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FinTech Acquisition Corp builds $100 million war chest

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FinTech Acquisition Corp builds $100 million war chest

A shell company formed for the purpose of acquiring a foothold in the hot fintech space has raised a $100 million war chest through an issue of ten million shares.

Samsung prepares for Apple Pay battle with LoopPay acquisition

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Samsung prepares for Apple Pay battle with LoopPay acquisition

Samsung has agreed a deal to buy mobile wallet outfit LoopPay, giving the electronics giant a new weapon in its brewing battle with Apple for the m-payments market. Financial terms have not been disclosed.

Monitise losses widen as suitors circle

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Monitise losses widen as suitors circle

UK mobile banking company Monitise says it has had positive discussions with potential suitors as it reports widening losses and an eight percent decline in revenues for the first half of the year.

CommBank buys South African tech outfit Tyme

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CommBank buys South African tech outfit Tyme

Commonwealth Bank of Australia is on the prowl for tech acquisitions after paying A$40 million for South African digital banking outfit Take Your Money Everywhere (Tyme).

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Bill.com raises $50 million

Bill.com, the leading company creating magically simple business payments, today announced it has closed a $50 million financing round.

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Thomson Reuters revenue stagnates

Thomson Reuters (TSX / NYSE: TRI) today reported results for the full year and fourth quarter ended December 31, 2014.

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First Data leads $11.1 million MineralTree funding round

MineralTree, the accounts payable (AP) and payment automation solution provider for growing companies, today announced an $11.1 million Series B investment led by First Data, the global leader in payment technology and services solutions.

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Markit posts double-digit growth in revenue and earnings

Markit Ltd. (MRKT), a leading global diversified provider of financial information services, today announced financial results under International Financial Reporting Standards (IFRS) for the fourth quarter and full year ended December 31st 2014.

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Cyber-threat startup Digital Shadows secures $8 million investment round

Cyber intelligence company Digital Shadows has today announced it has secured US$8 million of investment in a new funding round.

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Western Union returns to revenue growth in money transfer business

The Western Union Company (NYSE: WU) today reported financial results for the 2014 fourth quarter and full year, and its financial outlook for 2015.

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NCR results in line with revised guidance

NCR Corporation (NYSE: NCR) reported financial results today for the three months ended December 31, 2014.

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Xoom reports strong fourth quarter

Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced financial results for the fourth quarter and full year 2014.

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First Data moves back into the black

First Data Corporation today reported financial results for the fourth quarter ended December 31, 2014. Consolidated revenue for the fourth quarter was $2.9 billion, the highest since First Data's privatization in 2007 and up 3% versus the prior year period.

Temenos buys US software provider Akcelerant

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Temenos buys US software provider Akcelerant

On the day it reported a fall in fourth quarter revenues, Swiss core banking vendor Temenos has acquired US financial software provider Akcelerant for $50 million in cash.

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Asset-backed lending startup Borro raises $19.5 million

Borro, an online platform for luxury asset-backed lending, today announced it has raised $19.5 million in funding, led by OurCrowd and Rocket Internet.

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Icap Q3 revenue dips

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today its trading statement for the period from 1 October 2014 to 31 December 2014. Results for the year ended 31 March 2015 will be announced on 19 May 2015.

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UK’s tech businesses set to grow four times faster than GDP in 2015 - Barclays

Barclays’ Fast Growth Tech survey, which questioned owners and CEOs of UK tech firms1, has revealed that many of the industry’s bright lights are feeling confident about delivering a stellar year of growth in 2015.

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SimplyTapp scores $2.5 million funding from Mozido

SimplyTapp, the leading provider of Host Card Emulation (HCE) solutions for cloud-based mobile payments, today announced it has raised an additional $2.5M of their Series B financing round from Mozido, elevating the total amount of funding raised to $10.1M.

Visa Europe to spend EUR200 million on digital payment technologies

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Visa Europe to spend EUR200 million on digital payment technologies

Visa Europe is to invest more than EUR200 million in new payment technologies to accelerate the growth of digital payments after reporting record transaction volumes for 2014.

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Gresham in line with revised forecasts; recurring revenue up

Gresham, the leading software and services company that specialises in providing real-time financial transaction control software to the global matching and reconciliation market, provides the following update on trading for the year ended 31 December 2014 ("FY 2014").

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