PayCargo lands $125m in Series B investment from Insight Partners
Freight payments firm plans product development with new windfall.
Freight payments firm plans product development with new windfall.
The product has been developed by recent AmEx acquisition Kabbage.
Stripe Identity aims to help online businesses prevent fraud when accepting payments.
In addition to money, faster payments are also about instant connectivity, precision, transparency and certainty.
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FIS’ Systematics legacy tech out, Modern Banking Platform in, at BMO Harris Bank.
The Cleveland bank aims to reduce infrastructure costs by moving to the cloud.
Mastercard partners with FinGo following Visa’s deal with ADIB.
The investment is the largest ever for a payments company in Mexico.
Anil Saboo leaves after three years at the Big Tech.
The Canadian bank plans to move strategic internal workloads to AWS.
Purohit has previously worked in leadership roles at RBL, Barclays and JPMC.
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The US-based firm will also become the largest shareholder in the company.
The Start Path programme aims to support traditionally underrepresented fintech founders.
The firm has now raised $91 million in total.
The BNPL firm claims it is now valued at $45.6 billion.
White replaces Galileo founder Clay Wilkes who will switch to vice chair.
The US-based fintech also announced the acquisition of Zingo, a fintech software services start-up.
The partnership aims to streamline the bank’s existing systems for both commercial and corporate clients.
The two parties claim the deal will be finalised later this year.
The three-judge panel said NYDFS failed to show it had suffered “actual or imminent injury”.
The transaction is expected to close early in the third quarter of 2021.
Kamran Haidari joins as CTO and Braulio Lam will lead product innovation as CPO.
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The Brazilian digital bank’s Series G funding round has now topped $1.15 billion.
The deal sees ID R&D shareholders receiving $49 million in Mitek stock and cash.
The identity verification firm has now raised $474m in total.
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
Funds from the raise will be used to support Wayflyer’s product development and international expansion.
The US-based service is available in the UK and Spain and expects to launch in more European countries soon.
The user says Afterpay doesn’t educate customers about the bank’s overdraft fees
The company claims the funds will allow it to meet “significant global demand”.
Deal forms part of the US bank’s multi-cloud strategy.
The investments are part of its $535 million commitment to those without access to banking.
Synctera aims to facilitate partnerships between community banks and fintechs.
Mark Lawrence joins the scale-up to grow its business in the US and beyond.
The bank-led initiative uses the platform from London-based firm Finteum.
The Series A funding round is claimed to be the largest to date for a fintech in Latin America
US payments firm plans to create a unified platform combining all three.