Articles with tag: investment

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African startup Chipper Cash raises USD 30 mln Series B funding round

News | Mobile Payments | 19 Nov 2020

African cross-border fintech startup Chipper Cash has raised USD 30 million in a Series B funding round led by Ribbit Capital with participation of Bezos Expeditions – the personal VC fund of Amazon CEO Jeff Bezos.

Chipper Cash, funding, Africa, Series B funding round, Ribbit Capital, Bezos Expeditions, Jeff Bezos, mobile payments, P2P payments, merchants, payment solutions, crypto-currency trading, investment services

Modulr receives investment from PayPal Ventures

News | Payments General | 18 Nov 2020

Modulr, a Payments as a Service API platform, has secured a GBP 9 million investment from PayPal Ventures to develop additional products, grow its team and expand its customer base.

Modulr, investment, PayPal Ventures, payments

PNC nears deal to acquire BBVA's US banking arm for more than USD 10 billion

News | Payments General | 16 Nov 2020

PNC Financial Services Group is nearing an all-cash deal to buy the US business of Spanish banking group BBVA for more than USD 10 billion, according to Reuters.

PNC Financial Services Group, BBVA, banking, acquisition, US, investment, financial services

EIB offers EUR 7.8 bln in support for businesses

News | E-invoicing, SCF & E-procurement | 13 Nov 2020

The European Investment Bank (EIB) has approved EUR 7.8 billion of new financing to support investment by business impacted by COVID-19.

European Investment Bank, supply chain finance, trade finance, COVID-19, Europe, SME, funding, debt financing

AI fintech startup ilumoni raises USD 450,000

News | Online & Mobile Banking | 13 Nov 2020

lumoni, the fintech startup helping people to borrow and save on unnecessary interest and time in paying off debts, has raised USD 450,000 pre-seed investment.

ilumoni, investment, Open Banking, fintech, data, borrowing, UK

Xinja to finalise the funding deal with World Investment Group

News | Online & Mobile Banking | 10 Nov 2020

Australia-based neobank Xinja has announced that it is working closely with Dubai-based World Investment Group (WIG) to finalise the AUD 433 million funding deal announced in March 2020.

Xinja, World Investment Group, online banking, fintech, neobank, Australian Prudential Regulation Authority, investment, Australia

Farfetch, Alibaba and Richemont partner to accelerate luxury sector digitisation

News | Ecommerce | 09 Nov 2020

Farfetch, Alibaba Group and Compagnie Financière Richemont (Richemont) have announced a strategic partnership to open up shopping channels for luxury brands on the Chinese market.

Farfetch, Alibaba, Richemont, Artémis, China, Asia, partnership, investment, luxury brands, cross-border marketplace, ecommerce

Online SME lender Funding Circle acquires GBP 30 mln from British Business Investments

News | E-invoicing, SCF & E-procurement | 09 Nov 2020

Funding Circle, an SME lender that facilitates loans in both the US and parts of Europe, has acquired GBP 30 million in capital from British Business Investments.

SME, Funding Circle, British Business Investments, investment, lending

Flipkart to invest in USPL to enhance its fashion portfolio

News | Ecommerce | 06 Nov 2020

Flipkart has announced a strategic investment in USPL, a premium youth-focused fashion brand house, as the company strengthens its fashion portfolio.

Flipkart, investment, USPL, India, fashion portfolio, ecommerce, marketplace, Series F funding, Accel Partners

EML FINLAB to invest in Hydrogen

News | Payments General | 05 Nov 2020

EML PAYMENTS has made an initial investment via its FINLAB hub in US-based innovative embedded finance and international payments platform Hydrogen.

EML, FINLAB, Hydrogen, payments, investment, partnership, international payments, financial institutions, cards, fintech, API, REST-based

AnaCap invests EUR 300 mln for 60% of Carrefour' payments platform

News | Payments General | 05 Nov 2020

Carrefour has decided to offload a majority stake in its digital payments platform Market Pay to AnaCap Financial Partners.

AnaCap, Carrefour, payments platform, Market Pay, digital payments, Europe, investment, COVID-19, ecommerce

tabby partners with Salla to expand Saudi Arabia presence

News | Ecommerce | 05 Nov 2020

UAE-based buy now pay later solution provider tabby has partnered with Saudi Arabia-based ecommerce platform Salla to expand its presence in the Saudi Arabia.

tabby, Salla, UAE, Saudia Arabia, MENA, partnership, expansion, ecommerce, buy now pay later, investment round

EML Payments invests in Interchecks Technologies

News | Payments General | 04 Nov 2020

Australia-based EML Payments, through its new FINLAB Fintech incubator, has made a strategic investment in payout startup Interchecks Technologies, according to Verdict.

EML Payments, investment, Interchecks Technologies, expansion, payout, payments

German lender DEG invests in supply chain fintech LivFin

News | E-invoicing, SCF & E-procurement | 04 Nov 2020

SME-focused supply chain fintech player LivFin has raised Rs 35 crore in equity investment from German development lender DEG for an undisclosed shareholding.

DEG, investment, supply chain finance, fintech, LivFin, invoice finance, India

Alibaba to invest nearly USD 300 mln in online fashion retailer Farfetch

News | Ecommerce | 03 Nov 2020

Alibaba has initiated advanced talks to invest nearly USD 300 million in online luxury fashion retailer Farfetch.

Alibaba, investment, luxury fashion retailer, Farfetch,, Tencent Holdings, luxury goods purchases, retail

StockRepublic, Enfuce to provide Open Banking investment application

News | Payments General | 03 Nov 2020

Swedish open investment platform StockRepublic and European fintech Enfuce have partnered to provide a fund and stock solution for established financial institutions.

PSD2, open banking, partnership, investment app, StockRepublic, Enfuce, fintech, premium APIs

Icon Solutions secures strategic investment from J.P. Morgan

News | Payments General | 29 Oct 2020

Icon Solutions, the provider of payment solutions and consultancy services, has announced a strategic investment from J.P. Morgan. 

Icon Solutions, investment, J.P. Morgan, payments

Westpac sells its stakes in Zip

News | Payments General | 28 Oct 2020

Australia-based bank and financial services provider Westpac has sold its stake in the buy-now-pay-later firm Zip.

Westpac, Zip, Australia, BNPL, stake, investment, banking

Google, Temasek to invest USD 350 mln in Tokopedia

News | Ecommerce | 26 Oct 2020

Google and Singapore-based state investment firm Temasek Holdings have agreed to invest USD 350 million in Tokopedia, an Indonesia-based ecommerce company.

Google, Temasek, Tokopedia, Indonesia, investment, ecommerce, marketplace

HSBC, Queensland to invest for Great Barrier Reef protection

News | Payments General | 22 Oct 2020

Australia's Queensland state and HSBC have announced plans of investment to protect the world-heritage listed Great Barrier Reef which is suffering from extensive coral bleaching events.

HSBC, Australia, Queensland, investment, Great Barrier Reef, Reef Credits