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Tag: B2B


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 […]


Activity, Corporate Banking

JPMorgan is first US bank to serve crypto exchanges as banking clients

May 13, 2020

Via: Banking Technology

It’s the first time the US banking giant has taken on crypto clients. The exchanges were approved in April as customers under the bank’s corporate and investment division, and are now starting to process transactions through the bank, per the […]


Activity, Corporate Banking

Goldman Sachs-backed fintech Flywire cuts 12% of workforce

May 11, 2020

Via: Banking Technology

The Boston-based start-up has laid off 60 of its employees and is putting a further 16 workers on part-time contracts which run until the end of this year. Flywire, which was founded in 2009 and has a total 540 employees […]


Uncategorized

Apple Card fees pinch retailers’ profits this Christmas

December 12, 2019

Via: Banking Technology

Because the fees incurred by these elite cards are part of the cost of accepting credit cards, it’s the merchant which has to fork out to cover it rather than the consumer. The reason for the higher fees is down […]


Uncategorized

Norway’s largest bank set to monopolise country with all-access mobile banking app

October 9, 2019

Via: Banking Technology

Last year DNB and Danske Bank became co-owners of the fintech. Now this joint acquisition is seeing Oslo-based DNB seek the “favoured” spot for Norway’s mobile banking app champion. “With access to every bank in Norway, DNB can now digitally […]


Uncategorized

Visa and Billtrust team to digitise US B2B payments with Business Payments Network

November 5, 2018

Via: Banking Technology

The new project builds on the “strategic relationship” by the two firms embarked on in 2017. It started with the integration of Billtrust’s Virtual Card Capture and Visa’s Straight Through Processing solution. “Billtrust’s BPN will further the multipronged strategy Visa […]


Activity, Investment Banking

Citi and PNC invest in B2B payments outfit HighRadius

February 15, 2018

Via: Finextra

Citi Ventures and PNC have made strategic investments in business-to-business payments and receivables software provider HighRadius. Terms were not disclosed. HighRadius operates in an area where banks and enterprises recognise that receivables management has to address the 50% of B2B […]


Uncategorized

B2B payments platform PayStand closes $6m Series A round

November 16, 2017

Via: Finextra

PayStand, the B2B payment platform for the future of business, today announced a $6M Series A round led by BlueRun Ventures with participation from Cervin Ventures, Serra Ventures, TiE and Capital for Founders. “With technology advanced enough to give us […]