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LSE posts interim Q1 results ahead of $1.6bn rights issue to fund Russell acquisition

London Stock Exchange Group is publishing interim results for the three months ended 30 June 2014 (Q1), to provide latest financial information in connection with the Group's proposed acquisition of Frank Russell Company and associated fully underwritten rights issue.

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Bitcoin startup Chain raises $9.5m

Today, we’re pleased to announce that Chain has closed a $9.5M round of funding led by Khosla Ventures, who are joined by return backers RRE Ventures, Thrive Capital, and SV Angel.

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SIX posts H1 operating income rise

SIX increases its results in the first half of 2014 thanks to significant operational progress.

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Square scores investment to extend cash advance service

Square is ramping up its small business financing programme after securing investment from Victory Park Capital.

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Life.Sreda leads SumUp funding round

European mPOS contender SumUp has closed a "double digit million dollar" series c financing round led by Russian fintech venture capital fund Life.Sreda.

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Heartland buys mPOS outfit Leaf

Payment processing giant Heartland Payment Systems has acquired Leaf, a Boston-based mPOS start-up with its own purpose-built tablet. Financial terms of the deal were not disclosed.

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Markit beats forecasts with first public results

Financial data outfit Markit beat market estimates in its first set of reports as a public company, recording an 11% rise in second quarter revenues.

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ACI Worldwide closes ReD acquisition

ACI Worldwide (ACIW), a leading global provider of electronic payment and banking solutions, announced today that it has completed the acquisition of Retail Decisions (ReD), a leader in fraud prevention solutions.

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Rocket Internet scores EUR333m investment for emerging markets payments push

German Internet-focused VC and incubator Rocket Internet has sold a 10% stake to Philippines-based telco PLDT for EUR333 million in a deal that will also see the two firms team on building online and mobile payments services in emerging markets.

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Square buys food delivery outfit Caviar

Payments firm Square is diversifying through the acquisition of San Francisco-based food delivery service Caviar. The deal is thought to be worth around $90 million in stock.

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CME Group to buy Trayport and Fenics from GFI Group

Exchange operator CME Group has agreed a deal to buy the Trayport and Fenics trading technology units from GFI Group in a deal worth around $655 million.

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Dancing with Unicorns: Top VCs ramp up fintech investment activity

Fintech deal activity by the world's biggest venture capital firms has grown 61% from 2010 to 2013, according to data from CB Insights.

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Online lender AvantCredit raises $75m

AvantCredit, a Chicago-based online consumer lender, has raised $75 million in a series c funding round led by Tiger Global Management and secured a $200 million credit facility.

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Funding running dry for payments startups as new entrants struggle to gain ground

Venture capital interest in payment industry startups appears to be on the wane as investors wise up to the difficulties of achieving scale in a complex, competitive market.

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Facebook tests 'buy' button; Twitter buys CardSpring

Facebook has begun testing a 'buy' button which lets users purchase products advertised on the social network. Meanwhile, Twitter is also stepping up its commerce game, acquiring payments outfit CardSpring.

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Funding Circle raises $65m; adds former Wachovia boss to board

Funding Circle, a UK-based online marketplace for business loans, has raised $65 million in a series d financing round led by Index Ventures. In addition, the firm has added former Wachovia CEO Robert Steel to its board.

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Bitcoin vault outfit Elliptic raises $2m

Elliptic, a UK startup behind an insured bitcoin storage service, has raised $2 million in a seed funding round led by Octopus Investments.

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Bloomberg buys RTS Realtime Systems

Bloomberg has acquired market connectivity and trading technology firm RTS Realtime Systems. Financial terms of the deal were not disclosed.

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Monitise slashes revenue outlook

Shares in Monitise plunged by more than 15% in morning trading after the mobile money firm cut its full year revenue growth forecast for the second time.

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Digital challenger Atom Bank scores investment

British digital banking startup Atom Bank has secured a six-figure investment from Newcastle-based Middleton Enterprises.