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Affirm strikes $4bn loan deal with Sixth Street

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Sixth Street, a leading global investment firm, today announced that they have entered into a long-term capital partnership whereby Sixth Street through its Asset Based Finance platform will invest up to $4 billion by purchasing Affirm loans in a unique AssetCo structure pursuant to a three year, forward flow agreement.

/retail

CU Financial Group and Sure launch digital insurance platform for credit unions

Sure, the insurance technology leader that unlocks the potential of digital insurance, today announced it has partnered with CU Financial Group, LLC (CUFG) to launch SimpleQuote, a new digital insurance solution that will enable credit unions to offer their members seamless access to insurance.

/retail

Payment Cards Group and Black Bear Merchant Services set up AbbyPay brand

The Payment Cards Group Limited (“PCG”), a cloud-native payment processor and acquirer, and Black Bear Merchant Services Limited (the holding company of BBMSL Limited “BBMSL”) are pleased to announce the signing of a strategic alliance to establish a new brand and group holding company, ABBY Pay&Tech Holdings Limited (“AbbyPay”).

/retail

Bitget sets up European hub

Bitget, the world’s leading cryptocurrency exchange and Web3 company, is exploring the establishment of its Europe regional hub in Lithuania as part of its strategic expansion in the European Union.

/retail

Mesh Payments teams up with SoFi Bank and Galileo

Mesh Payments, an innovator in global travel and expense management, has joined forces with SoFi Bank as its sponsor bank and with Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI) as its longtime payments processor.

/retail

GoAuto selects One Inc for insurance payments

One Inc, the leading payments network for the insurance industry, announced today that GoAuto Insurance (GoAuto), has selected One Inc’s ClaimsPay® and PremiumPay® products for a fully integrated and digitized policyholder payment experience.

/retail

Student loan assistance fintech Paidly closes Series A

Paidly Inc., a financial technology company revolutionizing the approach to student loan assistance, announces the successful closing of its Series A funding round with S30Build, LLC.

/retail

Nuvei brings Google Pay to LatAm

Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, today announces the expansion of its global partnership with Google to integrate Google Pay, an option now available for merchants across Latin America (LATAM).

/retail

Kuady extends footprint in Ecuador and Argentina

Kuady, a leading payments service processor, has announced significant strides in its Latin American expansion, with the introduction of its digital wallet services in Ecuador and the launch of its virtual prepaid Mastercard in Argentina.

/retail

Mastercard brings Apple Pay to customers in Egypt

Mastercard, in collaboration with the Central Bank of Egypt (CBE) and Egyptian Banks Company (EBC), brings Apple Pay to users in Egypt, providing a safer, more secure and private way to pay in-store, in-app and online.

/retail

N26 adds ready-made funds from BlackRock to investment offering

N26 today announced the launch of Ready-Made Funds, a new offering added to its existing Stocks & ETFs trading product designed to make investing easier and more accessible than ever before.

/retail

Grab selects AWS as preferred cloud provider

At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), and Grab, Southeast Asia’s leading superapp (NASDAQ: GRAB), announced that Grab has selected AWS as its preferred cloud provider.

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