Latest Findex News: Finextra Research

Discover invests in loyalty rewards start-up Buzz Points

Discover Financial Services has invested in Buzz Points as part of a $19 million funding round for the loyalty rewards outfit.

02 April 2014

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Bottomline to buy customer acquisition specialist Andera

Bottomline Technologies has struck a deal to buy customer acquisition software provider Andera in a cash and stock deal worth around $48 million.

01 April 2014

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Estimize raises $1.2m; unveils crowdfunded M&A predictions platform

Estimize, a US start-up that pools members' forecasts for earnings results at listed companies, has raised $1.2 million in funding and launched a crowdsourced mergers and acquisitions predictions platform.

27 March 2014

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Former Swift CEO Schrank joins Circle funding round

Digital currency start-up Circle Internet Financial has closed a $17 million funding round, including an investment from former Swift chief executive Leonard Schrank.

26 March 2014

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POS start-up Vend secures $20m funding

New Zealand-based online point-of-sale software vendor Vend has scored US$20 million in a funding round led by PayPal co-founder Peter Thiel's Valar Ventures and Square Peg Capital.

25 March 2014

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MasterCard joins £109m Monitise share-placing

Monitise has raised around £109 million in a share-placing which sees MasterCard take a minority stake in the mobile money firm.

25 March 2014

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Tungsten seeks approval for bank buy-out

Invoice financing roll-up Tungsten says it expects to take full control of the UK arm of First International Bank of Israel (Fibi) within the next two months, after formally submitting an application for change of control to the UK's Prudential Regulation Authority and the Financial Conduct Authority.

25 March 2014

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AmEx invests in Indian mPOS startup Ezetap

Bangalore-based Ezetap has secured investment from American Express to help it bring mPOS technology to Asia and Africa.

20 March 2014

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Advent and Bain in talks to buy Nordic payments firm Nets - Reuters

Advent International and Bain Capital are in exclusive talks to buy Nordic payments company Nets for more than EUR2 billion, according to Reuters.

18 March 2014

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Liquidnet moves into fixed income market through Vega-Chi acquisition

Institutional trading network Liquidnet is moving into the fixed income market through the acquisition of bond trading platform Vega-Chi. Financial terms of the deal were not disclosed.

18 March 2014

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Lemon co-founder raises $20 million for bitcoin vault start-up

Xapo, a bitcoin wallet and cold-storage vault start-up established by former Lemon founder Wences Casares, has raised $20 million in Series A funding led by Benchmark, with Fortress Investment Group and Ribbit Capital.

14 March 2014

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Remittance hots up as WorldRemit and Azimo secure multi-million dollar funding rounds

WorldRemit, a London-based online money transfer service, has secured a $40 million series a investment from Accel Partners to help it muscle into the huge global remittance market.

12 March 2014

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WestPac fund buys stake in Oz P2P lending platform SocietyOne

Westpac's new venture capital fund has taken a A$5 million stake in Australian peer-to-peer lending platform SocietyOne.

11 March 2014

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MTS agrees Bonds.com acquisition

London Stock Exchange-owned fixed income marketplace MTS has agreed to buy Bonds.com, a US-based platform for the electronic trading of corporate and emerging market bonds.

06 March 2014

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Barclays Africa buys stake in South African P2P lender RainFin

Barclays Africa (formerly Asba) has acquired a 49% stake in South African peer-to-peer lending marketplace RainFin. Financial terms were not disclosed.

05 March 2014

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Edelstein invests in Algomi

Capital markets STP veteran and former chairman and CEO of BondDesk, Howard Edelstein has joined Algomi as a 'strategic advisor' and taken an equity stake in the two-year old fixed income liquidity discovery start-up.

04 March 2014

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Earthport boasts confident outlook as BAML comes onstream

AIM-listed low value payments network Earthport is reporting first half revenue growth of 88% to £3.32 million to end-December 2013, boosted by the recent acquisition of FX broker Baydonhill.

03 March 2014

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MasterCard adds in-app payments to MasterPass; buys m-wallet firm C-Sam

MasterCard has added in-app payments to its MasterPass digital wallet as it bids to grab a slice of a fast-growing multi-billion dollar industry.

24 February 2014

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BBVA buys Simple for $117m

US digital banking start-up Simple has sold out to Spain's Banco Bilbao Vizcaya Argentaria (BBVA) for $117 million in cash.

20 February 2014

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Compliance tech specialist Strevus raises $5.6m in series a funding

Strevus, a San Francisco-based startup providing data sharing risk and compliance management technology to financial service institutions, has raised $5.6 million in a series a funding round led by Blumberg Capital.

19 February 2014