Tag archive for ‘Fintech industry news’
By businessnewstoday On Friday, May 29th, 2020

Marqeta raises $150m for card issuing platform, takes valuation to $4.3bn

(adsbygoogle = window.adsbygoogle || []).push({}); US fintech company Marqeta, which is engaged in providing a platform for issuing debit and credit cards, has bagged an investment of $150 million More...

By businessnewstoday On Sunday, April 12th, 2020

Galileo Financial Technologies to be acquired by SoFi for $1.2bn

SoFi acquisition of Galileo : Social Finance (SoFi), a US online personal finance company, has signed a $1.2 billion worth cash-cum-stock deal to acquire Galileo Financial Technologies. Headquartered in Salt Lake More...

By businessnewstoday On Saturday, March 14th, 2020

Banco Santander acquires 50.1% stake in Spanish fintech company Mercury TFS

Banco Santander has expanded its global trade platform for companies by acquiring a 50.1% stake in Spanish fintech company Mercury Trade Finance Solutions (Mercury TFS) for €30 million. Mercury TFS is a trade More...

By Soujanya Ravi On Thursday, February 6th, 2020

French payment companies Worldline, Ingenico sign €7.8bn merger deal

Worldline acquisition of Ingenico : European payments company Worldline has signed a stock-cum-cash deal worth €7.8 billion to acquire rival French payment services firm Ingenico. The two French payment companies More...

By Soujanya Ravi On Thursday, January 30th, 2020

Crédit Agricole to take majority stake in French fintech firm Linxo Group

Crédit Agricole Group has agreed to acquire a majority stake in French fintech company Linxo Group in a move to strengthen its position in digital payment services. Established in 2010, Linxo Group has been engaged More...

By businessnewstoday On Tuesday, January 14th, 2020

Visa to acquire US fintech company Plaid for $5.3bn

Visa acquisition of Plaid : Digital payments giant Visa has signed a $5.3 billion deal to acquire California-based fintech company Plaid as per the latest fintech industry news. Plaid is a network that enables people More...

By Soujanya Ravi On Wednesday, January 8th, 2020

Latin American fintech company AlphaCredit raised $125m in Series B round

AlphaCredit, a Latin American fintech company, has raised $125 million in a Series B equity financing round led by the Latin America Fund of Japan’s SoftBank. The Latin American-focused fintech company, through More...

By businessnewstoday On Wednesday, November 13th, 2019

Visa Everywhere Initiative launched for Indian fintech companies

Payments technology giant Visa has launched Visa Everywhere Initiative (VEI) in India, a global innovation program to select fintech companies to solve the payment and commerce challenges of the future. Visa Everywhere More...

By Raghuram Kadari On Saturday, September 21st, 2019

Stripe lands $250m funding, creates $35bn fintech startup

Stripe funding round : US online payments company Stripe has raised $250 million in new funding round, creating a fintech company with an enterprise value of $35 billion, as per the latest fintech industry news. The More...

By businessnewstoday On Sunday, September 8th, 2019

Experian acquires Look Who’s Charging to strengthen open data offering

Experian, an Irish consumer credit reporting company, acquired Look Who’s Charging, an Australian fintech startup, for an undisclosed sum to strengthen its open data offering. The acquisition was made by its subsidiary More...