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Fintech funding round-up: 5 October 2017

Funding

Four of the latest stories in one for a fast fintech funding round-up. Features SalaryFinance, Featurespace, Worldpay, Invoke Capital, ESF Capital and ThinCats.

Mobile contactless transactions hit £370m in UK in H1 2017

Is there fintech life outside London? Yes, there is. And it is vibrant!

Mobile contactless transactions in the UK topped £370 million ($476 million) in the first six months of 2017, a whopping 336% year-on-year increase, according to the latest transaction data from payments processor Worldpay. Banking Technology‘s sister publication Paybefore reports that although the use of mobile devices to make in-store payments has been growing steadily since […]

Top fintech stories this week – 11 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Vantiv and Worldpay agree on $10.4bn merger

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Vantiv and Worldpay each reported double-digit profit growth and announced that their respective boards have agreed to an £8 billion ($10.4 billion) merger. The combined company, which will be called Worldpay, will be valued at approximately £22.2 billion ($28.8 billion).

Top fintech stories this week – 7 July 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Vantiv and Worldpay agree on key points of potential merger

Vantiv and Worldpay to merge

Vantiv, a US-based payment processing and technology provider, and Worldpay, its counterpart in the UK, have reached “an agreement in principle on the key terms of a potential merger”.

Worldpay marks the PoC for VR payments

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Researchers at Worldpay are investigating how shoppers can pay using a credit or debit card while remaining within a virtual environment. As part of its real ambitions, the payments firm has created a proof of concept (PoC), with the aim to provide the “same levels of convenience, and security” that shoppers have in-store and online, […]

New name in the UK challenger bank space – ClearBank

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The bustling UK challenger bank scene has grown by another addition, ClearBank. It is a brainchild of Nick Ogden, founder and former CEO of WorldPay.

Worldpay launches IoT hackathon

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Global payments provider Worldpay has teamed up with Consult Hyperion, MongoDB and Visa Europe Collab to host its first internet of things (IoT) hackathon in London in September. The event aims to foster innovation and encourage participants to apply technology to integrating payments. Two themes will flow through the 48-hour hackathon – the “Smart City” […]

Worldpay revenue rises, heads down under with Australia licence

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Global payments provider Worldpay reported a 10% rise in revenue to £2.1 billion for the six months to the end of June, and is expanding in Australia after winning its licence to process payments. Despite recently suffering two weeks of turmoil, which saw millions of payments affected through one of its gateways, the company’s revenue […]

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