Archive
Amazon Taps Affirm to Offer BNPL Payment Option at Checkout
Affirm, a US-based Buy Now, Pay Later (BNPL) firm, announced that its flexible payment solution will soon be available to Amazon.com customers at checkout. In a joint statement, Amazon and Affirm said that they are testing with select customers now,
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Privatam Appoints Veteran Banker as Sales Director for LATAM Expansion Plans
Monaco-based wealthtech firm Privatam has appointed Jose Carlos Reis as its Sales Director for the Latin American market to consolidate its presence in the South American region. Prior to joining Privatam, Jose Carlos Reis worked at BB Securities Asia (Banco
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Hong Kong Unicorn Airwallex Expands Its Footprint to the US
Airwallex, a cross border payment company, announced its official launch in the US as it continues its international growth momentum. The company first established a presence in San Francisco in 2019, and has grown to a team of more than
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Corporate Card Startup Ramp Bags US$300 Million, Acquires Buyer
Corporate credit card startup Ramp announced that it has raised US$300 million in a Series C funding round which now values the firm at US$3.9 billion. Ramp has raised over US$620 million to date in a mix of equity and
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DriveWealth Secures US$450 Million Series D, Now Valued at US$2.85 Billion
DriveWealth, US-based specialist of embedded finance, fractional investing in US equities, and API-driven brokerage infrastructure, announced a US$450 million Series D with a valuation of US$2.85 billion. The round was co-led by New York-based global private equity and venture capital
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Canadian Travel Tech Firm Hopper Secures US$175 Series G Funding
Canadian travel tech company Hopper announced that it has completed a US$175 million Series G financing round led by New York’s GPI Capital. The fundraise also saw participation from Glade Brook Capital, WestCap, Goldman Sachs Growth and Accomplice. Hopper said
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Momentum Continues in Colombia’s Fintech Ecosystem
Colombia’s fintech sector is growing at a fast pace with now more than 320 companies operating in various segments ranging from online lending and digital payments, to business finance and wealthtech. This makes Colombia the third largest fintech hub in
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Paysafe Signs US$441 Million Deal To Acquire LATAM Rival SafetyPay
London-based payments platform Paysafe signed a deal to acquire Latin American digital payments firm SafetyPay for US$ 441 million in an all-cash transaction that is expected to close in the fourth quarter of 2021. Paysafe said in a statement that
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Neobank Chime Bags US$750 Million, Fintech Expert Questions US$25 Billion Valuation
San Francisco-based challenger bank Chime Financial announced that it has secured a funding of US$750 million, pushing its valuation to US$25 billion ahead of a planned initial public offering (IPO) early next year. The funding round was led by new
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Neobank Upgrade Closes US$105 Million Series E Round, Valued at US$3.325 Billion
Upgrade, a US-based fintech company that offers affordable and responsible credit to mainstream consumers, announced that it closed a US$105 million Series E round at a US$3.325 billion pre-money valuation. The round was led by Koch Disruptive Technologies (KDT) with
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