News
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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Visa Invests in LATAM Open Finance Platform Belvo’s US$43 Million Series A
Visa has invested in Mexico City-headquartered open finance API platform Belvo through its US$43 million Series A. The two companies have also signed a strategic partnership to jointly develop open finance solutions in Latin America, a statement from Belvo said.
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B2B Cashflow Solutions Provider Tradeshift Fetches US$200 Million
San Francisco-headquartered B2B e-invoicing and accounts payable automation company Tradeshift has raised over US$200 million in funding from existing and new investors. Tradeshift raised the funding, which includes debt, from Koch Industries, as well as IDC Ventures, LUN Partners, Private
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Tiger Global Leads US$60 Million Series B for Blockchain Firm TRM Labs
US blockchain intelligence company TRM Labs has raised US$60 million in a Series B funding round. Tiger Global was the lead investor in the Series B, according to a statement. The round also saw participation from American Express’ Amex Ventures,
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Jumio Acquires 4Stop For End-To-End Identity Solutions
US-based online mobile payments and identity verification company Jumio is acquiring strategic partner and KYC, compliance and fraud prevention solution provider 4Stop. The deal is expected to close early next year. The acquisition of the Germany-headquartered company will help Jumio
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Republic to Acquire Seedrs in US$100 Million Deal to Expand Its Europe Footprint
US-based private investment platform Republic will be acquiring European online private investment platform Seedrs for about US$100 million. The deal is expected to close in early 2022. The deal also saw participation from global institutional investment management firm Davidson Kempner
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Moody’s Acquires Passfort and 360kompany to Boost Its Onboarding Solutions
Global integrated risk assessment firm Moody’s Corporation is acquiring two European providers of onboarding and Know Your Customer (KYC) technology solutions. Moody’s has completed the acquisition of PassFort Limited and has signed an agreement to acquire 360kompany AG (kompany), according
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Colombia Fintech: Underdeveloped Wealthtech, Banking Tech Sectors Are an Opportunity
In Colombia, underdeveloped fintech segments including investment management/wealthtech and banking infrastructure represent a market opportunity for Swiss fintech companies, which have over the years build up expertise and competencies in both areas, a new report by Swiss governmental agency Switzerland
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Blockchain.com Acquires Argentinian Crypto Company Sesocio
Blockchain.com has acquired SeSocio, one of the largest crypto companies in Argentina and one of the most prolific across Latin America. With its largest acquisition to date, Blockchain.com accelerates its rapidly growing footprint across Latin America, armed with a team
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In Guatemala, Incumbents Tap Fintech Specialists to Ramp up Tech Capabilities
In Guatemala, incumbent banks are teaming up with fintech startups to benefit from their technological advancements, enable a seamless digital customer experience and access new market segments. Banco de los Trabajadores (Bantrab) is among the prominent financial group in the
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