News
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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How Jacksonville, FL, Prevails as an Emerging Fintech Powerhouse
Many cities on the West Coast of the United States burgeoned into innovation centers during the dot-com bubble. Tech hubs like California’s Silicon Valley and Washington’s Greater Seattle region are home to some of the biggest tech companies in the
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Mastercard Inks Deal to Acquire Danish Open Banking Firm Aiia
Mastercard is set to acquire Aiia, a Danish open banking technology provider, for an undisclosed sum and the transaction is anticipated to close by year’s end. Aiia is a licensed Payment Initiation Service Provider (PISP) and Account Information Service Provider
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Databricks Secures US$1.6 Billion in Series H Fundraise at US$38 Billion Valuation
Databricks, a US-based enterprise software company, announced that it has raised US$1.6 billion during a Series H funding round at a US$38 billion valuation. This new round brings Databricks’ total funding to almost US$3.6 billion, and will be used to
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MoneyLion’s SPAC Merger to Be Finalised, Soon to Be Listed on NYSE
US-based neobank MoneyLion’s merger with a special purpose acquisition company (SPAC) Fusion Acquisition Corp. to become a publicly listed company is coming to a close. A special meeting of Fusion Acquisition Corp. shareholders will be held on 21 September 2021
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Ingka Investments Snaps up Minority Stake in USA’s BNPL Firm Jifiti for US$22.5 Million
Ingka Investments, the investment arm of Ingka Group which owns and operates IKEA stores, has invested US$22.5 million in US-based Buy Now, Pay Later (BNPL) firm Jifiti, for a minority stake in the company. Ingka Group and Jifiti have a
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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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