Velo Payments to acquire payment processing platform YapStone
The acquisition is subject to regulatory approvals and customary closing conditions.
The acquisition is subject to regulatory approvals and customary closing conditions.
Manohar Chadalavada is leaving the bank to be the co-founder of a fintech start-up currently in stealth.
Under the terms of the deal, W2 will now trade as ‘W2 by FullCircl’.
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The $6 million deal is to be completed via an all-stock transaction by September.
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The company attributed the performance to hiring costs and US competition.
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The fintech landed $20 million in a Series A funding round in June 2022.
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The acquisition will enable Matera’s clients to enhance their sales capabilities through actionable insights.
Frank Zhang, “a fintech, ISO standard certification and sustainability veteran”, will lead the new subsidiary.
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The SEC has leveraged 30 enforcement actions to date against firms failing to comply with recordkeeping requirements.
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The company has now raised more than $150 million to date.
The transaction is subject to all necessary approvals, and is expected to be finalised in Q4 2023.
The UK’s largest banks and building societies have until 25 August to supply the information.
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The round was led by Westbridge Capital, Accel, Tanglin Ventures, Beams Fintech Fund and other strategic investors.
The Italian parliament has 60 days to bring the proposed tax into law.
The integration is also set to extend to Naga’s e-payments solution, Naga Pay.
The move is part of Block’s plans to reduce brand spending.
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