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Tencent and Mastercard join $13m Airwallex funding round

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Tencent and Mastercard join $13m Airwallex funding round

Australian cross-border payments firm Airwallex has raised US$13 million in a Series A funding round led by Chinese Internet giant Tencent and joined by Mastercard.

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Cristóbal Conde invests in Lifescale

Lifescale Limited (“Lifescale”) is pleased to announce an investment from Mr. Cristóbal Conde, an active early-stage investor and former President and CEO at SunGard, a leading global software provider to the financial services industry.

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PayPal posts healthy Q1

Global technology platform and digital payments leader PayPal Holdings, Inc. (Nasdaq:PYPL) today announced first quarter results for the period ended March 31, 2017.

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BearingPoint invests in Nordic InsurTech startup Tribe

As part of its Ventures activities, BearingPoint has invested in the Oslo-based start-up Tribe.

European fintech funding enjoys buoyant quarter while US market tanks

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European fintech funding enjoys buoyant quarter while US market tanks

VC funding to fintech companies in Europe spiked in Q1, while US deal activity cooled, according to the latest figures from CB Insights.

Stock trading app Robinhood raises $110m at $1.3bn valuation

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Stock trading app Robinhood raises $110m at $1.3bn valuation

Robinhood, the Silicon Valley startup behind a no-commission stock trading app, has raised $110 million in a Series C funding round that values the firm at $1.3 billion.

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Financial API manager Quovo raises $10 million

Quovo, a data platform providing insights and connectivity for financial accounts, today announced it has raised $10 million in Series B funding.

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Nasdaq reports record quarterly earnings

Nasdaq, Inc. (Nasdaq:NDAQ) today reported financial results for the first quarter of 2017.

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Overstock's Medici Ventures invests in Latin American bitcoin startup Ripio

Medici Ventures, a global leader in advancing blockchain technology, has added bitcoin consumer financial service platform Ripio to its portfolio of strategic blockchain-focused investments through participation in Ripio’s Series A financing.

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Thames Card Technology invests £2 million in new machinery

In response to increasing customer demand for its payments, gift, loyalty and membership card services, Thames Card Technology has invested £2m+ in state of the art personalisation equipment.

AccessPay sets sights on US market with £2 million debt financing

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AccessPay sets sights on US market with £2 million debt financing

Manchester, UK-based payments router AccessPay has secured £2 million in debt financing from Clydesdale and Yorkshire Bank amid plans for a recruitment drive and expansion into US markets.

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HCL to buy mortgage BPO firm Urban Fulfillment Services

HCL Technologies (HCL), a leading global IT services company, today announced an agreement to acquire Urban Fulfillment Services, LLC, (“UFS”), a provider of mortgage business process & fulfilment services.

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Tuxedo Money Solutions gets new owners

Global FinTech and Payment Solutions Provider, Tuxedo Money Solutions Ltd, has announced that it has new 100 per cent owners in Erik Fällström and Andreas H Tuczka, of Aldridge EDC Specialty Finance Partners ("AEDC"). The deal completed on 20th April, following the approval of the FCA.

National Bank of Canada acquires interest in Myanmar mobile money outfit Ongo

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National Bank of Canada acquires interest in Myanmar mobile money outfit Ongo

The National Bank of Canada has acquired a 22% stake in Ongo, a mobile money service with big plans for expansion in Myanmar.

Token raises $15.7 million as PSD2 approaches

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Token raises $15.7 million as PSD2 approaches

API-based transaction network Token has secured $15.7 million in Series A funding from major investors including Octopus Ventures, EQT Ventures and OP Financial Group as it bids to capitalise on opportunities from the forthcoming implementation of the PSD2 directive in Europe.

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Visa Q2 profits jump

Visa Inc. (NYSE:V) today announced financial results for the Company’s fiscal second quarter 2017, ended March 31, 2017.

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NCR positive on first quarter

NCR Corporation (NYSE: NCR) reported financial results today for the three months ended March 31, 2017.

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Allianz invests in Lemonade

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced a strategic investment by Allianz, the world's largest insurance company.

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Blockchain startup Factom raises $8m

Factom, Inc., a blockchain as-a-service (BaaS) technology company has closed their Series A funding at $8,029,796 USD following the launch of its mortgage product, Factom Harmony.

Ant Financial raises MoneyGram offer to $1.2bn

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Ant Financial raises MoneyGram offer to $1.2bn

Ant Financial has increased its bid to buy MoneyGram by 36%, to around $1.2 billion, in an effort to fight off competition from Euronet.

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