Top

Tag: B2B


Activity, Investment Banking

B2B paytech Finexio secures $35m Series B at $100m valuation

October 26, 2022

Via: FinTech Futures

The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation and saw participation from banking giant JP Morgan, which came in with the largest investment. Existing investor Patriot Financial Partners and new investors Discover Financial Services, […]


Activity, Corporate Banking

B2B payments and financing platform Tribal lands $60m Series B to support LatAm expansion

February 7, 2022

Via: FinTech Futures

The round also saw participation from Coinbase Ventures as well as existing investors BECO Capital, QED Investors and Rising Tide. Tribal is a B2B payments and financing platform for emerging markets. It initially launched its beta spend management platform to […]


Activity, Corporate Banking

Tinkoff adds to business ecosystem with Jump.Finance

November 30, 2021

Via: FinTech Futures

The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services SMEs and large businesses. Jump.Finance will be integrated into the Tinkoff Business ecosystem and retain its current team, including co-founders Mikhail Kirichenko and Anton […]


Activity, Channels, Corporate Banking

Goldman Sachs, AmEx debut corporate payments service

October 20, 2021

Via: Payments Dive

American Express and Goldman Sachs announced a collaboration on Wednesday to offer AmEx’s virtual cards through Goldman’s corporate banking platform, Goldman Sachs Transaction Banking (TxB). The new digital offering aims to make business-to-business (B2B) payments easier and more streamlined for […]


News

PayPal increases transaction fees between UK and Europe

September 10, 2021

Via: Banking Technology

Payments moving between the UK and the European Economic Area (EEA) will be hit with a 1.29% fee, a rise from the usual 0.5% currently paid. PayPal has placed blame for the decision on rising operating costs and increased interchange […]


Activity, Channels, Corporate Banking

How Square’s Afterpay purchase advances its small-business banking goals

August 18, 2021

Via: Payments Dive

Square’s acquisition of buy-now-pay-later (BNPL) firm Afterpay will further entrench the payment provider’s tools with small-business and consumer-banking clients, a move that should concern some traditional financial institutions, industry observers said. The $29 billion deal, which Square announced this month, […]


Channels

Fiserv partnership with Goldman Sachs brings initial B2B payments offering

August 2, 2021

Via: FinTech Futures

This is a B2B facility for domestic and foreign currency payments. Fiserv clients will be able to execute cross-border payments natively within their existing accounts receivable and accounts payable solutions from Fiserv, via Goldman Sach’s payments suite. Goldman Sachs will […]


Channels

Can Banks Afford to Be Short-Sighted With Real-Time Payments?

July 22, 2021

Via: Bank Director

The industry’s payments ecosystem is developing rapidly in response to increasing consumer demand for faster, smarter payments. The need for real-time payments was accelerated by the global pandemic — but most banks are moving far too cautiously to respond to […]


Activity, Channels, Corporate Banking

Goldman Sachs taps Visa for cross-border payment upgrade

June 7, 2021

Via: Payments Dive

Cross-border payments have long been complicated, slow, and expensive for businesses, with a labyrinth of correspondent banks, compliance requirements and entrenched systems often bogging down the movement of money. Lately, digitization of services and new software tools have set off […]


News

Visa expands reach of fintech partnership program

May 26, 2021

Via: Payments Dive

Card network giant Visa is expanding an effort to get banks and fintechs in its ecosystem to work together with the goal of ultimately generating more business for all. The company said in a press release today that it’s expanding […]


Capital and Risk, Operational

Bank of America CTO: Cyberattacks on banks “surged” during pandemic

May 5, 2021

Via: FinTech Futures

The bank’s global information-security unit spends the majority of this budget on staff and technology. Bessant added in a briefing on Monday, as reported by American Banker, that cyberattacks have surged “dramatically” during the pandemic. “Criminals are by definition very […]


Activity, Investment Banking

Nigerian fintech Appzone lands $10m for pan-African digital core banking solution

April 13, 2021

Via: FinTech Futures

Alongside CardinalStone, a private equity investment firm focused on Nigeria and Ghana, the round also garnered funds from V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures. The fintech says the fresh capital injection will bolster investment in […]


News

Global fintech M&A round-up Q1 2021

April 2, 2021

Via: FinTech Futures

Whilst some big deals announced last year never came to fruition in these early months – including Visa’s $5.3 billion acquisition of Plaid, and crowdfunding platforms Crowdcube and Seedrs – plenty of other deals emerged to take their place. Here’s […]


Channels

PayPal CFO: Pandemic has created ‘inflection point’ for digital payments

March 5, 2021

Via: Payments Dive

PayPal has been one of the few benefactors of the COVID-19 landscape, as consumers were forced to pivot from in-person contact and conduct most transactions virtually. But the company isn’t lowering its expectations as the end of the pandemic grows […]


Channels

US-based paytech Modern Treasury raises $38m in Series B

January 26, 2021

Via: Banking Technology

The company says its payment operations and treasury management solutions have experienced “explosive growth”. The software enables users “to instantly close books with continuous accounting, manage payments and banking through a single platform, and have complete cash visibility”. Last year, […]


Regulations

Visa and Plaid call off $5.3bn merger after US regulatory pressure

January 13, 2021

Via: FinTech Futures

The US Department of Justice (DOJ) filed a civil antitrust lawsuit against the merger back in November. It alleged that Visa’s reason for acquiring Plaid was to take a future competitor out of the market. Now all parties have all […]


Activity, Corporate Banking, Regulations

2020 review: A year which saw fintechs cut jobs, pay & business arms

December 29, 2020

Via: FinTech Futures

Alternative lenders struggled through long accreditation processes and dried up reserves, before eventually taking on loans which carry the potential risk of high default rates. Neobanks could no longer rely on interchange fees as a main source of income, prompting […]


Uncategorized

Nasdaq plans cloud migration for all 28 markets by 2030

September 21, 2020

Via: Banking Technology

The exchange operator’s data warehouse already sits on Amazon Web Services (AWS). In March, messaging traffic surged as demand for orders, quotes, trades and other market data rocketed. Peterson told WSJ that Nasdaq repeatedly saw daily peaks of more than […]


Activity, Corporate Banking

Deutsche Bank to create new international private bank

June 15, 2020

Via: Banking Technology

The bank hopes to target 3.4 million clients through the new entity, merging its global wealth management clients across Germany, Europe, the Americas, Asia and the Middle East and Africa, along with private clients and small and medium-sized enterprises (SMEs) […]


Activity, Investment Banking

Visa invests in cloud-based analytics platform GoodData

May 21, 2020

Via: Banking Technology

The investment is part of a bigger strategic partnership which will see the US card issuer giant co-create data products with the cloud-based firm. The move is part of Visa’s wider play to provide its users with better access to […]