunities. But for New York-based Wahed, these same features are reason for not only optimism, but for investment and expansion. The company, parent firm of a leading halal financial investment platform, announced Read more…
Mobile payments company BOKU announced its expansion beyond carrier billing today with the launch of M1ST, a mobile payments network. M1ST, also known as Mobile First, features 330+ mobile payment methods, including mobile wallets, direct carrier billing, and real-time payments schemes. The payment methods reach 5.7 billion mobile payment accounts across 90 countries. “Today, we’re Read more…
The following is a guest post by Todd Thomas, who has been in financial services for more than 20 years. According to data from the Urban Institute, the median FICO credit score for Hispanic consumers is about 75 points lower than the median white consumer’s. The median credit score for Black consumers is more than Read more…
In a round led by Sequoia Capital Global Equities, Chime Financial has raised $750 million in new funding. The investment gives the San Francisco, California-based company a valuation of $25 billion and likely anticipates the firm’s debut as a publicly listed company next year. Also participating in the Series G round were SoftBank’s Vision Fund Read more…