USA

Google Invests US$1 Billion in CME Group, Signs Cloud Migration Deal

Google has made a US$1 billion equity investment in CME Group, a diverse derivatives marketplace, and signed a 10-year strategic partnership to accelerate latter’s move to the cloud. Under the agreement, CME Group will migrate its technology infrastructure to Google

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Socure Secures US$450 Million Series E Fundraise at US$4.5 Billion Valuation

Socure, a provider of digital identity verification and fraud solutions, announced its significantly oversubscribed US$450 million Series E funding round at a US$4.5 billion valuation. The company achieved a US$4.5 billion valuation just seven months after its US$1.3 billion Series

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Bottomline Acquires Bora Payment Systems for US$15 Million

Bottomline, a provider of financial technology that makes complex business payments simple, smart and secure, announced that it has completed the acquisition of Bora Payments Systems for US$15 million in cash. Bora Payment Systems is a B2B card payment platform

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Trade Finance Platform Drip Capital Raises US$175 Million

Drip Capital, a digital cross-border trade finance platform for small and medium businesses (SMBs), announced that it has raised US$175 million to power its next phase of growth. Funds raised include a US$40 million Series C investment and US$135 million

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Digital Currency Group Raises US$700 Million From Softbank, Google’s Capital G

Digital Currency Group (DCG) announced that it has closed a secondary investment round by selling more than US$700 million of its shares and is now valued at US$10 billion. SoftBank’s Vision Fund II and Latin American Fund led a syndicate of

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PayPal Launches Mobile POS Solution “Zettle Terminal” for Small Businesses

PayPal announced the launch of the Zettle Terminal, its new, all-in-one point of sale solution that offers increased mobility in-store for small businesses. The Zettle Terminal will now be available in the UK beginning and will continue to roll-out across

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American Express Launches Fully Digital Business Checking Account for SMEs

American Express has introduced its new Business Checking account designed for small and mid-sized (SME) businesses in the United States. This fully digital Business Checking account offers a secure, high-yield, and low fee digital banking experience with a competitive APY

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Wealthtech Firm TIFIN Closes US$47 Million Series C From JPMorgan, Broadridge

TIFIN, a fintech platform using AI for wealth and asset management, announced the successful closing of US$47 million in Series C funding. The firm closes its Series C round at a valuation of US$447 million, which is nearly five times

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Brazilian Challenger Bank Nubank Makes Push for IPO

Brazilian challenger bank Nubank has filed for its initial public offering (IPO) and is expected to go public in the U.S. by early 2022, according to Forbes. Nubank had filed both with the Securities and Exchange Commission (SEC) in the

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Mastercard and Bakkt Strikes up Crypto Partnership

Mastercard and Bakkt announced a multifaceted partnership at Money20/20 to enable merchants, banks and fintechs in the U.S. to offer cryptocurrency solutions and services. Bakkt is a digital currency company that specialises in concurrency, rewards, and loyalty points. It will now

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