Posts From Fintech News America
Google Cloud Meets Digital Assets and Crypto Payments
Blockchain technology is yielding tremendous innovation and value creation for consumers and businesses around the world. As the technology becomes more mainstream, companies need scalable, secure, and sustainable infrastructure on which to grow their businesses and support their networks. Google
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Crypto Firm Fireblocks Raises US$550 Million, Now Valued at US$8 Billion
Fireblocks, a US-based platform that allows financial institutions to store, move and issue cryptocurrencies, has raised US$550 million in Series E funding, vaulting its valuation to over US$8 billion. The funding round, co-led by D1 Capital Partners and Spark Capital
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IMF Executive Board Concerned about El Salvador’s Chivo E-Wallet
The Executive Board of the International Monetary Fund (IMF) on January 24, concluded the Article IV consultation with El Salvador. The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a
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TransUnion Taps Spring Labs to Bring Credit Data to Public Blockchain Networks
Blockchain-based data-sharing platform Spring Labs announced that is bringing TransUnion’s identity and credit data on-chain to help accelerate Web 3 and DeFi adoption. The off-chain credit data from TransUnion, a global information and insights company, will be made available on
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MoneyGram Announces Minority Investment into Coinme
MoneyGram International announced that they have completed a strategic minority investment in Coinme, a cryptocurrency cash exchange in the U.S. This venture, which gives the Company an approximate 4% ownership stake in Coinme, closes out Coinme’s Series A financing round
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Checkout.com Appoints Meta’s Former Exec Meron Colbeci as New CPO
Checkout.com has announced the appointment of Meron Colbeci as its Chief Product Officer. Colbeci is the former head of consumer product management at Meta’s fintech product group Novi, and was a senior product leader at SoFi and PayPal as well,
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Thoma Bravo Takes Bottomline Private in US$2.6 Billion Acquisition Deal
Software investment firm Thoma Bravo has inked a deal to acquire payment and invoice management platform Bottomline Technologies in an all-cash transaction for approximately US$2.6 billion. Under the terms of the agreement, Bottomline shareholders will receive $57.00 per share in
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Mexican Fintech Clara Clinches Unicorn Status With US$70 Million Series B
Mexico City-based end-to-end corporate spend management solution Clara has secured US$70 million in a Series B equity financing round. The round was led by Coatue, and takes Clara’s valuation to US$1 billion. With the Series B, Clara has become the
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90% Of North American Consumers Manage Money Through Financial Apps: Report
Mastercard released a new report today, The Rise of Open Banking, demonstrating the mainstream adoption of technology to power smarter, more meaningful digital experiences. The report found more than 80% of consumers in the US – and 90% of younger
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Klarna and GoCardless to Power Bank Debit Payments in the US
Global buy now pay later (BNPL) solution provider Klarna has partnered with UK-headquartered account-to-account payments solution provider GoCardless. The partnership will enable Klarna to provide bank debit payments to over 21 million US customers, a statement from Klarna said. More
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