Findex

4073 articles tagged with this keyword

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CommBank posts bumper profits as tech investment pays off

Commonwealth Bank of Australia has credited investment in technology as a major factor in its impressive 14% rise in first half profits.

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P2P FX platform Kantox raises EUR6.5m

Kantox, a London-based peer-to-peer foreign exchange trading platform for SMEs and mid-caps, has raised EUR6.5 million in a series a funding round.

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PayNearMe raises $20m for cash payments network

PayNearMe, a start-up that lets Americans make purchases online and then pay with cash in real-world stores, has raised $20 million in a funding round led by GSV Capital.

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Birdback card-linked-offers platform scores £2.4 million funding round

Passion Capital has led a £2.4 million investment round in Birdback, a UK-based start-up that ties retailer loyalty programmes and discounted offers to consumer payment cards.

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Loyalty start-up Red Zebra scores SBT Venture Capital investment

London-based loyalty start-up Red Zebra Analytics has raised a seven-figure investment from fintech-focussed SBT Venture Capital.

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Monitise buys Turkish mobile money firm Pozitron Yazilim

Monitise has acquired Turkish mobile money outfit Pozitron Yazilim in an all share deal which could be worth up to £60 million.

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GoCardless raises $7m in series b funding

GoCardless, the UK start-up promising to simplify the way firms set up and accept online direct debits, has raised $7 million in a series b funding round led by Balderton Capital.

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Stripe raises $80m at $1.75bn valuation

Stripe has raised $80 million in a series c funding round which values the San Francisco-based payments start-up at $1.75 billion.

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EBay rebuffs calls to spin-off PayPal

EBay chief John Donahoe has rebuffed proposals from activist investor Carl Icahn that the company should spin-off PayPal to increase shareholder value.

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E-commerce, mobile and contactless driving growth at Visa Europe

Visa Europe says contactless payments uptake is exceeding expectations, with the chip card technology now available in twice as many countries as this time last year, while transactions have nearly tripled and terminals almost doubled.

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Sweden's Assa Abloy buys IdenTrust

Just months after buying IdenTrust, private equity firms Parallax Capital Partners and StepStone Group have offloaded the digital identity authentication firm to Swedish lock manufacturer Assa Abloy. Financial terms were not disclosed.

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Markit enters OMS arena with thinkFolio acquisition

Financial data outfit Markit is moving into the order management system (OMS) business with the acquisition of thinkFolio. Financial terms of the deal were not disclosed.

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'Wonga-for-business' Iwoca lands £5 million funding round

Iwoca, the london-based 'Wonga-for-business' short-term finance start-up has raised £5 million in equity and debt funding from Global Founders Capital and Redline Capital Management.

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JPMorgan takes equity stake in Chi-X Global

JPMorgan has acquired an equity stake in exchange group Chi-X Global.

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Swedish online payments firm Klarna buys rival Sofort

Swedish online payments firm Klarna is preparing to take on the likes of PayPal after acquiring German rival Sofort for around $150 million.

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PayPal buys mobile app specialist StackMob

PayPal has acquired StackMob, a San Francisco-based firm which helps developers build and manage their mobile applications. Financial terms of the deal were not disclosed.

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Amazon reportedly buys m-commerce firm GoPago

Amazon has acquired San Francisco-based mobile commerce outfit GoPago, according to press reports, putting it in competition with the likes of Square and PayPal.

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Coinbase scores $25 million funding round as VCs pile into bitcoin

Bitcoin wallet outfit Coinbase has raised $25 million in a funding round led by Andreessen Horowitz, with participation from existing investors Union Square Ventures and Ribbit Capital.

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IBM takes control of $1.3 billion ADTS business

IBM has taken a controlling stake in Associated Dexia Technology Services, which provides IT services to financial institutions formerly within the Dexia Group, including Belfius Bank, Belfius Insurance and Banque Internationale à Luxembourg.

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Banks sell 59% stake in SIA

The bank owners of Italian payments processor SIA have agreed to sell a 59.3% stake in the venture in a deal valuing it at around EUR765 million.