USA
Remitly Receives Investment From Visa Ahead of IPO Plans
Remitly, a mobile-first provider of remittances and financial services for immigrants, announced that it has received an undisclosed sum of equity investment from Visa. News of the funding comes days amidst reports that Remitly is preparing for an initial public
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Forge Raises Over US$150 Million in Funding, Backed by Deutsche Börse and Temasek
Forge Global, a global private securities marketplace, announced that it has received Financial Industry Regulatory Authority’s (FINRA) approval to operate as a single broker dealer with SharesPost following a merger in 2020, and that it closed an oversubscribed round of
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Bill.com to Acquire Expense Management Startup Divvy for “US$2.5 Billion”
Bill.com, a provider of cloud-based software, announced that it has entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at approximately $2.5 billion. Divvy focuses on spend management that modernises finance for business by
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Visa Teams up With Tala to Drive Crypto Adoption Among the Underbanked
Tala, a digital financial services provider in emerging markets, announced a new partnership with Visa to help underbanked populations participate in the crypto economy. Together with additional partners Circle and the Stellar Development Foundation, Tala will explore opportunities to make
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Crypto Firm Paxos Raises US$ 300 Million in Series D Funding At US$ 2.4 Billion Valuation
Paxos, a New York-based regulated blockchain infrastructure platform, announced it has closed a US$ 300 million Series D round of funding. Oak HC/FT led the round, with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group,
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Kid-Focused Startup Greenlight Snags US$260 Million in Series D Funding Round
Greenlight Financial Technology, a debit card for kids and a mobile app that empowers parents raise financially-smart children, announced the close of a US$ 260 million Series D funding round. This brings Greenlight’s total funding to over $550 million and
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Current Raises US$220 Million Funding, Triples Valuation to US$2.2 Billion
US-based challenger bank Current announced that it has raised $220 million in Series D funding and tripled its valuation to $2.2 billion in just five months. Current has now raised over $400 million in total funding. Andreessen Horowitz led the
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Amazon to Roll Out Pay-With-Palm at Whole Foods Stores
Amazon.com announced that it is rolling out its biometrics technology Amazon One as a payment option at Whole Foods stores in the Seattle area over the coming months. The multinational company had introduced Amazon One as a fast, convenient, contactless
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56 Fintech Billionaires Worth a Combined US$327B in 2021
There are 56 fintech billionaires around the world who combine a total net worth of US$327.7 billion, data curated by Finextra based on Forbes’ 2021 World’s Billionaires list show. These represent some of the world’s biggest and most successful fintech
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Apple Introduces Apple Family Card, Allowing Spouses to Merge Their Credit Lines
Apple announced the launch of Apple Card Family, which allows users to share their Apple Card in order to track purchases, manage spending, and build credit together with their Family Sharing group. Available in the US in May, Apple Card
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