News
TransUnion Acquires Neustar for US$3.1 Billion to Enhance Digital Identity Capabilities
American consumer credit reporting agency TransUnion has signed a US3.1 billion deal to acquire Neustar, an identity resolution company, from a private investment group led by Golden Gate Capital and with minority participation by GIC. Neustar’s security business, which is
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Payroll Platform Papaya Global Raises US$250 Million at US$3.7 Billion Valuation
Papaya Global, a New York-based workforce management platform transforming global employment, announced that it has raised US$250 million in Series D funding, bringing the company’s valuation to US$3.7 billion. Papaya’s valuation has increased tenfold since September 2020 with a total
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Canadian Startup Nuula Secures US$120 Million to Boost Service Offerings for SMEs
Nuula, a Canadian mobile application that gives small business owners instant access to critical business metrics, announced that it has raised US$120 million. The total funds secured are US$20 million in equity funding led by Edison Partners that will accelerate
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US Crypto Custody Firm Fireblocks Sets up Swiss Office for DACH Expansion Plans
Fireblocks, a US-based platform that allows financial institutions to store, move and issue cryptocurrencies, announced that it will be opening of a new office headquartered in Switzerland. The firm said that it will be dedicating significant resources toward expanding its
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Chile’s Modyo Partners Mambu to Create Cloud-Based Digital Banking Experience
Chilean fintech Modyo announced that it has signed a partnership agreement with SaaS cloud banking platform Mambu. With this partnership, Modyo will connect its core DXP to Mambu’s composable banking cloud platform. Modyo has spent the past years building a
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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger
US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app. MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well
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Global Payments Signs Deal to Acquire MineralTree for US$500 Million
Global Payments, a worldwide provider of payment technology and software solutions, announced an agreement to purchase MineralTree, a provider of accounts payable automation and business-to-business (B2B) payments solutions, for US$500 million in cash. The company will make the acquisition from
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Fintech Sector Starts Taking Shape in Panama
Although Panama is lagging behind nations such as Brazil, Mexico and Colombia, in the development of fintech, the lack of access to financial services and high financial exclusion levels provide opportunities for the space to grow. A study released in
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Neobank Varo Raises US$510 Million, Now Valued at US$2.5 Billion
US-based Neobank Varo Bank announced that it closed a US$510 million oversubscribed Series E funding round, valuing it at US$2.5 billion. The round was led by new investor Lone Pine Capital, who was joined by dozens of additional new investors
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Mastercard Bets on Crypto, Buys CipherTrace for Undisclosed Sum
Mastercard has signed a deal to acquire CipherTrace, a US-based cryptocurrency intelligence company, for an undisclosed sum to extend its capabilities deep into the field of digital assets. The deal is anticipated to close before the end of the year.
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