Fintech funding round-up: 26 July 2017

Funding concept with smartphone

Bread but with the bluster removed. Following on from yesterday’s concise report, our latest fintech funding round-up keeps it brief. Features Cleo, Skype, ItzCash, Ebix and research from Innovate Finance. The “Siri of personal finance,” Cleo, a virtual money assistant, has received £2 million in funding from Skype’s co-founder Niklas Zennström and venture capital (VC) […]

Worldline to buy Baltics payment processor from First Data for €73m


France’s Worldline is buying 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia, Estonia (aka First Data Baltics or FDB) for around €73 million, financed by available cash. This latest deal follows on from earlier this month, when Worldline announced a definitive agreement to acquire 100% of the share capital […]

Payably and CardConnect want to simplify mobile payments for small businesses

Payably 1

Payably, which offers a platform that integrates mobile payments with QuickBooks Online data in real time, is working with CardConnect to “simplify and speed up” mobile payments for merchants, including initial onboarding and processing and receiving payments, reports Paybefore, Banking Technology‘s sister publication. The strategic partnership also gives Payably the ability to offer “competitive” card […]

Fintech funding round-up: 25 July 2017

Good ideas can bring good money

Whether you call it dinero or dough, the fintech funding does flow! This latest round-up features Revolut, Constellation Digital Partners, Paytm, Mobiquest Mobile Technologies and Wesleyan Bank. Following on from the $66 million raised in a Series B round, UK-based payments start-up Revolut is looking for an additional £4 million in exchange for shares in […]

Microblink’s Photopay expands to new European markets

Microblink 1

Photopay, the payment receipt scanning solution from Microblink, is now available in more countries including France, Norway, Spain and Sweden, reports Finovate (Banking Technology’s sister company). The news is the latest step in Microblink’s European expansion – begun four years ago – and brings the company’s data extraction technology to an even wider range of SME customers. […]

Paysafe to acquire Merchants’ Choice, considers $3.7bn buyout bid


It’s hard to say which is more compelling. Paysafe Group plc announced plans to acquire Merchants’ Choice Payment Solutions (MCPS) for $470 million while also considering its own buyout bid from Blackstone and CVC Capital Partners.

Fintech earnings round-up: 24 July 2017

grafico economia, istogrammi, statistiche

It’s been a busy time for second- and fiscal third-quarter earnings reports. Features Bank of America, Amex, Blackhawk Network and Visa. Banking Technology’s sister publication Paybefore reports. Bank of America (BofA) has beaten analyst expectations with earnings per share of 46 cents on revenue of $22.829 billion for the second quarter ended 30 June 2017. […]

New payments bank launched in India, Fino Payments Bank


India has seen the launch of its fourth payments bank, Fino Payments Bank. For its core banking system, the bank uses Profile from FIS, delivered on a hosted basis.

US Faster Payments Task Force sets ambitious goal for 2020


The Federal Reserve’s Faster Payments Task Force isn’t kidding when it says it wants every US consumer and business to be able to accept faster payments by 2020.

Mastercard triumphs against £14bn collective action lawsuit


Mastercard can breathe a sigh of relief as the £14 billion lawsuit – a collective action over card charges that were passed on to shoppers – has been stopped by the UK’s Competition Appeals Tribunal. As reported last year, Mastercard faced the massive lawsuit. The claim was headed by ex-financial services ombudsman Walter Merricks, who […]