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Looking for a way to celebrate Victoria’s Day? How about a tip of the hat to Toronto-based collaboration technology specialist Ethoca which marked the occasion with news of the integration of its alerts into a fraud-detection platform, Kount Complete. Describing the integration, Ethoca CMO Keith Briscoe said it would give the merchant customers of both Ethoca and Read more…
The month of April ended on busy note as 29 companies raised $427 million in the final week (ending April 29). That brought the total raised in April to $7.3 billion, which would have been a record year anytime before 2014. The previous weekly totals in April: 17 companies raise $4.8 billion week ending April 22 Read more…
Currency Cloud has a new Chief Financial Officer. Formerly CFO of fellow Finovate alum Intelligent Environments, Fiona Tee (below) will bring more than 20 years of experience as a senior finance professional to the London-based global payments processor. At Currency Cloud, Tee will lead international development of the company’s finance, human resources, compliance, and operations. Read more…
What a week for Vera! Within hours of the data security startup’s Finovate debut, the company announced that it had landed a strategic investment from Capital One Growth Ventures. The investment adds to Vera Security’s oversubscribed Series B round, taking the company’s total funding to $35 million. The Series B was led by Sutter Hill Ventures, with Read more…
Cloud communications startup Nexmo is now Nexmo, a Vonage company, after being acquired by communications giant Vonage for $230 million. The company’s CEO Tony Jamous is now president of the newly acquired entity. CTO Eric Nadalin and Nexmo’s 170-person team are also moving over to Vonage. Nexmo brings 350 enterprise customers from across the globe, which marks Vonage’s first expansion outside of Read more…
In a round led by Target Global Ventures, Israeli payments technology innovator Zooz just raised $24 million in new capital. The investment takes the company’s total funding to more than $40 million and will enable Zooz to accelerate growth, build and develop new products, and expand in both existing and new markets. In thanking both new and Read more…
Just a month after naming Ian Dunbar as its new CEO, Australian virtual workspace innovator SuiteBox has won “Best Technology” at the Melbourne Showcase. Marc Evans, co-founder of Showcase, sponsor Afiniation, and a judge at the event, praised SuiteBox as a “clean and simple solution that shows how technology can continue to innovate and improve how Read more…
San Francisco-based Boku has formed a partnership with Spotify to facilitate carrier billing in Germany and Italy for the music-streaming company. The agreement includes every major carrier in Germany and one of the leading Italian MNOs. The two companies have already teamed up in the United Kingdom, and this is the first extension of that partnership. The recent geographical expansion Read more…
The merger between mPOS innovators SumUp and payleven announced this week will create a new giant in the industry that processes more than €1 billion a year in 15 countries. Founder and CEO of SumUp Daniel Klein called the deal a “game-changer for the mobile payments industry” and a major move toward his vision of building the Read more…
For the third time this year, we broke the single-week record of number of deals. This week we hit 39, three more than the previous high of 36 (the week ending Mar 17). This week the total capital raised was a whopping $932 million (or $680 million not counting the $253-million Bats Global IPO). The total Read more…
For the 14th week in a row, the number of fintech deals worldwide surpassed 20. This week, 29 startups raised $275 million, or $1.20 billion if you count Chinese real estate giant Home Link (Lianjia).* The total number of deals YTD stands at 363, double last year’s 186 (through April 10). Total dollars raised YTD is $7.9 Read more…
Aire, a startup that democratizes access to credit, received funding from Accion Venture Lab, a $10 million nonprofit initiative dedicated to building a financially inclusive world. The amount of the investment was undisclosed; the company stated it prefers to focus on the strategic partnership with Accion. Aire boasts previous funding from Barclay’s Accelerator, Techstars, and SparkLabs Global Ventures. The Read more…